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Archive: 05 November 2021

Posts in 05 November 2021

Postmortem of Union Budget 2024: A Comprehensive Webinar

July 18, 2024 4749 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 4161 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!

GST: Refund of Payment of Tax Made Under Wrong Head

November 5, 2021 43482 Views 1 comment Print

Under the GST provisions there is no such mechanism which allows the taxpayer to adjust the tax amount paid under the wrong head with the correct head. For example, in case the taxpayer paid tax under the CGST and SGST but later it was found tax was to be paid under the IGST, then the […]

Income Tax Department conducts searches in Rajasthan

November 5, 2021 687 Views 0 comment Print

The Income Tax Department carried out search and seizure operations in border districts of Rajasthan on 28.10.2021 covering 33 premises at different locations, where the groups are carrying on business of real estate, sand-mining and liquor trade.

Irrespective of Size – Every Enterprise Needs Audit

November 5, 2021 3507 Views 0 comment Print

Science is ‘a systematic enterprise that builds and organizes knowledge in the form of testable explanation and predictions about the universe’. Performing an audit and following the process results in testing and predictions whether the financial statements are free from material misstatement.

How to prepare for exam

November 5, 2021 1191 Views 0 comment Print

So Diwali has got over too and with exams approaching near its high time to get going. I want to discuss a few pertinent points going ahead. First, clear your mind of any confusion regarding  your situation or condition right now. You may be in tough situations right now, comparing your attempts or age with your peers […]

KVAT Act – Amnesty Application does not warrant automatic Dismissal of Appeal

November 5, 2021 2649 Views 0 comment Print

In a first of its kind judgement in Kerala, a Single Bench of the High Court of Kerala presided over by Justice Bechu Kurian Thomas held that applying under an amnesty scheme will not render the appeal filed by an assessee to be deemed to be dismissed.

GST exempt on printing of pre-examination material for educational boards/Universities

November 5, 2021 3519 Views 1 comment Print

In re Hitech Print Systems Limited (GST AAR Telangana) 1. Exam related printing activity rendered by the Appellant: A. Whether printing of pre-examination material items like Question Papers, OMR Sheets [Optical Mark Reading], Answer Booklets with/without OMR, Practical Answer Booklets, Hall Tickets and other examination material specific to various educational boards/Universities amounts to provision of […]

Design, supply, installing, testing & commissioning of train collision avoidance system in locomotives falls under HSN ‘8530’

November 5, 2021 1827 Views 0 comment Print

In re Medha Servo Drives Private Limited (GST AAR Telangana) The applicant Medha Servo Drives are manufacturers of electronics equipments for locomotives and coaches for Indian Railways and Metro Railways. They have submitted that they have entered into contract with south central railway for design, supply, installing, testing & commissioning of train collision avoidance system […]

AAR rejects application as proceedings on similar issue was pending before DGGI

November 5, 2021 1002 Views 0 comment Print

In Re M/s. Megha Engineering & Infrastructures Limited (GST AAR Telangana) In the present case as the DGGI, Hyderabad has conducted search of the premises of the applicant under Chapter-XIV of the CGST Act, 2017. It was addressed by the authority to ascertain whether any proceeding is pending before them regarding the questions raised by […]

Clarifications with respect to Post Office Saving Bank Operations

November 5, 2021 4422 Views 0 comment Print

The procedure for issue of fresh passbook in lieu of old / used up passbook is prescribed in Rule 44 of POSB CBS Manual. But there is no clarity whether the fresh passbook of account standing in CBS Post Offices (P0) can be issued by any other CBS PO.

GST :Writ petition not admissible if alternative statutory remedy was available

November 5, 2021 3309 Views 0 comment Print

Except of absence of  ‘Natural Justice Principle violation, there is no other exception that arose in the case on hand, therefore, it was a fit case to relegate assessee to alternate remedy by way of statutory appeal under Section 107 of TNGST Act and CGST Act.

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