Delhi HC begins final
hearing on the question of constitutionality of Section 140(3)(iv) of CGST Act
which limits transitional credit on goods in stock, to a period of 1 year;
As per the petitioners, since credit is not allowed of stock prior to June 30,
2016, the conditions stipulated under said section r/w Rule 117(4)(a)(iv) of
CGST Rules are arbitrary, unreasonable and in violation of Articles 14 and
19(1)(g) of Constitution; Advocate Tarun Gulati explains to the Court how
assessees having valid documents are placed at a disadvantage vis-a-vis those
who do not have invoices and still get reduced credit on account of proviso to
Section 140(3); HC lists the matter for further hearing on May 1.
Subscribe to:
Post Comments (Atom)
-
In this article, for the benefit of our reader’s we have come up with detailed FAQ on procedures of issuance, requirement of Form 15CA an...
-
1. Situation I. Tax Department Summons An employee received a summons from the tax department demanding an explanation for failing to discl...
-
Particulars in Part 1 and Part 2 of Step-2 of registration form are required to be exactly the same as reported in the TDS statement. Plea...
-
In this post, I will discuss Secretarial Standards related to Proxies under SS – 2. Right to Appoint: A Member entitled to attend and ...
-
Many of us rely on home loans to purchase residential property, but are you fully aware of how tax laws impact your financial strategy? Unde...
-
Summary of the relevant updates is provided below for ease of your reference: A) Proposals relating to GST law, Compliances an...
-
Particulars Singapore Hong Kong Corporate Tax rate 17% 16.5%. Numb...
-
The circular of the Board dt. 28.06.1965 No. 17 (XL-36), provides for inspection fees and fees for certified copies of assessment and...
-
The posting had been move to another website. Please click the link below to get the access of the same. https://taxofindia.wordpress....
No comments:
Post a Comment