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Archive: 19 December 2023

Posts in 19 December 2023

No addition u/s 69A in absence of ownership of money and evidence concerning cash

December 19, 2023 3897 Views 0 comment Print

Addition under section 69A on account of actual cash arranged/paid by assessee to HKA was available with the assessee was not justified as “ownership” of money had not been recorded in the books of account and AO had made only presumption that the said cash was ‘available with the assessee’ without bringing on record any material in support thereof.

Re-gasification services for Liquified Natural Gas (LNG) constitute job work

December 19, 2023 558 Views 0 comment Print

Explore the GST ruling for Dhamra LNG Terminal Private Limited on re-gasification services. Learn about classification, applicable rates, and implications for GST.

Unutilized ITC of Compensation Cess – Retention or Reversal – AAR cannot give ruling

December 19, 2023 1812 Views 0 comment Print

Explore the GST ruling for National Aluminium Company Ltd. on Compensation Cess for unutilized ITC on coal purchases. Learn about the implications and next steps.

Cabinet Committee Approves 18 Judicial, 22 Accountant Member Appointments for ITAT

December 19, 2023 2415 Views 0 comment Print

ntroduction: The Appointments Committee of the Cabinet, under the Ministry of Personnel, Public Grievances & Pensions, has recently sanctioned the appointment of 18 Judicial Members and 22 Accountant Members for the Income Tax Appellate Tribunal (ITAT). This move, aimed at reinforcing the ITAT with qualified individuals, carries implications for the judicial and financial landscape of […]

Introduction of UPI TAP & PAY mode of payments

December 19, 2023 639 Views 0 comment Print

Discover the latest in UPI payments with NPCI’s groundbreaking UPI Tap & Pay. Learn how this new mode simplifies transactions, enhances security, and boosts convenience.

Madras HC Upholds Taxpayer’s Refund Right: Inverted Duty Structure Ruling

December 19, 2023 960 Views 0 comment Print

Explore the Madras High Court’s ruling upholding a taxpayer’s right to a refund under the Inverted Duty Structure when input tax is erroneously charged by the supplier at a higher rate. Understand the legal perspective, implications, and the significance of this precedent

Section 16(4) of CGST Act – Why It May Never Be Struck Down

December 19, 2023 17487 Views 2 comments Print

Explore constitutional validity of Section 16(4) of CGST Act upheld by courts. Analysis on vested rights, impossibility doctrine, and potential impact on businesses.

Soy Protein Nuggets Classifiable under HSN Code 35040091

December 19, 2023 222 Views 0 comment Print

CAAR ruled that Supro Nuggets 570 G IP- Soy Protein Nuggets derived from plant source and containing relatively high protein levels, Classifiable under HSN Code 35040091

MEMS Microphone classifiable under HS Code 85181000

December 19, 2023 306 Views 0 comment Print

Explore detailed analysis of classification of MEMS Microphones in order issued by Customs Authority of Advance Ruling, Delhi. Learn about application, technical features and legal considerations.

ODU Controller PCB classifiable under HSN Code 84159000: CAAR

December 19, 2023 348 Views 0 comment Print

Read the full text of the customs ruling by CAAR Delhi on Blue Star Limited’s application for ODU Controller PCB classification under the Customs Tariff Act. Explore the detailed analysis and conclusion.

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