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A significant ruling by the Allahabad High Court has clarified that GST authorities do not have the power to initiate proceedings under Section 73 to levy tax on payments received post-GST if the work was actually completed during the VAT regime. The Context: In this specific case, the petitioner, who works under a work contract, […]
The Madras High Court referred the case back to the State Tax Officer (STO) and provided directions for recalculating interest and reviewing Input Tax Credit (ITC) claims. An order dated 25.02.2025 passed by the State Tax Officer, Bhavani Assessment Circle, Erode, has been challenged by A.S.R. Constructions (applicant). This order confirmed part of the demand […]
The Orissa High Court, in a recent judgment, has mandated the revocation of a registrant’s cancelled Goods and Services Tax (GST) registration. This decision is contingent upon the registrant’s clear willingness to pay all outstanding taxes, interest, late fees, penalties, and any other amounts required for the department to process his GST forms. The applicant […]
The Gujarat Authority for Advance Ruling (AAR) ruling said that imported goods sold under a High Seas Sale ( HSS ) agreement and later used in a project initiated through an Engineering, Procurement, and Construction (EPC) contract will draw Goods and Services Tax ( GST ), even if Integrated Goods and Services Tax ( IGST […]
Simanchal Achary, the petitioner is a work contractor who is contesting the first appellate order passed u/s 107 of the Act pertinent to the tax period from July 2017 to March 2018. It was asserted by the applicant that certain payments incurred were not regarded in the adjudication order passed u/s 74 of the act […]
A tax demand of Rs 6.72 crore has been imposed by the GST authorities on the Oil and Natural Gas Corporation Limited (ONGC), India’s largest oil and gas producer. The company in an exchange filing cited that the demand, which contains recovery of tax, interest, and penalties, relates to the IGST liabilities of the company […]
On July 10, 2024, the Central Board of Indirect Taxes and Customs (CBIC) issued Notification No. 12/2024 – Central Tax, to further revise Rule 142 of the CGST Rules. The same revision would be effective from July 10, 2024, which mentions the process of managing the voluntary tax payments that the registered taxpayers made and […]
Payments on the Goods and Services Tax (GST) Portal using IndusInd Bank Account credentials have been enabled by the Goods and Services Tax Network ( GSTN ). The Goods and Services Tax ( GST ) portal on January 5, 2024, was enabled with an updated feature. Through the mode of debit or credit card via […]
Nestle India and Asian Paints have joined the growing list of fast-moving consumer goods (FMCG) companies that have been sent tax notices for differences in the payment of Goods and Services Tax (GST) for the financial year 2017-18. Nestle India announced on Tuesday through an exchange filing that a tax demand notice of Rs 15.01 […]
