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Archive: December, 2023

Posts in December, 2023

GST Interest: Patna HC directs AO to consider Substituted proviso in Section 50

December 18, 2023 1227 Views 0 comment Print

Patna High Court directs AO to reconsider interest charges in SYV Motors vs. State of Bihar under GST, citing retrospective amendment to Section 50.

SC Mandates Advocates to Verify Facts: Saumya Chaurasia’s Landmark Case

December 18, 2023 7773 Views 0 comment Print

In a landmark judgment, the Supreme Court mandates advocates to verify facts from case records, rejecting bail for Saumya Chaurasia in a money laundering case.

HC quashed order of service of notice through GST Portal to assessee whose Registration was cancelled before serving the same

December 18, 2023 16959 Views 0 comment Print

Service of notice for cancellation of GST registration through e-portal only without physical means was not valid as assessee could not open the e- Portal, due to cancellation of their GST registration and the respondent could expect assessee to know of the issuance of show cause notice or any other communications which were sent through e-Portal. 

Input Tax Credit condition prescribed u/s. 16(4) of CGST Act is constitutionally valid

December 18, 2023 49203 Views 0 comment Print

Calcutta High Court held that registered person is entitled to Input Tax Credit only if conditions prescribed u/s. 16(2) of the Central Goods and Services Tax Act, 2017 are fulfilled. It includes time limit imposed via section 16(4). Accordingly, held that section 16(4) is not violative of Article 300A of the Constitution of India.

Taxpayer should be permitted to correct inadvertent error in Form GSTR-1

December 18, 2023 8469 Views 0 comment Print

Bombay High Court held that department should permit to correct any bonafide, inadvertent error incurred while furnishing details in Form GSTR-1 particularly when department is aware that there is no loss of revenue.

ITC Conundrum: GST Law vs Insolvency & Bankruptcy Code

December 18, 2023 5715 Views 0 comment Print

Explore intricacies of Input Tax Credit (ITC) eligibility during corporate insolvency resolution. Analyze GST law vs Insolvency & Bankruptcy Code complexities in this detailed guide.

Startup India Initiative: A Comprehensive Guide to Registration & Benefits

December 18, 2023 4218 Views 0 comment Print

This article provides a detailed overview of startup registration under the Startup India initiative, elucidating the process, required documents, and the significant benefits it offers.

GST on recovery of road cutting charges from Jaipur Smart City Limited

December 18, 2023 1704 Views 0 comment Print

Jaipur Smart City Limited (JSCL) are covered under Governmental Authority as defined in the explanation to clause (16) of Section 2 of the IGST Act, 2017. The appellant are liable to pay GST on recovery of road cutting charges from M/s JSCL @18% (i.e. 9% CGST + 9% SGST.

Show Cause Notice Isn’t a Denial of Hearing: Madras HC

December 18, 2023 1305 Views 0 comment Print

Madras High Court dismisses a writ petition, emphasizing that a show cause notice is not a denial of hearing. Get insights on the case – Lakshmi Jalladianpettai Lakshmanan Vs ITO

RBI Designates Union Bank for Mauganj: New District in MP

December 18, 2023 900 Views 0 comment Print

RBI assigns Lead Bank role to Union Bank for Mauganj, a newly formed district in Madhya Pradesh. Details on the decision and its implications for the region.

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