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Archive: 11 January 2024

Posts in 11 January 2024

GST Tax Rate for Rental/Leasing of Industrial Equipment with Operators

January 11, 2024 1113 Views 0 comment Print

Ventair Engineers gets clarity from GST AAR Telangana on tax rates for industrial equipment leasing. Detailed analysis of HSN codes and applicable rates.

RFCL falls under Section 51(1)(d) of CGST Act as a PSU: AAR Telangana

January 11, 2024 693 Views 0 comment Print

The first question posed to the AAR was whether RFCL can be classified as a notified person under Section 51 of the CGST Act, read with Notification No. 33/2017 dated 15th September 2017. The AAR ruled in the affirmative, acknowledging that RFCL falls under Section 51(1)(d) as a Public Sector Undertaking (PSU).

Addition based on GP Rate: ITAT reduces addition from 2.26 Crore to 2 Lakh

January 11, 2024 4560 Views 0 comment Print

Tribunal concluded that the enhancement of the sale amount and the application of a higher GP rate of 3.25% lacked justification. The resultant addition of Rs. 2,26,41,521/- was deleted. However, to cover possible income leakage, an ad hoc addition of Rs. 2,00,000/- was allowed.

X-MAS: Streamlining Customs License Processes at Jawaharlal Nehru Custom House

January 11, 2024 996 Views 0 comment Print

Explore the streamlined license registration process at Jawaharlal Nehru Custom House with X-MAS software. Learn how to submit documents online for Advance Authorisation and EPCG schemes

No statutory set off or insolvency set off was applicable to CIRP under IBC

January 11, 2024 717 Views 0 comment Print

Statutory set off or insolvency set off was not applicable to Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016 (IBC).

Hiring of motor vehicles/ cranes doesn’t attract Sales Tax or VAT

January 11, 2024 678 Views 0 comment Print

Supreme Court held that contract involving hiring of motor vehicles/ cranes, without transfer of right to use, is not covered by provisions of Sales Tax Act or the VAT Act.

Secured creditor will have first charge over state/ central government

January 11, 2024 843 Views 0 comment Print

Gujarat High Court held that charge in favour of secured creditor would precede over the unsecured creditor. Thus, secured creditor will have first charge over the property as against State Government (crowns debt).

Writ Petition Not Entertainable as alternative remedy of appeal is available: Andhra Pradesh HC

January 11, 2024 387 Views 0 comment Print

Smt Gali Lavanya challenges tax order in Andhra Pradesh HC. Court deems writ petition not maintainable due to available appeal. In-depth analysis and directives.

GST Registration Can’t be Retrospectively Canceled Due to Non-Filed Returns

January 11, 2024 4251 Views 0 comment Print

Delhi High Court examines GST registration cancellation with retrospective effect. Non-filing of returns analyzed. In-depth judgment analysis and directives.

Comprehensive Guide on How to File RTI Applications in India

January 11, 2024 1425 Views 0 comment Print

Empower yourself with the Right to Information Act in India. Learn how to file RTI applications online, understand fee payment modes, and access crucial government information.

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