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“Supreme Court’s Suo Motu Jurisdiction Clarification”
The Supreme Court, in response to a Single Judge of the Madras High Court taking suo motu revision against the discharge of Tamil Nadu Revenue Minister KKSSR Ramachandran in a corruption case, expressed the view that the judge should have ideally consulted the Chief Justice
Streamlining Tax Disputes: GSTAT’s Journey
1. Legislative Milestones: Central GST (Second Amendment) Bill Approval Parliament’s Approval of the Bill Amendments to Age Limits for GSTAT President and Members Synchronization with Tribunal Reforms Act of 2021 2. Operational Progress: Updates from Revenue Secretary Sanjay Malhotra Clarifications on GSTAT Commencement Media Advertisement
Undervaluation cannot be reasons for detention of goods
Undervaluation cannot be reasons for detention of goods in transit if vehicle containing the goods is accompanied by proper invoice and e-way bill Hon’ble Allahabad High Court in case of M/S Shamhu Saran Agarwal and Company Versus Additional Commissioner Grade-2 and 2 Others in Writ
CA Rachit AgarwalFeb 5, 2024“GST Cross-Empowerment: Legal Limbo & Taxpayer Rights”
Cross-Empowerment of Central and State Authorities Under GST: Judicial Views The Goods and Service Tax (GST) regime in India has brought about a new system of taxation, where both the central and state governments have concurrent powers to levy and collect tax. This has led
DGGI’s Crackdown: Exposing Fake ITC Syndicates and Apprehending Tax Evaders
Introduction In an ongoing battle against fraudulent Input Tax Credit (ITC) activities, the Directorate General of GST Intelligence (DGGI) has intensified its efforts, resulting in significant breakthroughs. Utilizing advanced data analysis tools, the DGGI has uncovered elaborate schemes orchestrated by tax evaders, leading to the
Overview of Key Changes in ITR Forms for Assessment Year 2024-25
Introduction: The Income Tax Department has introduced significant changes in the Income Tax Return (ITR) forms for the Assessment Year 2024-25, aimed at streamlining the filing process and ensuring compliance with tax regulations. These modifications encompass various aspects of tax reporting and incorporate amendments introduced
“Paytm Ban: Navigating the Future of Digital Banking”
Introduction The recent news of the Reserve Bank of India (RBI) banning Paytm has sparked widespread reactions and even led to the creation of memes. However, this decision didn’t happen overnight and is the culmination of regulatory actions against the popular online banking platform. Background
“Delhi High Court’s Procedural Fairness Ruling”
Introduction In a recent ruling, the Delhi High Court underscored the imperative for the Delhi Development Authority (DDA) to adhere to principles of natural justice in its actions, particularly regarding property demolitions. This ruling stemmed from a plea filed by Bal Kishan Gupta challenging the
No Penalty if the documents are produced before passing the order
Comment There were differences in various documents but that was corrected by the taxpayer. In case the correct documents are presented before the authorized before passing the order then it should be accepted by the authorities. Details of the case Citation M/S Axpress Logistics India
CA Shafaly GirdharwalFeb 2, 2024Key Legal Ruling: Shipping Bill Details and GST Refund Claims
Non-incorporating the details of the shipping bills in the GSTR-1 would not result in denial of Refund claim if taxpayer in possession of Shipping Bills Hon’ble Calcutta High Court in case of Mr. Sunil Kumar Poddar Versus The Additional Commissioner (Appeal), Siliguri Appeal Comissionerate &
CA Rachit AgarwalFeb 2, 2024High Court Interim Order in Abdus Sami Saifi v. Union of India and Ors.: Insights and Ramifications
Introduction: The case of Abdus Sami Saifi v. Union of India and Ors. [Civil Writ Petition No. 892/2024] recently came before the Hon’ble Rajasthan High Court, raising crucial questions regarding the validity of Notification No. 53/2023 dated November 2, 2023, and provisions of Section 107(4)
CBIC Resumes Bill of Entry Filing Services: Enhancing Customs Clearance Efficiency
Introduction: The Central Board of Indirect Taxes and Customs (CBIC) has taken proactive steps to resume Bill of Entry filing services following the incorporation of budget-related changes in the Customs Electronic Data Interchange (EDI) system. CBIC’s Response to Budget-Related Changes: In response to recent budget