"05 August 2023" Archive

CBIC Notifies Rule 88D for Dealing with ITC Differences

Under Rule 88D, the GST portal will now compare the ITC available in GSTR-2B with the ITC availed in GSTR-3B. If the ITC availed in GSTR-3B exceeds the ITC available in GSTR-2B by the prescribed amount and percentage recommended by the council, the taxpayer will receive an electronic intimation of the difference through Part A of Form DRC...

Shahil Traders Vs State of U.P.: E-way Bills and Goods Ownership

Shahil Traders Vs State of U.P. (Allahabad High Court)

Read judgment of Allahabad High Court in Shahil Traders Vs State of U.P., discussing E-way bills and goods ownership, leading to quashing of penalty and detention orders....

ITC disallowed on major repairs to the Housing Societies

Understand the availability of Input Tax Credit (ITC) under GST regulations for repair works in co-operative housing societies. Learn about the restrictions and implications for major repair activities....

NSDL IPO: Draft Red Herring Prospectus & Vision Unveiled

Discover NSDL's revolutionary vision through its Draft Red Herring Prospectus for the upcoming IPO. Explore the digital era of secure financial assets management with the largest depository in India....

Data collection/ analysis, manpower mobilization, training supervision not classifiable as Management Consultancy Service

Verve Consulting Private Limited Vs Commissioner of Central Excise & Service Tax (CESTAT Kolkata)

CESTAT Kolkata held that data collection and analysis, manpower mobilization, liaison, training supervision cannot be classified under ‘Management Consultancy Service’ and hence demand of service tax set aside....

Rule 88D: A new regulation for dealing with GSTR-3B v GSTR-2B differences

In-depth analysis of Rule 88D - the new regulation for handling differences in GSTR-3B v GSTR-2B, including its effects on taxpayers....

Understanding FEMA Regulations for NRIs & Residents Lending

A detailed overview of FEMA guidelines governing borrowing and lending between NRIs/OCIs and Indian residents. Be informed and avoid legal pitfalls....

A Comprehensive Guide on How to Pass CA Final Exam in 2023-24

Unlock success in the CA Final exam with this comprehensive guide for 2023-24. Explore strategies, study plans, time management tips, practice with previous years' papers, consider coaching institutes, revision techniques, online resources, healthy lifestyle practices, and stay positive. This roadmap ensures a disciplined and effective ap...

Technical objections should not obstruct substantive justice under GST laws

JEM Exporter Vs Union of India (Bombay High Court)

Insights on the JEM Exporter vs Union of India case, where the Bombay HC overturned the denial of input tax credit due to procedural errors....

Education Sector: On the blind side of Labour Laws

Explore the classifications of Indian labour laws, the concept of 'industry' within them, and the implications for educational institutions and teachers' rights....

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