"January, 2023" Archive - Page 150

Provisional attachment orders under GST have a life span of only one year

Greenfinch Team Management P. Ltd Vs Union of India (Telangana High Court)

Section 83 of the CGST Act mandating that a provisional attachment order would have a life span of only one year from the date of the order made under sub-section (1). After expiry of a period of one year, such provisional attachment would cease to have effect....

Cancellation of GST registration – HC grants one more opportunity to petitioner

Valentine Events Vs Union Of India (Telangana High Court)

HC held that as the issue pertains to cancellation of GST registration of the petitioner, it would be just and proper if one more opportunity is granted to the petitioner....

HC release goods & conveyance subject to payment of Tax, Penalty & Furnishing of Bond

Virani Tradelink Vs State of Gujarat (Gujarat High Court)

Detention of goods & conveyance - interaction, interplay and inter se application of Section 129 and Section 130 of CGST Act, 2017...

Person, who’s case is based on falsehood, has no right to approach the court

Jambudwip Exports And Imports Limited Vs State of U.P (Allahabad High Court)

A person, who's case is based on falsehood, has no right to approach the court. He can be summarily thrown out at any stage of the litigation....

ITC availment without actual receipt of goods – HC allowed bail to accused

Vaibhav Ghanshyambhai Pragada Vs State of Gujarat (Gujarat High Court)

Seeking grant of Regular bail - Firms availed ITC on the basis of invoices received without actual receipt of goods from 7 registered entities...

GST Rate Changes From 1st January 2023

No GST is payable where the residential dwelling is rented to a registered person if it is rented it in his/her personal capacity for use as his/her own residence and on his own account and not on account of his business....

GST Circular 183-12-2022 in relation to Confirmation & Certification

1. The CBIC after taking into consideration the practical difficulty faced by the taxpayers, provides clarification to deal with the difference in Input Tax Credit (ITC) availed in FORM GSTR-3B as compared to that detailed in FORM GSTR-2A for FY 2017-18 and 2018-19 vide circular no. 183/15/2022 dated 27.12.2022 2. The said circular provid...

Different GST returns filed by taxpayer with due dates

All registered Taxpayers are required to file GST returns. The tax return forms known as GST returns should be filed by companies to the Income Tax authorities of India. The GST return is filed monthly, quarterly and annually, depending upon which GST return you are filing. In this blog let us study the different GST return to be filed by...

Social Audit: An effective tool for Corporate Governance

The G-20 summit recently proposed a Social Audit by the Security Exchange Board of India (SEBI) as part of their agenda. This proposed social audit would examine various aspects of the corporate sector such as their transparency with regards to financial disclosure and accountability, corporate governance and fiduciary accountability, soc...

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