2024-04-20 08:29
Legal Background:
The Bombay High Court case, M/s. Aggarwal Coal Corporation Pvt Ltd vs. The Assistant Commissioner of State Tax, addresses the issue of reverse charge mechanism (RCM) on oce… Read More
Blog Directory > Business Blogs > Taxation Blog for Indians business Blog >
Taxation Blog For Indians Blog
consultease.com
Tags:
court
input tax credit
disciplinary
chief justice
response
refund
rampd tax
kejriwal
freight
consignment basis
Taxation blog for Indians about the latest taxation, GST updates.
2024-04-18 10:45
In the buzzing world of business, invoicing is like the heartbeat of transactions. It’s crucial, but let’s face it, nobody jumps out of bed in the morning excited to tackle invoi… Read More
2024-04-15 12:28
Here are the GST return mismatch cases grouped by High CourtsFor any error or feedback pls write back at [email protected], 9953077844.
Initial period of GST was filled with a lot of iss… Read More
2024-04-15 07:35
Paradox of Refund of IGST paid on goods exported on consignment basis
In case of export on consignment basis, it has been clarified by Circular No. 108/27/2019-GST dated 18-07-2019 read with… Read More
2024-04-08 10:06
Efficiency is essential in the fast-paced world of agency management. It’s the difference between success and failure. The tools and processes agencies use to streamline operations and… Read More
2024-04-05 10:12
In the fast-paced world of B2B marketing, few channels hold more game-changing yet untapped potential than cold email outreach. Directly reaching key decision-makers at target companies to s… Read More
2024-04-03 06:37
As experienced tax professionals who help businesses claim their R&D tax credits, we can confidently say that this incentive is often ignored by small and medium-sized enterprises. This… Read More
2024-04-01 10:34
There has been notable activity within India’s higher judiciary recently. A letter, collectively signed by approximately 600 members of the bar, including prominent lawyer Harish Salve… Read More
2024-04-01 08:48
On Monday, a Delhi Court remanded Chief Minister Arvind Kejriwal to judicial custody until April 15 in the money laundering case linked to the alleged liquor policy scam. Kejriwal was arrest… Read More
2024-04-01 08:43
The Kerala High Court emphasized that under Article 226 of the Constitution, the writ jurisdiction cannot be utilized to re-evaluate the evidence presented in a domestic inquiry conducted by… Read More
2024-03-28 12:56
Summary of case
M/s. SNQS International Socks Private Limited (“the Respondent”) had received an export sales commission for procuring export orders from foreign buyers for th… Read More
2024-03-28 12:31
Scheduled offences under PMLA-
Scheduled offences in the Prevention of Money Laundering Act (PMLA) are the acts listed in the Act’s schedule that serve as the foundation for money laun… Read More
2024-03-28 12:25
SC verdict on PMLA on non scheduled Offences-
The Supreme Court has rejected the review petitions filed against its previous judgment, which ruled that proceedings under the Prevention of Mo… Read More
2024-03-28 11:58
A person named as Surjeet singh has filed a PIL in Delhi high court. The PIL is filed to remove Delhi CM Arvind kejriwal from his post of CM. As we know he is arrested and is in jail for liq… Read More
2024-03-28 11:51
Case name-Title: INDIAN NATIONAL CONGRESS v. DEPUTY COMMISSIONER OF INCOME TAX and other connected matters
On Thursday, the Delhi High Court dismissed pleas submitted by the Indian Nati… Read More
2024-03-28 11:36
What is PMLA?
PMLA stands for the prevention of money laundering. An act passed by the Indian parliament to curb the black money.The Prevention of Money Laundering Act (PMLA) became applicab… Read More
2024-03-28 11:22
Delhi chief minister Arvind Kejriwal custody extended till April 1
On Thursday, a Delhi Court extended Chief Minister Arvind Kejriwal’s custody to the Enforcement Directorate (ED) unti… Read More
2024-03-28 09:09
Q-1 What is 43B(h)
Ans- 43B(h) refers to a section of the Indian Income Tax Act, introduced in the Finance Act of 2023. It aims to ensure timely payments to Micro, Small and Medium Enterpris… Read More
2024-03-27 13:34
Refund of tax recovered from the recipient-
In a recent judgment the court has allowed the refund of amount recovered from the buyer. In this case the supplier defaulted in payment of tax. t… Read More
2024-03-26 13:08
Rectification may be misjudged with the rectification of returns. So first thing I would like to clarify is that here we are going to discuss about the rectification of orders already passed… Read More
2024-03-19 11:53
When registrations are cancelled by the departments-
In many cases the department is cancelling the registrations of suppliers. There can be various stances when a registration can be cancel… Read More
2024-03-19 10:13
1- Why an SCN is issued ?
The Show cause notice gets its power from the principles of natural justice. Although most of the statutes provide for its issuance. But even if it is not written i… Read More
2024-03-15 12:18
Restaurant Penalised for Overcharging GST on Packaged Drinking Water
The Sambalpur District Consumer Court penalised a restaurant on VSS Marg in Sambalpur for charging GST on a packaged drin… Read More
2024-03-15 12:10
ICAI Releases February 2024 Edition
The Institute of Chartered Accountants of India (ICAI) has recently launched the February 2024 edition of “Compliances of GST in the Banki… Read More
2024-03-15 09:46
ICAI Unveils February 2024 Edition: “Navigating GST Compliance in the Banking Sector”
The Institute of Chartered Accountants of India (ICAI) has launched the much-antic… Read More
2024-03-15 05:59
A recruitment consultancy, often called a staffing or employment agency, connects employers with suitable candidates for job vacancies. These consultancies play a crucial role in hiring by s… Read More
2024-03-15 05:25
Streamlining Norm Fixation Process: DGFT Issues Public Notice
The Directorate General of Foreign Trade (DGFT) has issued Public Notice No. 15/2023 dated March 14, 2024, introducing a… Read More
2024-03-14 12:56
Insurance Sector Challenges GST Tax Demand
Amidst mounting concerns over a hefty Goods and Services Tax (GST) tax demand, insurance companies are mulling legal action to seek clari… Read More
2024-03-14 12:45
Introduction
The Ministry of Home Affairs (MHA) has announced a significant welfare measure aimed at benefiting serving and retired personnel of Central Armed Police Forces (CAPFs)… Read More
2024-03-14 12:20
Introduction:
The Central Board of Indirect Tax and Customs (CBIC) has introduced a novel approach to investigating the tax liabilities of multinational corporations (MNCs) through… Read More
2024-03-04 07:45
India’s Economic Thrust Driven by Strong GST Revenue Surge
The Indian economy experienced a notable upswing in the December quarter, driven by robust tax collections and thri… Read More
2024-03-04 07:21
ICAI Releases Handbook on Voluntary Liquidation Process
In February 2024, the Institute of Chartered Accountants of India (ICAI) introduced a handbook to provide guidance on the vo… Read More
2024-03-04 07:08
Bihar Introduces ‘One-Time Settlement’ Initiative for Traders
The NDA government in Bihar unveiled a ‘one-time settlement’ initiative on Thursday aimed at p… Read More
2024-03-04 05:50
Introduction:
In recent months, India has experienced a notable acceleration in its economic growth, propelled by robust tax collections and a burgeoning momentum in manufacturing… Read More
2024-03-04 05:37
Strengthening GST Enforcement: A National Conference
Inaugurated by Union Minister for Finance Nirmala Sitharaman, a pivotal event is set to unfold in New Delhi on March 4, 2024. T… Read More
2024-03-02 12:50
Introduction:
The Finance Act of 2023 introduced Clause (h) under Section 43B of the Income Tax Act, aimed at addressing the issue of delayed payments encountered by Micro, Small… Read More
2024-03-02 06:19
Background:
The case originated from a search conducted by the Directorate General of Goods and Service Tax Intelligence (DGGI) at the business premises of M/s. K.M. Food Infrastru… Read More
2024-03-02 05:38
Introduction:
In a notable move aimed at easing the financial strain on traders, Chief Minister Pramod Sawant of Goa announced a significant initiative today. The state government… Read More
2024-03-02 05:24
Overview of February 2024 GST Revenue:
Total collection: ₹1,68,337 crore
Growth rate: 12.5% increase compared to February 2023
Breakdown: Domestic transactions – 13.9%… Read More
2024-03-02 05:10
Inauguration of Hearings
The Supreme Court’s 9-judge Constitution Bench commenced hearings on February 27, diving deep into the complexities surrounding the taxation of miner… Read More
2024-03-01 12:49
Petitioner
Eden Real Estates Pvt. Ltd. & Anr
Respondent
The Assistant Commissioner of State Tax, Bhabanipur Charge & Ors.
Comment
Whether the provisions of IBC will supersed… Read More
2024-03-01 12:15
In an important updated the Delhi sales tax bar association demonstrated against the department.The reason behind that was the vague notices and orders by the GST department.
AI generated va… Read More
2024-03-01 10:21
Introduction:
In a bid to modernize and streamline import duty payments, the Indian government has introduced the Electronic Cash Ledger (ECL) as the designated mode of payment for… Read More
2024-03-01 10:08
Introduction:
In a landmark endeavor aimed at revolutionizing regional trade efficiency, Union Finance Minister Smt. Nirmala Sitharaman inaugurated the Electronic Data Interchange… Read More
2024-03-01 06:40
Introduction
Indirect tax experts are seeking clarity on the levy of Goods and Services Tax (GST) on corporate guarantees provided by Indian companies on behalf of their subsidiari… Read More
2024-02-15 10:13
In a recent development the honourable SC has held that electoral bonds are unconstitutional. The court also made some observations regarding section 182 of Companies Act. This section was a… Read More
2024-02-15 09:26
The Supreme Court’s directives on Electoral Bonds:
A. State Bank of India (SBI) to halt issuance of electoral bonds.
B. SBI to furnish details of electoral bonds purchased since April… Read More
2024-02-15 09:18
In a notable legal development, the Hon’ble Calcutta High Court delivered a significant judgment in the case of PBL Transport Corporation (P) (Ltd.) v. Assistant Commissioner (ST), Wr… Read More
2024-02-15 09:08
Introduction:
The Micro, Small, and Medium Enterprise (MSME) sector significantly contribute to India’s economic landscape. This article explores recent amendments to the Income Tax Ac… Read More
2024-02-15 08:52
The Allahabad High Court ruled that the principle of res judicata does not apply across different assessment years in tax matters. However, it held that the tax department cannot change its… Read More
2024-02-15 07:23
Supreme Court Declares Electoral Bond Scheme Unconstitutional
On February 15, the Supreme Court delivered its verdict on a series of petitions challenging the validity of the Electoral Bond… Read More
2024-02-15 05:33
Introduction:
The Directorate General of Foreign Trade (DGFT) issued Public Notice No. 43/2023 on February 14, 2024, introducing significant amendments to the Handbook of Procedures, 2023. T… Read More
2024-02-14 06:30
In 2024, an aspiring business should look to identify the ongoing market trends and capitalize on them. This is the best way to keep your business growing and achieve your aspirations.
Curre… Read More
2024-02-14 05:56
Introduction:
In the realm of contract law, the traditional understanding has often been that agreements are formalized through written documents, signed and sealed by the involved parties… Read More
2024-02-14 05:40
The Supreme Court, on February 12, noted that the Adjudicating Authority (AA), which is the National Company Law Tribunal (NCLT) under the Insolvency and Bankruptcy Code, 2016 (IBC)… Read More
2024-02-12 13:09
The Finance Ministry has issued a rebuttal to the Karnataka government’s allegations of discrimination in the distribution of central taxes, dismissing them as incorrect and misleading… Read More
2024-02-12 09:13
NCLT Bengaluru Bench: Resolution Plan Approval Process Must Not Lead to Endless CIRP
In a recent ruling, the National Company Law Tribunal (NCLT) Bengaluru Bench addressed the case of Parag… Read More
2024-02-12 06:31
Heading 1: Validity of Income Tax Search Upheld
The Gujarat High Court has upheld the validity of search and seizure operations conducted by the Income Tax (I-T) department at the residence… Read More
2024-02-09 12:49
Clarification on MSME Section 43B Impact:
Payments made or due to vendors registered under MSME, as defined in the Micro, Small and Medium Enterprises Development (MSMED) Act 2006, are affec… Read More
2024-02-09 12:42
Q1: When does the amendment become effective?
A1: The amendment applies from FY 2023-24, corresponding to AY 2024-25.
Q2: What defines an MSME?
A2: MSME classification is based on investment… Read More
2024-02-09 12:39
In a recent ruling by the Income Tax Appellate Tribunal, Nagpur Bench, the appeal of Mr. Sanjay Kisan Chopde against the Income Tax Department for the assessment year 2014-15 was m… Read More
2024-02-09 12:11
A senior official from the Finance Ministry has indicated that any significant changes to the Goods and Services Tax (GST) rates are likely to occur only after the upcoming Lok Sa… Read More
2024-02-09 12:08
In a recent development, the Bombay High Court has granted an interim stay on the demand for GST dues on expatriate salary payments by Mercedes-Benz, providing a temporary relief to the auto… Read More
2024-02-09 11:54
Expat salary is under the lanses of Department. The supreme court already decided in a the case of Northern Operating Systems Private Limited (NOS). In this case the amount was deemed to be… Read More
2024-02-09 10:47
The recent election of Manoj Sonkar, a Bharatiya Janata Party (BJP) candidate, as the Mayor of Chandigarh has been marred by controversy, with allegations of fraud and irregularities prompti… Read More
2024-02-09 10:33
In a bid to ease the tax burden on residents and facilitate smoother transactions, the taxation department of the state government has launched a comprehensive awareness campaign pro… Read More
2024-02-09 10:29
Overview of the Dispute
At the heart of the matter lies the verification of tax dues intertwined with claims over specific pieces of jewelry. The multiplicity of parties involved adds layers… Read More
2024-02-09 10:02
In a recent ruling by the National Company Law Appellate Tribunal (NCLAT) in the case of Kineta Global Ltd. v. IDBI Bank Ltd. & Ors., the issue of disclosing valuation reports to… Read More
2024-02-06 11:23
Bombay High Court Declares Arrest of Chanda Kochhar and Husband Illegal in ICICI Bank – Videocon Loan Fraud Case
In a significant development, the Bombay High Court has ruled t… Read More
2024-02-06 06:53
“Supreme Court Upholds Delhi High Court Order, Grants Flipkart Rs. 6.6 Cr VAT Refund”
The Supreme Court recently affirmed a significant decision by the Delhi High Court… Read More
2024-02-06 05:41
The Supreme Court, in response to a Single Judge of the Madras High Court taking suo motu revision against the discharge of Tamil Nadu Revenue Minister KKSSR Ramachandran in a corrup… Read More
2024-02-05 12:39
1. Legislative Milestones: Central GST (Second Amendment) Bill Approval
Parliament’s Approval of the Bill
Amendments to Age Limits for GSTAT President and Members
Synchronization with… Read More
2024-02-05 07:59
Cross-Empowerment of Central and State Authorities Under GST: Judicial Views
The Goods and Service Tax (GST) regime in India has brought about a new system of taxation, where both the centra… Read More
2024-02-05 07:31
Introduction
In an ongoing battle against fraudulent Input Tax Credit (ITC) activities, the Directorate General of GST Intelligence (DGGI) has intensified its efforts, resulting in significa… Read More
2024-02-05 07:15
Undervaluation cannot be reasons for detention of goods
in transit if vehicle containing the goods is accompanied
by proper invoice and e-way bill
Hon’ble Allahabad High Court in case… Read More
2024-02-05 07:02
Introduction:
The Income Tax Department has introduced significant changes in the Income Tax Return (ITR) forms for the Assessment Year 2024-25, aimed at streamlining the filing process and… Read More
2024-02-03 06:33
Introduction
In a recent ruling, the Delhi High Court underscored the imperative for the Delhi Development Authority (DDA) to adhere to principles of natural justice… Read More
2024-02-03 06:27
Introduction
The recent news of the Reserve Bank of India (RBI) banning Paytm has sparked widespread reactions and even led to the creation of memes. However, this decision didn’t happ… Read More
2024-02-03 04:54
Section 63 of CGST Act
Section 63 of CGST Act provide for the assessment of unregistered person in GST.
“Notwithstanding anything to the contrary contained in section 73 or section 74… Read More
2024-02-02 12:49
Comment
There were differences in various documents but that was corrected by the taxpayer. In case the correct documents are presented before the authorized before passing the order then it… Read More
2024-02-02 12:48
Non-incorporating the details of the shipping bills in
the GSTR-1 would not result in denial of Refund claim if taxpayer in possession of Shipping Bills
Hon’ble Calcutta High Court in… Read More
2024-02-01 09:38
Deciphering Advance Tax Provisions: A Deep Dive into Sections 207 to 219 of the Income Tax Act, 1961:
Understanding the nuances of the Income Tax Act, 1961, particularly Sections 207… Read More
2024-02-01 08:31
Uneducated people are not accustomed to handle notices through Emails, Department to work out possibilities of sending notices through Registered Post.
Hon’ble Madras High Court in ca… Read More
2024-02-01 07:58
In the digital age, the landscape of commerce has undergone a significant transformation with the rise of e-commerce platforms and digital sales. As consumers increasingly turn to online cha… Read More
2024-02-01 07:38
Abstract:
Digital tax proposals have significant implications for e-commerce businesses. This article explores the impact of proposals, strategies for compliance, and optimizing tax strategi… Read More
2024-01-31 11:42
E-way bill default is one of the most common type of case for high courts. In many cases the courts have emphasised that the penalty should only be levied if there is an intention to evade t… Read More
2024-01-31 11:29
Comment
In many judgments it is clarified that there should not be a levy of penalty without an intention to evade tax. In this judgment court again clarified that the penalty should only be… Read More
2024-01-31 09:54
The Central Board of Direct Taxes (CBDT) has recently notified the Income Tax Return (ITR) Form ITR-6 for the Assessment Year (A.Y.) 2024-25, which will come into effect from April 01… Read More
2024-01-31 08:42
As anticipation builds for the Interim Union Budget 2024, a significant announcement is expected to shake up the landscape of Goods and Services Tax (GST) in India. The buzz surrounds propos… Read More
2024-01-31 08:06
In recent times, many taxpayers using GST portals found themselves inundated with notices and orders from the GST Department. This surge was due to the expiration of the limitation period fo… Read More
2024-01-31 07:30
Demystifying Cryptocurrency Taxation: A Guide for the Navigating Investor
The meteoric rise of cryptocurrencies has ignited excitement and intrigue, attracting legions of individuals eager t… Read More
2024-01-27 14:21
The question was of right to give condonation of delay. Not one or two day but of 1365 days.
In this judgment the court allowed the CoD.
citatio
M/s royal sanitation Vs Comm of commercial ta… Read More
2024-01-27 14:05
Intention to evade tax is essential for penalty
The most litigated issue. Good are moving and are held by the authorities. In many cases the court has put an emphasis that intention to evade… Read More
2024-01-27 13:29
The cancellation of registration was dropped by the honourable high court.
Pleading
Petitioner impugns show cause notice dated 05.07.2023 whereby the registration of the petitioner has be… Read More
2024-01-27 12:22
ITC taken in wrong head allowed by the court.
It was one of the very common issue in the initial period. People were not allowed to amend the return. But the ITC taken in wrong head should h… Read More
2024-01-27 11:07
DGCI power to issue notices-
Very important decision and I would like to give it a 4/5 for importance. Many time the question is raised on the power of DGCI. Here the answer is given in deta… Read More
2024-01-27 09:28
The judgment of high court are reversed. In this case the honourable SC outs and end to the age old controversy. Cases like Gannon Drunkly came to picture again.
Around 50 petitions were bun… Read More
2024-01-26 09:54
Amount paid monthly will be considered as rent?
In a recent ruling the CESTAT held that the amount paid annually for leased land is not rent. The amount is premium/salami. It is not taxable… Read More
2024-01-24 13:02
ITC reversal for non payment of creditors in 180 days
In some of the cases the department asks the taxpayer to reverse the ITC for non payment of creditors. In many cases the aging of credit… Read More
![[Breaking]No Interest If The Amount Was Deposited In Cash Ledger Even If 3b Isn’t Filed](https://cdn.blogarama.com/images/posts_thumbs_site_id/13693/1369296-3183519593.w320.jpg "[Breaking]No Interest If The Amount Was Deposited In Cash Ledger Even If 3b Isn’t Filed")
2024-01-24 11:32
When tax is deemed to be paid?
In this case the return was not filed by the taxpayer as he was facing difficulty in transitional credit.They were unable to file the July 2017 return. Now GST… Read More
Subscribe to Taxation Blog For Indians
Get updates delivered right to your inbox!