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𝗖𝗘𝗦𝗧𝗔𝗧 𝗗𝗲𝗹𝗵𝗶 𝗥𝘂𝗹𝗶𝗻𝗴 𝗼𝗻 𝗖𝗼𝗿𝗽𝗼𝗿𝗮𝘁𝗲 𝗚𝘂𝗮𝗿𝗮𝗻𝘁𝗲𝗲𝘀 𝗮𝗻𝗱 𝗦𝗲𝗿𝘃𝗶𝗰𝗲 𝗧𝗮𝘅 📢 𝗧𝗵𝗲 𝗖𝗘𝗦𝗧𝗔𝗧 𝗗𝗲𝗹𝗵𝗶 𝗵𝗲𝗹𝗱: Corporate guarantees and cargo space booking profits aren't taxable under Finance Act, 1994, due to no consideration.

𝗖𝗘𝗦𝗧𝗔𝗧 𝗞𝗼𝗹𝗸𝗮𝘁𝗮 𝗥𝘂𝗹𝗶𝗻𝗴 𝗼𝗻 𝗣𝗿𝗲-𝗗𝗲𝗽𝗼𝘀𝗶𝘁 𝘂𝘀𝗶𝗻𝗴 𝗗𝗥𝗖-𝟬𝟯 📢 𝗧𝗵𝗲 𝗯𝗲𝗻𝗰𝗵 𝗼𝗳 𝗖𝗘𝗦𝗧𝗔𝗧 𝗞𝗼𝗹𝗸𝗮𝘁𝗮 𝘀𝘁𝗮𝘁𝗲𝗱: The appellant’s DRC-03 deposit under Section 35 of the Central Excise Act, 1944, is invalid for appeal filing.

📢 Top-5 Judgments of the week reported by CENTAX @centaxindia 📍1. Rajasthan High Court granted protection to assessee to file appeal before GST Tribunal within 3 months from date of its constitution. 🌿 Hukma Ram Dudi vs. State of Rajasthan (2024) 21 Centax 60

𝗖𝗘𝗦𝗧𝗔𝗧 𝗖𝗵𝗮𝗻𝗱𝗶𝗴𝗮𝗿𝗵 𝗥𝘂𝗹𝗶𝗻𝗴 𝗼𝗻 𝗦𝗲𝗿𝘃𝗶𝗰𝗲 𝗧𝗮𝘅 𝗮𝗻𝗱 𝗘𝘅𝗽𝗼𝗿𝘁 𝗼𝗳 𝗦𝗲𝗿𝘃𝗶𝗰𝗲𝘀 📢 CESTAT Chandigarh ruled that M/s Viavi Solutions India’s services to JDSU USA are export services, not taxable.

𝗖𝗘𝗦𝗧𝗔𝗧 𝗗𝗲𝗹𝗵𝗶 𝗥𝘂𝗹𝗶𝗻𝗴 𝗼𝗻 𝗘𝘅𝗽𝗼𝗿𝘁 𝗼𝗳 𝗦𝗲𝗿𝘃𝗶𝗰𝗲𝘀 📢 The bench of CESTAT Delhi stated: Services provided by M/s Viavi Solutions India Pvt. Ltd. qualify as export of services, not intermediary services. The appeal is allowed.

𝗖𝗘𝗦𝗧𝗔𝗧 𝗥𝘂𝗹𝗶𝗻𝗴 𝗼𝗻 𝗥𝗲𝗳𝘂𝗻𝗱 𝗼𝗳 𝗦𝗲𝗿𝘃𝗶𝗰𝗲 𝗧𝗮𝘅 📢 The bench of CESTAT observed:

📰 𝗞𝗲𝗿𝗮𝗹𝗮 𝗛𝗶𝗴𝗵 𝗖𝗼𝘂𝗿𝘁 𝗥𝘂𝗹𝗶𝗻𝗴: 𝗪𝗿𝗶𝘁 𝗡𝗼𝘁 𝗠𝗮𝗶𝗻𝘁𝗮𝗶𝗻𝗮𝗯𝗹𝗲 𝗔𝗴𝗮𝗶𝗻𝘀𝘁 𝗙𝗶𝗿𝘀𝘁 𝗔𝗽𝗽𝗲𝗹𝗹𝗮𝘁𝗲 𝗔𝘂𝘁𝗵𝗼𝗿𝗶𝘁𝘆 𝗢𝗿𝗱𝗲𝗿 📢 The bench of Justice A. K. Jayasankaran Nambiar and Justice Syam Kumar V.M. held that

📢 𝗜𝗺𝗽𝗼𝗿𝘁𝗮𝗻𝘁 𝗚𝗦𝗧 𝗡𝗼𝘁𝗶𝗳𝗶𝗰𝗮𝘁𝗶𝗼𝗻 𝗔𝗹𝗲𝗿𝘁! 📰 The Government of India has issued Notification No. 16/2024–Central Tax on 6th August 2024, bringing significant updates that all GST stakeholders need to be aware of. Here are the detailed highlights:

Part-1 of Case Laws on GST SCN. These will help you in drafting. Steps to follow to download file: 1) Follow me, Else DM will not work 2) Reply or Retweet the Tweet 3) Check DM and Follow the Steps 4) Join GST Litigation Group Thanks, if possible, do support me in Elections [img:c192O2EeN]

The Income Tax Department has released an update on the processing of Income Tax Returns (ITRs) for the assessment year 2024-25. As of July 31, 2024, over 6.21 crore ITRs have been e-verified. Out of these, more than 5.81 crore were verified using Aadhaar-based OTP.