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🌟 Stay Informed Amidst the Hustle - Top 5 GST Case Laws - July 2024 🌟 We've distilled the top 5 GST case laws from July 2024 into succinct summaries to keep you updated and well-prepared. July was a whirlwind with everyone engrossed in filing returns and addressing adjudication matters. Amidst this bustle, it's crucial to carve out some time to stay abreast of the latest developments. 💡 Quick insights 📈 Recent advancements 🎯 Stay informed and ahead Make sure to catch up and stay ahead in the ever-evolving landscape of GST. Follow CA Arpan Bohra #gst #caselaws #taxupdates #incometax #stayinformed #legalmatters #legalupdate #legal #gstlitigation #hyderabad #hyderabadgstat #arpanbohra #gstarpan

Delhi GST department issued much-needed instruction for rectification of assessment orders. Key points: 👉 Order/notice with respect to FY 2017-18 👉 To correct errors (inc. clerical/arithmetical) apparent on the face of the record 👉 Time limit of 6 months from the date of issue of such order/notice 👉 Suo-moto or application by a taxpayer 👉 Helps to reduce unnecessary litigation #gst #gstupdates #delhi #instruction

GST Act(s) and Rule(s) Bare Law (January, 2024) Thanks to The Institute of Chartered Accountants of India for this seventh edition on GST Acts and Rules Link https://lnkd.in/dAKEhGxf

GST UPDATE:- CRYPTIC ORDER A normal taxpayer is suffering a lot due to, lack of knowledge, drafting laxity and high headedness of the department officials. This is not only happening in adjudication but the first appealate level also in many cases. This judgement lays down a few things:- 1. Assessee submitted a detailed reply. 2. Proper Officer should have atleast considered the reply on merits. 3. "Not Satisfactory" means mind not applied ex-facie. 4. If further details were required, same should have been specifically sought. 5. If the record does not show such efforts of proper Officer, matter will be remanded back. #gst #gstupdates #gstindia #gstnews #gstcouncil #gstn #gstupdate #gstfiling #indirecttax #indirecttaxation #law #lawyer #advocate #ca #cs #cma #meerut #delhi #noida #faridabad #gurgaon #manesar #bhiwadi #jalandhar #punjab #businessindia #indianeconomy #indianbusiness #indiabusiness #indianentrepreneur #exportersindia #importers #poc #pocindia #capuneetoberoi

TaxMarvel GST Case Law Alert ⏰ No provision for adjudication or hearing at pre-show cause notice stage under GST Rule 142(1A). writ petition against mere communication not maintainable [Sharma Steeltech India Pvt. Ltd. Vs. State of Rajasthan - Rajasthan HC] Demands of Tax or ITC involving fraud, etc . Violation of natural justice. Assessee contended that reply to pre-show cause notice under Rule 142(1A) should be considered before issuing show cause notice under Rule 142(1)(a). HELD: Rule 142(1A) communication is discretionary and there is no provision for adjudication or hearing at this stage. Right of assessee arises only after show cause notice under Rule 142(1)(a). Writ petition against mere communication not maintainable. Follow TaxMarvel Consulting Services LLP for more updates

Indian IT Companies & their Legal Compliances in India by My Lawyers Advice   From delivering top-notch IT services to innovating for future, Indian IT companies also juggle the balls of legal compliances set by authorities in India😌🇮🇳💼. Adherence to multitude of laws, including but not limited to Labor Laws, Accounting standards set by ICAI, Intellectual Property Right laws , GST and Corporate Taxes is significant for a successful journey in the Indian IT ecosystem. The practices of integrity and legality go hand in hand with technology and innovation. Stay legal, stay innovative👏💼🇮🇳 #LegalCompliances. #mylawyersadvice #anantsharma For more information, log on to www.mylawyersadvice.com

#Critical Legal Updates, Corporate Law ,GST, Income Tax and Economic Updates: 26th May, 2024 :#pecunia4startups #buildingpecunia: 1. CBDT has released guidelines via a circular dated May 3, 2024, which are to be followed for compulsory selection of ITRs for complete scrutiny for FY 2024-25. "Since the last few years, CBDT has issued similar circulars on an annual basis providing criteria for mandatory/ compulsory selection of ITRs for scrutiny and recently this circular was issued for FY 2024-25.   2. These circulars issue guidelines for compulsory selection of ITRs for complete scrutiny as well as for the procedure for compulsory selection in such specified cases.    3. Non-appearance of directors cannot form sole basis for Section 68 addition under Income Tax Act. Case Name : Sati Promoters Pvt. Ltd Vs ITO (ITAT Kolkata)

Calcutta HC quashed SCN as it was issued without considering a detailed reply to the pre-show cause notice GST | CASE LAW  Summary: GST: Where the Revenue Authority had issued a show-cause notice without considering or discussing the assessee's detailed reply to the pre-show-cause notice, a show-cause notice was set aside.

💡 Attention #Employees: Important #TDS Update from #Bombay High Court! 💡 The Bombay High Court on Wednesday ruled that employees are not responsible for unpaid TDS (Tax Deducted at Source) if their employer, undergoing insolvency under the Insolvency and Bankruptcy Code (#IBC), fails to deposit it. This decision is a major #relief for employees who received tax notices despite TDS being deducted from their #salaries. The #court clarified that the responsibility to deposit TDS lies solely with the employer, ensuring that employees will not be penalized for their employer’s non-compliance. 📌 What you need to know: ✔ If your employer has deducted TDS but failed to deposit it due to insolvency, you are not liable. ✔ The ruling protects employees from paying taxes that have already been deducted from their earnings. Stay aware and ensure your rights are protected under this crucial ruling! ⚖️ #TaxUpdate #TDSRelief #EmployeeRights #Insolvency #IBC #Compliance #BombayHighCourt #Management #DigitalMarketing #Careers #SocialMedia #Innovation #Leadership #linkedin #onenesscomplianceconsulting Oneness Compliance Consulting India

GST Case Law Compendium-May 24 Edition. This compendium is a comprehensive collection of GST case laws that have been decided by various courts and authorities and their analysis, which can be extremely useful for professionals working in the GST domain. #gst #gstupdates #litigation #caselaw #icai #cbic #icaistudents Source: CA Ritesh Arora The Institute of Chartered Accountants of India , ProfitHunt,#taxupdates,#Taxlaw,