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The Delhi High Court has affirmed the authority of the Directorate General of GST Intelligence (DGGI) to provisionally attach a taxpayer’s bank accounts, rejecting a petition that contested the provisional attachment of two accounts held at ICICI Bank by the Principal Additional Director General of the DGGI. This ruling reinforces the DGGI’s powers under the […]
The Finance Department of Jammu and Kashmir, in a move to improve clarity, traceability, and GST compliance, has mandated that all the government payments to contractors and suppliers be made before the bank accounts linked with their respective GSTINs via Circular No.01 (Adm) FD of 2025. Through an official circular, the issued directive applies to […]
The Delhi High Court has directed the GST (Goods and Services Tax) department not to prejudice the taxpayer’s business, which is engaged in the manufacturing of mild steel products, by attaching its entire bank account pending adjudication of ₹15.09 crores in tax evasion proceedings. It was noted by the division bench of Justices Prathiba M. […]
It was carried by the Kerala High Court that cash in a bank account is a ‘property’ liable for provisional attachment u/s 281B of the Income Tax Act. The Division Bench of Justices Sathish Ninan and Shoba Annamma Eapen stated that “the mere fact that a Bank account is not explicitly provided under Section 281B […]
There should be a Tax deduction at source (TDS) on the interest exceeding a specific level earned on the fixed deposits. W.e.f 1 June 2015 recurring deposits have also been brought under the net of TDS. However, no TDS is there on interest made from a savings account of an individual or a Hindu Undivided […]
The Chhattisgarh High Court carried an ex-parte assessment u/s 144 of the Income Tax Act, 1961, against a taxpayer who failed to take part in assessment proceedings or describe the cash deposit source of ₹11,44,070 in his bank account. The bench Justices Sanjay K Agrawal and Amitendra Kishore Prasad remarked that under sections 68 and […]
The matter for re-adjudication is remanded by the Kerala High Court as the attachment of the bank account under Goods and Service Tax ( GST ) proceedings without regarding the taxpayer’s opinion. The applicant has approached the Court with the recovery notice demanding arrears of tax. A M Sainudheen, the applicant is a taxpayer under […]
In the official advisory (No. 623) released on January 23, 2024, the Goods and Services Tax Network (GSTN) has underscored the essential obligation for registered taxpayers to provide their bank account information following Rule 10A of the Central Goods and Services Tax Rules (CGST), 2017. As per the provisions outlined in the CGST Act, 2017, […]
In the case of M/S. Vaidhe Stainless Steel Vs. Union of India Through Its Secretary Ministry of Finance, the Delhi High Court has released an order declaring the Bank Account Attachment instructions given under section 83 of the GST Act ineffective after the expiry of one year. Key Details From the Judgment The petitioner has […]
