Central Excise: Amendment to Notification No. 04/2022-Central Excise, dated the 30th June, 2022 to exempt export of Petrol and Diesel from the Special Additional Excise Duty when exported to Bhutan. Notification No. 23/2024 – Central Excise dated 02.09.2024
Central Excise: Amendment made to Notification No. 18/2022-Central Excise, dated the 19th July, 2022 to exempt export of ATF from the Special Additional Excise Duty when exported to Bhutan. Notification No. 22/2024 – Central Excise dated 02.09.2024
GST: HC set-aside order passed by same officer in dual capacity as Commercial Tax Officer & State Tax Officer: Where same officer passed assessment orders in dual capacities, orders set aside due to apparent bias and remanded for fresh consideration. [IN THE HIGH COURT OF JUDICATURE AT MADRAS, J.S.R.S. Constructions, Versus , State Tax …
GST: HC remanded matter back to AO as assesse failed to notice SCN posted on GST portal: Where assesse missed notices on GST portal, assessment order quashed and remanded for fresh consideration, allowing assesse opportunity to respond, subject to partial tax deposit. [IN THE HIGH COURT OF JUDICATURE AT MADRAS, J.Tvl. SST & Co./Sethu Susila …
Excise SC dismisses appeal against HC order which allowed refund on goods cleared by DTA unit to 100% EOU on ground of low tax effect: Refund of Cenvat credit on inputs used in manufacture of goods cleared by DTA to 100% EOU cannot be denied of sale being deemed export and not physical export. Apex …
GST HC dismissed writ petition against penalty order since petitioner failed to prove actual physical movement of goods: – Where assessee availed input tax credit on purchases from a company which was found non-existent and also assessee failed to discharge its onus to prove and establish beyond doubt actual transaction, actual physical movement of goods …
GST Intimation in Form GST DRC-01A not to be issued simultaneously with show cause notice under Section 73: HC:- Since petitioner was denied a valuable right of filing its submission in response to intimation in Form GST DRA-01A, order passed by respondent-revenue under section 73(9) was to be quashed and matter was to remitted back …
GST Provisional attachment order can’t be extended by mere noting in file of concerned Officer: HC:- On expiry of one year from date of provisional attachment of bank account, no fresh order having being passed by Revenue Authority, mere noting in file of concerned Officer could not constitute an order for extension of attachment period. …
GST: ITC can’t be denied on mismatch of GSTR-3B & GSTR-2A merely on account of inadvertent and bona fide error in return: HC:- ITC cannot be denied based on mismatch of forms GSTR-3B & GSTR-2A merely on account of inadvertent and bona fide error at the time of filing returns i.e., furnishing details under a …
GST: Advisory for Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Dadra and Nagar Haveli and Daman and Diu and Chandigarh. This update includes new procedures for biometric authentication and document verification during the GST registration process. [GST Advisory dated on 24th August 2024 ]
GST: GST Portal Starting from August 2024, a new “RCM Liability/ITC Statement” has been introduced to improve accuracy in reporting Reverse Charge Mechanism (RCM) transactions. This statement will capture RCM liabilities from Table 3.1(d) of GSTR-3B and the related ITC from Tables 4A(2) and 4A(3) of GSTR-3B. Monthly filers must start using it from August …
GST : From 01st September, 2024; taxpayers must update their valid bank account details in their GST registration to file GSTR-1 or IFF for the August 2024 tax period and beyond. This requirement, as per Rule 10A of the GST Rules, has been communicated through previous advisories. If bank account details are not updated by …
GST Order passed without hearing assessee to be set aside and matter was to be remitted to pass fresh orders: High Court:- Where assessee filed application under section 161 for rectification of certain mistakes in an assessment order, but impugned order was passed without hearing assessee, same was to be set aside and matter was …
GST: The Madras High Court upheld the jurisdiction of an Intelligence Officer to pass assessment orders under the GST law. The assessee challenged the assessment orders on the grounds that, according to a circular Circular No.23/2021 [PP2/GST-15/54/2021], dated 04.10.202, Intelligence Officers should not adjudicate such matters. However, the Hon’ble Madras High Court held that there …
Excise & Service Tax Credit on input services could not be denied if Service Tax was paid on output services that were not taxable: CESTAT:- Benefit of Compensation Scheme for payment of Service Tax on Works Contract service could not be denied for failure to exercise option thereunder before due date of payment of Service …
RBI The RBI has updated the Non-Banking Finance Company (NBFC) – Peer to Peer Lending Platform Directions, 2017; to clarify and modify certain provisions. Under the revised norms, NBFC-P2Ps are restricted from cross-selling any products except loan-specific insurance. They are also prohibited from offering insurance products that serve as credit enhancement or credit guarantees. [ …
Customs: No duty can be demanded on mere assumption that EOU unit diverted goods from SEZ to DTA: CESTAT:- Where department had not produced cogent evidence to support their allegation of clandestine removal of good quality goods from SEZ trading unit under department’s physical control to DTA and attempt to export inferior quality goods, even …
Customs Allegation of mis-declaration of goods couldn’t be sustained if there was insignificant difference in quantity: CESTAT:- Rejection and enhancement of transaction value of imported goods based solely on NIDB data without detailed discussion not sustainable Misdeclaration allegation not sustained due to minor variation in weight of imported goods (declared in kilograms but assessed in …
Customs Supreme Court dismissed SLP against High Court order that appeal against confiscation of foreign currency was maintainable before CESTAT:- Supreme Court dismisses SLP against High Court order holding that Chairman/MD of a company, who was proceeding on a foreign trip along with a travel coordinator of an event management company to attend business meetings …
GST: HC set aside penalty order & remanded matter as it was issued without assigning reasons: The petitioner’s GST registration was cancelled due to business shifting and was later revoked under an amnesty scheme. Despite the revocation, proceedings were initiated for mismatches between GSTR 3B, GSTR 2A, and GSTR 1 returns. The petitioner provided …
