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Archive: 23 September 2024

Posts in 23 September 2024

Calcutta High Court Sets Aside GST Order Due to Improper Notice

September 23, 2024 327 Views 0 comment Print

Calcutta High Court quashes GST demand as show cause notice was sent to outdated email. Case remitted for fresh hearing with proper notice.

4% SAD leviable as benefit of exemption notifications not available on imported garment accessories: CESTAT Bangalore

September 23, 2024 258 Views 0 comment Print

CESTAT Bangalore held that benefit of notification no. 20/2006 dated 01.03.2006 and notification no. 21/2012-Cus. dated 17.03.2012 not available in case of import of garment accessories. Accordingly, 4% SAD leviable.

जीएसटी इनवॉइस मैनेजमेंट सिस्टम (IMS) की समीक्षा

September 23, 2024 1821 Views 0 comment Print

करदाताओं के लिए जीएसटी चालान सत्यापन और जीएसटीआर-3बी फाइलिंग को सरल बनाने वाले 1 अक्टूबर, 2024 को लॉन्च होने वाले चालान प्रबंधन प्रणाली (आईएमएस) की खोज करें।

SEBI’s SOP for MIIs: Financial Disincentives for Technical Glitches

September 23, 2024 513 Views 0 comment Print

SEBI amends SOP for financial disincentives on MIIs due to technical glitches, removing individual penalties on MDs and CTOs. Focus shifts to institution accountability.

Refusal to Pay Maintenance to Flat Owners Association is Unjustified: Karnataka HC

September 23, 2024 3624 Views 0 comment Print

Karnataka HC rules refusal to pay maintenance unjustified in Shangrila Flat Owners Assn Vs Capt. Mohan Prabhu. Case highlights apartment owner obligations.

Comprehensive Guidance Note on GST Invoice Management System

September 23, 2024 1983 Views 0 comment Print

Learn about the GST Invoice Management System, its components, compliance requirements, and the impact on ITC and supplier liabilities under various scenarios.

Impact of Modern Technology on Bailment, Focusing on Digital Storage & Online Rental

September 23, 2024 624 Views 0 comment Print

Explore how technology transforms bailment through online rentals and digital storage, impacting operations, security, and user expectations.

Despite Scrutiny Assessment Reassessment Valid if Notice Issued Within Time Limit & if income escaped assessment

September 23, 2024 3075 Views 0 comment Print

Reopening of assessment was initiated before the lapse of four years, and there was no scope for interference with the Income Tax authorities’ reopening decision if escapement income was found.

SEBI Issues Master Circular on Securities Market Surveillance

September 23, 2024 564 Views 0 comment Print

SEBI releases updated Master Circular consolidating provisions for securities market surveillance, covering trading rules, insider trading, and unauthenticated news monitoring.

Exemption u/s 10(23C) Can’t Be Denied if AO Fails to Notify Authority on Contravention

September 23, 2024 324 Views 0 comment Print

Assessee had claimed a tax exemption under Section 10(23C)(vi) which allowed tax exemptions for educational institutions provided certain conditions prescribed by the Chief Commissioner of Income Tax (CCIT) were met.

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