Online bond platforms may offer overseas-regulated products and tax-specific bonds subject to disclosures, compliance safeguards and revised complianc...
Corporate guarantee valuation permits actual ascertainable commission while barring retroactive application and extended-period penalties for bona fid...
Proper-officer jurisdiction under UPGST penalty provisions upheld; participation on merits prevents bypassing the statutory appellate remedy through w...
Transitioned CENVAT credit may validly satisfy mandatory pre-deposit requirements for legacy service tax appeals through Electronic Credit Ledger debi...
Building-plan sanction charges require statutory authority; unauthorised fees and GST were quashed, while labour cess must follow prescribed collectio...
Pure-agent exclusion fails where hotel booking facilitators receive third-party services themselves, making entire customer consideration taxable as r...
The High Court reviewed a challenge to an assessment order, focusing on the violation of natural justice principles and the issue of input tax credit entitlement due to transactions with a non-existent supplier. The Court found that the respondent's conclusion about fake invoices lacked supporting details for the petitioner to counter. Additionally, the petitioner failed to provide necessary documentation like lorry receipts and weighment slips, impacting the fulfillment of Section 16(2)(b) requirements. The Court ordered reconsideration with the petitioner agreeing to remit 20% of the disputed tax demand for a remand, subject to existing credits. The impugned order was set aside, contingent on the petitioner remitting 20% of the disputed tax demand within three weeks.
The High Court reviewed a challenge to an assessment order, focusing on the violation of natural justice principles and the issue of input tax credit entitlement due to transactions with a non-existent supplier. The Court found that the respondent's conclusion about fake invoices lacked supporting details for the petitioner to counter. Additionally, the petitioner failed to provide necessary documentation like lorry receipts and weighment slips, impacting the fulfillment of Section 16(2)(b) requirements. The Court ordered reconsideration with the petitioner agreeing to remit 20% of the disputed tax demand for a remand, subject to existing credits. The impugned order was set aside, contingent on the petitioner remitting 20% of the disputed tax demand within three weeks.
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