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The Punjab and Haryana High Court has provided interim relief in a case that questions the imposition of Goods and Services Tax (GST) on corporate guarantees. This decision has temporarily prevented any coercive measures from being taken against the petitioner involved in the case. Asking for relief, Panacea Biotec approached the High Court. The applicant’s […]
The Gross GST collection of the state has registered collections of ₹13,971 crore, a rise in the rate of 22.35%, during the first half of the financial year (April–September). It is an effective rise compared to ₹11,418 crore GST collected in the same period last year, Finance Minister Harpal Singh Cheema cited. “Over the first […]
To discuss issues encountered by the business community under the Goods and Services Tax (GST) regime, Amit Kapoor, president of Punjab Pradesh Vyapar Mandal and vice-president of the Federation of All India Vyapar Mandal, met Union Minister of State for Finance Pankaj Chaudhary in New Delhi. Kapoor, in the meeting, furnished a detailed memorandum specifying […]
The Punjab and Haryana High Court has ruled that when someone is called in by the officials from the Directorate General of Goods and Services Tax Intelligence (DGGI), their statement must be taken during regular working hours and with their lawyer present. The Court also highlighted that the individual has the right to ask for […]
In the net Goods and Services Tax (GST) collection for June 2025, Punjab registered a record 44% year-on-year increase. For the first quarter of the 2025–26 fiscal year, a growth of 27.01% was recorded, Finance and Taxation Minister Harpal Singh Cheema stated. Cheema cited that the net GST collection for June 2025 has arrived at […]
Punjab Finance Minister Harpal Singh Cheema articulated that the Excise and Taxation department has conducted targeted Goods and Service Tax (GST) registration drives to widen the GST base, consequence in the addition of 46,338 new taxpayers in 2023-24 and approximately 33,000 new taxpayers up to December 2024. To educate taxpayers on filing procedures, and compliance […]
The Central Board of Direct Taxes (CBDT), under the Ministry of Finance, has issued Notification No. 16/2025 dated February 12, 2025, granting tax exemption to the Real Estate Regulatory Authority (RERA), Punjab u/s 10(46A) of the Income-tax Act, 1961. Under the notification, RERA Punjab (PAN: AAAJR1281N) has been acknowledged as an exempt entity for the […]
Punjab Finance, Planning, Excise and Taxation Minister Harpal Singh Cheema said that the state had recorded an 11.87% increase in net Goods and Services Tax (GST) collection up to January in the existing fiscal year, exceeding the national average of 10 per cent. Punjab has reported a significant increase in its revenue, with excise taxes […]
It was cited by the Punjab and Haryana High Court that the plea could not be dismissed as not maintainable for not filing the requisite fee. The Division Bench comprising Justices Sanjeev Prakash Sharma and Sanjay Vashisth was acknowledging the matter in which the Appellate Authority dismissed the plea as not maintainable on the basis […]
