The Delhi High Court, in a case involving M/s Shri Bankey Bihari Trading, addressed issues related to the retrospective cancellation of Goods and Services Tax GST registration.…
25/06/20241 min read
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The Delhi High Court, in a case involving M/s Shri Bankey Bihari Trading, addressed issues related to the retrospective cancellation of Goods and Services Tax GST registration.…
In terms of GOI Notification F.No. 4 25 - W&M/2017 dated October 06, 2017 SGB 2017-18 Series XIII -Issue date December 26, 2017 on Sovereign Gold Bond Scheme, premature redemption…
The Madras High Court recently addressed a GST dispute concerning GSTR 3B and GSTR 2A discrepancies, setting aside a demand order requiring a 10% pre-deposit from the petitioner.…
In a recent case before the Madras High Court, the court addressed a Goods and Service Tax GST liability issue arising from non-payment or short payment of tax on outward…
ICAI, focusing on promoting amalgamation among CA firms, plans to simplify demerger norms as per a recent draft guideline. The initiative aims to eliminate the current five-year…
The Telangana High Court invalidated a reassessment notice issued under Section 148 of the Income Tax Act, 1961, citing non-adherence to the revised procedures introduced by the…
In a recent case concerning GST demand notice, the Madras High Court remanded the matter for reconsideration due to the failure of the petitioner's accountant to inform them about…
The Madras High Court set aside a GST demand order against Tvl. Ispeel Solution Private Limited due to their failure to respond to a show cause notice SCN caused by a lack of…
Union Minister for Finance & Corporate Affairs, Smt. Nirmala Sitharaman, chaired the 7th Pre-Budget Consultation to gather recommendations from trade and services sector…
The Himachal Pradesh High Court has annulled the Water Cess on Hydropower Electricity Generation Rule, 2023, deeming it unconstitutional. Power generation companies, which use…
The Uttarakhand High Court has allowed a petitioner, Mr. Pankaj Tiwari, to file an application to revoke the cancellation of his GST registration due to a communication gap with…
The Madras High Court overturned a GST demand order due to lack of reasoning and instructed reconsideration by the respondent, ensuring a personal hearing for the petitioner. The…
In today's ruling, the Bombay High Court ordered the release of a minor involved in the Pune Porsche accident case to his paternal aunt's custody. The decision followed a habeas…
The Supreme Court, on June 25, imposed a Rs. 25,000/- cost on petitioners for suppressing material facts in their Special Leave Petition SLP , criticizing such practices as…
Union Finance Minister Nirmala Sitharaman recently led a critical pre-Budget consultation with state finance ministers and Union Territories, stressing inclusive growth and fiscal…
The Noida Police recently apprehended Suganya Prabhu, a 40-year-old businesswoman from Coimbatore, Tamil Nadu, in connection with a massive ₹10,000 crore GST fraud case. Prabhu, a…
Maruti Suzuki India Limited MSIL , the largest car manufacturer in India, has disclosed receiving a Goods and Services Tax GST demand notice amounting to Rs 5.4 crore. The notice,…
In a writ petition filed in 2017 by M/s. N. Sarda and Associates, the Rajasthan High Court recently granted relief to the petitioners, Chartered Accountants, by ordering the…
The Madras High Court recently disposed of a writ petition regarding the cancellation of GST registration due to non-filing of GST Returns. The petitioner, Mahesh Kumar Sharma…
In a recent case before the Himachal Pradesh High Court, a two-member bench comprising Justice Vivek Singh Thakkur and Justice Sandeep Sharma overturned an Income Tax demand of…
The 53rd GST Council Meeting has concluded with significant decisions, including changes to GST laws affecting Special Economic Zones SEZs . The Council recommended a…
The Reserve Bank of India RBI has cancelled the licence of City Co-operative Bank Limited, Mumbai, due to its failure to meet essential financial criteria under the Banking…
The Securities and Exchange Board of India SEBI has imposed penalties of Rs 35 lakh on Hexa Tradex Ltd HTL and its affiliated entities for multiple regulatory breaches. The…
The Supreme Court has granted interim protection from arrest to Odisha Administrative Service OAS Officer Bijaya Ketan Sahoo, accused of money laundering in a disproportionate…
The Supreme Court has ruled that an accused in a cheque dishonour case under Section 138 of the Negotiable Instruments Act, 1881, cannot seek transfer of the case. A vacation…
\r The Madras High Court denied M/s. Mango Tree Traders' request to cross-examine Customs Auditors regarding the reclassification of their products as "Areca Nuts Split." Justice…
The Kerala High Court permitted a dealer to correct a mistake in their uploaded stock inventory under Rule 22 1 of the Kerala Value Added Tax KVAT Rules, 2005. Usha Bagri, engaged…
The Madras High Court annulled a GST demand order issued due to discrepancies between monthly GSTR-3B and annual GSTR-9 return filings, citing the petitioner's lack of a fair…
\r The Patna High Court directed the Appellate Authority to reconsider on merits the application for revocation of GST registration cancellation under Section 30 of the CGST Act,…
\r The Himachal Pradesh High Court overturned the Customs Excise and Service Tax Appellate Tribunal CESTAT ruling, clarifying that Goods Transport Agency GTA services received at…
The GST Council's 53rd meeting issued significant clarifications, notably on invoice issuance by recipients for supplies from unregistered suppliers under the Reverse Charge…
The Government provides several income tax exemptions to Indian defence personnel to acknowledge their sacrifices and risks. These exemptions, under Section 10 14 of the Income…
The Income Tax Appellate Tribunal ITAT in Mumbai upheld exemptions under Section 11 of the Income Tax Act for a Registered Charitable Trust, dismissing the Revenue's appeal…
This weekly round-up highlights key decisions by the Income Tax Appellate Tribunal ITAT reported from June 14 to June 22, 2024, on Taxscan.in:\r \r S.80G 5 iv Exemption: The…
The Himachal Pradesh High Court nullified the Principal Commissioner of Income Tax's PCIT order under Section 143 3 of the Income Tax Act, 1961, citing improper handling of the…
The Gauhati High Court has ordered the Central Goods and Service Tax GST department to submit a counter-petition in response to a writ petition seeking clarification on Section 16…
The Gauhati High Court has ordered the Central Goods and Service Tax GST department to submit a counter-petition in response to a writ petition seeking clarification on Section 16…
The Allahabad High Court has nullified a penalty imposed on M/s Hira Lal Arun Kumar, a Saharanpur-based firm, for transporting goods without an e-way bill in February-March 2018.…
The Madras High Court has provided a taxpayer with a chance to contest a tax demand, contingent on a 10% pre-deposit, following a mismatch between GSTR 3B and GSTR 2A filings. The…
The Madras High Court has overturned a GST-related order due to a discrepancy between GSTR 3B filings and the auto-populated GSTR 2A, highlighting a breach of natural justice…
The Himachal Pradesh High Court has ordered the renewal of License L-10BB for a business located at The Mall Road, Manali, District Kullu, following the upgrade of its principal…
The Financial Intelligence Unit of India FIU-IND has imposed a penalty of Rs 18.82 crore $2.25 million on Binance, the world's largest cryptocurrency exchange, for violating…
The Madras High Court has quashed a VAT assessment order, requiring a 10% pre-deposit, due to its hasty issuance. Justice C. Saravanan noted that the order, passed on September…
The Madras High Court has quashed a VAT assessment order, requiring a 10% pre-deposit, due to its hasty issuance. Justice C. Saravanan noted that the order, passed on September…
The Kerala High Court has ruled that without documents showing the actual land value, the standard methodology for calculating total turnover under the Kerala Value Added Tax KVAT…
The Hyderabad bench of the Customs Excise and Service Tax Appellate Tribunal CESTAT has ruled that Bagadiya Brothers Pvt Ltd, an exporter of iron ore fines, is entitled to a 6%…
In a significant ruling, the Madras High Court overturned an order after the petitioner claimed ignorance of the proceedings, blaming their auditor for missing a Show Cause Notice…
SEBI imposed penalties totaling Rs 13 lakh on promoter-directors of Advik Capital Ltd, Vikas Garg, Seema Garg, and Sukriti Garg, for failing to comply with disclosure requirements…
SEBI has closed its investigation into allegations of stock manipulation against Sanjay Chandra and Ajay Chandra, former promoters of Unitech Ltd. The investigation, spanning…
In a significant move, the 53rd GST Council meeting recommended introducing a sunset clause for new anti-profiteering applications, setting April 1, 2025, as the deadline. This…
The Delhi High Court, in a case involving M/s Shri Bankey Bihari Trading, addressed issues related to the retrospective cancellation of Goods and Services Tax GST registration.…
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