"28 December 2021" Archive

Addition for PF/ESI paid beyond due date under respective Laws but before due date of ITR filing not sustainable

Adama Solution P. Ltd. Vs ADIT (ITAT Delhi)

Adama Solution P. Ltd. Vs ADIT (ITAT Delhi) ITAT allowed the issue raised by the assessee holding that the addition/disallowance made by the learned assessing officer of late deposit of employees contribution to the provident fund and ESI, as it is deposited before the due date of the filing of the return of an income […]...

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Debatable issues not permitted to be made adjustments u/s 143(1)

S.V. Engineering Constructions India (P) Ltd. Vs DCIT (ITAT Visakhapatnam)

S.V. Engineering Constructions India (P) Ltd. Vs DCIT (ITAT Visakhapatnam) It is settled issue that no debatable issues are permitted to be made adjustments u/s 143(1) of the Act. In the instant case, what was added in the intimation u/s 143(1) was the employees contribution to PF and ESI. Hon’ble Madras High Court in the […]...

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Amendment in Rates of GST compensation cess wef 01.01.2022

Notification No. 2/2021-Compensation Cess (Rate), [G.S.R. 901(E)] 28/12/2021

Amendment in Rates of GST compensation cess under GST (Compensation to States) Act, 2017 vide Notification No. 2/2021-Compensation Cess (Rate), Dated: 28.12.2021 by amending Notification No 1/2017- Compensation Cess (Rate) dated 28.06.2017. MINISTRY OF FINANCE (Department of Revenue) New Delhi, the 28th December, 2021 Notification No. 2/...

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Amendment in UTGST rate on specified handicraft items WEF 01.01.2022

Notification No. 20/2021-Union Territory Tax (Rate), [G.S.R. 900(E)] 28/12/2021

Amendment in UTGST rate on specified handicraft items WEF 01.01.2022 vide Notification No. 20/2021-Union Territory Tax (Rate), Dated: 28.12.2021 by amending Notification No. 21/2018- Union Territory Tax (Rate), dated the 26th July, 2018 MINISTRY OF FINANCE (Department of Revenue) New Delhi, the 28th December, 2021 Notification No. 20/202...

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Amendment in IGST rate on specified handicraft items WEF 01.01.2022

Notification No. 20/2021-Integrated Tax (Rate), [G.S.R. 899(E)] 28/12/2021

Amendment in IGST rate on specified handicraft items WEF 01.01.2022 vide Notification No. 20/2021-Integrated Tax (Rate), Dated: 28.12.2021 by amending Notification No. 22/2018-Integrated Tax (Rate), dated the 26th July, 2018. MINISTRY OF FINANCE (Department of Revenue) New Delhi, the 28th December, 2021 Notification No. 20/2021-Integrate...

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Amendment in CGST rate on specified handicraft items WEF 01.01.2022

Notification No. 20/2021-Central Tax (Rate), [G.S.R. 898(E)] 28/12/2021

CBIC notifies Amendment in CGST rate on specified handicraft items WEF 01.01.2022 vide Notification No. 20/2021-Central Tax (Rate) Dated 28th December, 2021 by amending Notification No. 21/2018-Central Tax (Rate), dated the 26th July, 2018 MINISTRY OF FINANCE (Department of Revenue) New Delhi, the 28th December, 2021 Notification No. 20/2...

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UTGST: Amendment in list of exempt goods wef 01.01.2022

Notification No. 19/2021-Union Territory Tax (Rate), (G.S.R. 897(E)) 28/12/2021

UTGST: CBIC notifies amendment in list of exempt goods wef 01.01.2022 vide Notification No. 19/2021-Union Territory Tax (Rate), Dated: 28.12.2021 by amending Notification No. 2/2017- Union Territory Tax (Rate), dated the 28th June, 2017 MINISTRY OF FINANCE (Department of Revenue) New Delhi, the 28th December, 2021 Notification No. 19/2021...

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IGST: Amendment in list of exempt goods wef 01.01.2022

Notification No. 19/2021-Integrated Tax (Rate), [G.S.R. 896(E)] 28/12/2021

IGST: CBIC notifies amendment in list of exempt goods wef 01.01.2022 vide Notification No. 19/2021-Integrated Tax (Rate), Dated: 28.12.2021 by amending  Notification No. 2/2017-Integrated Tax (Rate), dated the 28th June, 2017 MINISTRY OF FINANCE (Department of Revenue) New Delhi, the 28th December, 2021 Notification No. 19/2021-Integrat...

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Position of Legal Heirs and Nominees under Various Statutes

INTRODUCTION During a person’s lifetime, he may make several investments by way of investing in shares, opening bank accounts and making fixed deposits, purchasing insurance policies, contributing towards employees’ provident fund and acquiring immovable property. A question that naturally arises is what happens to these investments a...

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Posted Under: Income Tax |

Excise Duty was not leviable on supply of concrete mix

Ambit Concrete (P) Ltd. Vs Commissioner, Central Tax Goods, Service Tax and Central Excise (CESTAT Allahabad)

What had been manufactured and supplied by assessee was ‘concrete mix’, which was not dutiable. Revenue had not brought any facts on record in support of its allegation of manufacture of RMC by assessee. Therefore, ‘concrete mix’ manufactured by assessee was not dutiable under Central Excise Act....

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