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Archive: 22 April 2022

Posts in 22 April 2022

Live Course on Appeal, Pleading & Drafting under GST by CA Sachin Jain

May 15, 2024 6501 Views 0 comment Print

oin us for an immersive live course led by renowned expert CA Sachin Jain, as we delve into the intricacies of appeal, pleading, and drafting under GST.

Reopening u/s 148 permissible in case of receipt of huge cash deposit vis-à-vis non-filing of ROI

April 22, 2022 4920 Views 0 comment Print

Vanditbhai Rajendrakumar Patel Vs ITO (ITAT Ahmedabad) Facts- The brief facts of the case were that as per AIR information, the Ld. Assessing Officer came know that the assessee had received cash deposits of Rs. 25,21,100/-in saving bank account maintained with Corporation Bank. To verify cash deposits, letter dated 10-02-2017 was served on the assessee, […]

SVLDRS: Payment made but re-credited back due to technical glitches- HC directs Petitioner to make representation to jurisdictional designated committee

April 22, 2022 1077 Views 0 comment Print

Tvl. Jai Guru Cables Vs Principal Chief Commissioner of GST and Central Excise (Madras High Court) Heard the learned counsel for the writ petitioner and the learned standing counsel for the respondents. 2. The petitioner was running a Cable T.V. business. He had suffered an adverse assessment order vide order in Original No.MAD-CEX-000-ASC-021-11 dated 26.12.2011. […]

HC stays recovery of GST on royalty paid on account of excavation of sand for brick

April 22, 2022 3852 Views 0 comment Print

Shree Basant Bhandar Int Udyog Vs Union of India (Rajasthan High Court at Jodhpur) Learned counsel for the petitioner has submitted that as per the decision of the Hon’ble Supreme Court rendered in the case of India Cement Ltd. Etc. Vs. State of Tamil Nadu Etc., reported in AIR 1990 SC 85, the royalty is […]

ITR 2 – Validation Rules for AY 2022-23

April 22, 2022 31986 Views 13 comments Print

Income Tax Department Government of India Central Board of Direct Taxes, e-Filing Project ITR 2 – Validation Rules for AY 2022-23 Version 1.0 20th April 2022 Directorate of Income Tax (Systems) E-2, A.R.A. Centre, Ground Floor Jhandewalan Extension New Delhi – 110055 Document Revision List Document Name: ITR 2 – Validation Rules for AY 2022-23 Version […]

ITR 1 – Validation Rules for AY 2022-23

April 22, 2022 16485 Views 0 comment Print

Income Tax Department Government of India Central Board of Direct Taxes, e‑ Filing Project ITR 1 – Validation Rules for AY 2022-23 Version 1.0 19th April 2022 Directorate of Income Tax (Systems) E-2, A.R.A. Centre, Ground Floor, Jhandewalan Extension New Delhi – 110055 Purpose The Income Tax Department has provided free return preparation software in […]

Piyush Goyal urged CMAs to ensure quality production by industry & help boost India’s exports

April 22, 2022 804 Views 0 comment Print

Shri Piyush Goyal calls upon the Cost & Management Accountants to ensure quality production by industry and help boost India’s exports Exports is the virtuous circle of prosperity that we have to focus upon, says Shri Goyal. A strong and stable Rupee will be for the “wider good” of foreign trade; Shri Goyal. “As the […]

GST Payable on transfer of business if transfer is not as going concern

April 22, 2022 14436 Views 0 comment Print

In re Cosmic Ferro Alloys Limited (GST AAR West Bengal) Questions Raised Whether transfer of an unit by the applicant with all the assets including taking over all the liabilities by the purchaser for a lump sum consideration would amount as supply of goods or supply of services and whether the transaction would be covered […]

HC explains time limit for passing order under Section 92CA (3) R.W. Section 153

April 22, 2022 5205 Views 0 comment Print

DCIT Vs Saint Gobain India Private Limited (Madras High Court) In the present cases, the Financial Year is 2015-16 and the assessment year is 2016-17. The period of 21 months would commence on 31.03.2017, the assessment year ended on 31.12.2018 normally and the extended period would end on 31.12.2019 and not on 01.01.2020. The contention […]

Central Excise Officer empowered to adjust only unpaid adjudicated dues

April 22, 2022 687 Views 0 comment Print

KEC International Limited Vs Commissioner (CESTAT Delhi) From a plain reading of the provisions of Section 11(1) of Central Excise Act, I find that the Central Excise Officer is empowered to adjust only the unpaid adjudicated dues. As Section 11(1) also empowers the Central Excise Officer to recover the dues, even by way of attachment […]

E- Invoice under GST

April 22, 2022 10344 Views 0 comment Print

E-Invoice or electronic Invoice is a system in which B2B/ Credit Note/ Debit Note & Exports Invoices are authenticated electronically by GSTIN portal. Said Invoices are transmitted to GSTIN portal & an Identification Number will be issued against the Invoice which is known as ‘Invoice Reference Number’ or ‘IRN’ Number.

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