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Universal Pipes vs Union of India & Others – Kerala High Court Allows Transitional Input Tax Credit (ITC) Claim in Light of Supreme Court's Filco Trade Centre Judgment | Section 140 of the CGST Act, 2017 | TRAN-1 & TRAN-2
Facts of the CaseThe petitioner, Universal Pipes, approached the
Kerala High Court seeking relief regarding the inability to avail transitional
Input Tax Credit (ITC) while migrating from the earlier indirect tax...
M/s. JBB Apparels Pvt. Ltd. vs Principal Additional Director General of GST Intelligence & Anr. | Along with M/s. Nautilus Metal Crafts Pvt. Ltd. vs Principal Additional Director General & Anr. and M/s. JBN Apparels Pvt. Ltd. vs Principal Additional Director General, Directorate General of GST Intelligence & Anr. | Delhi High Court | Provisional Attachment of Bank Accounts under Section 83 of the CGST Act, 2017
Facts of the CaseThe petitioners filed writ petitions before the Delhi High
Court challenging the provisional attachment of their bank accounts by the
Directorate General of GST Intelligence (DGGI). During the hearing,...
M/s. Yentop Manickavel Sons Edible Oils Pvt. Ltd. vs State Tax Officer-I – Madras High Court Orders Reconsideration of IGST Refund on Ocean Freight under Reverse Charge Mechanism (RCM) in Light of Supreme Court's Mohit Minerals Judgment | Section 5(3) of the IGST Act, 2017
Facts of the CaseM/s. Yentop Manickavel Sons Edible Oils Private Limited
filed a refund application claiming refund of IGST amounting to ₹96,525
paid on ocean freight under the Reverse Charge Mechanism (RCM) for the
...
M/s. Yentop Manickavel Sons Edible Oils Pvt. Ltd. vs State Tax Officer-I – Madras High Court Orders Reconsideration of IGST Refund on Ocean Freight under Reverse Charge Mechanism (RCM) in Light of Supreme Court's Mohit Minerals Judgment | Section 5(3) of the IGST Act, 2017
Facts of the CaseM/s. Yentop Manickavel Sons Edible Oils Private Limited filed
a refund application claiming refund of IGST amounting to ₹96,525 paid
on ocean freight under the Reverse Charge Mechanism (RCM) for the ...
M/s. JBB Apparels Pvt. Ltd. vs Principal Additional Director General of GST Intelligence & Anr. | Along with M/s. Nautilus Metal Crafts Pvt. Ltd. vs Principal Additional Director General & Anr. and M/s. JBN Apparels Pvt. Ltd. vs Principal Additional Director General, Directorate General of GST Intelligence & Anr. | Delhi High Court | Provisional Attachment of Bank Accounts under Section 83 of the CGST Act, 2017
Facts of the CaseThe petitioners filed writ petitions before the Delhi High
Court challenging the provisional attachment of their bank accounts by the
Directorate General of GST Intelligence (DGGI). During the hearing,...
Form No. 26, The Consolidated Tax Audit Report Under the Income Tax Act, 2025
Form No. 26The Consolidated Tax Audit Report Under
the Income-tax Act, 2025A Clause-by-Clause, Point-Wise Guide
With Illustrative ExamplesPrescribed under Section 63 of the
Income-tax Act, 2025, read with Rule 47 of t...
Disallowance of Cash Expenditure Exceeding the Prescribed Limit
:
Disallowance of Cash Expenditure Exceeding the Prescribed Limit
To discourage
cash-based business transactions and promote a verifiable banking trail, the
Act disallows any expenditure incurred in respect of ...
Disallowance for Non-Deduction or Non-Payment of Tax Deducted at Source on Business Expenditure
:
Disallowance for Non-Deduction or Non-Payment of Tax Deducted at Source on
Business Expenditure
Where a
business incurs expenditure that requires tax to be deducted at source under
the applicable TDS provisi...
The Residuary Deduction — Expenditure Wholly and Exclusively Laid Out for the Purposes of Business
The
Residuary Deduction — Expenditure Wholly and Exclusively Laid Out for the
Purposes of Business
Beyond the
specific, itemised deductions the Act enumerates, a residuary or 'general'
deduction allows any e...
Deduction for Bad Debts and Provision for Doubtful Debts
Deduction
for Bad Debts and Provision for Doubtful Debts
A debt that
has actually become irrecoverable and is written off as bad in the accounts of
the assessee for the relevant tax year is deductible in comput...