"26 February 2021" Archive - Page 5

VAT TDS Credit Allowed Under GST Transitional Laws

DMR Constructions Vs. Assistant Commissioner, Commercial Tax Department (Madras High Court)

DMR Constructions Vs. Assistant Commissioner, Commercial Tax Department (Madras High Court) Issue Involved: 1. There was Accumulated credit of TDS under TNVAT Act and the same has also been permitted to carry forward the same from year to year. 2. The petitioners sought transition of the accumulated TDS into their respective accounts for ...

Model Code of Conduct for elections of 5 states Legislative Assemblies

No. 437/6/1/ECl/INST/FUNCT/MCC/2021/401 26/02/2021

Immediate action to be taken for enforcement of Model Code of Conduct and Application of Model code of Conduct after announcement of (i) General Elections to the Legislative Assemblies of Assam, Kerala, Tamil Nadu, West Bengal and Puducherry, 2021 and (ii) Bye elections to the Parliamentary Constituencies of Malappuram, Kerala state and K...

GST on exempt supplies by Person registered under composite levy

Section 10 (Composition levy) of CGST ACT states – Notwithstanding anything to the contrary contained in this Act but subject to the provisions of sub-sections (3) and (4) of section 9, a registered person, whose aggregate turnover in the preceding financial year did not exceed fifty lakh rupees (one crore and fifty lakh rupees w.e....

Bombay HC dismisses plea for GSTR9/9C due date extension (Read order)

Goods and Services Tax Practitioners’ Association Vs. Union of India (Bombay High Court)

Goods and Services Tax Practitioners’ Association Vs. Union of India (Bombay High Court) On due consideration, we are not inclined to accede to the prayer made by the petitioners that too at this eleventh hour. It is not that the time-limit has not been extended. The initial due date of 31.12.2020 has been extended to […]...

Understanding Dumb documents found in Income Tax Search

Income Tax Search and Seizure: Understanding the gamut of Dumb Documents unearthed in an Income Tax Search and Seizure action Introduction:- It is seen in the course of practice on the subject that during the course of Search and Seizure actions, voluminous documents are seized which may also include numerous loose papers, diaries, note p...

Power to attach bank account should be exercised strictly as it entails serious consequences

The Hon’ble Delhi High Court in Proex Fashion Private Limited v. Government of India & Ors. [W.P.(C) 11245/2020 & CM APPL. 35053/2020, decided on January 6, 2021] quashed the order passed for attaching the bank account of the assessee pursuant to proceedings initiated under Section 71 of the Central Goods and Services Tax Act, 2...

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