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Archive: 22 May 2022

Posts in 22 May 2022

Live Course on How to Reply to GST Notices & SCN & to Fake ITC Notices?

April 29, 2024 7377 Views 0 comment Print

Join our live course to learn expert strategies for replying to GST notices, SCNs, and fake ITC notices. Understand litigation nuances, evidence insights, and practical tips for effective responses. Register now!

Join Live Webinar and get Book on Section 43B(h)

April 29, 2024 5133 Views 1 comment Print

Live Webinar with Book on Section 43B(h) (Financial Fitness) on 10th May 2024, 6:00 pm to 8:00 pm. CA Manoj Lamba will break down intricacies of Section 43B(h)

No Penalty for Clandestine removal in absence of cogent evidence

May 22, 2022 5637 Views 0 comment Print

Charge of clandestine removal and duty evasion was a serious charge having civil consequences upon the assessee. Such charge could not be confirmed unless there was sufficient corroborative evidence which lead to the inevitable conclusion of clandestine removal and only on the basis of third party evidence the charge of clandestine removal was not sustainable.

Basics of Banking: Reconciliations in bank branches & Inter Office Transactions

May 22, 2022 14568 Views 0 comment Print

Learn the basics of banking: reconciliations in bank branches and inter-office transactions. Understand how to resolve suspense and sundry deposit accounts.

Supreme Court’s Gavel Strikes – No GST on Ocean freight under RCM in CIF contract – Part II

May 22, 2022 4074 Views 0 comment Print

Understanding the Supreme Courts decision on GST on ocean freight under RCM in CIF contracts. Learn about the legal background and implications.

Supreme Court’s Gavel Strikes – No GST on Ocean freight under RCM in CIF contract – Part I

May 22, 2022 4626 Views 0 comment Print

Understanding the recent Supreme Court decision on GST applicability in CIF contracts for ocean freight transportation – Part I

Permission for reassessment cannot be sought by AO u/s 56 of UP VAT Act, 2008

May 22, 2022 4320 Views 0 comment Print

Section 56 of the U.P. VAT Act would reveal that the section has wide power, but seeking of permission by the assessing authority for making reassessment of the dealer is not conferred under the said provision.

Representation against beyond law use of power by GST officer

May 22, 2022 7380 Views 0 comment Print

Beyond law use of power by GST officer to diffuse the objective of make in India and ease of doing business by creating tax terrorism.

Whether NCLT an Appropriate Forum for Resolving Inter-se Disputes of Partners of LLP

May 22, 2022 4023 Views 1 comment Print

Delhi High Court held that inter se disputes between partners of an LLP are required to be tried as a commercial suit in terms of the Commercial Courts Act, 2015 and the National Company Law Tribunal (NCLT) is not the appropriate forum for deciding such disputes.

SC deprecates practice of Insurance Companies to deny genuine & lawful claims of Insured on technical & flimsy grounds

May 22, 2022 8055 Views 1 comment Print

Gurmel Singh Vs Branch Manager National Insurance Co. Ltd. (Supreme Court of India) It is common knowledge that the Insurance Companies deny the genuine & lawful claims of the Insured on technical & flimsy grounds. Be it vehicle loss/accidental claims or health insurance claims or theft/fire claims, the insurance companies design ways/devices/ruse to fizzle out from their […]

Whether a Lesssor Would be a Financial Creditor or Operational Creditor Under IBC Laws: SC

May 22, 2022 2220 Views 0 comment Print

Understanding the difference between financial and operational creditors under IBC laws: Supreme Court ruling explained.

Pea protein merit classification under subheading 21061000

May 22, 2022 1737 Views 0 comment Print

In re Anshul Life Sciences (CAAR Mumbai) CAAR rule that pea protein merit classification under subheading 21061000 of the first schedule of the Customs Tariff Act, 1975. FULL TEXT OF ORDER OF CUSTOMS AUTHORITY OF ADVANCE RULING, MUMBAI M/s. Anshul Life Sciences, 401, 4th Floor, Jagdamba House, Peru Baug, Goregaon East, Mumbai- 400063 filed an […]

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