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Archive: 03 October 2024

Posts in 03 October 2024

FSSAI Draft Regulations: New Standards for Milk Fat, Fermented Milk Products & Haleem Labeling

October 3, 2024 1179 Views 0 comment Print

FSSAI proposes amendments to food safety regulations, inviting public feedback within 60 days. Changes include standards for milk fat and Haleem preparation.

Matter of under declaration of output tax due to mismatch of GSTR-01 and GSTR-09 remanded back

October 3, 2024 867 Views 0 comment Print

The petitioner has filed the present petition, inter alia, impugning an order dated 13.04.2024 passed under Section 73 of the Central Goods and Services Tax Act, 2017 and the Delhi Goods and Services Tax Act, 2017 for the financial year 2018-19.

Talented Students from Marginalized Groups Must Not Be Abandoned: SC

October 3, 2024 483 Views 0 comment Print

SC directs IIT Dhanbad to admit an SC student who missed the deadline due to financial hardship, exercising its powers under Article 142 of the Constitution.

Appeal preferred against assessment order hence order of attachment and garnishee impermissible

October 3, 2024 4752 Views 0 comment Print

Andhra Pradesh High Court held that continuation of order of attachment and Garnishee impermissible since petitioner has preferred an appeal against the assessment order and has paid 10% of the disputed tax as required under section 107 of the CGST Act.

Delhi HC directed to apply for refund for coerced payment made during search

October 3, 2024 837 Views 0 comment Print

The petitioners prays that directions be issued to the respondents to refund an amount of ₹22,00,000/-, which the petitioners claim that they were coerced to deposit during the course of search conducted by the respondents.

Matter regarding denial of ITC u/s. 16(4) of CGST Act remanded back in terms of Finance Act, 2024: Madras HC

October 3, 2024 891 Views 0 comment Print

Madras High Court held that matter regarding denial of Input Tax Credit (ITC) u/s. 16(4) of the CGST Act is remanded back in terms of Clauses 114 and 146 of the Finance (No.2) Bill, 2024 and enacted in the Finance Act, 2024.

Imposing Interest for Late GSTR-3B Filing Without Adequate Opportunity is Untenable

October 3, 2024 378 Views 0 comment Print

Madras High Court held that imposition of interest for belated filing of GSTR-3B return without affording sufficient opportunity is unjustifiable and hence the order set aside and matter is remanded back for fresh consideration.

Deduction u/s. 80P(2)(d) available to co-op society for funds deposited in co-op banks: ITAT Ahmedabad

October 3, 2024 744 Views 0 comment Print

ITAT Ahmedabad held that co-operative society is entitled for deduction under section 80P(2)(d) of the Income Tax Act for funds deposited in co-operative banks. Accordingly, action of AO set aside.

FSSAI Proposes Draft Food Safety Regulations for Milk Producers

October 3, 2024 810 Views 0 comment Print

FSSAI proposes amendments for milk producers’ licensing, focusing on hygiene, safety standards, and digitization for improved food safety measures.

No Additional ITC Benefits for “Ireo Waterfront” Post-GST; Anti-Profiteering Proceedings Dropped

October 3, 2024 483 Views 0 comment Print

Competition Commission of India has dropped anti-profiteering proceedings against Ireo Waterfront Pvt. Ltd, confirming no additional ITC benefits post-GST.

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