"01 April 2018" Archive

Biggest changes in taxation in New Financial Year 2018-19 for you

From April 1, a large number of Indians will see significant changes in their financial life. April 1 is the first day of the new financial year, 2018-19. The Budget proposals for the new financial year, announced on February 1, will come into force from today itself. Below are the key changes which are going to […]...

Posted Under: Income Tax |

Outward transport for transportation of finished goods up to Purchases Premises is Input Services

Commissioner, Central GST And Central Excise Vs. Gujarat Guardian Limited (Gujarat High Court)

Outward transport service used by the manufactures for transportation of finished goods from the place of removal up to the premises of the purchaser is covered within the definition of input service provided in rule 2(l) of the Cenvat Credit Rules, 2004....

No violation of election code of conduct due to GST Council Recommendations: HC

Sandipkumar Kirankumar Sharma Vs State Election Commission (Gujrat High Court)

In terms of Article 279A of the Constitution of India, it cannot be said that the recommendations made by the Goods and Services Tax Council are in violation of the Code of Conduct....

Consider representation on applicability of GST on contract work for which agreements were executed prior to 01.07.2017: HC

Coimbatore Corporation Contractors Vs State of Tamil Nadu (Madras High Court)

Petitioner made representations stating that the contract works for which the agreements were executed prior to 01.07.2017 GST cannot be imposed and 2% VAT alone is applicable....

Denial of Transitional VAT credit under GST Regime: HC issues notice to Govt

Willowood Chemicals Pvt Ltd. Vs Union of India (Gujrat High Court)

Petitioner has challenged second proviso to sub-section (1) of section 140 of the Gujarat goods and service tax act, 2017 under which certain restrictions have been imposed on a dealer for taking tax credit under then the VAT act. counsel for the petitioner submitted that the provision deprives a dealer to his vested right and thus, the ...

Goods cannot be seized for mere transport after one week from Invoice Date: HC

Maa Vindhyavasini Tobacco (P.) Ltd. Vs. State of U.P. (Allahabad High Court)

The other ground of seizure on which penalty has been imposed is that the goods, started their journey one week after the date of the invoice. Prima facie that cannot be the ground to seize the goods or to impose penalty....

Release Goods detained under GST on furnishing of Simple Bond: Kerala HC

M/s. Vajra Rubber Products (P) Ltd. Vs. Commercial Tax Officer (Kerala High Court)

Petitioner seeks release of the goods detained by the second respondent under Section 129 of the Central Goods and Services Tax Act as also the Kerala State Goods and Services Tax Act....

HC direct release of goods seized for want of e-way bill against security for Tax & Penalty

Lg Electronics India Pvt. Ltd. Vs. State Of U.P. And 3 Others (Allahabad High Court)

The goods of the petitioner have been seized on 16.03.2018 for want of E-Way Bill. On the respective submissions of the parties the issue which crops up in this petition is whether Rule 138 of the Uttar Pradesh Goods and Services Tax Rules, 2017 (hereinafter referred to as the Rules) as it stood originally before the 4th amendment would s...

Exporters to furnish bonds to export without paying IGST: Delhi HC

Aphro Ecommerce Solutions (P.) Ltd. Vs Union of India (Delhi High Court)

The question raised in the present petition concerns Rule 96A of the Central Goods and Services Tax Rules, 2017 and Circular No. 4/4/2017- GST issued by the Central Board of Excise and Customs (GST Policy Wing), in terms of which any person exporting goods or services without payment of integrated tax is required to furnish a bond or a le...

CBEC renamed central board of indirect taxes and customs (CBIC)

With the enactment of the Finance Act, 2018, CBEC is renamed as the Central Board of Indirect Taxes and Customs (CBIC). The change was necessitated due to enactment of the Goods and Services Tax (GST) which has consolidated the multiple Indirect Taxes into one tax....

Posted Under: Income Tax |

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