Follow Us:

Archive: February, 2024

Posts in February, 2024

ITAT Levies Rs. 25,000 Cost Per Appeal on Delinquent Assessee Jet Airways

February 13, 2024 876 Views 0 comment Print

In light of ongoing NCLT insolvency proceedings, ITAT Mumbai orders Jet Airways to contribute Rs 25,000 to the Prime Minister Relief Fund, emphasizing the importance of compliance.

No Section 68 Additions Without Substantive Inquiry & Evidence, Mere Suspicions Insufficient

February 13, 2024 2361 Views 0 comment Print

Allahabad High Court upholds the deletion of an income tax addition under Section 68 for Paswara Papers Ltd., affirming the genuineness of the transaction.

No Penalty for Expired E-Way Bills if no Tax Evasion Intent: Allahabad HC

February 13, 2024 2805 Views 0 comment Print

Allahabad High Court orders refund of tax and penalty to Globe Panel Industries India Pvt Ltd, highlighting the lack of intent to evade tax due to an expired GST E-Way Bill.

Settlement in IBC Section 7 Proceedings Does Not Conclude Section 43 Actions: NCLT

February 13, 2024 1059 Views 0 comment Print

NCLT Mumbai clarifies in Black Rock Financial Services vs Piramal Capital case: Settlement or dropping Sec. 66 doesn’t end proceedings under Sec. 43 automatically.

GST on Transfer of Leasehold Rights, Upfront Premium & ITC Eligibility

February 13, 2024 15675 Views 0 comment Print

Clarification on GST for transferring leasehold rights, including upfront premium taxability and ITC eligibility, as ruled by AAR Uttar Pradesh.

Transfer of Leasehold Rights and GST on Noida Authority Allotted Land

February 13, 2024 5586 Views 0 comment Print

In re Fena Private Limited (AAR Uttar Pradesh) The Authority for Advance Ruling (AAR), Uttar Pradesh, examined the case of Fena Private Limited concerning the Goods and Services Tax (GST) implications on the transfer of leasehold rights of land allotted by the Noida Authority. The primary questions revolved around whether such a transfer constitutes a […]

Correct HSN Code and GST Rate for Sterilization Reels and Pouches

February 13, 2024 2859 Views 0 comment Print

Discover the correct HSN code and GST rate for sterilization reels and pouches as ruled in the case of Rups Medipack Private Limited by the GST AAR Uttar Pradesh.

E-Rickshaw GST Rate Advance Ruling application Withdrawn: AAR Update

February 13, 2024 1038 Views 0 comment Print

Bestway Agencies Pvt. Ltd. withdrew its AAR application on e-rickshaw GST rates following a CBIC clarification, rendering the request infructuous.

GST Exemption on 90-Year Lease Premiums: Conditional and Not Considered Sale of Land

February 12, 2024 7758 Views 1 comment Print

Discover the conditions under which 90-year lease premiums in NOIDA are GST exempt, based on the latest AAR ruling. Essential insights for developers.

AAR UP Clarifies GST on Printing Services for Educational Institutions

February 12, 2024 1651 Views 0 comment Print

AAR Uttar Pradesh provides clarity on GST implications for printing services supplied to educational institutions, offering guidance on exemptions.

Search Post by Date
July 2026
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031