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Archive: 15 March 2023

Posts in 15 March 2023

Transportation of goods without a valid e-way bill mandatorily attracts penalty

March 15, 2023 1980 Views 0 comment Print

Calcutta High Court held that penalty under section 129 of the West Bengal Goods and Services Tax Act, 2017 duly imposed for transportation of goods without a valid e-way bill.

Tariff Notification No. 14/2023-Customs (N.T.) Dated: 15.03.2023

March 15, 2023 2064 Views 0 comment Print

Tariff Notification No. 14/2023-Customs (N.T.) Dated: 15.03.2023– Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) New Delhi Notification No. 14/2023-Customs (N.T.) Dated: 15th March, 2023 S.O. 1237(E).—In exercise of the powers conferred by sub-section (2) of […]

Rejection of input service credit distributed by ISD on pretext that invoice doesn’t contain all particulars unjustified

March 15, 2023 1341 Views 0 comment Print

CESTAT Chennai held that input service credit when distributed by the Input Services Distributor (ISD), cannot be held as inadmissible on the pretext that such invoices did not contain all the particulars as required in terms of Rule 4A of CCR 2004.

Subsequent revisional order tends to be invalid as original re-assessment order passed invalidly

March 15, 2023 948 Views 0 comment Print

Orissa High Court held that when original re-assessment order was not passed validly, subsequent revisional order passed by PCIT is held to be invalid.

U.P. Trade Tax: Penalty proceedings initiated u/s 8(D)(6) untenable once tax liability was created on contractor

March 15, 2023 927 Views 0 comment Print

Allahabad High Court held that penalty proceedings initiated against a Government Institution for non-deduction of tax under section 8(D) of U.P. Trade Tax Act from amount payable to works contractor unsustainable as once the said contractor was assessed to tax creating tax liability on payment received from the Government Institution.

All about E- Form AOC-5 & amendment w.e.f. 23-01-2023

March 15, 2023 9207 Views 0 comment Print

Discover all about E-Form AOC-5 under the Companies Act, 2013, including its recent amendment effective from 23-01-2023. Learn steps for filing, required information, attachments, fees, and consequences of non-compliance.

Cookies- Balancing User Experience with Compliance in the Era of Data Privacy

March 15, 2023 1062 Views 0 comment Print

Learn how cookies balance user experience with compliance in the era of data privacy. Understand cookie policies, consent, and global regulations.

In absence of any remedy, as GST tribunal not constituted, matter of GST registration cancellation remanded for fresh decision

March 15, 2023 1608 Views 0 comment Print

Telangana High Court in the case of suo motu cancellation of GST registration due to non-filing of GST returns, remanded the matter for fresh decision as due to non-constitution of GST tribunal, petitioner is left without any remedy.

Interest on instalments refunded under IDS 2016 not payable as it was not voluntary tax payment

March 15, 2023 792 Views 0 comment Print

Jharkhand High Court held that instalments paid under Income Declaration Scheme, 2016 is allowed as refund. However, interest on the same is not payable as there was no voluntary payment of tax on self-assessment.

SEBI’s Transformation over the years

March 15, 2023 1224 Views 0 comment Print

Securities and Exchange Board of India (SEBI) established as a non-statutory body for regulating the securities market. It became an autonomous body and accorded statutory powers with the passing of the SEBI Act 1992 by the Indian Parliament.

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