GST – ITC cannot be availed on works contract service for construction of factory building whether such construction is on own account or otherwise; ITC will be available on plant and machinery including machine foundation
Limitation extension order passed by the Supreme Court in view Covid-19 applicable to applications filed for refund of GST
GST : Limitation mentioned in para 3 of Press release dated 18-10-2018, clarifying that last date for availing ITC for invoices issued from July, 2017 to March, 2018 is last date for filing return FORM GSTR-3B for month of September, 2018 is valid.
No violation of the principle of Natural justice if the assessee fails to response to the notice issued u/s 142(1)
No penalty for non-payment of Self Assessment Tax if non payment was the result of acute financial stringency
Appreciation in the value of the foreign currency & its taxation: Observation of the Karnataka HC in EID Parry Ltd
Unsecured Loans: If assessing Officer had already made detailed enquiries in respect of loan received by assessee, Revision order deserved to be set aside
Payment in cash exceeding Rs. 20,000/- : The expenditure be allowed as Deduction if the transactions were found to be genuine
Whether GST shall be included while calculating the gross turnover or receipt for calculating income u/s 44AD or 44ADA?
SLP filed in Supreme Court against order of Allahabad High Court quashing reassessment notices u/s 148
Gujarat High Court quashed the Confiscation Notice GST MOV-10: Held that goods in transit cannot be confiscated on the grounds of Under-valuation and Wrong Route.
Gujarat HC asked CBDT to extend the audit report filing date to 15th March if technical glitches continues
