Direct Tax Weekly Flashback: 12 To 18 January 2025
Direct Tax Weekly Flashback for the period 12 to 18 January 2025.Delhi High Court Collection Of Market Information Doesn’t Qualifying Benchmarks Of PE, Seconded Employees...
KERALA GST BREAKING: E-Way Bill For Gold And Other Precious Metals Will Be Implemented W.E.F. 20.01.2025
In Kerala State, E-way Bill for Gold and other precious metals will be implemented w.e.f. 20.01.2025.The Commissioner of State Tax, notified implementation of e-waybill...
Delhi High Court Quashes Seizure, Detention Of Goods In Transit For Mere Minor Technicality
The Delhi High Court has quashed the seizure, detention of goods in transit for mere minor technicality.The bench of Justice Yashwant Varma and Justice...
Material Gathered In Previous Years Can’t Be The Basis Of Reassessment For Upcoming Years: Delhi High Court
The Delhi High Court has held that the material gathered in previous years cannot be the basis of reassessment for upcoming years.The bench of...
TPO Framed Order In The Name Of Non-Existent Entity ‘Cairn’ Instead Of Vedanta, Error Not Curable: Delhi High Court
The Delhi High Court Delhi High Court has held that the error committed by the Transfer Pricing Officer (TPO) in the name of non-existent...
Appellate Authority Empowered To Condone Delays Beyond Statutory Period Under Section 107(4) of GST Act: Calcutta High Court
The Calcutta High Court has held that appellate authority is empowered to condone delays extending beyond the statutory period under Section 107(4) of the...
Encouraging Use Of Indian Rupee For Settlement Of Cross Border Transactions: RBI Relaxes FEMA Regulations
The Reserve Bank of India has issued a press release regarding the relaxation of FEMA Regulations. To encourage greater use of Indian Rupee (INR) for...
CBIC Reduces GST On These Goods
The Central Board of Indirect Taxes and Customs (CBIC) on the recommendation of the 55th GST Council Meet has notified the GST reduction on...
CBIC Notifies Implementation Of Sea Cargo Manifest And Transhipment Regulations
The Central Board of Indirect Taxes and Customs (CBIC) has notified the implementation of Sea Cargo Manifest and Transhipment Regulations (SCMTR). As per the schedule,...
IGST Exemption Extended On Equipment Meant For Manufacture Of LRSAM System: CBIC
The Central Board of Indirect Taxes and Customs (CBIC) on the recommendation of the 55th GST Council Meet has notified the extension of IGST...
CBIC Lays Down These Conditions For Availing IGST Exemption On Imports Of All Equipment And Consumable Samples By Inspection Team Of IAEA
The Central Board of Indirect Taxes and Customs (CBIC) on the recommendation of the 55th GST Council Meet has notified the Integrated Goods and...
CBIC Lays Down Conditions For Availing Benefit Of Reduce Rate Of Compensation Cess to 0.1% On Supplies To Merchant Exporters
The Central Board of Indirect Taxes and Customs (CBIC) on the recommendation of the 55th GST Council Meet has notified the conditions for availing...
Interest On Delayed Credit Reversal In Inverted Duty Structure By Textile Manufacturer Is Unjustified: Madras High Court
The Madras High Court has held that interest on delayed credit reversal in inverted duty structure by textile manufacturers is unjustified.The bench of Justice...
CBIC Excludes These Taxpayers From Composition Levy Scheme
The Central Board of Indirect Taxes and Customs (CBIC) has, on the recommendation of the 55th GST Council Meet, excluded certain taxpayers from the...
GST Exemption On Third-Party Motor Vehicle Premiums Collected Towards Motor Vehicle Accident Fund: CBIC
The Central Board of Indirect taxes and Customs (CBIC) on the recommendation of the 55th GST Council Meet, notified the GST exemption on third-party...
CBIC Amend Definition Of Specified Premises To Link It With Actual Value Of Supply Of Any Unit Of Accommodation Provided By Hotel
The Central Board of Indirect Taxes and Customs (CBIC) on the recommendation of the 55th GST Council Meet has notified the amendment in the...
Permissible Limit Of Gold Under Baggage Rules Not In Tune With Current Market Value Of Gold: Delhi High Court Directs CBIC To Re-Look
The Delhi High Court has held that the values of gold that would be permissible under the Baggage Rules would also have to be...
Income Tax Commissioner Can Exercise Revisional Jurisdiction: Kerala High Court Dismisses Cochin International Airport’s Appeal
The Kerala High Court while dismissing the appeal filed by the Cochin International Airport Ltd. held that the Income Tax Commissioner can exercise revisional...
GST Dept. Failed To Prove Tax Evasion Intent Citing Delivery Note: Kerala High Court
The Kerala High Court has held that the Goods and Service Tax (GST) department has failed to prove tax evasion intent citing delivery note.The...
Buyer To Prove Tax Payment By Supplier For Availing GST ITC: Kerala High Court Dismisses Petition Citing Single Bench Observation
The Kerala High court has held that the burden of proof lies on the buyer to prove tax payment by the supplier for availing...
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