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Central Board of Excise and Customs (CBEC) has declared first-month revenue data after the implementation of the Goods and Services Tax Regime.
Under the indirect taxation regime, all other indirect taxes such as VAT, excise duty and service tax will be replaced and the buyer will have to pay a single 12 percent tax, excluding stamp duty on the purchase of house or apartments.
The Revenue Authorities needed to tax the correct person accurately and will not disallow the eligible deductions on mere technicalities, New Delhi ITAT stressed. The Bench of M. Balaganesh (Accountant Member) and Yogesh Kumar U.S (Judicial Member) followed that “the Revenue has rejected the plea of the Assessee based on mere technicalities and it is […]
The Delhi High Court, in the case of Sulender Shah v. Additional Commissioner/Joint Commissioner CGST [W.P.(C) NO. 15766 OF 2023 dated December 7, 2023], instructed the Revenue Department to electronically issue the summary of Show Cause Notice and Demand using Form GST DRC-01 & Form GST DRC-02. This ruling emphasized that the summary of Demand […]
Finance Minister Buggana Rajendranath Reddy inaugurated a GST Seva Kendram and unveiled the Vision and Mission of the Commercial Taxes Department. Additionally, he introduced a compendium comprising Standard Operating Procedures (SoP), circulars, and peer learning material linked to State tax matters. The event took place on Monday. The primary goal of the GST Seva Kendram […]
To prevent fraudsters from entering the system, the State Taxes & Excise Department has set a goal of achieving 100% approval of GST registrations through manual processes, following thorough verification of the documents submitted with the registration application. Additionally, the department is implementing appropriate measures to physically verify suspicious or dicey registrants. According to a […]
The Orissa High Court clarified that an order by the Income Tax Appellate Tribunal (ITAT) dismissing the department’s appeal due to a low tax effect can be appealed before the High Court under Section 260A of the Income Tax Act, 1961. However, the High Court cannot entertain an appeal against the ITAT’s dismissal of the […]
The Madras High Court has instructed the state tax officer to probe the misuse of login IDs linked to potential tax evasion by unidentified individuals. Justice C. Saravanan’s bench noted the petitioner’s claim of a third party exploiting their login ID to file returns and funnel a substantial input tax credit to this unauthorized entity. […]
Delhi’s GST revenue has achieved a significant increase of nearly 17% during the first half of the current fiscal year compared to the same period in 2022-23. This positive trend has instilled hope in the government, as it anticipates exceeding its estimated collection. According to data, during the initial two quarters of 2023-24, the Delhi […]
