Section 34(2) of CGST Act allows a supplier to issue a credit note to adjust the taxable value or tax payable in case of: Post-supply discounts, ,Returns of goods, or Deficiencies in services.
Kerala High Court directs authorities to refund excess property tax paid by Synthetie Industries Ltd, setting a two-month deadline for compliance.
Delhi HC orders release of Rolex watch, criticizes Customs for relying on standard waiver forms, citing lack of due process in detention.
ICMAI issues guidelines on firm name usage, tender submissions, and branch office management. Non-compliance may result in disciplinary action.
ICMAI issues an advisory against unauthorized associations, communications, and petitions affecting its governance and integrity. Disciplinary actions apply.
Madras High Court rules that procedural delay in filing GST appeals should not lead to dismissal if statutory requirements, including pre-deposit, are met.
RBI directs regulated entities to comply with updated UNSC sanctions list under UAPA, 1967, removing one individual from restrictions.
ITAT Mumbai allows compensation for contract breach as business expense, dismisses revenue’s appeal on advance additions in Logical Properties case.
CESTAT Delhi overturns ₹10 lakh penalty under Rule 26(1), citing the absence of confiscation, a key requirement for imposing penalties under the Excise Rules.
ITAT Ahmedabad remands case due to incorrect notice delivery, allowing reassessment of unexplained deposits and income under natural justice principles.
