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Archive: 15 October 2020

Posts in 15 October 2020

Special Window to States for meeting GST Compensation Cess shortfall

October 15, 2020 396 Views 0 comment Print

Under Option-I States were to be provided a Special Window of Borrowing of ₹1.1 lakh cr, and over and above that, an authorisation for additional Open Market Borrowings of 0.5% of their GSDP.

Hearing on writ for Extension of due date of GSTR 9 & 9C on 27.10.2020

October 15, 2020 2133 Views 0 comment Print

Confederation of GST Professionals and Industries Vs Union of India (Bombay High Court) CGPI had filed writ petition for extension of due date of GSTR 9 and 9C before Bombay high court and Honorable High Court has fixed next hearing on  27th October, 2020. FULL TEXT OF THE HIGH COURT ORDER /JUDGEMENT Heard learned Sr. […]

Extend due date for filing TAR to 28.2.2021 & ITR to 31.03.2021

October 15, 2020 50664 Views 7 comments Print

Karnataka State Chartered Accountants Association requested for extension of due dates as applicable for AY 2020-21 for filing tax audit reports from 30th October 2020 to 28th February 2021 and extension of due date for filing of return of income under section 139(1) from 30th November 2020 to 31st March 2021. Text of the Representation […]

Three-wheeled motor vehicle fitted with battery pack, classifiable under HSN 8703, otherwise under HSN 8706

October 15, 2020 1191 Views 0 comment Print

The Hon’ble AAR, West Bengal in Re: M/s Hooghly Motors Pvt. Ltd. [Order Number 06/WBAAR/2020-21 dated August 10, 2020] held that a three-wheeled electrically operated vehicle/rickshaw is classifiable under HSN 8703 (Motor Vehicles for carrying less than 10 passengers) as an electrically operated vehicle, provided it is fitted with the battery pack. Otherwise, it will […]

CGPI Writ Petition for Extension of GSTR-9 and GSTR-9C due date

October 15, 2020 5166 Views 0 comment Print

Today Sr Adv Ashok Saraf appeared for Confederation of GST Professionals and Industries in the Writ petition relating to extension of due date for GSTR 9 and 9C in Bombay High Court. He has made one of the most passionate pleas I have seen till date in Bombay HC for benefit of tax professionals. Court […]

Troubleshooting Excel Files with unjustified size or opening/loading time

October 15, 2020 2688 Views 1 comment Print

We all have came across than one excel file which does not contain that much information but still taking up a space of several MBs and makes our PC standstill while opening or editing it. You might have wondered what is the extra data that is stored in that file. Here are few tips that […]

SC imposes cost of Rs. 25000 on officer for delay of 663 days in appeal filing

October 15, 2020 672 Views 0 comment Print

The State of Madhya Pradesh & Ors. Vs Bherulal (Supreme Court of India) The Special Leave Petition has been filed with a delay of 663 days. We have raised the issue that if the Government machinery is so inefficient and incapable of filing appeals/petitions in time, the solution may lie in requesting the Legislature to […]

HC Refused to Grant Bail in alleged GST Tax Evasion case

October 15, 2020 1548 Views 0 comment Print

In the instant case the petition has filed petition for seeking bail against order for tax evasion by creating fake and non-existent firms. Considering the seriousness of allegations and crucial stage of investigation, HC is of the opinion that applicant/accused is not entitled for grant of bail.

CESTAT allows ITC which was disallowed under wrong impression

October 15, 2020 1041 Views 0 comment Print

The issue under consideration is whether the disallowance of input tax credit against service is justified in law? The said demand is also not tenable as the said demand was prima facie raised under the impression that the appellant is not entitled to cenvat credit.

Guideline for Testing of outside samples by Revenue Laboratories

October 15, 2020 1617 Views 0 comment Print

(i) As Revenue Laboratories can deal with the samples related to Drug Controller, FSSAI & Textile Committee, all the customs samples, are preferably be tested in the Revenue Laboratories only. (ii) In case facility to test particular commodity or parameter is not available in the nearest Revenue Laboratory, such cases shall be referred to the nearest government laboratory where such facility is available.

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