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New trouble has emerged for Patanjali Group companies led by Baba Ramdev. Directorate General for GST Intelligence (DGGI) is comprehended to have issued two show-cause notices to Patanjali Group companies Patanjali Ayurved and Patanjali Foods. As per the sources, DGGI (Directorate General for GST Intelligence) has sent 2 SCN before Patanjali group companies Patanjali Ayurved […]
GST council has sent notices to numerous businesses for the peculiarities in their claimed input tax credit (ITC). It arrives post-investigation of the ITC through these firms, which revealed differences between their annual returns. Under Section 150 of the CGST Act of 2017, the notices were issued that needed the assesses to provide a detailed […]
Following a series of GST demand notifications, the business sector is eager for the inclusion of an amnesty scheme in the upcoming interim budget. However, opinions among experts are divided on this matter. In the previous year, reports indicated that authorities responsible for goods and services tax (GST) issued notices totalling around Rs 1.45 lakh […]
Many emerging sectors have been issued notices for GST tax evasion. The tax authorities have been utilizing the latest technology, Artificial Intelligence (AI), to track discrepancies in tax payments. This has raised concerns and started a debate over the use of AI. If we focus on the previous financial year alone, the department has detected […]
Dabur India joined the growing list of companies that have received tax notices, as the Goods and Services Tax (GST) authorities issued a demand of over Rs 320 crore. Dabur India, a consumer goods company, has stated its intent to challenge this demand with the relevant authorities. In recent months, a variety of businesses spanning […]
According to a report, foreign companies such as Facebook, Google, etc have received notices from the Goods and Services Tax (GST) authorities to ensure compliance with new GST regulations. These notifications have been sent to approximately 70 digital companies, including advertising firms, Edtech companies, and online firms, to align with the requirements of an 18 […]
The KGST Department has recently issued a circular no. 16/2023, under its authority in accordance with Section 168 of the Kerala State Goods and Services Tax (KSGT) Act, 2017 to establish a standardized issuance of notices under Sections 73 and 74. These sections deal with the determination of tax liabilities, where Section 73 applies to […]
Banks are currently dealing with uncertainty regarding the relevancy of the Goods and Services Tax (GST) to the use of a common brand name across all their branches and subsidiaries, according to sources familiar with the matter. Some lenders have started receiving GST notices related to using their branch and subsidiary brand name, said the […]
A number of local corporate entities that provided corporate guarantees on behalf of their subsidiaries, as well as MNCs that provided similar guarantees for their Indian subsidiaries, have received GST demand notices from the Directorate General of Goods and Services Tax Intelligence (DGGI). At least 14 companies, including automakers, FMCG, and electronic goods companies, have […]
