Central Tax

CBIC - revised Section 50 - GST interest Provisions - Taxscan

CBIC notifies revised Section 50 GST interest Provisions effective from June 2021 [Read Notification]

June 2, 2021

E-Invoices - Government Departments and Local Authorities - CBIC - Taxscan

GST E-Invoice not required for Govt Departments and Local Authorities: CBIC [Read Notification]

June 2, 2021

Late fee for GST Returns Reduced: CBIC issues Notification

June 2, 2021

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ED - Delhi High Court - SCN - J.P Morgan - Taxscan

ED empowered to Dispose of Objections for want of detailed consideration: Delhi HC refuses to quash SCN against J.P Morgan

June 12, 2021

The Delhi High Court while refusing to quash the Show Cause notice (SCN) ruled that the Enforcement Directorate (ED) is empowered to Dispose of Objections for the want of detailed consideration. The petitioner, J.P.Morgan India Pvt. Ltd. challenged the Show Cause Notice and the consequent Order and the Communication of the ED, proceeding with the […]

Self-Assessment Tax Payment - Tax Arrear - Vivad se Vishwas Scheme - Bombay High Court - Taxscan

Delayed Self-Assessment Tax Payment can’t be Tax Arrear for Vivad se Vishwas Scheme: Bombay High Court [Read Judgment]

June 12, 2021

The Bombay High Court ruled that the Delayed self-assessment tax payment cannot be tax arrear for Vivad se Vishwas Scheme. The petitioner, Macrotech Developers Limited is a public limited company incorporated under the Companies Act, 1956 having its registered office at Mahalaxmi, Mumbai. It is engaged in the business of land development and construction of […]

ICAI - CA Members- Register - Digital Audit Tools Free of Cost - taxscan

ICAI directs CA Members to Register to get Digital Audit Tools Free of Cost

June 12, 2021

The Institute of Chartered Accountants of India (ICAI) has directed CA Members to Register by June 30, 2021, to get Digital Audit Tools Free of Cost. The Committee for Members in Practice (CMP) world stands at the brink of a technological revolution and the scale, scope, and complexity of the transformation will be unlike anything […]

Punjab & Haryana HC - anticipatory-bail - Money Laundering - Taxscan

Punjab & Haryana HC rejects Anticipatory Bail to persons accused of Money Laundering worth Rs.220 Cr [Read Order]

June 12, 2021

The Punjab and Haryana High Court rejected the anticipatory bail to a person accused of Money Laundering worth Rs.220 Crores. The petitioner, Jagadish Nangineni and Jagdish Chandra Sharma submitted that Sobha and Chintels entered into 59 agreements to sell through which they agreed to sell 59 NPNL plots to LLPs created by Sobha at the […]

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Double TDS Collection - Income Tax Return - CBDT - Taxscan

Double TDS Collection on Non-Filers of Income Tax Return: CBDT enables new functionality for Compliance Check [Read Circular]

June 21, 2021

The Central Board of Direct Taxes ( CBDT ) issued the Circular regarding the use of functionality under Section 206AB and 206CCA of the Income Tax Act, 1961. The Finance Act, 2021 inserted two new sections 206AB and 206CCA in the Income Tax Act 1961 which takes effect from 1 day of July 2021. These […]

GST - CBIC - Dynamic QR Code - B2C invoices - Taxscan

GST: CBIC issues clarification on Applicability of Dynamic QR Code on B2C Invoices [Read Circular]

June 21, 2021

The Central Board of Indirect Taxes and Customs (CBIC) issued the clarification on the applicability of the Dynamic Quick Response (QR) Code on B2C invoices. The Board has issued the Notification No. 14/2020-Central Tax, dated 21st March 2020 which requires Dynamic QR Code on B2C invoice issued by taxpayers having aggregate turnover more than 500 […]

Mitsubishi - Cenvat Credit - Service Tax of Commissions - Commission Agents - CESTAT - Taxscan

Mitsubishi eligible to avail Cenvat Credit on Service Tax of Commissions paid to Commission Agents: CESTAT [Read Order]

June 21, 2021

The Customs, Excise, and Service Tax Appellate Tribunal (CESTAT), Chennai has granted a major relief to Mitsubishi Heavy Industries India Precision Tools Ltd, one of the World’s leading manufacturers of Gear Cutting Tools and Broaches. The Tribunal was considering an issue whether the Company is eligible to avail credit in respect of the amount of […]

cenvat credit - port charges - clearance of inputs - factory - depot - CESTAT - Taxscan

Manufacturer entitled to avail Cenvat Credit on Port Charges basis of Invoice issued for Clearance of Inputs from Factory / Depot: CESTAT [Read Order]

June 21, 2021

The Customs, Excise, and Service Tax Appellate Tribunal ( CESTAT ), Delhi Bench ruled that the manufacturer entitled to avail cenvat credit on port charges on the basis of the invoice issued for clearance of inputs from factory or depot. The appellant, M/s Mammon Concast Pvt. Limited is a manufacturer of M. S. Billets, falling […]

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