Explore the case of Ashok Kumar Vishwakarma Vs. Union of India regarding GST registration cancellation, legal provisions, and the principle of natural justice.
Explore Diya Agencies vs. State Tax Officer case where Kerala High Court remanded ITC denial due to GSTR 2A non-reflection. Legal analysis and implications discussed.
Dive into the recent Patna High Court ruling on CGST Act Section 16(4). Explore the analysis of the judgment, addressing constitutional validity, procedural nuances, and implications on Input Tax Credit (ITC). Understand the key arguments presented by the petitioner and respondent. Uncover the court’s decision and its far-reaching consequences for taxpayers and businesses. Stay informed on the complexities surrounding denial of ITC and the potential financial setbacks for registered business owners. Disclaimer: The views expressed are for informational purposes; consult a professional for advice.
Introduction of ₹2000 banknotes in November 2016 was an interim measure during demonetization. The usage of this denomination has decreased due to the successful implementation of digital transactions like UPI. To ensure only good quality banknotes are in circulation, the RBI has decided to withdraw ₹2000 banknotes.
It has been reported that the Indore Commissionerate of Central GST has recently identified 62 firms that obtained GST registration using fake documents. These firms were found to be issuing fake invoices and claiming crores of input tax credits.
There are certain cases where the transaction in its entirety starting from the sale of the original asset till the purchase or construction of the new assets is called into question as a colourable transaction done with the sole purpose of evasion of capital gain tax.
Unravel the complexities of retrospective and retroactive operation of law in business, exploring legal implications and judicial perspectives in India and beyond.
