SIGN IN SUBSCRIBE

News Update

We are deepening economic ties with India, says US official8 Dutch engineers build world’s longest bicycle - 180 feet, 11 inchesMake the amnesty equitableNon-bailable warrants keep piling up against Vijay Mallya; Latest comes in Rs 180 Cr loan default caseCBIC hikes Central Excise duty on crude to Rs 6000 per tonne w.e.f July 2Unpacking Legal Circulars: The Scoop on Warranty and GST ImplicationsAustralia hikes visa fees to USD 1600 for foreign studentsProposed Sec. 128A of GST Act - some ruminationsGovt notifies CBI Court in Kolkata u/s 43 of PMLACus - Uploading assessment order on portal is not sufficient compliance of intimation: HC‘Dangerous precedent’, says Biden on latest SC ruling on immunity to PresidentCus - If any refund arises out of any order passed by the Commissioner(A)/Tribunal, unless a stay order is obtained, refund must be granted after three months from the date of the order: HCNorth Korea claims its ballistic missile now capable of ferrying super-large warheadsST - Petitioner was subjected to pay tax for the services availed for generation of power - Since Notification 15/2017-ST has been struck down, respondent to refund tax already paid: HCUS Supreme Court grants part relief to Donald Trump in poll subversion caseST - Non-imposition of Penalty - Once it is a discretion to be exercised, there can be no substantial questions of law arising thereof: HCUS Economy to grow at 2.6% in 2024: OECDGST - Transitional Credit - Recording invoices in the books of account, extension of time allowed u/s 140(5) proviso - However, it does not provide date by which such application is to be filed: HCBIS developing hub to connect UPI with four ASEAN countriesGST - Exports - Refund of IGST - Broken rings and chains supplied for making jewellery - Value of gold sold by jeweller would be shown inclusive of what is received - Respondent has excluded such value while working out refund - Matter remanded: HCTsunami of e-Way bills indicates strong economic growth momentum: GovtGST - GSTAT was not constituted when petition was filed - Since constituted now, petitioner directed to exhaust alternate remedy by filing appeal before it: HCC-DAC partners with MosChip & Socionext for design of High Performance Computing ProcessorGoyal interacts with industry leaders at HyderabadIndia to be lead chair of Global Partnership on Artificial Intelligence
Untitled Document

TODAY'S CASE (INDIRECT TAX)

Taxindiaonline.com



July 02, 2024

++ Cus - Uploading assessment order on portal is not sufficient compliance of intimation: HC

++ Cus - If any refund arises out of any order passed by the Commissioner(A)/Tribunal, unless a stay order is obtained, refund must be granted after three months from the date of the order: HC

++ ST - Petitioner was subjected to pay tax for the services availed for generation of power - Since Notification 15/2017-ST has been struck down, respondent to refund tax already paid: HC

++ ST - Non-imposition of Penalty - Once it is a discretion to be exercised, there can be no substantial questions of law arising thereof: HC

++ GST - Transitional Credit - Recording invoices in the books of account, extension of time allowed u/s 140(5) proviso - However, it does not provide date by which such application is to be filed: HC

++GST - Exports - Refund of IGST - Broken rings and chains supplied for making jewellery - Value of gold sold by jeweller would be shown inclusive of what is received - Respondent has excluded such value while working out refund - Matter remanded: HC

++ GST - GSTAT was not constituted when petition was filed - Since constituted now, petitioner directed to exhaust alternate remedy by filing appeal before it: HC

July 01, 2024

++ GST - Mandating that refund applications have to be filed electronically is contrary to rule 97A which permits manual filing of applications - Pay 10,000/- as costs: HC

++ GST - No  GST DRC-04 was issued - Payment of Rs.30 lakhs could not have been said to be voluntary as it was done during search, which search completed after two hours of payment - Authorities to return amount: HC

++ GST - Entire liability towards tax, interest and penalty was appropriated from petitioner's bank account - Interest of justice warrants that petitioner be provided an opportunity to contest tax demand on merits: HC

++ GST - Tax proposal was confirmed without the petitioner being heard - Order set aside and matter remanded, but upon the petitioner remitting 15% of tax demand: HC

++ GST - In absence of evidence of non-payment for more than 180 days, it could not have been concluded that petitioner was not entitled to avail ITC - Matter remanded: HC

++ GST - ITC - Purchase of goods vehicle, whether for furtherance of business - Petitioner to remit 10% disputed tax - Matter remanded: HC

++ GST - Petitioner could not participate in the proceedings since being unaware of the same - Matter remanded subject to petitioner remitting 10% of disputed tax demand: HC

++ GST - Petitioner's reply was construed as vague and not trustworthy because they failed to submit documents for reconciliation - Re-consideration is warranted in interest of justice subject to deposit of 10% of disputed tax: HC

++ ST - The case needs to be re-heard by Original Adjudicating Authority giving opportunity to appellant to defend their case effectively and explain the nature of income in respect of which Department is alleging levy of Service Tax: CESTAT

++ CX - The services on which credit was availed are integral to the business of manufacture carried out by appellants, impugned order cannot be sustained and is set aside: CESTAT

TIOL Tube Latest

TIOL Tube
India's Path to Becoming a Superpower: An Interview with Pratap Singh

TOP NEWS


AR not Afar by SK Rahman

VISION 360



Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.

TII LATEST

TIOLCORPLAWS LATEST