Ever since introduction of the GST Law, Input Tax Credit (ITC) has been the most debated topic and a lot of confusion and disputes are revolving around the subject of availment of ITC.
This article aims to discuss various media reports/news & rumors regarding attachment of property of Tax Professionals (CA/advocate/Other Tax Consultants) for lower GST Tax payment by client.
Disallowance on account of interest on office loan was confirmed as assessee had taken loan from Bank for office and claimed deduction in respect of the interest expenditure incurred on this loan thus, the presumption based on mixed funds could not be applied.
GST on Activity or Transaction between Body of Individual (BOI)/Association of Person (AOP) and its Member and Vice Versa proposed vide finance bill 2021 Original Section 7 of CGST Act 2017 effective from 01.07.2017 was as under: Section-7 Scope of supply. (1) For the purposes of this Act, the expression “supply” includes–– (a) all forms […]
Government of Karnataka notified Karnataka Shops and Commercial Establishments (Second Amendment) Act, 2020 and amended Section 15 of the Karnataka Shops and Establishments Act to allow carry forward of leave upto 45 days. As per amendment total number of the days of leave that may be carried forward to a succeeding year shall not exceed […]
Asian Organo Industries Vs Principal Commissioner of Customs (High Court Gujarat) The writ applicant claims that it is eligible for the IGST refund claim on the basis of the shipping bills i.e. on the export of goods. According to the writ applicant, the shipping bills filed by an exporter of the goods are deemed to […]
