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In a recent decision, the Patna High Court declared that the pre-deposit for upholding an appeal following Section 107(6)(b) of the CGST/SGST Act can only be made using funds from the Electronic Cash Ledger, not the Electronic Credit Ledger. The division panel, consisting of Justices Madhuresh Prasad and Chakradhari Sharan Singh, concluded that the pre-deposit […]
Patna HC’s Order for M/s Prince Sanitation Gandhi Path
According to an official, the government is expected to introduce a mandatory requirement for businesses to generate electronic or GST E-invoices for B2C transactions within the next 2-3 years. Presently, for companies with a turnover of Rs. 5 crores and above, it is mandatory to issue e-invoices for their Business-to-business (B2B) sales and purchases. The […]
According to Central Board of Indirect Taxes and Customs (CBIC) official Sanjay Kumar Agarwal, the increase in Goods and Services Tax (GST) collections in October is due to economic activity rather than the issuance of notices by tax authorities. Advisories will be issued to businesses that are not practising generating GST e-invoices for their B2B […]
The show cause notice has been quashed by the Supreme Court of India which ruled that the penalty under section 76 of the Goods and Service Tax (GST Act) is not imposed on the grounds of the wrong stating of the category of service in the show cause notice. Notices were served under Section 73 […]
There was proper verification on the portion of the customs house agent (CHA) concerning the genuineness of the Importer-Exporter Code (IEC) and GSTIN, the Delhi High Court ruled. The bench of Justice Yashwant Varma and Justice Dharmesh Sharma witnessed that only allegations that certain other individual was importing the goods in the name of the […]
The current uncertainty about the categorization of Snacks and Namkeens for Goods and Services Tax (GST) rates is once again causing confusion. The snacks industry is now seeking absolute consideration from the government regarding the status of namkeens, fryums, and snacks, following a series of notices issued by the Directorate General of GST Intelligence (DGGI), […]
According to the most recent update in Parliament, Chinese handset manufacturers such as Xiaomi, Realme, Oppo, Vivo, and Oneplus have avoided paying Goods and Services Tax (GST) totalling Rs 1,108.98 crore and customs duties totalling Rs 7,966.09 crore over the last 5 years until 2023-24. Rajeev Chandrasekhar, Minister of State for Electronics and Information Technology, […]
The tax authorities have increased their tax demands on several manufacturers of automobile parts, citing a Supreme Court ruling involving a business owned by the West Bengal government. As per informed sources, the Directorate General of Goods and Services Tax Intelligence (DGGI) has issued notices to at least 17 of these businesses in the last […]
