11 May Bombay High Court’s Landmark Judgment on Provisional Attachment under GST
Get a legal perspective on Bombay High Court's stance on GST attachment orders. Explore the implications and significance of the verdict....
Taxation laws 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....
02 May Patna High Court Ruling: Proper Officer Must Issue Notice Within 7 Days
In the case of Pawan Carrying Corporation v. State of Bihar, the Patna High Court held that the proper officer must issue a notice within seven days of detention or seizure of goods. Learn more about this important ruling and its implications for taxation and...
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 Income Tax Alert: 5 High-Value Transactions That May Come Under Scrutiny
In recent times, a misconception has been prevalent among the people regarding the traceability of cashless transactions by the Income Tax Department (ITD)....
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....
10 Apr Understanding the Mechanisms of Tax Relief: Remission and Extinguishment
The concepts of remission and extinguishment of tax demand involve the cancellation or forgiveness of a taxpayer’s outstanding tax liabilities....
10 Apr Tax Authorities cannot retain the tax deposited under the cancelled GST registration
In the case of Yogesh Rajendra Mehra v. Principal Commissioner of Central Goods and Services Tax [Writ Petition No. 1632 of 2024 dated February 20, 2024]...
10 Apr GSTN Issues Advisory on Automatic HSN-wise Summary Population in GSTR-1 Table 12 from e-Invoices
The GSTN has released an important Advisory No. 630 dated April 09, 2024, regarding the automatic population of HSN-wise summaries from e-Invoices into Table 12 of GSTR-1....
09 Apr Reinstatement of GST Numbers Contingent on Clearing Dues Highlights Tax Adherence and Procedural Flexibility
This case law concerns a judgment from the High Court of Jammu & Kashmir and Ladakh, which offers a lifeline for GST compliance by restoring GST registration upon the settlement of dues....