Tag: Tax Law

  • GST Judgement – Goods In Transit

    ALLAHABAD HIGH COURT Bishnu Supply Co. …..AppellantV/sState of U.P. and Another …..Respondent Honble JusticeShekhar B. Saraf and Manish Kumar Nigam, JJ. Date : 21/09/2024 Appearance:Shubham Agrawal for the Petitioner.C.S.C. for the Respondent.  Issues Involved :-  Case referred/cited :-Halder Enterprises Versus State of U.P. and others — [2023] 67 S.K. Trading Co And Another Versus Additional Commissioner Grade 2 (Appeal) and Another —…

  • Taxation of Real Estate Transaction under GST

    Introduction The Goods and Services Tax (GST), a comprehensive indirect tax system, has been a transformative step in streamlining India’s taxation structure. However, its application in the real estate sector has been a complex affair. The real estate sector, with its unique challenges and intricacies, has always been a tough nut to crack when it…

  • Taxation of ESOPs in India and Abroad

    Introduction Employee Stock Option Plan (ESOP) has gained popularity as a tool for employee retention, especially in startups that may not be able to offer hefty pay packages. ESOPs provide employees with an opportunity to become equity shareholders of the company over a period of time. However, the taxability of ESOPs can be complex. In…

  • GST Judgment – Cancellation of Registration

    DELHI HIGH COURT   W. P. (C) 5499/2024 & CM APPL. 22616/2024   Kalpana Cables Products Pvt. Ltd. …..Appellant V/s The Commissioner, Department of Trades and Taxes & Anr. …..Respondent   Hon`ble Justice Sanjeev Sachdeva and Purushaindra Kumar Kaurav, JJ.   Date : 22/04/2024   Appearance: Mr. Abu John Mathew, Advocate for the Petitioner.Mr. Rajeev…

  • VAT/SALES-TAX/SERVICE-TAX JUDGMENT – Cenvat Credit

    JHARKHAND HIGH COURT Orissa Manganese and Minerals Limited ………………………………………. Appellant.VCommissioner, Central Goods and Service Tax and Central Excise, Jamshedpur, Deputy Commissioner, Central GST and Central Excise, Division III, Jamshedpur, Superintendent, CGST & CX, Adityapur-6 Range ………………………………………… Respondent.   Rongon Mukhopadhyay and Deepak Roshan, JJ.   Date : February 20, 2024   Appearances Mr. Indrajit Sinha, Advocate Mr.…