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GST ComplianceCan the buyer be denied the ITC on account of the fraud or malpractices committed by the supplier?
The Goods and Services Tax (GST) cannot be expected to be completely insulated from the adverse impact of the tax cascade prevalent in any Indirect tax system. However, with a view to mitigating – if not completely eliminate – this adverse impact of the
Advocate Shailesh ShethApr 17, 2021
GST ComplianceAAR Update- GST @5% applicable on pick up charges paid to the owner/driver
This post provides an update about the recent decision of the Karnataka Authority for Advance Ruling (‘AAR’) in the case of M/S KOU-CHAN TECHNOLOGIES PVT LTD (AAR No. KAR ADRG 22/2021) (“The Applicant”). The AAR was dealing with the transactions involved in a business model
CA Prerna BirlaApr 16, 2021
ROC FilingsKey Developments in Companies Act 2013
Amendment To Schedule-III Applicability: Applicable on All Companies for the Financial Year on or after 01st April 2021 i.e, for the Financial Statements ending as on 31St March 2020 (F/Y 2021-22) Purpose: To provide more transparency; To align the Companies Financial Statements in accordance with
GST LitigationOrissa HC in the case of M/s Indian Farmers Fertilizers Co-Operative Ltd. Vs UOI
Case Covered: M/s Indian Farmers Fertilizers Co-operative Ltd Vs Union of India Order: 1. This matter is taken up by video conferencing mode. 2. On the previous date, the Court had passed the following order: “Heard Mr. P.K. Jena, learned counsel for the Petitioner and
GST ComplianceSupply of Goods with Installation Services- Composite Supply or Independent Supply?
In an Application filed before AAR, Karnataka by M/S. Bharat Earth Movers Limited, (BEML) Facts: The applicant has participated in the Tender and was a successful bidder for the Supply of “150 numbers of Standard Gauge Intermediate Cars compatible with and suitable for integration with
CA Rachit AgarwalApr 15, 2021
GST LitigationDelhi HC in the case of Del Small Ice Cream Manufacturers Welfare’s Association (Reg.)
Case Covered: Del Small Ice Cream Manufacturers Welfare’s Association (Reg.) Versus Union of India Facts of the Case: The petitioner, claiming to represent the interest of more than 50 small scale ice cream manufacturing units operating in the National Capital Territory of Delhi has filed
ROC FilingsPresentation on Amendments in Schedule III
Division II (Ind AS) Ministry of Corporate Affairs (MCA) has brought value-adding disclosures in Schedule III of the Companies Act, 2013 vide notification dated March 24, 2021. These will provide vital information to stakeholders which were otherwise not available to stakeholders. Amendments have been made
CA Rishabh VermaApr 15, 2021
EducationHow To Make A Career In Taxation ?
Introduction In this time of Pandemic, there is only one thing running without any break. That is compliances and litigation. No matter what is the situation outside, Businesses find it inevitable to do the compliances. This time has opened the floodgates of opportunities in the
Income Tax LitigationDelhi ITAT Order in the case of ACIT V/s. M/s GTM Builders & Promoters Pvt. Ltd.
Case Covered: ACIT Versus M/s GTM Builders & Promoters Pvt. Ltd. Facts of the Case: The present appeal has been filed by the revenue against the order of ld. CIT(A)-41 , New Delhi dated 25 .03.2015. Following grounds have been raised by the revenue: “1.
GST ComplianceClarification on Reporting 4-digit/6-digit HSNs: CBIC
GST helpdesk is in receipt of some tickets at helpdesk wherein it was reported that certain 6-digit HSN codes are not available in HSN Master/ not accepted on e-invoice/e-Waybill portals. Background: Notification No. 12/2017-Central Tax dated June 28, 2017, as amended vide Notification No. 78/2020
GST LitigationSC Order in the case of Ghanashyam Mishra And Sons Private Limited
Case Covered: Ghanashyam Mishra And Sons Private Limited Versus Edelweiss Asset Reconstruction Company Limited Facts of the Case: The short but important questions, that arise for consideration in this batch of matters are as under: (i) As to whether any creditor including the Central Government,
GST LitigationGujarat HC Order in the case of M/s Sanganer Enviro Project Development Versus State of Gujarat
Case Covered: M/s Sanganer Enviro Project Development Versus State of Gujarat Oral Order: By way of a present petition under Articles 226, 227, and 14 of the Constitution of India, the petitioner has prayed for the following reliefs: “(A) That the Hon’ble Court be pleased to