News

The Central Bureau of Investigation (CBI) sentenced the Ex-Branch Manager of UCO Bank to 05 years of rigorous imprisonment and a fine of Rs. 70,000.

CBI Court sentenced Ex-Branch Manager of UCO Bank to 5 Years Rigorous Imprisonment

CBI Court Sentenced Ex-Branch Manager of UCO Bank to 5 Years Rigorous Imprisonment

No expectations of extension of MSME 45 days payment criteria

Orders

The Ministry of Corporate Affairs (MCA) has penalised the Company for using Equity Funds before filing PAS-03.

Company penalised for using Equity Funds before filing PAS-03

Judgement

High Court quashed the Penalty Order for Non-generation of E-Invoice when Turnover of Taxpayer did not cross Rs. 5 Cr. The turnover was wrongly disclosed in GST Return and same was rectified in GSTR-9.

Non-generation of E-Invoice: No Penalty if T/O was wrongly disclosed above 5Cr and Rectified in GSTR-9 [Read HC Order]

AAAR West Bengal has ruled out that No ITC is allowed for construction expenses; irrespective of whether expenses have been capitalised or not.

No ITC allowed for construction expenses; irrespective of whether expenses have been capitalised or not [AAAR]

In case of Geniune Purchase, the High court sat aside order denying ITC on basis of non-reflection in GSTR-2A; ask to consider GSTR-1 rectification

High court sets aside order denying ITC on basis of non-reflection in GSTR-2A

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