News

JK Tyre faces a Rs. 17.56 crore setback as GST authorities reject its input tax credit claim on machinery lease, with the company planning to appeal further.

JK Tyre &amp; Industries Faces ITC Reversal Setback, Plans to Challenge GST Ruling

Judgement

The notice did not mention the cancellation of GST registration or anything about the death of the owner of the partnership firm, due to which the court quashed the notice and the order.

GST: HC Quashes SCN and Order Issued Against Dead Owner

The Allahabad High Court quashed the demand order, and the matter is remanded to the authority for a fresh review.

HC: Tax, Interest, and Penalty Demanded In GST Order Shall Not Exceed Amount In Notice

The High Court ruled that no fresh GST claims or tax demands can be initiated after approval of a resolution plan under the Insolvency and Bankruptcy Code (IBC).

GST Authorities Cannot Revive or Initiate New Claims Post-CIRP: HC

The ITAT ruled in favour of the assessee and held that Derivatives are not the same as shares, even if shares are the underlying asset.

India-Mauritius DTAA: ITAT Mumbai Confirms Derivative Gains Not Taxable in India for Mauritius Entities

Articles

The operation targets people and organisations that are helping others make fake claims for tax deductions and exemptions in their Income Tax Returns.

Income-tax raiding individuals for Fake deduction claims

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JK Tyre & Industries Faces ITC Reversal Setback, Plans to Challenge GST Ruling

GST: HC Quashes SCN and Order Issued Against Dead Owner

HC: Tax, Interest, and Penalty Demanded In GST Order Shall Not Exceed Amount In Notice

GST Authorities Cannot Revive or Initiate New Claims Post-CIRP: HC

India-Mauritius DTAA: ITAT Mumbai Confirms Derivative Gains Not Taxable in India for Mauritius Entities

Income-tax raiding individuals for Fake deduction claims

Explore Our Blogs

Stay updated with the latest insights, tips, and industry trends from our experts

JK Tyre &amp; Industries Faces ITC Reversal Setback, Plans to Challenge GST Ruling

GST: HC Quashes SCN and Order Issued Against Dead Owner

HC: Tax, Interest, and Penalty Demanded In GST Order Shall Not Exceed Amount In Notice

GST Authorities Cannot Revive or Initiate New Claims Post-CIRP: HC

India-Mauritius DTAA: ITAT Mumbai Confirms Derivative Gains Not Taxable in India for Mauritius Entities

Income-tax raiding individuals for Fake deduction claims

JK Tyre & Industries Faces ITC Reversal Setback, Plans to Challenge GST Ruling