News

Since the company allegedly failed to pay such GST, the tax department has levied a penalty of Rs 143,08,40,592 on the company.

GAIL India Slapped with 143 Cr Penalty for Non-Payment of GST on Corporate Guarantee

Judgement

Court holds Government cannot withdraw export benefits retrospectively under FTDR Act, allowing incentives only for exports made after fresh notification took effect

HC Says No Retrospective Withdrawal of Export Benefits; TMA Incentives Restored for Chilli Exporters

SC declines to condone nearly one-year delay by Income-Tax Department; upholding HC’s quashing of Section 148 notices issued despite MAT tax neutrality

SC Refuses to Revive Reopened Assessments: No Tax Escapement Under MAT, 330-Day Delay Proves Fatal

Articles

The company has disagreed with the above GST order and called it arbitrary, unjustified and unsustainable in law.

Hitachi Slapped with GST Demand for Difference of Value Declared in TDS and GST Return

Jalandhar-based hospital succeeds before ITAT after officers fail to show application of mind, Section 147 reassessment and Rs. 25 lakh enhancement struck down.

ITAT Slams "Mechanical" Reassessment: Hospital Wins Relief as PCIT’s Enhancement Also Quashed

Court holds that dividend, bank-deposit interest, and service charges on government-funded loans are NOT “profits derived from long-term finance”

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GAIL India Slapped with 143 Cr Penalty for Non-Payment of GST on Corporate Guarantee

HC Says No Retrospective Withdrawal of Export Benefits; TMA Incentives Restored for Chilli Exporters

SC Refuses to Revive Reopened Assessments: No Tax Escapement Under MAT, 330-Day Delay Proves Fatal

Hitachi Slapped with GST Demand for Difference of Value Declared in TDS and GST Return

ITAT Slams "Mechanical" Reassessment: Hospital Wins Relief as PCIT’s Enhancement Also Quashed

SC: Only Income Directly From Long-Term Finance Qualifies for Section 36(1)(viii) Deduction; NCDC Appeals Rejected