The Court clarified that for GST purposes, place of supply is determined by where goods reach the buyer, not where ownership changes. Supplies involving inter-state movement remain inter-state even if title passes earlier.
The High Court held that inter-State supplies remain taxable under IGST where goods are delivered outside the State. Contractual clauses on transfer of title cannot override Section 10(1)(a) of the IGST Act.
Taxpayers who applied the old ₹3 lakh limit can still correct the mistake by revising their return. Revision before the deadline is the quickest way to secure refunds under the enhanced ₹25 lakh exemption.
Explore why some national currencies stay strong in 2025, driven by trade surpluses, oil wealth, currency pegs, low inflation, and central bank reserve strategies.
The case addressed GST demands raised through orders uploaded on the portal without proof of access. The Court ruled such orders were not effectively communicated. Matters were remanded after setting aside the demands, subject to partial deposit.
Automated risk alerts are delaying income-tax refunds without clear reasons. The law allows withholding only through statutory processes, not internal analytics.
Courts examine whether writ jurisdiction can override strict GST appeal timelines. Relief is possible only in rare cases of serious injustice, not as a routine bypass.
Use a days calculator to track GST, ITR, TDS, and ROC deadlines in India. Calculate exact days for tax compliance and avoid penalties.
ITAT Kolkata held that ownership, transfer, and transaction resulting into profit from business or profession and capital gain in respect of joint development agreement needs more verification. Accordingly, matter remanded back for fresh adjudication.
Discover why the ITAT consistently overturns tax additions founded solely on bank entries and how proper enquiry and evidence are critical for assessments.
