Nature-dependent electricity contracts receive new Ind AS accounting, hedge designation, transition and financial-statement disclosure requirements fr...
Alternative GST remedy permitted protective writ intervention for ex parte adjudication, preserving independent appellate review of input tax credit d...
Assessment against deceased sole proprietor requires proceedings against the legal representative, rendering prior assessment and appellate orders inv...
Residential waste collection classification under SAC 999423 defeats composite-supply exemption where facilitating goods are not transferred to the lo...
Condonation of delay permits statutory appeal restoration where inadequate service explanation prevented consideration of reassessment and taxable-inc...
Levy of interest on delayed payment of profession tax - The High Court found that the Act and the Rules clearly indicated that the profession tax should be deducted and paid on a monthly basis. Even in the absence of a specific date men tioned before the 2011 amendment, the payment and filing of returns were to be done by the last day of the succeeding month. - The Court dismissed the petitioner's argument that there was no prescribed time limit for payment of tax and filing of returns. The Court upheld the revisional authority's order, confirming that there was a liability to pay interest for delayed payment of profession tax.
Levy of interest on delayed payment of profession tax - The High Court found that the Act and the Rules clearly indicated that the profession tax should be deducted and paid on a monthly basis. Even in the absence of a specific date men tioned before the 2011 amendment, the payment and filing of returns were to be done by the last day of the succeeding month. - The Court dismissed the petitioner's argument that there was no prescribed time limit for payment of tax and filing of returns. The Court upheld the revisional authority's order, confirming that there was a liability to pay interest for delayed payment of profession tax.
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