The Hon’ble Madras High Court in the case of Manu Blue Metals and M. Sand disposed of the writ petition in case where the rectification application filed was not being decided upon within the prescribed period of six months for rectification of order as per Section 161 of the CGST Act.
The 54th GST Council meeting has recommended rectification processes related to the ITC for demands under section 73, 74, 107 and 108 of the CGST Act, 2017.
Snowman Logistics Limited announced a significant reduction in its income tax demand for the assessment year 2018-19. The company received a rectification order from the Income Tax Department, revising the initial demand of ₹16.24 crore to ₹51.93 lakh. This development comes after Snowman Logistics filed an application under section 154 of the Income Tax Act.
Government of NCT of Delhi, Department of Trade and Taxes Policy Branch, New Delhi has issued an instruction no. F. No. 3(543)/GST/POLICY/2024/1312-18 dated 01.03.2024.
