27 May The Hon’ble Jammu and Kashmir High Court in the Case of Oriental Insurance Co. Ltd. v. Union Territory of J&K: An Analysis
Dive into the recent J&K High Court decision on Oriental Insurance. Understand the legal nuances and implications....
Legal implications Tag
10 May Gifted Shares May Escape Capital Gains Tax if HC Ruling Sets Precedent
The recent Bombay High Court ruling regarding the taxation of gifted shares has sparked discussions and potential implications for investors and tax authorities alike....
25 Apr Blocked Input Tax Credit (ITC) under GST: Key Points You Need to Know
In the realm of Goods and Services Tax (GST) in India, understanding Input Tax Credit (ITC) is crucial for businesses to ensure compliance and optimize their tax liabilities....
20 Apr Supreme Court issues notices on challenge to anti-profiteering rules
The Supreme Court has issued notices to the central government, the Central Board of Indirect Taxes and Customs (CBIC), the Goods and Services (GST) Council, and the National Anti-Profiteering Authority (NAA), which is now under the purview of the Competition Commission of India....
19 Apr Delhi High Court’s Game-Changing Decision on GST Cancellation!
In a recent legal development, the Delhi High Court has addressed the modification of a GST registration cancellation order in a case involving Optimum Viking Satcom India Pvt. Ltd. versus Principal Commissioner Delhi Goods and Services Tax....
17 Apr Shocking Verdict: Madras HC Challenges Tax Authority!
In a recent ruling that has significant implications for taxpayers and tax authorities alike, the Madras High Court delivered a landmark judgment concerning Input Tax Credit (ITC) claims....
12 Apr Calcutta High Court’s Verdict on GST Pre-Deposit Requirements
In a recent ruling, the Calcutta High Court addressed the clarification of GST pre-deposit requirements, specifically focusing on the interpretation discrepancy between the GST Department and the GST Law....
12 Apr Delhi High Court Orders Refund of ₹35 Lakh to GST Petitioner, Emphasizing Voluntary Compliance and Due Process
The Delhi High Court's decision mandates a refund of ₹35 lakh to a GST petitioner, underscoring the significance of voluntary compliance and adherence to due process....
12 Apr GST Penalty Overturned by Calcutta High Court Due to Emergency Vehicle Substitution, Showcasing Compliance Flexibility
The Calcutta High Court's decision to quash a GST penalty related to an emergency vehicle change highlights the court's recognition of flexibility in enforcing compliance....
09 Apr Recovery of Fraudulent GST Input Credit Surges to 12% in FY24
The recovery rate in Goods and Services Tax (GST) cases concerning input tax credit (ITC) fraud has significantly increased in FY24....
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