Government of Goa Department of Commercial Taxes Vikrikar Bhavan, Panaji Goa - 403001 CCT/26-4/2017-18/D/519 Dated: 25th June, 2020 CIRCULAR (No. 03/2020-21 - GST) Subject: Circular No. 01/2020-21 - GST, dated 16.06.2020 and Circular No. 02/2020-21 - GST, dated 25.06.2020 had been issued to clarify doubts regarding relief measures taken by the Government for facilitating taxpayers in meeting the compliance requirements under various provisions of the Goa Goods and Servic... ... ...

INTERNATIONAL FINANCIAL SERVICES CENTRES AUTHORITY CORRIGENDUM Ghandhinagar, the 4th February, 2025 IFSCA/GN/2024/012.- In the notification of International Financial Services Centres Authority, the International Financial Services Centres Authority (Registration of Factors and Registration of Assignment of Receivables) Regulations, 2024, published in the Gazette of India, Extraordinary, Part III, Section 4, vide notification number IFSCA/GN/2024/012 dated the 18th November, 2024, - ... ... ...

New Delhi, Sep 23 (PTI) The Asian Development Bank (ADB) on Wednesday raised its forecast for India's economic growth in the current fiscal to 7 per cent, up from 6.6 per cent projected in July, citing stronger-than-expected economic performance in the first quarter despite supply-side disruptions caused by West Asia crisis. In its Asian Development Outlook (ADO) September 2026, the multilateral lender said, "The revision reflects India's stronger-than-expected economic performance, with GDP... ... ...

Goa-based defence manufacturer to establish medium-caliber ammunition manufacturing capability PANAJI, India, Sept. 23, 2026 /PRNewswire/ -- Hughes Precision Manufacturing Pvt. Ltd., one of India's growing private-sector ammunition manufacturers, has completed an investment round of ?250+ crore through a combination of primary and secondary investment from a group of marquee ultra-high-net-worth individuals (UHNIs). The investment will support the Company's next phase of growth, including ... ... ...

INTERNATIONAL FINANCIAL SERVICES CENTRES AUTHORITY NOTIFICATION Gandhinagar, the 11th April, 2025 F. No. IFSCA/GN/2025/004.- In exercise of the powers conferred by sub-section (1) of Section 28 read with sub-section (1) of Section 12 and sub-section (1) of Section 13 of the International Financial Services Centres Authority Act, 2019 [Act 50 of 2019]; the International Financial Services Centres Authority hereby makes the following regulations, namely: - CHAPTER-I PRELIMINARY ... ... ...

SHRIWASEEMAHMED, ACCOUNTANTMEMBER AND SHRISIDDHARTHANAUTIYAL,JUDICIALMEMBER For the Assessee : Shri Tushar Hemani, Sr. Advocate with Shri Parimalsinh B. Parmar, A.R For the Revenue : Shri A.P Singh, CIT. D.R with Shri Atul Kumar Gokhe, Sr. D.R ORDER PER WASEEM AHMED ACCOUNTANT MEMBER: The captioned appeals have been filed at the instance of the Assessee and the revenue against the separate orders of the Learned Commissioner of Income Tax (Appeals)- IV, Baroda (in short "Ld. CIT(A)... ... ...

Benami character under Section 2(9)(A) depends on the real relationship between the property holder, provider of consideration and intended beneficiary. Cash deposits routed through entities linked to an alleged benamidar and transferred by RTGS may support an inference of beneficial ownership when formal invoices, ledgers and tax records lack independent commercial corroboration. Bank funds and proceeds fall within the broad concept of property. Sworn statements, banking records and surrounding circumstances must be assessed together; the party alleging benami bears the initial burden, though evidentiary burdens may shift on proved facts.

Hon'ble Judges Gowri Shankar (T) and G.N. Srinivasan (J), Members For Appellant : Vinay Sejpal, CA For Respondents : A. Chopra, Departmental Representative JUDGMENT Gowri Shankar, Member (T) 1. The appeal is taken up for disposal with consent of both sides after Waiving deposit. 2. The appellant was engaged in the manufacture of mild steel ingots. Prior to 1.8.97, these ingots were subject to ad valorem duty. The appellant was availing of modvat credit procedure. On 1.8.97,... ... ...

Wrong-head GST payment must be distinguished from a substantive error in classifying a supply as inter-State or intra-State. Sections 19 and 77 address supplies subsequently held to have a different character and do not automatically govern a mere allocation error where the supply classification and aggregate tax liability are undisputed. Where the full aggregate liability was remitted within time under an incorrect tax head, correction may occur through appropriation against the correct heads rather than a second payment followed by a refund claim.

Factoring business in an International Financial Services Centre requires registration, subject to statutory exemptions. Registration depends on prior Finance Company registration, relevant factoring experience, adequate infrastructure, fitness and propriety, financial soundness, and absence of judicial proceedings for breach of law. Trade receivables financed through a Trade Receivables Discounting System must be filed with the Central Registry within ten days of assignment or satisfaction, with limited additional time available for delayed filing on application and payment of the prescribed fee.

Section 107 requires a GST appeal within three months from communication of the order and permits condonation only for a further one-month period on sufficient cause. This is a statutory outer limit on the Appellate Authority, which cannot be enlarged through Section 5 of the Limitation Act. Communication through the portal, post or other recognised modes may require factual scrutiny where effective access to the complete order is disputed. Article 226 may exceptionally examine manifest injustice arising from defective communication, prompt action after knowledge, absence of merits adjudication and other credible circumstances, without enlarging the Appellate Authority's statutory jurisdiction.

Validity of a scrutiny notice under section 143(2) depends on statutory compliance, not merely on use of a prescribed administrative format. A notice remains effective where it is issued by a competent authority, timely served, identifies the taxpayer and assessment year, conveys scrutiny, and affords an opportunity to support the return. Section 292B may cure formal defects where the notice substantively conforms to the Act and no actual prejudice is established. This issue is distinct from the restriction that limited-scrutiny inquiries cannot be expanded without prescribed conversion safeguards.

Admission of a cheque signature activates the presumptions of consideration and legally enforceable debt or liability under Sections 118(a) and 139 of the Negotiable Instruments Act. The drawer then bears an evidentiary burden to raise a probable, evidence-based defence on the preponderance of probabilities; bare denials, unsupported claims of misuse, or a blank-cheque plea ordinarily do not rebut the presumptions. Financial capacity of the complainant becomes material only after a credible and specific challenge. These presumptions do not remove the requirement to establish the procedural ingredients of Section 138, including dishonour, timely demand notice, non-payment, and timely complaint.

Section 203(3) creates a statutory first charge on a building for unpaid property tax. Section 60 does not displace charges created under other enactments; therefore, a revenue-recovery auction sale does not extinguish property-tax arrears secured by that charge. The auction purchaser remains liable for accrued arrears and subsequent property-tax liability. Where the sale confirmation did not disclose the liability and the Panchayat did not intervene in the sale, interest on the arrears may be waived if payment is made by the stipulated date.

GST does not apply to donor-name displays by charitable organisations when they are merely expressions of gratitude or recognition of philanthropy, rather than advertising or business promotion. No supply of service for consideration arises where the recipient has no reciprocal obligation. The payment must be a genuine charitable gift or donation, made for philanthropic purposes without commercial gain, and the display must not refer to or promote the donor's business activity.

Usable steel-sheet off-cuts arising from processing Modvat-credit inputs retain the character of the parent material and do not qualify as waste and scrap. Rule 57F permits removal of inputs or waste arising during processing, but Chapter 72 confines waste and scrap to material fit only for metal recovery or chemical manufacture. Off-cuts capable of producing steel articles or smaller scooter parts fail that condition, notwithstanding their irregular shape. Their classification depends on examination of the consignment and its actual usability. Such off-cuts cannot be cleared at the duty applicable to waste and scrap.

The existing anti-dumping duty remains in force up to and including 26 March 2027, subject to earlier revocation, supersession or amendment. A new paragraph before the Explanation establishes this extended period notwithstanding the prior duration provision. The amendment defines the temporal operation of the levy under the Customs Tariff Act, 1975 and the Anti-dumping Duty Rules, 1995.

Special procedures earlier prescribed under section 148 of the Punjab Goods and Services Tax Act, 2017 are withdrawn through rescission of Notification No. S.O. 90/P.A.5/2017/S.148/2023. The rescission preserves anything done or omitted before its operation and is deemed effective from 1 January 2024.

Section 5 of the Limitation Act requires a litigant seeking condonation of delay to establish sufficient cause through distinct proof and reasonable diligence. Incorrect information from a pleader's clerk about the court's reopening, without reasonable verification by the appellant, is attributable to the appellant and indicates negligence. Illness alleged after discovery of the delay must be supported by reliable contemporaneous evidence and cannot justify continuing delay when such proof is absent. The 17-day delay in presenting the first appeal was therefore not condonable.

Specified actionable claims are inserted in Schedule IV, covering actionable claims involving betting, casinos, gambling, horse racing, lottery, and online money gaming. Entries relating to serial numbers 228 and 229 are omitted. Undefined words and expressions carry the meanings assigned under the Punjab Goods and Services Tax Act, 2017. The amendments take effect from 1 October 2023.