CESTAT Delhi held that wrong classification of goods or claiming of ineligible exemption notification doesn’t amount to mis-declaration or mis-statement.
Bombay High Court held that CBDT Guidelines dated 14th June 2019 prescribing time limit for application for compounding of offence is contrary to provisions of section 279(2) of the Income Tax Act.
CESTAT Ahmedabad held that Heading No.3102 1000 of the ITC (HS) Policy 2009-2015 allows import of Urea through STC, MMTC and Indian Potash Limited. Hence, goods cannot be held liable to confiscation. Consequently, no penalty u/s 112 can be imposed.
GST: Show Cause Notice Can Still Be Issued U/S. 73 – No Bar Of Limitation Came Into Force For The Ay 2017-18 Under Notification No. 13/2022/05.07.2022
Understand the powers of GST officials regarding inspection, search, seizure, and arrest under Sections 67 to 72 of the CGST Act, 2017. Learn about the legality of cash seizure, property sealing, and depositing GST during searches. Stay informed with expert insights and recent court rulings.
CESTAT Ahmedabad held that imposition of penalty without granting an opportunity of being heard is against the principles of natural justice and accordingly cannot be sustained.
Stay updated on Form INC-22 changes in MCA V3 portal. Recent updates make documents, including director photos and office premises, compulsory. Comply with filing requirements within 30 days of change to avoid penalties. Understand the process and dos and don’ts for changing the registered office address. Learn the crucial role of company secretaries in ensuring compliance and smooth filing.
A Stock Exchange Or Stock Market Is A Physical Or Digital Place Where Investors Can Buy And Sell Stock, Or Shares, In Publicly Traded Companies. The Price Of Each Share Is Driven By Supply And Demand.
Gujarat High Court held that reopening of assessment sustainable on failure of true and full disclosure of demanded material on the part of the petitioner.
Every registered person shall, subject to such conditions and restrictions as may be prescribed and in the manner specified in section 49, be entitled to take credit of input tax charged on any supply of goods or services or both to him which are used or intended to be used in the course or furtherance of his business and the said amount shall be credited to the electronic credit ledger of such person.
