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Assessee must respond to SCN, raise all grounds & pursue appeal if aggrieved: Bombay HC

October 18, 2024 1200 Views 0 comment Print

Bombay High Court ruled that assessee must respond to SCN and seek alternate statutory appeals if aggrieved. Writ petitions should not be entertained prematurely.

Recent Important amendments in the CGST Rules

October 18, 2024 13011 Views 0 comment Print

Explore recent changes in CGST rules, including updates on input tax credit claims, invoice timelines, tax deductions, refund procedures, and compliance requirements.

Budgetary Support Scheme Not affected by Promissory Estoppel: J&K HC

October 18, 2024 903 Views 0 comment Print

J&K High Court dismissed plea by Sudhir Power Ltd. challenging withdrawal of Budgetary Support Scheme, stating no violation of doctrines of promissory estoppel or expectations.

Unless ITC is both availed and utilized, interest cannot be levied: Calcutta HC

October 18, 2024 7158 Views 0 comment Print

Calcutta HC rules interest cannot be levied if Input Tax Credit (ITC) is availed but not utilized. Judgment clarifies ITC reversal process and Section 50(3) of CGST Act.

Assessee Allowed to File Rectification Petition for Credit Availed Under Wrong Head

October 16, 2024 2772 Views 0 comment Print

Madras High Court directs rectification for IGST claimed under the wrong head in GSTR-3B due to clerical error, allowing the taxpayer to resubmit the petition.

Time of Supply for HAM Contract: Invoice or Payment Date, Madras HC

October 13, 2024 1302 Views 0 comment Print

Madras High Court clarifies that tax liability under HAM contracts arises on invoice issuance or payment receipt, not upon project completion.

Motor Vehicle Parts Classified Under HSN 8708, Attracting 28% GST: AAAR Andhra Pradesh

October 13, 2024 6990 Views 0 comment Print

AAAR confirms that motor vehicle parts are classified under HSN 8708, attracting a GST of 28%, ensuring clarity on car seat cover taxation.

No GST on Extra Neutral Alcohol Used in Manufacturing Alcoholic Liquor for Human Consumption

October 11, 2024 5487 Views 1 comment Print

The GST Council has exempted Extra Neutral Alcohol from GST for liquor production, addressing dual taxation issues in the Indian alcoholic beverages industry.

Non-Recovery of GST based on General Practice

October 11, 2024 2289 Views 0 comment Print

Explore Section 11A of the CGST Act, clarifying GST non-recovery due to common practices and its implications for taxpayers.

Supreme Court Reaffirms Royalty is Not a Tax, Dismisses Review petition 

October 10, 2024 2670 Views 0 comment Print

The Supreme Court upheld that royalty payments to the government are not taxes, dismissing a review petition against a 2024 ruling involving Steel Authority of India.

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