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Archive: 15 June 2024

Posts in 15 June 2024

HC set-aside SCN & Form GST REG 31 for lacking details of officer issuing SCN

June 15, 2024 2463 Views 0 comment Print

Delhi High court in Rajkumar Singhal v. Goods and Services Tax Network held that SCN and Form GST REG 31 liable to be set aside when SCN lacks officer details issuing SCN and supporting documents and is not in compliance with Rule 21A of the CGST Rules.

Taxation of Surplus from Zero-Coupon NCDs: Interest or Capital Gains?

June 15, 2024 1269 Views 0 comment Print

Understand the tax implications of surplus on redemption of zero-coupon NCDs: Is it interest income or capital gains? Learn from recent rulings and expert analysis.

Officer not considered GST & Interest Payment: HC set-aside order & directs reconsideration

June 15, 2024 411 Views 0 comment Print

Madras High Court remits Amici Design vs State Tax Officer case for reconsideration due to non-consideration of GST payment with interest. Read the full judgment.

Service Tax on GTA Invalid Without Consignment Note: CESTAT Delhi

June 15, 2024 483 Views 0 comment Print

CESTAT Delhi rules that service tax under GTA cannot be demanded without a consignment note, protecting businesses like Vaishnav Marbles from undue tax burdens.

Share Allotment at Concessional Price is Oppressive to Existing Members: NCLT

June 15, 2024 351 Views 0 comment Print

Full text of the NCLT Mumbai judgment in Ajay Tajpuriya vs Goel Ganga Infrastructure case. Detailed analysis of the order concerning oppression and mismanagement.

ITAT Delhi allows provision for warranty expenses despite lack of past experience & scientific basis

June 15, 2024 480 Views 0 comment Print

ITAT Delhi rules in favor of Grey Orange India Pvt. Ltd., allowing income tax deduction on warranty expenses. Detailed analysis of the ITAT order and implications.

No service Tax under GTA category if appellant was not issuing consignment notes

June 15, 2024 393 Views 0 comment Print

CESTAT Delhi rules service tax exemption for providing vehicles on hire to GTA. Detailed analysis of the Manak Chand Agarwal vs CGST case.

Attachment Without Notice Under CGST Section 74 is Inappropriate: P&H HC

June 15, 2024 696 Views 0 comment Print

Punjab & Haryana High Court deems attachment proceedings initiated without notice under Section 74 of the Central GST Act as unjustified. Read the full judgment here.

MP HC Dismisses IT Dept’s Appeal on Bogus LTCG  on penny stock script

June 15, 2024 741 Views 0 comment Print

MP High Court dismisses the Income Tax Dept’s appeal against Gopal Tayal, upholding ITAT’s decision on alleged bogus penny stock LTCG claim. Read full judgment.

Incorrect GST calculation- Taxpayer not responded SCN: HC directs re-adjudication 

June 15, 2024 297 Views 0 comment Print

Madras HC remands Jinvar Trading Co. case due to GSTR 3B vs. GSTR 1 mismatch caused by 36% GST calculation error. Review and personal hearing granted.

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