In a recent ruling by the Honorable Allahabad High Court in the case of Mgs Palace v. State of Uttar Pradesh [Writ Tax No. 1390 of 2023 dated January 03, 2024], a significant legal principle regarding tax proceedings was highlighted. The court emphasized the subjective
Introduction: The Central Board of Indirect Tax and Customs (CBIC) is set to introduce new guidelines aimed at refining the conduct of Directorate General of Goods and Services Tax Intelligence (DGGI) officials during tax investigations. This move, anticipated to be outlined in a forthcoming circular,
In the legal case of Fairdeal Metals Ltd. versus the Assistant Commissioner of Revenue, State Tax, Bureau of Investigation (NB), the Calcutta High Court reached a decision regarding the responsibility for fraudulent Input Tax Credit (ITC) claims by a supplier. Fairdeal Metals Ltd., the petitioner,
Introduction: In a recent ruling by the Telangana Authority of Advance Ruling (AAR), the All India Institute of Medical Sciences (AIIMS) was denied GST exemption on pure services received from vendors. This decision, based on the omission of the phrase “Governmental Authority” from GST exemption
In a significant development, the Punjab Excise and Taxation Department, in collaboration with the Fatehgarh Sahib police, has apprehended a GST fraudster for fraudulently claiming Rs 3.65 crore in input tax credit (ITC). Punjab’s Finance, Planning, Excise, and Taxation Minister, Harpal Singh Cheema, disclosed that
On Monday (February 19), the Supreme Court stayed proceedings in the criminal case against Karnataka Chief Minister Siddaramaiah, related to a protest march conducted by him in 2022 demanding the resignation of then Rural Development and Panchayat Raj Minister KS Eshwarappa. The Court also stayed
In a recent judicial pronouncement, the Madras High Court rendered a significant decision in the case of Ingram Micro India (P.) Ltd. v. State Tax Officer, highlighting the crucial importance of assessing authorities thoroughly considering evidence before reaching conclusions, particularly in matters concerning tax assessments.
Development Rights are leviable to GST – Telangana High Court M/s. Prahitha Constructions Private Limited, WP No. 5493 of 2020 A. Limited contentions of the Petitioner 1. Transfer of Development Rights of land by the land owners to the petitioner by way of a Joint
Introduction Overview of the Central Board of Indirect Taxes and Customs (CBIC) Instruction No. 02/2024-Customs dated February 15, 2024. Emphasis on timely sharing of incident reports to enhance risk profiling and prevent smuggling. Historical Context Establishment of guidelines and formats for reporting arrests and incidents.
Navigating GST Compliance for E-commerce Entities: Recent Amendments and Implications In the rapidly evolving landscape of e-commerce, adherence to Goods and Services Tax (GST) regulations is paramount. Recent amendments, particularly regarding composite taxpayers working with e-commerce operators, have significant implications. Let’s delve into the specifics
