The Madras High Court admitted writ petitions challenging a GST demand arising from the classification of logistics services as intermediary services. Holding that the issue required detailed consideration, the Court stayed further recovery proceedings subject to a deposit of Rs.1.80 crore.
The Court held that the delay in e-verification of Form 10B during the pandemic was supported by bona fide reasons. It ruled that denying exemption on technical grounds would cause genuine hardship.
The Court held that producing an accused before a Magistrate in another State without obtaining transit remand rendered the detention illegal. The ruling underscores the mandatory nature of procedural safeguards in GST-related arrests.
The High Court set aside the order rejecting ITC after finding that the taxpayer s case required examination under Section 16(5) of the CGST Act. The matter was remanded for fresh consideration.
This article explains the advance tax provisions under the Income-tax Act, including liability thresholds, exemptions, and instalment due dates. It also outlines how taxpayers can revise advance tax payments when income estimates change.
This article outlines major offences under the Income-tax Act that may result in prosecution, including tax evasion, non-payment of TDS/TCS, and furnishing false statements. It also highlights exceptions and safeguards available in certain situations.
The Delhi ITAT held that the full value of unaccounted sales cannot automatically be treated as taxable income. It restricted the addition to an estimated profit element of 3% on the sales detected during the search.
This article explains the statutory powers of the Principal Commissioner or Commissioner to waive or reduce penalties in genuine cases. It highlights the conditions, procedures, and limitations governing relief under Sections 273A and 273AA.
The Code on Wages, 2019 requires that excluded salary components should not exceed 50% of total remuneration. Employers may need to restructure pay packages, increasing PF and other statutory benefit calculations while affecting take-home salary.
The Goods and Services Tax (GST) regime in India aims to establish a transparent and efficient indirect tax system. Despite the self-assessment mechanism and technological integration, disputes may arise between taxpayers and tax authorities regarding assessments, classifications, input tax credits, penalties, refunds, and other GST-related matters. To ensure fairness and provide remedies against adverse decisions, […]
