"21 October 2022" Archive

Advisory on sequential filing of GSTR-1

Press Release No. 559 21/10/2022

Sequential filing of GSTR-1 & filing of GSTR-1 before GSTR-3B on GST Portal 1. The Central Government has amended Section 37 & Section 39 of Central Goods & Service Tax Act (CGST), 2017 vide Notification No. 18/2022–Central Tax dated 28th September, 2022 with effect from 01 October, 2022. According to section 37(4) of CGST, ...

ITC (Input Tax Credit) – Table 4 of GSTR-3B

Learn how to report ITC in Table 4 of GSTR-3B without changing auto-populated figures from GSTR-2B. Stay compliant with the latest amendment....

FAQ’s on filing of Income Tax Returns (ITR)

Troubleshooting FAQs on filing Income Tax Returns (ITR) - Find solutions for common errors and issues encountered during the online filing process....

SC explains charitable purpose & advancement of general public utility

ACIT Vs Ahmedabad Urban Development Authority (Supreme Court)

ACIT Vs Ahmedabad Urban Development Authority (Supreme Court) In these batch of appeals and special leave petitions, the primary question which falls for consideration is the correct interpretation of the proviso to Section 2(15) of the IT Act introduced by amendment w.e.f. 01.04.2009. It is necessary, at this stage, to notice that the I...

CCI imposes monetary and non-monetary sanctions on MakeMyTrip, GoIbibo & OYO

Federation of Hotel & Restaurant Associations of India (FHRAI) Vs MakeMyTrip India Pvt. Ltd. (MMT) (Competition Commission of India)

CCI imposed monetary as well as behavioral sanctions on MMT-Go for abusing its dominant position and also for having anti-competitive arrangement with OYO. Monetary penalty is also imposed on OYO for its anti-competitive arrangement with MMT-Go vide which MMT-Go delisted the competitors of OYO from its online portals in 2018....

CCI imposes monetary penalty of ₹ 1337.76 crore on Google for abusing dominant position

Umar Javeed Vs Google LLC (Competition Commission of India)

CCI imposes a monetary penalty of Rs. 1337.76 crore on Google for anti-competitive practices in relation to Android mobile devices...

Limitation & restriction should be considered for valuation of shares for gift tax: SC

Deputy Commissioner of Gift Tax Vs BPL Limited (Supreme Court of India)

Supreme Court held that the valuation of shares for the purpose of gift tax needs to take into consideration the limitations and restrictions....

Late Fees, Interest, threat to levy penalty or to initiate prosecution – Tax Terrorism

People are held hostage in a cyber-world with ransom in the form of Late Fees and Interest and a threat to levy penalty or to initiate prosecution. No other words better describe the situation than the term Tax Terrorism....

No violation of competition law if ONGC Blacklist tenderer for 2 years for not adhering to terms

Ravinder Singh Bawa Vs Oil And Natural Gas Corporation Limited (Competition Commission of India)

Ravinder Singh Bawa Vs Oil And Natural Gas Corporation Limited (Competition Commission of India) The moot question that arises for consideration is whether ONGC had sufficiently indicated its requirements upfront while issuing the tender in question so as to enable interested bidders to assimilate and factor such requirements while placin...

CCI order investigation against IREL (India) for alleged abuse if its dominant position

Beach Mineral Producers Association Vs IREL (India) Ltd (Competition Commission of India)

Beach Mineral Producers Association Vs IREL (India) Ltd (Competition Commission of India) The Commission notes that, until 1988, beach sand mining was restricted to the public sector owing to coexistence of monazite, a heavy mineral used for the production of thorium. Realising the untapped potential in the beach sand minerals sector, the...

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