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HC allows manual application for Claim for Refund of Eligible excess ITC

February 15, 2023 1326 Views 0 comment Print

Tvl. Ramana Textiles Private Limited Vs Commissioner of State GST and Commercial Taxes (Madras High Court) The present Writ Petition has been filed seeking for a writ of Mandamus to direct the respondents to refund the eligible excess ITC amount for the month of January to March 2018, based on the petitioner’s application dated 13.02.2019 […]

Income Tax: Order directing Section 142(2A) special audit must be communicated to Assessee: SC

February 15, 2023 3276 Views 0 comment Print

SC held that order directing special audit under Section 142(2A)  of Income Tax Act, 1961 is required to be communicated to appellant-assessee, so as to know the reasons, and, if required, the assessee can choose to exercise the option to challenge the order. 

ICFAI entitled to Service Tax exemption on its educational programmes

February 15, 2023 948 Views 0 comment Print

An investigation was conducted upon ICFAI and its associates all over India, which resulted into issuance of multiple show cause notices proposing the demand of service tax along with applicable cess, interest and penalty, for the period of October 2007 to September 2009.

ITAT upheld Share Premium addition – 95% of such appeals are filed by Shell Companies

February 15, 2023 948 Views 0 comment Print

Arham Packaging Goods Pvt. Vs I.T.O. (ITAT Kolkata) Normally, we do not hesitate in adjourning the matters on the request of assessees but we find that it is a case of share application and share premium. There are large number of appeals pending on this issue before the Tribunal and out of them, 95% are […]

Anti-dumping Duty cannot be demanded on the basis of expired notification

February 15, 2023 801 Views 0 comment Print

Once a notification enforcing anti-dumping duty is expired and non-existent, such non-existent notification cannot be extended.

In Complete Address – Rs. 8 Lakh penalty imposed on Company & Officers

February 14, 2023 22743 Views 0 comment Print

Registrar of Companies, Gujarat issued a letter to the company but the letter returned back to this office with postal remark ‘In Complete.’ However, the address was mentioned as per master data of the company. Whereas, in view of the above, it is noticed that the company has not maintained its registered office of the […]

Enlistment of PSIA under Para 2.55 of Handbook of Procedure 2015-2020 -reg

February 14, 2023 798 Views 0 comment Print

03 Agencies are notified as PSIA, additional areas of operation for 04 existing PSIAs and additional instruments in respect of 07 existing PSIAs have also been notified.

GST & Compensation cess on monthly lease fees of pre-owned Cars

February 13, 2023 8154 Views 0 comment Print

In re Dream Road Technologies Pvt. Ltd (GST AAR Haryana) Q1. Whether GST Rate and HSN applicable to the monthly lease fees received from customers for leasing pre-owned Cars would be determined in accordance with serial no. 17 (viia) of Notification No. 11/2017-Central Tax (Rate) dated 28- 06-2017 read with Notification No. 08/2018-Central Tax (Rate) […]

GST on export of pre-packaged & labelled rice upto 25 Kgs to foreign buyer

February 9, 2023 2943 Views 1 comment Print

In re D D International Pvt. Ltd (GST AAR Haryana) 1. Whether GST would be leviable on export of pre-packaged and labelled rice upto 25 Kgs, to foreign buyer? Yes 1. Whether GST would be applicable on supply of pre-packaged and labelled rice upto 25 Kgs, to exporter on ‘bill to ship to’ basis i.e., […]

GST on composite supply of services by way of milling of wheat into flour (atta) to Food & Supplies Department

February 9, 2023 1179 Views 0 comment Print

In re Jai Lokenath Flour Mills Private Limited (GST AAR West Bengal) What is the value of supply of services provided by the applicant for conversion of wheat provided by the State Government into atta/ fortified atta, for distribution by the State Government through Public Distribution System and what is the rate of tax applicable […]

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