Tax Guru2h
No interest due on excess ITC reversal under retrospective Section 50 amendment: Bombay HC
(iii) relies on retrospective amendment to section 50 of the act, where there was sufficient credit balance through out the ...
Tax Guru1h
HC Criticizes Revenue, Orders Action Against Erring GST Officers & Recovery of Funds
High court lambasts the Revenue and directs the Ld. Commissioner of GST to take action against erring officers and recover ...
Tax Guru1h
SVLDRS-3 Issued Without Hearing Violates Natural Justice: Bombay HC
Bombay high court remands matter back to Designated committee as designated committee passed final order in form SVLDRS-3 ...
Tax Guru3h
Biometric Aadhaar Authentication for GST Registration in Chhattisgarh, Goa & Mizoram
1. Rule 8 of the CGST Rules, 2017 has been amended to provide that an applicant can be identified on the common portal, based ...
Tax Guru4h
Non-stamping of promissory note cannot be reason to reject application u/s. 7 of IBC: NCLAT Delhi
NCLAT Delhi held that since other materials on record prove the disbursement of amount and default, non-stamping of ...
Tax Guru3h
SVLDR Scheme Benefit Covers Redemption Fine After Duty Payment Acceptance
Bombay High Court held that once application under Sabka Vishwas (Legacy Dispute Resolution) Scheme [SVLDR Scheme] for ...
Tax Guru3h
High Court has power to condone delay in filing GST appeal
Held that, the powers to hear the appeal in terms of Section 107 of the CGST Act would not be subject to filing of an appeal ...
Tax Guru6h
Benefit of SVLDR Scheme extends to redemption fine post acceptance of application for payment of duty
Bombay High Court held that once application under Sabka Vishwas (Legacy Dispute Resolution) Scheme [SVLDR Scheme] for ...
Tax Guru6h
Section 43 of IBC not attracted where no transaction was made by Corporate Debtor: NCLAT Delhi
NCLAT Delhi held that provisions of section 43 of the Insolvency and Bankruptcy Code, 2016 (IBC) cannot be attracted where no ...
Tax Guru6h
No Justification for Slapping Scheduled Caste MP, Using Derogatory Words in Public: Bombay HC
The schedule annexed to the said Act refers to Section 323 of the I.P.C. Therefore, though the investigating agency has not ...
Tax Guru6h
Delayed payment of refund causes serious prejudice to both revenue and assessee: Bombay HC
Bombay High Court held that delayed payment of refund burdens public exchequer with interest amount and also causes serious ...
Tax Guru1h
Taxation framework for Startups in India
The recognized startups that are granted an Inter-Ministerial Board Certificate are exempted from Income Tax for a period of 3 consecutive years out of 10 years since the incorporation. Startups ...