Central Excise CESTAT Ahmedabad has held that once the goods are used for manufacture of final products or for provision of taxable services, credit can be allowed. CESTAT Chennai held that imposing Penalty is not sustainable when there is no allegation in SCN that appellant availed credit or utilized the same. CESTAT Delhi held that …
GST • High Court of Andhra Pradesh passed a recent judgement where the Order was set aside and fresh proceeding were directed to be initiated as DRC-01A was not issued where it was mandatory. • Delhi High Court held that Merely because assessee had not furnished any return for a period of six months, same …
GST: Punjab and Haryana High Court held that a rectified refund application under Rule 90(3) of the CGST Rules, 2017 is not time-barred. The petitioner paid excess amount of SGST under reverse charge mechanism and thus the petitioner filed refund application for which deficiency memo was issued and thereafter Petitioner filed a fresh application which …
GST: Delhi High Court in case of Deepak Sales Corporation vs. Union of India held that Interest and penalty not to be levied where excess ITC was availed but then reversed before its utilization. Jharkhand High Court in case of Satyendra Singh Kushwah vs. State of Jharkhand held that Criminal proceedings to be dropped where …
Central Excise: CBIC reduced Special Additional Excise Duty on production of Petroleum Crude to Rs. 6300 from earlier Rs. 9800 per tonne w.e.f. 16 November 2023. [Notification No. 38/2023-Central Excise dated 15.11.2023]
Central Excise: CBIC reduced Special Additional Excise Duty on export of Diesel to Rs. 1.00 per litre from Rs. 2.00 per litre w.e.f. 16 November 2023. [Notifications No. 39/2023-Central Excise dated 15.11.2023]
Customs: Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver is revised. [Notification No. 82/2023-CUSTOMS (N.T.) dated 15.11.2023]
FTP/DGFT: DGFT issued Notice to Calcined Petroleum Coke(CPC) Manufacturers for providing information by 20.11.2023 relating to import of Raw Pet Coke. [Trade Notice 34/2023-24 dated 16.11.2023]
GST: Maharashtra Commissioner of State Tax (GST) issued circular for recovery of VAT dues in a matter concerning the SLP filed by the Promoters and Builders Association and the Maharashtra Chamber of Housing Industry (MCHI). [Trade Circular No. 28 T of 2023]
GST: The Gujarat High Court in case of Daksh Enterprise Vs Commissioner Of State Tax held that Non-Consideration of Reply Violates Natural Justice. This judgment underlines the significance of adhering to natural justice principles and providing an opportunity of hearing before passing orders in GST matters. The High Court did not delve into the merits …
GST Allahabad High Court held that where revenue officers failed to consider attending circumstances and prove intention of assesse to evade tax, penalty order passed against assessee was to be quashed.
Company Law: The Registrar of Companies (Uttar Pradesh) has issued an order related to SONANCHAL MUDRA NIDHI LIMITED for non-compliance with Section 137 of the Companies Act, 2013 by not filing of the financial statement of the company statement for year ending 31.03.2019 thereby attracting the penal provisions mentioned under Section 137(3) of the Act. …
VAT: One Time Settlement Scheme 2023 introduced by Punjab Government for recovery of dues under VAT & State Excise. [No.G.S.R.85/P.A.8/2005/S.29 dated 10.11.2012]
GST: West Bengal Government reduced the threshold for generation of e-way bill from Rs. 1,00,000 to Rs. 50,000 and made e-way bill mandatory for job work also. [Notification No. 02/2023-C.T./GST dated: 10.11.2023]
GST: GSTN enabled functionality to generate automated intimation in Form GST DRC-01C which enables the taxpayer to explain the difference in ITC available in GSTR-2B & ITC claimed in GSTR-3B, In case, no response is filed by the impacted taxpayers in Form DRC-01C Part B, such taxpayers will not be able to file their subsequent …
GST: GSTN has communicated the amount of ITC pertaining to the supplier who have been not filed GSTR-3B for FY 2022-23 for the purpose of reversal of ITC on account of Rule 37A of CGST Rules. [GSTN Advisory dated 14.11.2023]
GST : Madras High Court in case of Caterpillar India (P.) Ltd. vs. Assistant Commissioner held that Recovery can’t be made directly due to difference in GSTR-1 & GSTR-3B without following procedure under Rule 88C of the CGST Rules 2017. Gujarat High Court in case of Bharatkumar Pravinkumar and Co. vs. State of Gujarat held …
INCOME TAX : Calcutta High Court in case of Bangabasi Collage vs. Union of India remanded matter back to Assessing officer in case where assessee’s case was selected for faceless assessment and he prayed for personal hearing through video conferencing, however opportunity of personal hearing could not be availed due to technical difficulties and Assessing …
Income Tax: Exemption is granted from levy of income tax under clause (46) of section 10 of the Income-tax Act, 1961 on certain income of Punjab Infrastructure Regulatory Authority. [Notification No. 97/2023- Income Tax | Dated: 6th November2023]
Income Tax: Exemption is granted from levy of income tax under clause (46) of section 10 of the Income-tax Act, 1961 for fees on publishers and news papers and Interest earned on FDRs and Savings bank accounts to Press Council of India. [Notification No. 98/2023- Income Tax | Dated: 6th November2023]
