Tax authorities should not deny ITC to purchasing dealers if selling dealer failed to deposit collected tax, provided that purchasing dealer had conducted genuine transactions.
AAR Maharashtra ruled that penalties, late fees/panel interest, fine of the nature levied and collected by RBI for contravention or violation of provisions of law are not taxable under GST.
Karnataka HC quashes Rs. 23 crore GST demand against Adama India due to non-compliance with natural justice and procedural lapses. Detailed case analysis here.
Stay updated with key notifications and circulars on Income Tax, GST, Central Excise, Customs, DGFT, and SEBI issued between 29th July and 4th August 2024.
Explore our FAQs on Form GSTR-1, delinking debit and credit notes, auto-population of e-invoice details, editing and viewing e-invoice details, and Form GSTR-1A. Ensure seamless GST compliance with our comprehensive guide.
ITAT held that agreement to sell coupled with possession constituted a valid transfer for the purposes of claiming deduction under Section 54.
Explore essential board and AGM resolutions for corporate governance, including changes to MOA, AOA, private placements, dividends, and more.
Madras High Court quashes GST penalty imposed on Kompress India, citing procedural errors and misinterpretation of GST rules. Vehicle detention deemed unlawful.
Explore critical GST case laws from July 2024, including SCN issuance, personal hearing rights, appeal delays, and more. Essential for understanding recent GST legal developments.
Discover the significant changes proposed under GST in the Union Budget 2024-25, impacting the CGST, IGST, UTGST, and GST (Compensation to States) Acts.
