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Judiciary

CAAR Mumbai Classifies Digital Duplicator & Spare Parts Under Customs Tariff Act

October 26, 2024 615 Views 0 comment Print

CAAR Mumbai rules on classification of Digital Duplicators and consumables under the Customs Tariff Act, impacting import procedures.

GST Rates on Affordable & Non-Affordable Apartments: Rajasthan AAR’s Clarification

October 26, 2024 2139 Views 0 comment Print

GST AAR Rajasthan clarifies GST rates on affordable, non-affordable apartments under Notification 03/2019. Learn how GST impacts real estate projects.

Madras HC Orders 25% Tax Deposit for one more opportunity of being heard

October 26, 2024 549 Views 0 comment Print

Madras High Court held that order is passed based on non-response to notice and hearing notice by the petitioner. Accordingly, order quashed with direction to the petitioner to deposit 25% of the disputed tax and direction to department to grant one more opportunity.

Section 115JB Inapplicable to corresponding new bank: ITAT Bangalore

October 26, 2024 567 Views 0 comment Print

The fiction created by Section 11 of the Acquisition Act, does not imply that the assessee bank would also become a company for the purpose of the Companies Act for which Clause (b) of Sub-Section 2 of Section 115JB is applicable.

Financial Debt Adjustment Not Allowed in Section 4 IBC Threshold Calculation

October 26, 2024 627 Views 0 comment Print

NCLAT Delhi held that there is no provision under the Insolvency and Bankruptcy Code which allows set of/adjustment/ counter claim against financial debt for calculating threshold limit prescribed under section 4 of the Code.

Classifies Slaked Lime Under HSN 25222000, 5% GST Rate: AAR Rajasthan

October 26, 2024 921 Views 0 comment Print

he Rajasthan GST AAR classified slaked lime with <98% calcium oxide/hydroxide under HSN 2522 20 00, applying a 5% GST rate per amended Notification No. 1/2017-C.T.

Taxability & Timing of Supply for Gift Cards & Vouchers under CGST Act: AAAR UP Ruling

October 26, 2024 1317 Views 0 comment Print

GST AAAR Uttar Pradesh rules that supply of gift cards, vouchers by Payline Technology is taxable as goods. Commission on voucher sales is also subject to GST.

Vegetable Oil-Based Cream: Chapter 15179090, 5% GST Rate – AAAR Uttar Pradesh

October 26, 2024 1515 Views 0 comment Print

Uttar Pradesh AAAR rules on GST classification and rate for S.S. Traders’ vegetable oil-based cream, aligning it under Chapter 1517 at a 5% tax rate.

Denial of Section 54F Deduction Due to Late Registration Date Is Unjustified

October 26, 2024 1470 Views 0 comment Print

ITAT Visakhapatnam held that denial of deduction under section 54F of the Income Tax Act merely because date of registration was beyond the stipulated period as entire consideration paid within the stipulated period.

Jharkhand HC Grants Bail in ₹54 Crore Fake ITC GST Case Due to Lack of Evidence

October 26, 2024 3150 Views 0 comment Print

While the prosecution alleged a massive ITC fraud involving multiple shell companies, the lack of documentary proof ultimately led the court to favour the bail.

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