Madras HC quashes impugned CGST order due to service issues and grants petitioner a fresh hearing opportunity to address grievances.
Orissa High Court orders re-evaluation of time-barred GST appeals following Notification No.53/2023-Central Tax, dated 2nd November 2023. Appeals to be reconsidered as per new Notification
Andhra Pradesh HC quashes GST demand order in Form GST DRC-07 due to non-adherence to 30-day response period prescribed under Section 61 of CGST Act 2017
Karnataka HC rules in favor of Mahantesh, directing refund of EMD after dispute over GST payment conditions in tender document. Full judgment details provided.
Kerala High Court rules that denying KVAT credit based on non-registration of a seller is unjust. Court directs credit for taxes remitted to State Exchequer.
IBBI imposes a Rs. 1 lakh penalty on Krishna Mohan Gollamudi for misuse of assets during CIRP, effective immediately. Details on the disciplinary action and findings.
Section 230(1) allows companies to propose schemes of arrangement, which the Tribunal can order meetings to consider. The section requires disclosure of the company’s financial status, auditor’s reports, and schemes approved by at least 75% of secured creditors.
The penal provisions relating to the imposition of penalty under the GST laws are neither novelty nor something strange or extraordinary. There is hardly any dispute or legal challenge to such provisions.
Author attempt a comparative analysis of the taxation of income earned from the Immovable property held for earning Long Term Capital Gain with the most Common Assets which have been taxed at higher rates for a very long time.
CAAR Mumbai rules foil balloons are classified under CTI 9505 90 90, while latex balloons fall under CTI 9503 00 20 for customs tariff purposes.
