Navi Mumbai CGST arrests one person for availing and passing on fake ITC on bogus invoices amounting to Rs 181.67 Crores On 7th September 2022, the Director handling the business activities of M/s Robosteel Trading Pvt. Ltd. (GSTIN:AACCR8701J1Z8) has been arrested by CGST, Navi Mumbai on the charges of availing/utilizing/passing on fake Input Tax Credit (ITC) […]
CGST Mumbai South Commissionerate busts Rs. 142 Crore fake GST invoice racket One person arrested in the case Officers of CGST Mumbai South Commissionerate have busted a fake GST invoice racket, which was used to pass on fake GST Input Tax Credit (ITC) of Rs. 27.80 crore on invoices of Rs 142 Crore, and have […]
Held that as there was no material on the basis of which Sessions Court could have summoned any of the accused. The summoning order was rightly set aside.
Sunny Rock Estates & Developers Pvt. Ltd Vs DCIT (ITAT Kolkata) Income earned during the year by the assessee is on inter-corporate deposit with Williamson Services Ltd. as interest income. We also note that assessee has consistently reported its earning of interest income from ICDs, as business income which has been accepted by the Department […]
Explore key insights from the 47th GST Council Meeting held on June 28-29, 2022. Learn about changes in the inverted duty structure, taxation on renting residential dwellings, healthcare services, pre-packaged goods, and other significant recommendations. Stay informed on the latest GST rates, trade facilitation measures, and deferred matters. Get a comprehensive overview for better compliance and understanding of the evolving GST landscape.
However at times it is difficult to understand law. And there comes a very important theory of Interpretation of Statues. Modern laws are drafted by draftsmen having domain expertise in the field of law, and it is expected that the law should leave no or little room for interpretation or construction. But the reality is far from the expectation.
Understand the Sexual Harassment of Women at Workplace Act, 2013. Learn about the definition, Internal Complaints Committee (ICC), Local Complaints Committee (LCC), and the process to file a complaint. Protecting women’s rights and dignity at work.
Bail granted after considering various factors like applicant already paid INR 54.09 Crores; the amount of INR 196,57,02,539/- is already seized by the department; applicant has already spent more than 8 months in jail; applicant has not previous criminal history; etc.
Held that the training fee paid by the assessee to a professional trainer doesn’t amount to Fees for Technical Services and hence TDS u/s 195 not deductible
Held that show cause notice to initiate proceedings u/s. 201(1) is issued on 20.11.2012 which is beyond four years with respect to assessment years 2007-08 & 2008-09. Accordingly, interest levied u/s 201(1A) unsustainable.
