![Telangana High Court directs Income Tax Authority to Refund Seized Cash of Rs. 5 Cr with 12% interest [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/Telangana-High-Court-Income-Tax-Authority-refund-seized-cash-interest-Taxscan.jpg "Telangana High Court directs Income Tax Authority to Refund Seized Cash of Rs. 5 Cr with 12% interest [Read Order]")
Telangana High Court directs Income Tax Authority to Refund Seized Cash of Rs. 5 Cr with 12% interest [Read Order]
The Telangana High Court directed the Income Tax Authority to refund seized cash of Rs. 5 crores with 12% interest and release the employee of the...
![Mistake in Depositing Service Tax can’t be a reason to deny Refund: CESTAT grants relief to Metlife [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/12/Depositing-Service-Tax-Refund-CESTAT-Metlife-Taxscan.jpg "Mistake in Depositing Service Tax can’t be a reason to deny Refund: CESTAT grants relief to Metlife [Read Order]")
![Principal Service Tax dues quantified by Authority has to be settled at the rate of 5% as per Resolution Plan: Bombay High Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/12/Principal-service-tax-dues-resolution-plan-Bombay-High-Court-Taxscan.jpg "Principal Service Tax dues quantified by Authority has to be settled at the rate of 5% as per Resolution Plan: Bombay High Court [Read Order]")
![Setback to Sun Pharma: Sikkim High Court rejects plea of Refund of CGST and 50% of IGST paid through the Electronic Cash Ledger [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/11/Sun-Pharma-Sikkim-High-Court-plea-of-Refund-CGST-IGST-Electronic-Cash-Ledger-Taxscan.jpg "Setback to Sun Pharma: Sikkim High Court rejects plea of Refund of CGST and 50% of IGST paid through the Electronic Cash Ledger [Read Order]")
![Telangana High Court directs GST Authority to Refund amount paid towards Penalty on pretext of noticing wrong destination [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/11/Telangana-High-Court-GST-Authority-Refund-Penalty-pretext-of-noticing-wrong-destination-Taxscan.jpg "Telangana High Court directs GST Authority to Refund amount paid towards Penalty on pretext of noticing wrong destination [Read Order]")
If Refund doesn’t include Interest due payable on the amount refunded, the revenue would be liable to pay Interest on shortfall: Karnataka HC grants relief to Syndicate Bank
The Karnataka High Court while dismissing the plea of the revenue held that the revenue is liable to pay interest on the amount of interest on refund. The assessee, Syndicate Bank is a...
DGGI busts Exporter Companies for defrauding exchequer through fraudulent claims of ITC and cash refund of around Rs. 61 cr
An intelligence was developed by the officers of DGGI that few exporter companies were engaged in fraudulent availment of Input Tax Credit (ITC) on the invoices of non-existing and fictitious firms...
TCS shall be applicable only on the amount received on or after 1st October, 2020: Finance Ministry issues Clarifications
The Ministry of Finance has issued clarification on the applicability of Tax Collection at Source on newly introduced provisions relating to Tax Collection at Source (TCS) on certain goods introduced...
![CESTAT rejects The Madras Club’s claim for Refund of Service Tax [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/09/Madras-Club-CESTAT-Refund-Taxscan.jpeg "CESTAT rejects The Madras Club’s claim for Refund of Service Tax [Read Order]")
![CBDT directs Banks to Refund charges collected after Jan 1 on E-Transactions [Read Circular]](https://www.taxscan.in/wp-content/uploads/2020/08/CBDT-Banks-Refund-E-Transactions-Taxscan.jpg "CBDT directs Banks to Refund charges collected after Jan 1 on E-Transactions [Read Circular]")
Assessee entitled to Refund in absence of any Power with Revenue to forfeit Excess Tax: Gujarat High Court [Read Order]
The Gujarat High Court while directing the authority to refund said that the assessee entitled to refund in absence of any power with Revenue to forfeit excess tax. The petitioner, Advanced Systek...
![Assessee entitled to Refund in absence of any Power with Revenue to forfeit Excess Tax: Gujarat High Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/08/Gujarat-High-Court-Refund-Excess-Tax-Taxscan.jpg "Assessee entitled to Refund in absence of any Power with Revenue to forfeit Excess Tax: Gujarat High Court [Read Order]")
Gujarat HC reads down Explanation to GST Rule denying Refund of ‘Unutilized Input Tax’ paid on ‘Input Services’ as part of ITC [Read Judgment]
A two-judge bench of the Gujarat High Court has categorically held that the Explanation (a) to Rule 89(5) of the CGST Rules which denies the refund of “unutilized input tax” paid on “input services”...
![Gujarat HC reads down Explanation to GST Rule denying Refund of ‘Unutilized Input Tax’ paid on ‘Input Services’ as part of ITC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/07/refund-unutilized-input-tax-input-services-Taxscan.jpg "Gujarat HC reads down Explanation to GST Rule denying Refund of ‘Unutilized Input Tax’ paid on ‘Input Services’ as part of ITC [Read Judgment]")