This guide explains the complete PSARA License process, including fees, documentation, timelines, and state-wise requirements. The key takeaway is that obtaining a PSARA License is mandatory for legally operating a private security agency in India.
The article explains that ITC eligibility under Section 16 can still be denied by the overriding provisions of Section 17(5). It highlights the importance of examining statutory restrictions before claiming GST credit.
The Telangana High Court held that if a taxpayer files an appeal within the prescribed period along with the statutory pre-deposit, recovery proceedings should not be initiated. The ruling reinforces the protection available to assessees during the appeal process under the GST law.
The Telangana High Court held that if an appeal is filed within the prescribed period along with the statutory pre-deposit, recovery proceedings should not continue. The key takeaway is that taxpayers are protected from coercive recovery while availing their appellate remedy.
The Tribunal held that deduction of tax under Section 194J cannot automatically classify receipts as professional income. Tax authorities must independently examine the nature of services before denying the benefit of Section 44AD. The matter was remanded for fresh assessment.
The Kerala High Court ruled that businesses could distribute common ITC through cross-charge without obtaining ISD registration before April 1, 2025. The decision quashed GST demand and penalty, emphasizing that mandatory ISD registration applies only prospectively.
The Mumbai ITAT held that no separate addition for alleged bogus purchases was warranted where contract receipts were accepted, substantial gross profit had already been disclosed, and there was no evidence of cash being returned to the assessee.
The Court held that retention of seized cash beyond six months is illegal if the extension order under Section 110(2) of the Customs Act is not communicated to the affected person within the statutory period. The ruling reinforces that procedural safeguards protecting taxpayers cannot be ignored.
Mumbai ITAT noted that the rejection of registration under Section 12AB solely due to the absence of an express irrevocability clause in the trust deed no longer survived after subsequent registration was granted.
Understand the key rules governing ITC claims under GST, including eligibility conditions, blocked credits, GSTR-2B reconciliation, and common compliance pitfalls.
