The Ahmedabad Bench of Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) ruled that the use of fire brick that is dismantled from the undershell of a kiln is not obligated for the duty of waste or scrap. The bench of Ramesh Nair (Judicial Member) and C.L. Mahar (Technical Member) has witnessed that occasionally, fire […] The post CESTAT Ahmedabad Ruling: Used Fire Bricks Not Subject to Excise Duty as Waste first appeared on SAG Infotech Official Tax Blog ..read more

The businesses have proceeded to the High Court challenging the legal validity of the notices who obtained the GST notices in December 2023 and January of this current year as of the extension of the due date for the issuance of the GST notice. Before the centre, certain high courts have furnished the notices and […] The post Surge in Appeals as GST Authorities Issue Tax Notices for Old Returns first appeared on SAG Infotech Official Tax Blog ..read more

The due date for the charitable and religious trusts to file the registration application with tax authorities has been extended to June 30 by the income tax department. Previously the Central Board of Direct Taxes (CBDT) extended the last date for filing Form 10A, and Form 10AB by trusts, institutions, and funds multiple times and […] The post CBDT Extends Due Date for Filing 10A/10AB Forms by Cir No. 7/2024 first appeared on SAG Infotech Official Tax Blog ..read more

In the Income Tax Act a modification that has the objective of stringent the small businesses via assuring timely payments may have mistakenly prevented the buyers from engaging with them. The learned sources with the government discussions indicated a potential amendment in the act at the time of the coming FY25 full budget session in […] The post FY25 Budget Session May Revise Clause H of Section 43B first appeared on SAG Infotech Official Tax Blog ..read more

The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) ruled that the addition could not be deleted for the only cause that the section under which the addition is made is cited incorrectly and that it is essential to look into the merits of the case. The bench of Anikesh Banerjee (Judicial Member) and Padmavathy […] The post ITAT Mumbai: IT Addition Can’t Be Deleted Solely Due to Erroneous Section Mention first appeared on SAG Infotech Official Tax Blog ..read more

The Madras High Court ordered a reconsideration of the case about the timely payment of Goods and Services Tax (GST) dues, especially addressing differences between Goods and Services Tax Returns (GSTR) 1 and GSTR 3B. This order complied with the observation of the court that even after recognizing the prompt payment of GST dues, the […] The post Madras HC Remands Case for Reconsideration: Disparity in GST Returns Ignored Despite Timely Payment first appeared on SAG Infotech Official Tax Blog ..read more

As of January 31 this year, a staggering 5,44,205 petitions awaited resolution within the norms of the Income Tax Department, with an additional 63,246 declining at different levels of appellate authorities including Income Tax Appellate Tribunals (ITATs), High Courts, and the Supreme Court. Despite the Central Board of Direct Taxes (CBDT) obligation to expedite proceedings, […] The post CBDT Starts Drive to Tackle Backlog of 0.54M Tax Appeals first appeared on SAG Infotech Official Tax Blog ..read more

Kerala High Court in its ruling carried that the demand for a late fee for belated GSTR 9C is invalid as the Central Goods and Service Tax ( CGST ) notification exempted the same and permitted the refund of the late fee paid. The court, the applicants shall not be authorized to claim a refund […] The post Late Fee Demand on GSTR 9C Invalid as per GST Notification: Kerala HC Orders Refunds first appeared on SAG Infotech Official Tax Blog ..read more

The Gujarat High Court in its ruling addressed the issue of rejection of GST appeals due to non or delayed submission of certified copies of uploaded orders. The matter comprises Otsuka Pharmaceutical India Pvt. Ltd., a company engaged in the manufacture and export of pharmaceutical products, registered under the GST Act. On the GST portal, […] The post Gujarat HC: Technical Glitch Won’t Sink GST Appeal: Order Copy Delay No Reason for Rejection first appeared on SAG Infotech Official Tax Blog ..read more

Duplication Found in Turnover Reconciliation and GSTR 3B and Form 26AS: Madras HC sets aside GST Demand Order on Pre-deposit Condition The Petitioner, Vadim Infrastructure Private Limited, is in engineering and construction services, contested the assessment order on 31.12.2023 and is assailed on the grounds of violation of principles of natural justice. The major observations […] The post Turnover Discrepancy in GSTR 3B and Form 26AS: Madras HC Rejects Tax Demand Order on Condition first appeared on SAG Infotech Official Tax Blog ..read more