Delhi HC allows Form GSTR-3B rectification for July to September 2017

Delhi HC allows Form GSTR-3B rectification for July to September 2017

In a recent judgment pronounced by Hon. Delhi High court in the case of Bharti Airtel Ltd Vs. Union of India & Ors, It...

No Interest on delayed GST payments made through ITC: Madras High Court

The Hon’ble Madras HC in its recent decision in the case of Refex Industries Limited v. The Assistant Commissioner of CGST & Central Excise  has...
Liaison Office of UAE Exchange in India are not Permanent Establishment under DTAA

Liaison Office of UAE Exchange in India are not “Permanent Establishment” under DTAA &...

Supreme Court, In a significant ruling granted relief to UAE Exchange by holding that no income tax can be levied on its liaison offices...
NAA held No Profiteering if base price remains same pre & post rate reduction

NAA held No Profiteering if base price remains same pre & post rate reduction

Anti-Profiteering has issued Order No. 19/2019 dated March 13, 2019 in case of Kerala State Level Screening Committee on Anti-Profiteering (Applicant) Vs. M/s. Somany...
Revenue to Approach Supreme Court, Review Petition on TRAN -1 legalfilings

Revenue to Approach Supreme Court, Review Petition on TRAN-1

High Court of Punjab and Haryana gave an important judgment dated 29th November,2019 regarding order passed by relying upon the judgment of other high court,...
collective leasing of property

No exemption for ‘resident dwelling’ to collective leasing of property for student accommodation: AAR

AAR of Karnataka gave an important ruling dated March 23, 2020 regarding the taxability of services provided by the applicant in a case of...
cestat

Sponsorship and Endorsement expenses incurred by Importer not includible in transaction value of imports

CESTAT Delhi, In a recent ruling held that Sponsorship and Endorsement expenses incurred by Importer not includible in transaction value of imports. Adidas India...

Rebate of Excise Duty allowed in Cash instead of Cenvat Credit in Post GST...

Facts: Thermax Ltd. (Petitioner) is engaged in the manufacture of Boilers, Heaters, Heat Pumps and Pollution control equipment for industrial use and all these equipment’s...
Cenvat Credit cannot be denied on assumptions of Malafide intention: Punjab and Haryana HC

Cenvat Credit cannot be denied on assumptions of Malafide intention: Punjab and Haryana HC

High Court of Punjab and Haryana, in a recent judgement held that the benefit of Rule 6(3) of the Cenvat Credit Rules can not...
Director remuneration cannot be disallowed merely due to approval post payment

Director remuneration cannot be disallowed merely due to approval post payment :Delhi High Court

Case Name : PCIT Vs MLS CBRE South Asia Private Limited ((Delhi High Court) Date of Judgement: 13/02/2020 Fact of the Case: The facts of the case are...
Customs hearings to be conduct in virtual mode

Customs hearings to be conduct in virtual mode- Guidelines Issued

The Central Board of Indirect Taxes & Customs ,  on account of recent outbreak of COVID-19 (Coronavirus) vide Instruction No. F. No. 390/Misc/3/2019-JC,dated 27th April, 2020 has...
Redemption of MF units not to attract stamp duty but switching in MF will: Sebi

Redemption of MF units not to attract stamp duty but switching in MF will:...

Capital markets regulator Sebi on Wednesday said stamp duty is not applicable on redemption of mutual fund units but switching in mutual fund would...
Works Contract under GST in India

Works Contract under GST in India

There are lots of Queries regarding the transactions which are covered under Works Contract & which are not. In this Article we look on...
TDS payment due date for FY 2020-21 and AY 2021-22

TDS payment due date for FY 2020-21 and AY 2021-22

This article covers TDS payment due date for FY 2020-21 and AY 2021-22, Due dates for TDS quarterly Returns, Interest on late payment and...
All Income Tax Return Due Date Extended for FY 2019-20

All Income Tax Return Due Date Extended for FY 2019-20

As a part of Covid-19 relief package, Finance Minister Nirmala Sitharaman on 13th May, 2020 announced that the income tax return...