Tax Guru2h
CGST Rule 96(10) – Controversial from Its Inception
This article examines the history, challenges, and eventual resolution of Rule 96 (10), shedding light on the government’s response, the role of the judiciary, and the future course of action for ...
Tax Guru2h
GST Implementation: Impact on India’s Tax Structure and Economy
Goods and Service Tax and changes in development of country after it’s effectuation. Introduction: Prior to the enactment of Goods and Service Act (G ...
Tax Guru2h
Customs Notification No. 82/2024: Updated Border Haat Goods List
The Ministry of Finance has issued Notification No. 82/2024-Customs (N.T.), dated November 20, 2024, amending Notification No. 63/1994-Customs (N.T.). This amendment updates the list of goods allowed ...
Tax Guru2h
Analysis of Rule 86B of CGST Rule 2017: Restriction on ITC Utilisation
Rule 86B is an anti-evasion measure targeting fraudulent practices involving ITC misuse. While it introduces stricter compliance, the rule is balanced with exceptions for genuine taxpayers. Businesses ...
Tax Guru2h
Denial of Concessional tax rate under section 115BAB by CPC
Section 115BAB was introduced on the Statute on September 20, 2019 with the aim and objective of providing for a concessional tax rate of 15% (plus applicable surcharge and cess) for a manufacturing ...
Tax Guru2h
Admission of application u/s. 9 of IBC for default in payment of operational debt justified: NCLAT Delhi
NCLAT Delhi held that admitting application under section 9 of the Insolvency and Bankruptcy Code 2016 for default in payment ...
Tax Guru2h
Mere Break Up of Relationship cannot Lead to Rape Case against Man: SC
It is entirely in the fitness of things that while taking a very pragmatic approach, the Supreme Court in a most learned, laudable, landmark and logical judgment titled Prashant vs State of NCT of ...
Tax Guru2h
How to avail benefit of newly inserted section 16(5) of CGST Act, 2017?
On the recommendation of the GST Council, section 16(5) has been inserted with retrospective effect from 01/07/2017, whereby the time limit for claiming ITC vide GSTR 3B for the periods FY 2017-2018, ...
Tax Guru2h
Customs Notification 83/2024: New Cargo Facility at Dhanakya
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) ...
Tax Guru5h
Money laundering cognizance against public servant without previous sanction untenable: Supreme Court
Supreme Court held that cognizance of the offence under section 3 of the Prevention of Money Laundering Act, 2002 against the ...
Tax Guru5h
Framing of assessment in the name of non-existing entity is void ab initio: ITAT Delhi
Conclusion- Held that once it is found that assessment is framed in the name of non-existing entity, it does not remain a procedural irregularity of the nature which could be cured by invoking the ...
Tax Guru6h
Issuance of notice u/s. 148A(b) to non-existing entity is without jurisdiction: Karnataka HC
Karnataka High Court held that notice to a non-existing entity would be one without jurisdiction. Accordingly, notice issued u/s. 148A (b) of the Income Tax Act to the merged entity is liable to be ...