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Tag: Penalty

Income Tax in Media

Vivad Se Vishwas Scheme 2: Centre likely to initiate penalty settlement for pharma firms

byAdmin23/02/202323/02/2023

The Union government is likely to initiate the settlement of cases initiated by the National Pharmaceutical Pricing Authority (NPPA) for…

GST ArticleHigh Court

Minor discrepancy in the e-way bill would not attract penalty proceedings

byCA Bimal Jain21/02/202321/02/2023

The Hon’ble Allahabad High Court in M/s. Varun Beverages Limited. v. State of U.P. and Ors. [Writ Tax No. –…

GST ArticleHigh Court

Demand of tax and penalty for release of goods without mentioning the reasons is unsustainable

byCA Bimal Jain26/01/202326/01/2023

The Hon’ble Delhi High Court in Ram Prakash Chauhan v. Commissioner of Delhi (Goods and Service Tax) & Anr. [W.P.(C)…

Circular CGST

Circular No. 178/10/2022-GST dated 03.08.22 – GST applicability on liquidated damages, compensation and penalty arising out of breach of contract or other provisions of law –reg.

byAdmin04/08/202223/11/2022

Circular No. 178/10/2022-GST F. No. 190354/176/2022-TRU Government of India Ministry of Finance Department of Revenue (Tax Research Unit) Dated 03.08.2022…

GST ArticleHigh CourtPre-GST

No Recovery of Central Excise Duty, Interest, and Penalty without serving of Adjudication Order

byCA Bimal Jain31/07/202202/08/2022

The Hon’ble Calcutta High Court in the matter of M/s Haldia Petrochemicals Limited v. Assistant Commissioner [W.P. A No. 4249…

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