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Archive: 22 November 2023

Posts in 22 November 2023

Course on Mastering GST Sections Effortlessly with Memory Techniques!

November 28, 2024 10167 Views 0 comment Print

Simplify GST learning with memory techniques. Join live sessions, master CGST sections, and retain knowledge effortlessly. Register now for practical GST mastery!

IFSCA Circular: Implementation Guidelines for Anti-Terrorism Laws

November 22, 2023 372 Views 0 comment Print

Stay compliant with IFSCA Circular on Section 12A of WMD Act and Section 51A of UAPA. Learn the procedure for sanctions against entities. Read more

Rejection of Foreign Tax Credit unjustified as Form-67 filed before passing of final assessment order

November 22, 2023 1566 Views 0 comment Print

Madras High Court held that rejection of Foreign Tax Credit unjustified as Form-67, prescribed under Rule 128 of the Income Tax Rules, 1962, was not filed with income tax return but filed before passing of final assessment order.

Addition in hands of register owner of land unsustainable as sales and profit booked by real owner

November 22, 2023 693 Views 0 comment Print

ITAT Delhi held that addition in the hands of register owner, on the basis of AIR information without considering the fact that sales and profit thereon is booked by M/s. Parsvanath Developers Ltd. who are having real rights on the land, is unsustainable in law.

Service tax demand based on consolidated tax liability without specifying specific service unsustainable

November 22, 2023 855 Views 0 comment Print

CESTAT Chennai held that show cause notice not specifying specific service rather demanding service tax on consolidated tax liability makes the show cause notice indefensible. Accordingly, the demand raised thereon is liable to be set aside.

GST order passed without opportunity of personal hearing: HC directs fresh order

November 22, 2023 2166 Views 0 comment Print

The Honble High Court of Punjab and Haryana at Chandigarh. The petitioner is a dealer in textiles registered with the State Authorities. It availed input tax credit. Input tax credit was sought to be denied on the allegation that the supplier is non-genuine tax payer at bogus entities.

Problems Faced by Industries Due to Self-Made law by DGFT in filing Annual Report

November 22, 2023 1581 Views 0 comment Print

Explore hurdles faced by industries in filing DGFT’s annual reports, impacting businesses. Recommendations for DGFT to streamline process and alleviate burdens on companies.

Export of Services under FEMA: Regulations, Compliance & Benefits

November 22, 2023 3942 Views 0 comment Print

Regulations governing export of services under FEMA, including documentation, IEC codes, repatriation, and payment methods. Gain insights for seamless compliance and benefits.

Transitional Credit cannot be disallowed just by serving a summary of SCN

November 22, 2023 1029 Views 0 comment Print

Jharkhand High Court in the case of Aditya Medisales Ltd. v. State of Jharkhand allowed writ application for disapproving recovery notice. Transitional Credit cannot be disallowed just by a summary of Show Cause Notice.

Taxability of Corporate Guarantee: CESTAT’s Verdict Challenged in SC

November 22, 2023 1089 Views 0 comment Print

Dive into the legal battle over corporate guarantees’ taxability as Business Auxiliary Service. Explore the CESTAT’s decision, the Revenue Department’s stance, and the ongoing Supreme Court appeal.

GST Appeals – Amnesty Scheme

November 22, 2023 9858 Views 0 comment Print

GST Amnesty Scheme and appeals procedures available under CGST Act, 2017. Find out who can file appeals and maximum number of adjournments allowed.

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