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HC grants bail to person accused of GST evasion of Rs. 7.56 Crore

April 28, 2022 2109 Views 0 comment Print

Vimal Yashwantgiri Goswami Vs State of Gujarat (Gujarat High Court) The details of the tax evasion of the respective accused arraigned in the complaint, reveal that the total tax evasion of the applicant’s Company Heugo Metal is shown as Rs.4,51,05,130/- which is less than 5 crores. It is further revealed that the tax liability of […]

Clarification regarding final withdrawal of PF for International Workers (IWs)

April 27, 2022 1596 Views 0 comment Print

An audit observation has been brought to the notice of the Head Office regarding settlement of claims for final withdrawal of PF in respect of IWs who are from countries not having a Social Security Agreement with India (Non-SSA Countries), along with some grievances on the subject.

Transactions not regarded as transfer – CBDT notifies List of 150 Countries

April 27, 2022 1248 Views 0 comment Print

Section 47 of Income Tax Act, 1961 deals with transfers which are not regarded as transfer under Income Tax and vide Notification No. 46/2022-Income Tax | Dated: 27th April, 2022 notified list of 150 Countries for clauses (viiac) and (viiad) of section 47 of the Income-tax Act, 1961. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD […]

Extension of Date for Mandatory electronic filing of Non-Preferential CoO till 01.08.2022

April 27, 2022 1767 Views 0 comment Print

it is informed that the transition period for mandatory filing of applications for Non-Preferential Certificate of Origin through the e-CoO Platform has been further extended till 01st August 2022.

Framework for FinTech Entity in IFSCs

April 27, 2022 2805 Views 0 comment Print

This framework shall apply to all eligible Domestic or Foreign entities, desirous of obtaining authorization as FinTech Entity (FE) from International Financial Services Centres Authority (IFSCA), for participating in or undertaking one or more of the permissible activities under this framework.

Jharkhand  HC grants interim protection from GST payment on mining royalty & allied charges

April 27, 2022 3345 Views 0 comment Print

Mandhan Minerals Corporation Vs Union of India (Jharkhand High Court) HC considered the submissions of learned counsel for the parties on the prayer for interim relief on the levy of GST on royalty /DMF. On consideration of the rival pleas in the canvass of facts and the legal propositions advanced by them, it is clear […]

Hospital not a charitable entity if it collects fees from patients who can afford 

April 27, 2022 6813 Views 1 comment Print

Institute of Franciscan Missionaries of Mary Vs Commissioner (Madras High Court) Merely because the petitioner is having certain out reach programmes which may be charitable in nature or that a section of patients are given free treatment would not automatically render the petitioner a charitable hospital. It would not mean that an exemption from payment […]

Jurisdiction for audit department to issue a notice called spot memo

April 27, 2022 4755 Views 0 comment Print

Ideal Unique Realtors Private Limited Vs Union of India (Calcutta High Court) From the records placed before us, we find that none of the proceedings initiated by the department has been shown to have been taken to the logical end. If, according to the respondents department, there is an irregularity in the availment of credit, […]

SCN for Cancellation of GST Registration cannot be vague

April 27, 2022 2406 Views 0 comment Print

Sanwariya Impex Vs State of Gujarat (Gujarat High Court) High Court observed that in this case Show cause notice and impugned order cancelling GST Registration are as vague as anything. The issue is covered by  decision of this Court in the case of Aggarwal Dyeing and Printing Works vs. State of Gujarat & 2 Ors., […]

Goods & Vehicles should not be detained merely for mistake in selection of ODC vehicle type while generating e-Way Bill

April 27, 2022 7434 Views 0 comment Print

Dhabriya Polywood Limited Vs Union of India (Gujarat High Court) The short point for our consideration is whether, in fact, it was a bona fide mistake on the part of the writ applicant, or whether it was a mischievous act with a view to derive some illegal benefit, as asserted by Mr. Sharma, the learned […]

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