Gifts of more than Rs. 50,000 made by Employer to Employee is subject to GST: Govt Clarifies GST on Gift
The Ministry of Finance clarified that, Gifts up to a value of Rs 50,000/- per year by an employer to his employee are outside the ambit of GST....
![GST: Govt Notifies Anti-Profiteering Rules [Read the Rules]](https://www.taxscan.in/wp-content/uploads/2016/07/GST-Goods-and-Service-Tax-TaxScan.jpg "GST: Govt Notifies Anti-Profiteering Rules [Read the Rules]")
![‘Dry Dock’ and ‘Fit Out Berth’ are Capital Goods under Gujarat VAT Act: Gujarat HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/06/Gujarat-High-Court-Tax-Scan-1.jpg "‘Dry Dock’ and ‘Fit Out Berth’ are Capital Goods under Gujarat VAT Act: Gujarat HC [Read Judgment]")
![Wrongful Claim of Input Tax Credit is not a Ground for Cancellation of Registration under UP VAT Act: Allahabad HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/01/VAT-Taxscan.jpg "Wrongful Claim of Input Tax Credit is not a Ground for Cancellation of Registration under UP VAT Act: Allahabad HC [Read Judgment]")
Assessment cannot be Re-Opened Merely on Ground of Mismatch Found in Dept Website, says Madras HC [Read Judgment]
The Madras High Court, in a recent ruling, held that assessment cannot be reopened merely on ground of mismatch found in the VAT Department’s website. Justice T. Sivagnanam was hearing a bunch of...
![Assessment cannot be Re-Opened Merely on Ground of Mismatch Found in Dept Website, says Madras HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/06/Madras-High-Court-Tax-Scan-1.jpg "Assessment cannot be Re-Opened Merely on Ground of Mismatch Found in Dept Website, says Madras HC [Read Judgment]")
Disallowance of Input Tax Credit is not an ‘Error’ to be rectified u/s 66 of KVAT Act: Kerala HC [Read Judgment]
In a recent ruling, the single bench of the Kerala High Court held that disallowance of the input tax credit by the assessing officer cannot be a ground for invoking s. 66 of the KVAT Act since it is...
Fresh Opportunity must be Granted to Assessee when they reverse the wrongly availed Input Tax Credit: Madras HC [Read Judgment]
While setting aside the impugned order, the High Court of Madras recently allowed the assessee a fresh opportunity considering the fact that they have reversed the Input Tax Credit wrongly availed by...
