Explore SEBI’s latest master circular for REITs, consolidating regulations and guidelines for effective real estate investment trust management. Stay compliant.
Input Tax Credit (ITC) availed by the petitioner was reversed due to the disparity between their GSTR 3B returns and the auto-populated GSTR 2A. However, considering the minor nature of the discrepancy and to ensure fairness, the court deemed it just and necessary to grant the petitioner an opportunity to contest the tax demand on its merits.
In the Navbharat Boilers vs Assistant Commissioner case, Madras High Court sets aside an order for wrongful ITC claim, mandates 10% pre-deposit for reconsideration.
Service Tax demands for residential complexes were set aside when the units were developed for personal use by the members of co-operative societies. This principle was upheld in various judgments cited by Saumya Developers, indicating that no Service Tax was payable on residential units created for personal use.
CESTAT Ahmedabad held that option to avail or not avail Cenvat credit could be exercised on a contract-by-contract basis. Tribunal further clarified that centralised registration did not affect availment of benefits under notifications in question.
Durga Trading Company case vs. The Additional Director General sees the Delhi High Court address a 14-year delay in adjudicating a Show Cause Notice.
Explore the case of Snapdeal Ltd. vs. ACIT, involving a dispute over the tax treatment of business promotion expenses. Detailed analysis of ITAT Delhi’s decision provided.
Analysis of the case DCIT vs. KCJ Buildtech Pvt. Ltd. (ITAT Delhi) reveals jurisdictional errors due to the company’s strike off from ROC records.
Explore the scope of supply under GST, focusing on liquidated damages, compensation, and penalties arising from breaches of contract or legal provisions.
Understand the significance of personal hearings in faceless assessments as mandated by a recent Allahabad High Court judgment. Get insights into the implications for taxpayers.
