Tax Compliance – Outspire Innovations

18 May 24

Disposable Paper Cups Now Subject to 18% GST: West Bengal AAR’s Crucial Ruling

Corporate Compliance, Direct Tax Compliance

In a significant ruling, the West Bengal Authority for Advance Rulings (AAR) has determined that disposable paper cups will now attract an 18% GST. This decision, impacting manufacturers like Sekandar Sardar, underscores the importance of understanding tax classifications for products made with composite materials. At Outspire Innovations, we help businesses…

10 May 24

Calcutta High Court Ruling: Non-extension of E-way Bill Does Not Imply Tax Evasion

Corporate Compliance

In a recent ruling, the Calcutta High Court emphasized that the absence of an extended E-way bill does not automatically imply an intent to evade tax. The judgment underscores the need for concrete evidence to substantiate any allegations of tax evasion, rather than relying solely on procedural lapses. This serves…

08 May 24

Seller’s Default in Tax Payment and First Resort of Action – Calcutta High Court

Corporate Compliance

In a recent landmark ruling, the Calcutta High Court shed light on the intricacies of tax disputes, particularly regarding the responsibility of sellers in ensuring compliance. The case of LOKENATH CONSTRUCTION PRIVATE LIMITED vs. MAT 2459 OF 2023 underscores the significance of addressing seller default in tax payment as the…

06 May 24

Implications of Ancillary Services in Goods Transportation: AAR Telangana’s Ruling

GST Return and Compliance

In a recent ruling by the Authority for Advance Rulings (AAR) in Telangana, the case of M/S. DRS Dilip Roadlines Limited shed light on the classification of ancillary services such as packing, loading, unloading, and unpacking in relation to transportation. Let's delve into the details and implications of this ruling.

04 May 24

Penalties and Interest: A Closer Look at Allowability Under the Income Tax Act, 1961

Direct Tax Compliance

Understanding what can and cannot be deducted under the Income Tax Act, 1961, is crucial for businesses to stay compliant and optimize their financial strategies. Let's explore the key principles governing the allowability of penalties and interest, shedding light on how organizations can effectively manage their tax liabilities.

29 Apr 24

Extended Deadline for Form 10A/10AB for Charitable Trusts by CBDT until June 30

Direct Tax Compliance

The recent announcement by the Central Board of Direct Taxes (CBDT) regarding the extension of the deadline for filing Form 10A/10AB brings significant relief to charitable trusts across India. This extension, until June 30, 2024, offers trusts additional time to ensure compliance with regulatory requirements and maintain their tax-exempt status.

10 Apr 24

ITR-1, ITR-2, ITR-4 Forms for FY 2023-24 Available for E-Filing

Direct Tax Compliance

Filing income tax returns (ITR) is a crucial task for taxpayers, ensuring adherence to tax laws and promoting financial transparency. The Income Tax Department of India has embraced digitalization, offering online ITR forms for the fiscal year 2023-24.

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Disposable Paper Cups Now Subject to 18% GST: West Bengal AAR’s Crucial Ruling

Calcutta High Court Ruling: Non-extension of E-way Bill Does Not Imply Tax Evasion

Seller’s Default in Tax Payment and First Resort of Action – Calcutta High Court

Implications of Ancillary Services in Goods Transportation: AAR Telangana’s Ruling

Penalties and Interest: A Closer Look at Allowability Under the Income Tax Act, 1961

Extended Deadline for Form 10A/10AB for Charitable Trusts by CBDT until June 30

ITR-1, ITR-2, ITR-4 Forms for FY 2023-24 Available for E-Filing

Refund Claim Cannot Be Denied Due to Technical Issues: Delhi High Court Ruling

Understanding Recovery Proceedings Under the CGST Act: A Recent High Court Ruling

Disposable Paper Cups Now Subject to 18% GST: West Bengal AAR’s Crucial Ruling

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