Claim on Non-Passing of ITC Benefit ends with NCLT Order Which Extinguishes Liability: CCI directs to Drop Anti Profiteering Proceedings Against Puma Realtors
The Competition Commission of India (CCI) directed to drop anti-profiteering proceedings against Puma Realtors since the claim on non-passing of...
![Assessing Authority is Duly Empowered to Call for Records and to Verify ITC as Claimed under DVAT Act: Delhi HC Dismisses Appeal claiming Malafide [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Assessing-Authority-is-Duly-Empowered-to-Call-for-Records-and-to-Verify-ITC-as-Claimed-under-DVAT-Act-Delhi-HC-Dismisses-Appeal-claiming-Malafide-TAXSCAN.jpg "Assessing Authority is Duly Empowered to Call for Records and to Verify ITC as Claimed under DVAT Act: Delhi HC Dismisses Appeal claiming Malafide [Read Order]")
DGGI probe against Fake GST Bill rackets worth Rs. 1000 crore; suspects 206cr loss to Government: Arrests Mastermind
The Mumbai unit of Directorate General of GST Intelligence (DGGI) probed against the fake Goods and Services Tax (GST) bill rackets worth Rs. 1000 crores. The officials suspected that the government...
No Advance Ruling shall be pronounced in question relating to Supply undertaken Prior to Filing of Application: AAAR [Read Order]
The Rajasthan Appellate Authority for Advance Ruling (AAAR) has held that no advance ruling should be pronounced in question relating to supply undertaken prior to filing of application. The...
![No Advance Ruling shall be pronounced in question relating to Supply undertaken Prior to Filing of Application: AAAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/No-Advance-Ruling-Advance-Ruling-No-Advance-Ruling-shall-be-pronounced-No-Advance-Ruling-shall-be-pronounced-in-question-relating-to-Supply-taxscan.jpg "No Advance Ruling shall be pronounced in question relating to Supply undertaken Prior to Filing of Application: AAAR [Read Order]")
Jharkhand HC Rejects ESL Steel’s ITC Claim Prior to the Approval of Resolution Plan by NCLT [Read Order]
The Jharkhand High Court rejected ESL Steel’s Input Tax Credit (ITC) claim prior to the approval of the resolution plan by the National Company Law Tribunal. M/s ESL Steel Limited, the petitioner...
Central Govt Extends due date of Amnesty Schemes for non-filers of GSTR-4, GSTR-9 & GSTR-10 till August 31, 2023 [Read Notification]
The Central Government has extended the due date of the amnesty schemes for the non-filers of the GSTR-4, GSTR-9 and GSTR-10. The 50th Meeting of the GST Council took place in New Delhi on July 11,...
![Central Govt Extends due date of Amnesty Schemes for non-filers of GSTR-4, GSTR-9 & GSTR-10 till August 31, 2023 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2023/07/Central-Govt-Extends-due-date-of-Amnesty-Schemes-Central-Govt-Extends-due-date-Central-Govt-due-date-Amnesty-Schemes-non-filers-of-GSTR-4-GSTR-4-GSTR-9-GSTR-10-GST-taxscan.jpg "Central Govt Extends due date of Amnesty Schemes for non-filers of GSTR-4, GSTR-9 & GSTR-10 till August 31, 2023 [Read Notification]")
No Interest on Wrongly availed IGST time period starting from availment and up to its Reversal CBIC : clarifies [Read Circular]
With respect to the recommendations of the 50th Goods and Services Tax (GST) Council issued circular No. 192/04/2023-GST on 17th July 2023, the Central Board of Indirect taxes and Customs (CBIC)...
Settlement of Mutual Debt through Book Adjustment is a Valid Mode of Payment of Consideration, Input Credit is Admissible: AAR [Read Order]
The Kerala Authority for Advance Ruling (KAAR) has held that settlement of mutual debt through book adjustment is a valid mode of payment of consideration and the input credit is admissible. ...
![Settlement of Mutual Debt through Book Adjustment is a Valid Mode of Payment of Consideration, Input Credit is Admissible: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Settlement-Settlement-of-Mutual-Debt-Mutual-Debt-Valid-Mode-of-Payment-Payment-of-Consideration-Input-Credit-is-Admissible-Input-Credit-AAR-Authority-for-Advance-Ruling-taxscan.jpg "Settlement of Mutual Debt through Book Adjustment is a Valid Mode of Payment of Consideration, Input Credit is Admissible: AAR [Read Order]")
