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Archive: 18 September 2022

Posts in 18 September 2022

Custom Duty on alloy containing gold & platinum – All that Glitters is Not Gold

September 18, 2022 11289 Views 0 comment Print

The Customs Department have recently started obstructing all the imports of alloy containing gold and platinum across the country and have created a ruckus in the industry since these are sensitive items whose rates fluctuate on a daily basis.

HC directs GST Department to unblock Input Tax Account

September 18, 2022 1470 Views 0 comment Print

Jai Matadi Enterprises Vs Commissioner of State Tax (Bombay High Court) In this case ITC was blocked in case of 10 suppliers, by Invoking GST Rule 86A. Bombay High Court vide interim order directed GST Department to unblock the Input Tax Credit Account. FULL TEXT OF THE JUDGMENT/ORDER OF BOMBAY HIGH COURT 1.Ms.  Vyas seeks […]

Accommodation entries- Bogus Billing- Shell Companies – HC upheld addition

September 18, 2022 3111 Views 0 comment Print

PCIT Vs Arshia Global Tradecom Private Limited (Calcutta High Court) In the case on hand the reassessment proceedings, the assessee was unable to justify the genuineness of the transactions. The assessee failed to produce original cash memos and bills for the sales alleged to have been effected and to substantiate the cash deposit into their […]

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