ITC should have Blocked only after conveying Recorded Reasons to Dealer: Allahabad High Court [Read Order]
The Allahabad High Court ruled that the Input Tax Credit (ITC) should have Blocked only after conveying recorded reasons to the Dealer. The petitioner, M/s North End Food Marketing Pvt. Ltd. is mainly dealing in
Job Work involving Conversion of Raw Materials Owned by other Registered Dealers attracts 12% GST: AAR [Read Order]
The Gujarat Authority for Advance Ruling (AAR) observed that the job work involving conversion of raw materials owned by other registered dealers attracts 12% GST. The applicant, Shree Avani Pharma, is a partnership firm and
Cash Payments made to Wholesale dealers cannot be disallowed if the same was due to Business Exigencies: ITAT Mumbai [Read Order]
In a recent ruling, the Mumbai bench of the Income Tax Appellate Tribunal observed that the cash payments made to the whole sale vendors because of business exigencies cannot be disallowed by invoking section 40(3)
Kerala HC Deletes Order since provision denying Composition Scheme to dealer making inter-State purchase of packing materials was introduced subsequently [Read Judgment]
While hearing the case of M/s Golden Fork Restaurant and Catering Co.(p) Ltd Vs. Commercial Tax Officer, High Court of Kerala recently deleted the order passed by the department since the provisions under section 8(c)
Failure to Produce the dealers would not make the Entire Purchases ‘Bogus’ for the purpose of sec 69A: ITAT Mumbai [Read Order]
In Rupesh Chimanlal savla v. ITO, held that a purchase cannot be treated as bogus only because the assessee failed to produce the dealers. Deleting the addition made under section 69A of the Income Tax
Relief to Nokia: Delhi HC allows Expenditure on Mobile Phones distributed to Employees, Dealers and Sales Personnels [Read Judgment]
In a major relief to Nokia, the Delhi High Court has held that the company is eligible to get the deduction in respect of the cost incurred on distributing mobile phones to its employees, dealers
Delhi Govt DVAT Dealers to submit Closing Stock Details held by them pre-GST Rollout [Read Notification]
The Department of Trade and Taxes, Delhi directed all the dealers who were registered under DVAT (Delhi Value Added Tax) to submit details of closing stock as held by them on 31st Mar & 30th
State bound to Recover differential VAT from dealers: Kerala High Court upholds Validity of Demand Notices [Read Judgment]
The Kerala High Court while upholding the validity of the demand notices ruled that the state is bound to recover differential Value Added Tax (VAT) from dealers. When the compounded tax for dealers in ornaments
Madhya Pradesh HC Upholds Levy of Advertisement Tax on Sign Boards affixed on Premises of Dealers, Distributors & Retailers [Read Judgment]
While disposing a bunch of petitions, a division bench of Madhya Pradesh High Court has upheld the imposition of advertisement tax levied by the Indore Municipal Corporation on the sign boards erected by the dealers,
Madras HC directs Sales Tax Authority to make De novo Reassessment as no objections were sent by the Dealer [Read Order]
The Madras High Court directed the Sales Tax Authority to make De novo Reassessment order after considering the objections of dealers. The writ petitioner, Tvl.South India Engineering Corporation submitted that impugned orders which have been
Gujarat Mobile Phone Dealers Evade Rs 22 Crore in Taxes through Improper Rebate Claims: State GST Dept.
The State Goods and Services Tax (GST) department of Gujarat conducted thorough investigations into 79 mobile phone dealers situated in various cities, including Ahmedabad, Vadodara, Surat, Rajkot, and Bhuj. The investigation revealed a substantial case
No Income Tax Deduction Allowable for Commission Payments Without Examination/Verification of Agreement between Payer and Dealers: ITAT [Read Order]
The Bangalore Bench of Income Tax Appellate Tribunal (ITAT) held that the Assessment Order allowing deduction of commission payments has been passed without verification, which should have been made, and the Principal Commissioner of Income
TCS collected by Dealer not includable in Purchase Value of Vehicle: Kerala HC directs Assessing Authority to Redetermine Tax [Read Order]
The Kerala High Court directed the Assessing Authority to redetermine tax in the matter that the TCS collected by dealer not includable in purchase value of vehicle. The writ petition was filed to issue a
VAT on Road Tax, Insurance Premium, Octroi Duty and Other Charges Collected by Vehicle Dealers: Bombay HC Directs Enquiry
The Bombay High Court has directed the VAT department to conduct an enquiry on whether VAT shall be applicable on the amount of road tax, insurance premium, octroi duty and other charges collected by the
Contract by Exclusive Dealer of Bentley Cars with Indian Customers for Extended Warranty does not create a PE: ITAT [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has recently held that, a contract for extending the warranty of Bentley Cars, entered into by the exclusive dealer with the customers in India does