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Archive: 13 April 2023

Posts in 13 April 2023

No service tax on right to use of Mining of natural resources (Sand) assigned before 01.04.2016

April 13, 2023 1920 Views 0 comment Print

Commissioner of CGST & Excise Vs Broad Son Commodities Private Limited (CESTAT Kolkata) The facts of the case are that the Government of Bihar awarded to the respondent the right to use mining of minerals, oil or gas in respect of sand ghats of Patna, Bhojpur and Saran of the State of Bihar. The right […]

MPVAT: HC directs Refund of pre-deposit with 6% Interest

April 13, 2023 1161 Views 0 comment Print

Mount Everest Breweries Ltd. Vs State of Madhya Pradesh (Madhya Pradesh High Court) The learned counsel for petitioner submitted that earlier the petitioner had filed a petition bearing W.P. No. 8560/2016 seeking quashment of the assessment order issued by the respondents for the assessment year 2012-13 for arbitrarily levy of tax on beer under residual entry […]

Assessee entitled to claim depreciation on goodwill

April 13, 2023 1542 Views 0 comment Print

Value of goodwill is amount paid over & above tangible assets and values assigned to other intangible assets – Depreciation allowed

GST refund denied as Exporter initially not mentioned name & GSTIN of supplier in shipping bill- HC directs reconsideration

April 13, 2023 1368 Views 0 comment Print

Gujarat HC quashes CGST appeal on refund denial. Orders fresh consideration by Appellate Authority. Apex Formulations Pvt Ltd. vs Union of India.

EPFO’s strategic move to safeguard retirement funds in booming Indian stock market

April 13, 2023 1794 Views 0 comment Print

EPFO has been facing criticism from some quarters over the performance of its ETF investments, which have lagged behind the broader market indices in recent years. This has led to calls for the EPFO to review its investment strategy and take steps to enhance its returns.

Reality behind Charges on UPI Payments

April 13, 2023 7149 Views 6 comments Print

Discover the reality behind charges on UPI payments. NPCI’s recent announcement clarified that direct bank-to-bank UPI transactions will remain free. However, fees may apply for prepaid instruments on merchant payments above Rs. 2000 from April 1, 2023. Stay informed about UPI changes. Source: NPCI Circular, UPI Payments, Digital Transactions, Payment Gateway Updates.

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