Sachin. P. Kumar & Associates’ Post

State-Tax Officers authorised can act as 'proper-officer' for IGST Act: The Hon ble Orissa High Court in the case of NARAYAN SAHU VERSUS UNION OF INDIA AND OTHERS - 2024 (12) TMI 870 - ORISSA HIGH COURT held that officers of State Tax are authorized to be Proper Officers as per Section 4 of the Integrated Goods and Services Tax Act, 2017 ( the IGST Act ) . The officers of State Tax are authorized to be proper officers under IGST Act subject to exceptions and conditions to be notified by the Government. Noting that there was no notification to limit the State Tax au... ... ... http://dlvr.it/TGtHp5 #GST #Articles #TaxLaws #TaxTMI

Section 234C of the Income Tax Act, 1961 imposes interest on late tax payments and specifies due dates for advance tax, which is crucial for taxpayers to avoid penalties. Check out our blog to know more - https://rebrand.ly/3bafab

At the heart of the analysis of this decision lies the question: Can exemption from excise duty, when granted to expedite industrial development, be taxable as a Subsidy under the Income Tax Act? The Hon'ble Amritsar Tribunal holds that the word “exemption” was not included in the ambit of section 2(24)(xviii) of the Act, though it specifically included the words subsidy, grant, cash incentive, duty drawback, waiver, concession and reimbursement. The scope of this section could not be enlarged to include “exemption” by interpreting that it is subsidy. #IncomeTaxAct #Interpretation #Taxation #AmritsarTribunal

TIMELINE FOR REFUND UNDER SECTION 38(3) OF THE DELHI VALUE ADDED TAX, 2004: Section 38 of the Delhi Value Added Tax, 2004 ( Act for short) deals with the refunds. Section 38 (1) provides that any amount of tax, penalty and interest that is in excess of the amount due from a person shall be refunded to him by the Commissioner. Section 38 (2) permits the Commissioner to first apply such excess to recover any other amount that is due under the Act or the Central Sales Tax Act, 1956 . Section 38(3) provides the assessee with the option of getting the refund or carrying it ... ... ... http://dlvr.it/T6ZK2M #GST #Articles #TaxLaws #TaxTMI

Service Tax not leviable for Rental Agreements in Name of Individual Partners for Jointly Owned Property: CESTAT [Read Order] #cestat #servicetax #rentalagreements #jointlyownedproperty #taxscan #taxnews Read More: https://lnkd.in/gnFRUx8e

Difference in balance sheet and in  ST-3 returns during same period: CESTAT remands to Decide on Payment of Service Tax due to difference #CESTAT #taxscan #taxnews Read More: https://lnkd.in/gBzbFM_2

HC set aside penalty for non-filing of Part-B of E-way bill as there was no intention on part of assessee for evasion of tax GST | CASE LAW  Summary: GST: Where impugned order passed under section 129(3) levying penalty on assessee for non filling up of Part 'B' of e-Way Bill, appeal against said order rejected, respondent-authorities not been able to indicate any mens rea on part of assessee for evasion of tax, impugned orders were to be set aside

Writing Down Inputs for Income Tax Purposes not same as Writing-Off Inputs under Rule 3 (5B) of CCR: CESTAT rules in favour of SAIL [Read Order] #incometax #CESTAT #CCR #SAIL #Taxscan #taxnews Read More: https://lnkd.in/g84Bas8B

HMRC charges interest when no tax is due The Chartered Institute of Taxation (CIOT) is lobbying the government to address unfair tax rules as HMRC interest rates on late payments rise The interest rate on late payment of tax is due to increase by a further 1.5% in April to 9%, with no equivalent increase in interest on overpaid tax. The CIOT is urging the government to re-introduce rules which enable HMRC to waive interest on underpaid VAT when no actual tax loss to the Exchequer occurs. #HMRC #Interest #Tax #Government #CIOT #interestrate #Exchequer #VAT

🔊 Don't have to carry the original Tax invoice with the items when goods in movement.(KAR HC) ➡ Issue: The case centered around whether the law mandates the original tax invoice to physically accompany goods during transportation? ➡ The taxpayer argued that there is no requirement under the law for the original tax invoice to be carried by the transporter. They relied on Rule 48 of the CGST Rules, which says that the invoice needs to be prepared in triplicate: one copy for the recipient, one for the transporter, and one for the supplier. ➡ The High Court sided with the taxpayer. They determined that neither the CGST Act nor the CGST Rules mandate the original tax invoice to travel with the goods. Consequently, the court order imposing tax and penalty was overturned, and the taxpayer to be received a refund. #gst#Caselaw#easeofdoing business