Penalty under GST can’t be imposed just for technical breach of not extending time period of E-way bill Goods were accompanied by a tax invoice and an e-way bill that had expired due to a vehicle breakdown Authorities imposed tax and penalty under Section 129(3) of the UP GST Act due to the expired e-way …
GST: High Court Quashes appellate order creating tax demand inspite of ‘non-satisfaction’ of s. 74 ingredients: Madras High Court sets aside an appellate order where the tax proposal under section 74 was confirmed without satisfying its requirements. The original tax order against the assessee was dismissed in appeal due to submission beyond the allowable period. …
No writ can be filed against order passed by GST authorities if principles of natural justice were adhered to: An assessment order reversed the input tax credit against the assessee/petitioner. The court dismissed the writ petition, stating that natural justice principles were followed by providing the petitioner opportunities to contest the tax demand and participate …
GST: Assessee should approach the Commissioner under Section 80 of the CGST Act to seek relief for payment of interest in instalments: Hight Court directed the assessee to approach the Commissioner under Section 80 of the CGST Act for seeking relief for payment of interest in monthly instalments pertaining to disputed tax already paid on …
GST Interest and penalty not leviable when there is no fault of Assessee in depositing GST The Petitioner has initiated the payment of tax within the prescribed time period in the manner prescribed for which the amount is debited from the bank account. However, the Revenue Department (“the Respondent”) states that the amount has been …
GST Assessee cannot be adjudicated by the CGST, assigned to SGST authority or vice-versa The issue regarding cross-empowerment and the jurisdiction of the counterparts to initiate proceedings. When an assessee has been allocated either to Central Tax Authorities or to the state tax authorities was examined. In detail by this Court in Tvl. Vardhan Infrastructure’s …
DGFT: As Export Promotion Council of Medical Devices yet to start functioning, it is clarified that RCMC issued by EEPC India and any other concerned EPC shall be accepted till further Order. [Trade Notice 05/2024-25 dated 12 June 2024]
DGFT: Corrigendum issued to Notification NO. 16/2024-25 dated 06.06.2024 on enabling provision for import of inputs that are subjected to mandatory quality control Orders by Advance Authorisation Holder, EOU & SEZ, for correcting para reference number of FTP. [Corrigendum dated 12 June 2024]
DGFT: The Import Policy for ITC (HS) Codes (related to gold) 71131912, 71131913, 71131914, 71131915 and 71131960 have been amended from Free to Restricted with immediate effect. However, import under said ITC (HS) Code except 71131960 (parts) is permitted without authorization under valid INDIA-UAE CEPA TRQ. [Notification No.17/2024-25 dated 11 June 2024]
GST: Revenue Department cannot block Electronic Credit Ledger by making negative balance Plain perusal of the impugned order under challenge shows that the Revenue department have made a negative credit in the electronic credit ledger of the Petitioner which otherwise is not permissible and what is permissible is only blocking the availing of …
GST: HC: Quashes appellate order creating tax demand inspite of ‘non-satisfaction’ of s. 74 ingredients Madras High Court sets aside an appellate order where the tax proposal under section 74 was confirmed without satisfying its requirements. The original tax order against the assessee was dismissed in appeal due to submission beyond the …
GST: No GST on sale of warehoused goods in 3P FTWZ on “as is where is” basis for supply to bonded warehouse under MOOWR Scheme: AAR The advance ruling pertains to the classification of a specific transaction involving warehoused goods. The applicant imports and stores goods in a third-party Free Trade Warehousing Zone …
GST The Hon’ble Calcutta High Court in the case of M/s. Cosyn Limited v. Assistant Commissioner of State Tax [M.A.T. NO. 2411 OF 2023 dated April 30, 2024] held that where the Assessee had availed IGST credit and subsequently utilized the said IGST credit for tax payment of SGST, the amount collected as IGST Tax shall …
GST: The time limit for furnishing the return for the month of September is to be treated as 30th November in each financial year with effect from 01.07.2017, and the ITC claims should be processed if otherwise eligible. The petitioner challenged the provisions under Section 16(2)(c) and Section 16(4) of the CGST Act. The Court …
Customs Clarification has been issued wr.r.t. applicability of BCD date on Display Assembly and parts required for manufacture of Display Assembly of a cellular mobile phone. [Circular No. 06/2024-Cus. dated 7 June 2024]
GST The Bombay High Court has quashed the show cause notice (SCN) demanding GST on ocean freight on transportation of goods from outside India. The bench of Justice G. S. Kulkarni and Justice Firdosh P.Pooniwalla has relied on the decision of the Supreme Court in the case of Mohit Minerals and observed that the verdict …
GST: Detention of Goods on valuation and identification of owner in case goods are accompanied invoice movement in with the movement –The High Court held that value of the supply of goods is clear from the transaction value as indicated in the tax invoice which is on record and there being nothing on record to …
Income Tax : In the Form No. 27Q TDS return for payments to NRI note 7A is inserted as “Write “P” if lower deduction or no deduction is in view of notification issued under sub-section (1F) of section 197A which shall come into force from 1st July 2024”. [Notification no:15/2024-25 dated 5 June 2024]
DGFT: Department of Chemicals & Petro-chemicals have been added in the list of Ministries / Departments under Appendix 2Y for exempting mandatory Quality Control Orders (QCOs) for import of inputs by Advance Authorisation holders, EOU and SEZ. [Public Notice No:10/2024 dated 6 June ,2024]
DGFT: Appendix 4F is amended to simplify the procedure & reduce compliance burden for applying EODC in case of deemed export. [Public Notice No:09/2024 dated 6 June ,2024]
webinar on “Impact of Decisions of the 57th GST Council Meeting” on 14th October 2026 at 4:00 PM to 6:00 PM
This will close in 20 seconds
