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Archive: 18 August 2023

Posts in 18 August 2023

GST Amendment Bills To Levy GST On Online Gaming

August 18, 2023 3621 Views 0 comment Print

Stay informed on the latest GST Amendment Bills! Explore key insights from the 50th and 51st GST Council meetings, focusing on the taxation of online gaming, horse races, and casinos. Get updates on proposed amendments, valuation methods, and the expected enforcement date of October 1, 2023. Learn about the CGST (Amendment) Bill, 2023, and IGST (Amendment) Bill, 2023, providing clarity on online gaming definitions, registration requirements, and more. Dont miss out on crucial details impacting the online gaming industry.

Latest Case Law Related to IBC – April to June 2023

August 18, 2023 1785 Views 0 comment Print

Latest Case Law Related to IBC – April to June 2023: Explore significant Supreme Court and NCLAT judgments impacting the Insolvency and Bankruptcy Code. Key cases include Sanket Kumar Agarwal & Anr. vs. APG Logistics, Mars Remedies Pvt. Ltd. vs. BDH Industries, Moser Baer Karmachari Union vs. Union of India, M.K. Rajagopalan vs. Dr. Periasamy Palani Gounder, Vistra ITCL (India) Ltd. vs. Dinkar Venkatasubramanian, and more. Stay updated on legal developments in IBC jurisprudence. 

Understanding e-Invoicing: Definition, Process and Key Terms

August 18, 2023 504 Views 0 comment Print

Learn about e-Invoicing, its process, and key terms like IRP, IRN, AATO, and more. Explore the world of electronic invoicing and its impact on GST compliance.

Trading with Power: Discovering the Best Brokers for MetaTrader 4

August 18, 2023 717 Views 1 comment Print

Do you want to take your trading to the next level? Investing in stocks and currencies requires skill, knowledge, and a good broker. With MetaTrader 4 software, traders can automate their trades, optimize their strategies for greater profits, and access real-time market data. But with so many brokers offering MetaTrader 4 as an option, it cannot be easy to find one that is right for you.

Rule 20 of CESTAT Rules permits Tribunal to dismiss appeal on non-appearance of assessee

August 18, 2023 837 Views 0 comment Print

CESTAT Allahabad held that in terms of rule 20 of CESTAT (Procedure) Rules, 1982 in case appellant doesn’t appeal when the appeal is called on for hearing, the Tribunal may, dismiss the appeal for default.

Saving clause u/s 174(2)(e) of CGST Act permits initiation of proceedings under service tax post 01.07.2017

August 18, 2023 4080 Views 0 comment Print

Uttarakhand High Court held that saving clause under section 174(2)(e) of the Central Goods and Services Tax Act permits the initiation of proceedings under service tax post 01.07.2017 i.e. post repeal of the Service Tax regime

Electricity not being goods as per KVAT is not taxable

August 18, 2023 495 Views 0 comment Print

Kerala High Court held that ‘electricity’ is not goods as per definition of goods u/s 2(xx) of the Kerala Value Added Tax Act, 2003 (KVAT) accordingly not exingible to tax under KVAT.

Supply of rolling stock not taxable in India as transfer of title took place outside India

August 18, 2023 498 Views 0 comment Print

ITAT Delhi held that the receipts from offshore supply of rolling stock (train sets) cannot be taxable in India as the transfer of title over the goods has taken place outside India.

TPO order passed after time limit prescribed u/s 92CA is barred by limitation

August 18, 2023 3087 Views 0 comment Print

ITAT Mumbai held that as per section 92CA of the Income Tax Act, TPO can pass the order at any time before 60 days prior to the date on which period of limitation referred u/s 153 expires. TPO order passed after the prescribed time limit is non-est and barred by limitation.

Site formation activity before sell of land is taxable under ‘Site formation and clearance service’

August 18, 2023 903 Views 0 comment Print

CESTAT Chennai held that site formation activity done after obtaining General Power of Attorney (GPA) but before selling the land is leviable to service tax under the category of ‘Site formation and clearance service’.

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