The Coram of Sulekha Beevi (Judicial Member) and P. Anjani Kumar (Technical Member), CESTAT (Chennai) allowed an appeal which was filed against the order of the Commissioner (Appeals), wherein the Commissioner (Appeals) by rejecting the method adopted by the appellant under Rule 6(3A)(ii) of CCR Rules, 2004, to reverse the Credit, had compelled the appellant …
Ever wondered how Gaming Companies are taxed for their services under GST. GST may be levied at 18%/ 28% but litigations are rising on value for levying tax. Should it be the entire amount you pool or only the Commission retained by these Companies? Check out our Article for the ongoing issue, Government’s perspective and …
In a recent decision dated 02.11.2020, Hon’ble High Court of Delhi has made an important ruling on the scope of Section 128 of Chapter-V: “Sabka Vishwas (Legacy Dispute Resolution Scheme), 2019. Citation: Bhawna Malhotra v. Union of India, W.P (C) 7350/2020, Delhi High Court dated 02.11.2020 Facts As per the facts of the case, the …
The provisions pertaining to Personal Guarantor under IBC were enforced w.e.f 01.12.2019 by the Ministry of Corporate Affairs. The issue of insolvency resolution of Personal Guarantors to Corporate Debtors has assumed importance only recently. Further, the issue of constitutionality of provisions of Personal Guarantors in IBC is pending before Hon’ble Supreme Court. In this backdrop, …
A division bench of Hon’ble Delhi High Court vide order dated 22.10.2020 has quashed the order passed by the National Anti-Profiteering Authority (NAPA) in the matter of Shree Sai Kripa Marketing v. UOI W.P.(C) No. 8161 of 2020 for being arithmetically wrong. The NAPA in the impugned order had held that the Petitioner had profiteered …
Haryana Tax Bar Association and Punjab & Haryana Chapters of National Association of Tax Professionals recently organized a Webinar on: Joint Development Agreements under GST Speaker: Sh. Puneet Agrawal, Advocate, Delhi The video for the webinar may be accessed here: Joint Development Agreement by Puneet AgrawalWatch this video on YouTube
When the whole of the India was in complete lockdown from 24th March’20 to 31st May’20 due to COVID-19, and the Government was extending assistances to the assessees all over India in forms of extending the time limits for filing returns, payment of tax or by issuing circulars and directing the authority for expeditious disposal …
The Hon’ble High Court of Delhi has been pleased to issue notice in the case of Insitel Services Pvt. Ltd. V. Union of India W.P. (C) 6486/2020, where the illegality of Rule 90(3) of the CGST Rules have been challenged. It is pertinent to mention that Rule 90(3) of the CGST Rules provides for the …
The GSTN has finally deployed the updated functionality in relation to the issuance of a debit note and a credit note against multiple invoices on the Portal. As per the new functionality, details of original invoice(s) number are not required to be mentioned while reporting the Debit/Credit Note. A brief look into the significant role …
The “Punjab & Haryana High Court” in the case of Vinyl Tubes Pvt. Limited v. Union of India CWP No. 9863 of 2020, during hearing of the case, took notice that refunds in case of zero rated supplies are being delayed in number of cases for a considerable period of time; and when granted on …
