When capital goods are sold, Section 18(6) of the GST Act and Rule 40(2) dictate that the GST payable is the higher of the tax levied on the transaction value or the input tax credit (ITC) reduced ...

The Uttarakhand High Court has set aside a tax demand order issued by the Assistant Commissioner against Sai Vishwas Polymers ...

Despite the clear legislative intent behind Section 87A, taxpayers have been receiving intimations under Section 143 (1) of ...

The CBDT has notified ITR-Form 3 for AY 2025-26 through Notification No. 41/2025 dated 30.04.2025, introducing significant ...

At first glance, the section may not appear to involve any technical complexities; however, upon actual application, several ...

The financial statements have been prepared in accordance with the Guidance Note issued by the Institute of Chartered ...

Section 6 of the CGST Act, dealing with the cross-empowerment of central and state tax authorities, has been the subject of ...

Applicability of filing the return with Ministry of Corporate Affairs (“MCA”) Pursuant to order dated January 22, 2019 issued under section 405 of the Companies Act, 2013, all companies who get ...

The notification specifically states that in Appendix-II of the existing rules, FORM ITR-5 will be replaced with a new form. This change is made in exercise of the powers conferred by section 139 read ...

The case originated when Sapphire Foods received a show cause notice from the Commercial Tax Officer, Ward 8, Chandigarh, under Section 21 of the UTGST Act, 2017, concerning alleged non-payment of GST ...

The case involved Ramesh Agency challenging an assessment order dated December 20, 2023. According to the petitioner, a show cause notice (SCN) in form DRC-01 was issued on September 28, 2023, which ...

Furthermore, the ITAT addressed the Commissioner’s observation regarding the commencement of activities. The Commissioner had argued that since the asram had been operational for a long time, its ...