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Archive: 05 November 2020

Posts in 05 November 2020

Postmortem of Union Budget 2024: A Comprehensive Webinar

July 18, 2024 4017 Views 3 comments Print

Join our webinar on July 24-25 for an in-depth analysis of Union Budget 2024. Learn about tax proposals, sector impacts, and investment insights. Register now!

Live Course on 360 degree Analysis of Input Tax Credit from a Litigation Perspective

July 18, 2024 3609 Views 0 comment Print

Join CA Sachin Jain for a live course on Input Tax Credit from a litigation perspective. Gain practical insights and master ITC complexities. Register now!

Fare bands for domestic flights extended upto 24th February 2021

November 5, 2020 462 Views 0 comment Print

Ministry of Civil Aviation Fare bands for domestic flights extended upto 24th February, 2021 Daily passenger traffic reached over 2 lakhs Posted On: 05 NOV 2020 The fare bands within which the airlines have to operate have been extended upto 24th February, 2021 by the Ministry of Civil Aviation. These fare bands came into force […]

Rajasthan opts Option-1 to meet GST implementation shortfall

November 5, 2020 540 Views 0 comment Print

The Government of Rajasthan has communicated its acceptance for Option-1 out of the two options suggested by the Ministry of Finance to meet the shortfall in revenue arising out of GST implementation.  The State has now joined 21 other States and 3 Union Territories (Delhi, Jammu & Kashmir and Puducherry) who have opted for Option-1. 

Input tax credit denial merely on technical grounds not justified

November 5, 2020 5331 Views 1 comment Print

Heritage Lifestyles and Developers And Pvt. Ltd. Vs. Union of India (Bombay High Court) This is a case, where admittedly Petitioner could not file GST TRAN-1 on or before 27.12.2017 but had manually applied for GST TRAN-1 on 7.5.2018 as per Circular dated 03.04.2018 within the timeline as per the date extended by this Court. […]

Goods can be seized if proper officer has reason to believe that such goods are liable to confiscation

November 5, 2020 1899 Views 0 comment Print

Mumbai Fabrics P. Ltd. Vs Union of India and Ors. (Bombay High Court) Question for consideration is whether the seized goods imported by the petitioner are old and used rubber tyres reusable as tyres or are old and used rubber tyres scrap being in pressed baled form? Evidently there is a dispute between the petitioner […]

HC Remand Back Matter to Designated Committee to take Decision Regarding Refund under SVLDRS

November 5, 2020 1197 Views 0 comment Print

Prathamesh Dream Properties P. Ltd Vs Commissioner of CGST & Central Excise & others (Bombay High Court) The issue under consideration is whether petitioner should have the benefit of relief as a declarant under the ‘pending litigation category’ and thus entitled to refund of the amount paid? High Court states that a careful and conjoint […]

MSME Ministry Letter Granting Loan & Requesting Rs 1000 as Processing Fee is Fake

November 5, 2020 3588 Views 0 comment Print

An approval letter allegedly issued by the Ministry of MSME is granting a loan and requesting a payment of ₹ 1000 on the pretext of processing fee. This letter is Fake. Ministry of MSME does not directly deal with individual beneficiaries for any of its credit schemes.

CBI Arrests A Deputy Commissioner & A Superintendent of Customs

November 5, 2020 1341 Views 0 comment Print

CBI Arrests Four Accused Including A Deputy Commissioner of Customs; A Superintendent & Private Persons In An on-Going Investigation of Two Separate Cases

No section 14A disallowance if no exempt income is received during relevant year

November 5, 2020 1623 Views 0 comment Print

ACIT Vs Him Urja Pvt. Ltd. (ITAT Delhi) The assessee has also submitted before the Ld. CIT(A) that as there was no exempt income earned by assessee during the relevant previous year, no disallowance under section 14A could be made. The assessee relied upon Judgment of the Hon’ble Delhi High Court in the case of […]

Policy & Guidelines for setting up of ICDs, CFSs & AFSs

November 5, 2020 7224 Views 0 comment Print

Circular No. 50/2020-Customs Policy and Guidelines for setting up of Inland Container Depots (ICDs), Container Freight Stations (CFSs) and Air Freight Stations (AFSs)-Reg.

Notice in Form GST REG-23 proposing rejection of revocation application

November 5, 2020 6465 Views 0 comment Print

On being dis-satisfied with the revocation application filed by the taxable person, the proper officer will issue a show cause notice in Form GST REG-23. The proper officer is required to mention the reasons based on which he believes that the revocation application so filed is liable to be rejected. The present article briefs the […]

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