State Govts Deemed to be Registered Dealers for the purpose of ITC: SC Upholds Validity of the Provisions of the TN VAT Act, 2006 [Read Judgment]
The Supreme Court of India upheld the decision of the High Court of Judicature at Madras has dismissed a batch of writ petitions which challenged the constitutional validity of the provisions of the Tamil Nadu
Hyderabad District Commission makes Volkswagen’s Dealer liable for Unfair Trade Practice on Failure to issue Tax Invoice for Extended Warranty
The Hyderabad District Commission made Volkswagen's dealer liable for unfair trade practice on failure to issue tax invoice for extended warranty. The complainant Mrs Aarti Baldwa purchased a Volkswagen Taigun vehicle from an authorized dealer,
Madras HC directs Tobacco Dealer to Appellate Authority on alleged wrong availment of ITC as per Rule of Alternate Remedy [Read Order]
The Madras High Court  directed the  tobacco dealer to Appellate Authority  as per the Rule of Alternate Remedy. The Writ petitioner, Tvl.F.M.Sales & Marketing is a registered dealer in the office of the respondent under
No need to Furnish the Personal details of the concerned dealer to the assessee during the proceedings under TNGST Act: Madras HC [Read Judgment]
In a recent decision, the Madras High Court observed that the personal details of the concerned dealer cannot be compelled to be furnished to the assessee during the course of the proceedings under the Tamil
RTA Registration Fee collected from Vehicle Buyers Taxable only If Dealer does not discharge Statutory Liabilities: ITAT [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) has recently held that the provisions of section 43B of the Income Tax Act, 1961 will not apply to RTA Registration Fee collected by vehicle
Govt hikes Threshold limit for GST Registration for certain Dealers operating from 5 Special Category States [Read Notification]
The Central Board of Indirect Taxes and Customs (CBIC) has increased the threshold limit for GST registration to 20 Lakhs for certain dealers operating from 5 special category states. As per the notification issued by
GST: Delhi Govt. notifies GSTR-1 due date for dealers with turnover exceeding Rs.1.5 Cr [Read Notification]
The Delhi Government notified GSTR-1 due date for dealers with turnover exceeding  Rs.1.5 Crore. The government notified that registered persons with turnover more than Rs.1.5 Crore shall furnish the details of outward supply of goods
Expenses towards Renovation of Business Showrooms ‘Revenue’ in Nature: ITAT allows Income Tax Deduction to Skoda Dealers [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench has held that the expenses incurred by the car dealers towards renovating its four business showrooms are revenue in nature for the purpose of allowing deduction under
Payment of Rs. 22 Lakh in Cash to Wholesale Dealer attracts Disallowance u/s 40A(3): ITAT [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal ( ITAT ) disallowed the tax deduction on grounds that an amount of 22 Lakhs payment to the whole sale dealer was made fully in cash which
Relief to Reliance Commercial Dealers on use of Aircraft for Non-Scheduled (passenger) Services: CESTAT allows Duty Exemption [Read Order]
As a relief to Reliance Commercial Dealers, the Delhi Bench of the Customs, Excise & Service Tax Appellate Tribunal (CESTAT) has allowed the duty exemption on the use of aircraft for non-scheduled (passenger) services. The
Relief to Reliance Commercial Dealers: 10% TDS Applicable on Payment to FSII for for Availing Training of Pilots, rules ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal held that taxation rate is not to exceed 10% under Article 12 of the DTAA between India and France. The assessee is a company engaged in
Excise Duty Deduction for Discount to Dealers at the Time of Clearance of Goods from Depot: CESTAT allows Provisional Assessment [Read Order]
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Delhi bench has allowed a provisional assessment requested by the assessee in order to claim excise duty deduction towards discount provided to dealers at the time
Excess ITC has to be Refunded back to Dealer, can’t be carried Forward for Adjustment of Future Tax Liability: Madras HC [Read Judgment]
The High Court of Madras held that excess Input Tax Credit (ITC) has to be refunded back to the dealer. There was no provision for carrying forward such Input Tax Credit for adjustment of tax
No Excise Duty on Valuation under S. 4 A of Physician Sample of Medicaments sold to Dealers for Free Distribution to Doctors: CESTAT [Read Order]
The Ahmedabad bench of the Customs, Excise & Service Tax Appellate Tribunal (CESTAT) has held that Excise Duty is not leviable on Valuation under Section 4 A of Central Excise Act , 1944 on the
Section 43B(h) Income Tax Act Repercussions: Kerala Textile and Garments Dealers Welfare Association asks MSEs to change Category
The Kerala Textile and Garments Dealers Welfare Association ( KTGDA ) has requested micro and small enterprises ( MSEs ) in the textile industry to change their MSME category from "manufacturing" to "trading" with immediate