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Archive: 09 December 2022

Posts in 09 December 2022

Case Analysis – CIT vs. Shri Thakur Das Bhargava, 1960

December 9, 2022 1668 Views 0 comment Print

The Income Tax Act, 1961 deals essentially with the imposing of taxes, exemptions and procedure to be followed therewith. The income that is accrued or deemed to accrue on the tax payer is the tax income and the application and diversion of income are two fundamental yet confusing concepts in the Indian Tax law. Also, both of these are court made concepts.

Higher sales in GSTR-1 and lower tax liability in GSTR-3B

December 9, 2022 17334 Views 0 comment Print

Menace of fake billing whereby seller was showing higher sales in FORM GSTR-1 to enable a purchaser to claim ITC but report suppressed sales in FORM GSTR-3B to lower GST liability.

GST registration restored which was cancelled without due service of Show Cause Notice

December 9, 2022 990 Views 0 comment Print

HC set aside order cancelling GST Registration on the grounds that SCN was not duly issued for cancellation of registration by State Tax Officer.

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