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In the case of Bar Code India Limited vs Union of India, the Punjab & Haryana High Court ruled that corrections to a purchaser’s GST number in the GSTR-1 return cannot be made after the limitation period has expired. The court emphasized that errors by a company, causing financial loss to another, do not initiate […]
The Goods and Services Tax (GST) department typically initiates an audit when it detects discrepancies or suspicious activities, such as inconsistencies in GST returns or a significant mismatch between input and output tax credits. After completing the audit, a report is prepared, and a notice is issued to the taxpayer based on the findings. For […]
Recently, some reports have been received from the taxpayers regarding problems generating the GSTR-2B for October 2024, noting that it was unavailable on the GST portal as of November 14, 2024. In response, GST authorities clarified that the issue arises from the system’s design and specific compliance requirements. Why is the Auto-populated Form GSTR-2B Not […]
Biometric Aadhaar authentication is set to be introduced at 46 GST service centres across Madhya Pradesh to address issues of fraudulent GST registrations at the initial stages. The objective of this initiative is to improve the registration process by identifying and stopping activities of fake taxpayers, to cease the revenue leakage for the government. These […]
Sulajja Firodia Motwani, Chair of FICCI’s Electric Vehicle Committee, has called on the government to lower GST rates on EV batteries and charging services to make electric mobility more affordable and competitive. Addressing the FICCI National Conference on EVs, she highlighted the need for swift policy changes to boost the growth in the sector. Although […]
The Central Board of Indirect Taxes and Customs (CBIC) has announced a one-day extension for filing GSTR-3B, moving the deadline to November 21, 2024, for GST-registered taxpayers located in Maharashtra and Jharkhand, which are currently preparing for legislative assembly elections. On November 18, 2024, the CBIC shared via X (formerly Twitter) that the elections in […]
A Goods and Services Tax ( GST ) demand notice and order issued u/s 74 of the Central Goods and Services Tax Act, 2017 has been quashed by the Punjab and Haryana High Court, following the earlier closure of proceedings u/s 61 of the Central GST Act. The case concerned JSB Trading, a firm dealing […]
Multiple petitions are been faced by the Bombay High Court related to the quashing of demand notices issued under the Goods and Services Tax (GST) Acts, submitted by separate entities engaged in the construction business. The HC suggested the applicants first approach all other remedies available to them to challenge their matter before approaching the […]
It was carried by the Delhi High Court that refunds, be it from the balance left in the electronic cash or the Electronic Credit Ledger, are considered at par and the Commissioner under the Central Goods and Services Tax Act may withhold both in the practice of its powers u/s 108. Section 108 provides the […]
