R.S. Steel Manufacturers Vs ACIT (ITAT Ahmedabad) In this case Ld. CIT(A), it appears presumed that that the VAT receivable was very much available for set off as per the books of the assessee and as opposed to that claimed by it that it was not available for set off. We find that this finding […]
In re Vishnu Chemicals Limited (GST AAAR Andhra Pradesh) The tax invoice dated 01.04.2020 issued by the supplier of service for the rental service supplied for the period 01.04.2018 to 31.03.2019 is hit by the limitation for claiming ITC under Section 16(4) of the CGST/SGST Act, 2017. The appellant is not eligible to claim Input […]
Principal Commissioner Central Tax Vs Andhra Pradesh State Road Transport Corporation (GST AAAR Andhra Pradesh) The transaction of hiring/leasing of buses by the APSRTC to the Public Transport Division (PTD) of Government of Andhra Pradesh is eligible for exemption under Entry 22 of Notification No 12/2017 Central Tax (Rate). FULL TEXT OF THE ORDER OF […]
In re Siddartha Constructions (GST AAR Andhra Pradesh) The residential complex under discussion is meant for the employees of Andhra Pradesh High Grade Steels Ltd. (APHSL) and not for the use of the persons like Members of Parliament, State Legislature, Panchayats, Municipalities or other local authorities. Neither they belong to the persons holding any constitutional […]
In re Siddartha Constructions (GST AAR Andhra Pradesh) Andhra Pradesh Industrial Infrastructure Corporation Ltd. (APIIC) was formed in 1973 by GO No: 831 dated: 10.09.1973 issued by Government of Andhra Pradesh. As seen from the share holding ratios of the 41′ Annual Report for the years 2013-2014 as made available by APIIC website https://www.apiic.in, the […]
गुजरात हाईकोर्ट की फटकार के बाद आयकर विभाग की निर्णायक संस्था सीबीडीटी ने एफिडेविट सबमिट कर आश्वासन दिया कि करदाता की जो भी पोर्टल संबंधित समस्या है, उसका तुरंत निराकरण किया जावेगा. इस हेतु सीबीडीटी ने सरकार की तरफ से ईमेल आईडी भी कोर्ट के सामने रखे, जिस पर करदाता शिकायत कर सकता है और […]
Innovation and startups help drive a nation economy forward as a key engine of economic growth. The cycle of innovation is speeding up, and talented entrepreneurs are ready to take over and invent the next disruptive technologies. Raising the Capital Raising capital is typically one of the first issues a startup company will need to address, […]
Input tax credit means credit of ‘input tax’- Section 2(56) of the CGST Act, 2017. Input Tax Credit is the core concept of GST as GST is destination based tax. There are certain anomalies between the act and the rule which are creating practical problems in availing ITC. Input tax credit means credit of ‘input […]
Oracle Financial Services Software Limited Vs DCIT (Bombay High Court) Existence of the reason to believe that income chargeable to tax has escaped assessment is a jurisdictional condition for invoking the power under section 147 of the Act, 1961, both within and beyond a period of four years from the end of relevant assessment year. […]
Ravi Kumar Vs State of Telangana (Telangana High Court) Admittedly, petitioner was arrested on 27.11.2021 and custody of petitioner was also sought for five days and the only allegation against the petitioner is that being a Chartered Accountant, without verifying the Bills of Entry and economic rationale of such large payments from paper entities had […]
