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Archive: 20 February 2024

Posts in 20 February 2024

Live Course on How to Reply to GST Notices & SCN & to Fake ITC Notices?

April 29, 2024 8205 Views 0 comment Print

Join our live course to learn expert strategies for replying to GST notices, SCNs, and fake ITC notices. Understand litigation nuances, evidence insights, and practical tips for effective responses. Register now!

Join Live Webinar and get Book on Section 43B(h)

April 29, 2024 5262 Views 1 comment Print

Live Webinar with Book on Section 43B(h) (Financial Fitness) on 10th May 2024, 6:00 pm to 8:00 pm. CA Manoj Lamba will break down intricacies of Section 43B(h)

Service tax not paid before return due date disallowable under section 43B

February 20, 2024 2091 Views 0 comment Print

Explore the ITAT Bangalore decision in the Hubli Electricity Supply vs. DCIT Circle-1(1) case for the assessment year 2010-11. Analysis of TDS, service tax, and more.

ITAT Corrects Misinterpretation of Section 80G(5) Proviso by CIT(E): Assessee’s Timely Application for Final Registration Upheld

February 20, 2024 1125 Views 0 comment Print

Dive into the ITAT Kolkata order on West Bengal Welfare Society’s appeals against rejection of registrations under sections 12AA and 80G of the Income Tax Act.

Mangala Borosan & Mangala G1 classifiable under Chapter Heading 28332990

February 20, 2024 288 Views 0 comment Print

AAR Andhra Pradesh rules on GST classification of Mangala Borosan and Mangala G1, determining their appropriate tariff under Chapter Heading 2833 29 90.

TDS not deductible On Sum Which Was Not Chargeable To Tax In India: Delhi HC

February 20, 2024 1161 Views 0 comment Print

CIT Vs Mitsubishi Corporation India P. Ltd (Delhi High Court) The Delhi High Court deliberated on an appeal concerning Assessment Year (AY) 2006-07, where the Income Tax Appellate Tribunal (ITAT) had made decisions impacting the applicability of Section 40(a)(i) of the Income Tax Act, 1961, in relation to the Double Tax Avoidance Agreements (DTAAs) between […]

GST leviable on export of pre-packaged and labeled rice up to 25 Kgs

February 20, 2024 462 Views 0 comment Print

Get insights from the AAR Andhra Pradesh on GST levied on pre-packaged rice export. Detailed analysis of GST applicability for exports and domestic sales.

Delay of more than 3000 days in Appeal filing: ITAT Chennai dismisses appeal

February 20, 2024 465 Views 0 comment Print

Adithya Ferro Alloys Pvt Limited Vs ITO (ITAT Chennai) Adithya Ferro Alloys Pvt Limited (the assessee) filed appeals for various quarters of Assessment Years (AY) 2013-14 & 2014-15 against fees levied under section 234E by the TDS, CPC for late filing of quarterly TDS returns. The appeals were delayed by more than 3000 days, leading […]

GST applicable on brokerage of agricultural produce & Broker liable to Register

February 20, 2024 1335 Views 0 comment Print

In re Gayatri Enterprises (GST AAR Andhra Pradesh) The question of Goods and Services Tax (GST) applicability on the brokerage of agricultural produce has been a matter of uncertainty for entities operating within this domain. In a significant ruling, the Authority for Advance Rulings (AAR) in Andhra Pradesh addressed this issue, providing much-needed clarity. M/s. […]

Ind AS 116 Leases: Comprehensive Guide for Financial Reporting

February 20, 2024 1932 Views 0 comment Print

Unlock the essentials of Ind AS 116, covering recognition, measurement, and disclosure of leases to improve financial transparency and compliance.

Analysis of Ind AS 115, Revenue from Contracts with Customers 

February 20, 2024 1410 Views 0 comment Print

Ind AS 115, Revenue from Contracts with Customers provides a comprehensive framework for recognizing revenue from contracts with customers. The standard has a five-step approach that entities must follow to recognize revenue.

GST Council Newsletter for the month of January 2024

February 20, 2024 1743 Views 0 comment Print

Explore the key provisions of Finance Bill 2024, including mandatory ISD registration, penalties for unregistered machines, and updates on GST revenue. Get insights into the impact on taxpayers

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