RBI raises the upper limit for small-value offline digital payments from Rs. 200 to Rs. 500, effective immediately.
Circular No. RBI/2023-24/57 CO.DPSS.POLC.NO.S526/02-14-003/2023-24, dated 24-8-2023.
Retirement deed is not clinching evidence for quashing vicarious liability in a cheque bounce case against accused who was partner of a firm.
Riya Bawri Etc. v. Mark Alexander Davidson – [2023] 153 taxmann.com 617 (SC).
CCI releases draft “Commitment and Settlement Regulations, 2023.”
Writ jurisdiction cannot be exercised at SCN stage when it contains necessary details and grounds.
Abhay Traders v. Commissioner Commercial Tax, U.P. – [2023] 153 taxmann.com 725 (Allahabad).
GSTN issues advisory for applicants whose registration application is marked for Biometric-based Aadhar authentication.
GSTN Update, dated 28-8-2023.
Sec. 171 – Anti-profiteering – Since ITC as a percentage of turnover during post-GST period (July 2017 to November 2019) was lower than that of pre-GST period (April 2016 to June 2017), anti-profiteering provisions were not applicable to the project ‘Anandam Square’.
DGAP, CBIC v. Friend Land Developers – [2023] 153 taxmann.com 652 (CCI).
Department cannot conduct GST Audit after approving cancellation of GST Registration.
Tvl. Raja Stores v. Asstt. Commissioner (ST) – [2023] 153 taxmann.com 657 (Madras).
Sec. 107 of CGST Act – Where appeals are to be filed, necessary pre-deposit can be made by debiting Electronic Credit Ledger instead of Electronic Cash Ledger.
Kiran Motors v. Addl. Commissioner of CT & GST (Appeal) – [2023] 153 taxmann.com 633 (Orissa).
Government launches Invoice Incentive Scheme “Mera Bill Mera Adhikaar” to encourage the culture of customers asking for invoice for all purchases, from 1-9-2023.
Inflation-linked valuation of rent-free accommodation covers house taken on lease/rent.
Notification No. 72/2023, dated 29-8-2023.