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Archive: 15 June 2023

Posts in 15 June 2023

Guidelines for processing of applications for GST registration by Proper Officer

June 15, 2023 4053 Views 2 comments Print

Understand the guidelines for processing GST registration applications by Proper Officers. Avoid rejection with clear documentation, matching details, and complying with risk assessments. Explore the benefits of Aadhaar authentication and expedite the physical verification process. Stay informed and compliant to ensure a smooth GST registration process.

Amnesty Schemes Under GST Expiring on 30th June 2023

June 15, 2023 4857 Views 3 comments Print

Learn about reduced late fee for filing GSTR-4, GSTR-9, and GSTR-10 for earlier periods between July 2017 and March 2019. Find out the conditions, reduced fee amounts, and the deadline for filing within April-June 2023.

81 FAQs on Statutory Powers of Central Vigilance Commission (CVC)

June 15, 2023 1410 Views 0 comment Print

Learn about the statutory powers of the Central Vigilance Commission (CVC) in India. Explore the history, establishment, vision, and mission of the CVC, its organization structure, powers under the CVC Act, and its superintendence over the Central Bureau of Investigation (CBI).

GST: Writ cannot be entertained when alternate remedy is available

June 15, 2023 876 Views 0 comment Print

Madras High Court rejected the writ filed by the petitioner and instructed the assessee to pursue an appeal before the Appellate Authority. The High Court further directed the Appellate Authority to expedite the proceedings and resolve the case promptly.

Refund of service tax allowed to real estate buyers on cancellation of contract

June 15, 2023 1824 Views 0 comment Print

CESTAT, Mumbai granted a refund claim for service tax to a real estate developer on behalf of an unregistered customer. The customer had paid the service tax along with an advance payment but, due to certain circumstances, the real estate purchase contract was subsequently cancelled.

All about Term Insurance

June 15, 2023 1497 Views 0 comment Print

In a world where your financial security matters, imagine having a product that can provide for your loved ones even when you’re no longer around. That’s where term insurance comes into play. It acts as a financial replica of yourself, ensuring that your family is protected in the event of your passing.

AO obliged to refer matter to valuation officer when appellant objects to adoption of stamp duty value as full value of consideration

June 15, 2023 609 Views 0 comment Print

ITAT Mumbai held that when appellant objects to the adoption of stamp duty value in terms of section 50C(1) of the Income Tax Act as full value of consideration, AO is under obligation to refer the matter to the valuation officer under section 50C(2) of the Income Tax Act.

Anonymous donations and explanation thereof needs re-verification for claiming exemption u/s 10(23C)(iiiad)

June 15, 2023 396 Views 0 comment Print

ITAT Kolkata remanded the matter back to AO for the purpose of verification of documents and materials placed on record in respect of anonymous donations as well as the explanation for receipt of hall rent and accommodation so as to allow the claim of exemption u/s. 10(23C)(iiiad) of the Act.

Employees’s share in relevant funds should be deposited before due date for claiming deduction u/s 36(1)(va)

June 15, 2023 519 Views 0 comment Print

ITAT Delhi held that the deduction u/s 36(1)(va) of the Income Tax Act can be allowed only if the employees’ share in the relevant funds is deposited by the employer before the due date stipulated in respective Acts.

Used Rails falls under CTH 7302 and not CTH 7204

June 15, 2023 1092 Views 0 comment Print

CESTAT Ahmedabad held that classification under 7204 for ‘used rails’ declared as Heavy Melting Scrap is improper and the product is correctly classifiable under Heading 7302.

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