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Cenvat Credit Refund cannot be denied on Transition to GST

February 20, 2022 7566 Views 0 comment Print

Bharat Heavy Electricals Ltd. Vs Commissioner of GST & Central Excise (CESTAT Chennai) In this case here is no allegation raised by the department that the appellant is not eligible to avail credit of the duties / taxes paid on the inputs / input services. To put it more clearly, the appellant would be eligible […]

Deemed rent for unsold flats cannot be treated as Income of Developer

February 20, 2022 2874 Views 0 comment Print

ITAT Pune rules in favor of Ankit Enterprises, citing the treatment of unsold flats as stock-in-trade. Deemed rent addition not applicable.

CAAR closes application of ‘Jabil Circuit India Pvt. Ltd.’ for non-prosecution

February 19, 2022 1401 Views 0 comment Print

In re Jabil Circuit (CAAR Mumbai) As applicant has failed to submit the requisite information and express their willingness to appear for personal hearing, CAAR order that the said application of M/s. Jabil Circuit India Pvt. Ltd. shall be treated as closed on the ground of non-prosecution. FULL TEXT OF ORDER OF CUSTOMS AUTHORITY OF […]

HC allows Refund of IGST lying in Electronic Credit Ledger

February 18, 2022 3756 Views 0 comment Print

Writ applicant could be said to be entitled to claim the refund of the IGST lying in the Electronic Credit Ledger as there is no specific supplier who can claim the refund under the provisions of the CGST Act and the CGST Rules as Input Tax Credit is distributed by the input service distributor.

Inclusion in Second Schedule to RBI Act – Sikkim State Co-op Bank

February 18, 2022 696 Views 0 comment Print

We advise that the name of ‘Sikkim State Co-operative Bank Ltd.’ has been included in the Second Schedule to the Reserve Bank of India Act, 1934 vide notification DOR.RUR.No.S1627/19.51.025/2021-22 dated October 12, 2021 published in the Extraordinary Gazette of India (Part III – Section 4) dated January 18, 2022.

Request for Withdrawal of proposed 12% GST tax rate on textiles

February 18, 2022 6729 Views 1 comment Print

The Confederation of All India Traders “Vyapar Bhawan” 925/1, Naiwala, Karol Bagh, New Delhi-110005. Phone +91-11-43032664, Telefax: +91-11-45089665 E-mail: teamcait@gmail.com Website: www.cait.in   Ref. No.: 3178/1/51 18 February, 2022 Smt. Nirmala Sitharaman Hon’ble Minister for Finance Government of India New Delhi Dear Smt. Nirmala Sitharaman Ji, Subject : Withdrawal of proposed 12% GST tax rate […]

GST on Fair Trade Premium collected by association of farmers

February 18, 2022 3297 Views 0 comment Print

Whether farmers association, engaged in supply agricultural produce through concept of fair trade, is liable to pay GST on Fair Trade Premium

GST on works contract awarded by Kochi Water Metro Project

February 18, 2022 1182 Views 0 comment Print

In re Kool Home Builders (GST AAR Kerala) 1. Whether the Kochi Water Metro Project comes under exclusion specified for the term ‘business’ as per the explanation to heading 9954 item no. (vi) of Notification No.11/2017 dt.28th June 2017? Ruling: The integrated water transport project namely; Kochi Water Metro Project is an activity undertaken by […]

GST- Blocking of ECL- Order must specify the amount of ECL ITC blocked

February 18, 2022 7305 Views 0 comment Print

Dee Vee Projects Ltd. Vs Government of Maharashtra (Bombay High Court) Order not specifying amount to the extent to which the ECL has been blocked is Illegal A careful perusal of Rule 86-A would show that there is no specific mention therein about the blocking of the ECL and what is stated is that the […]

GST rate on paper bags – AAR allows withdrawal of application

February 18, 2022 4287 Views 0 comment Print

In re Adhav Packs Private Limited (GST AAR Kerala) The applicant was afforded an opportunity of personal hearing through virtual mode on 26.10.2021 at 3.00 p.m. The applicant by e-mail dated 25.10.2021 intimated that they had decided not to proceed further in the matter since the matter has been clarified in a notification stating that […]

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