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The country after attaining the target of 10% ethanol blending is now focusing on achieving a 20% blending by 2025-26. Industry stakeholders emphasize the significance of implementing measures such as equalizing GST rates to encourage the adoption of Flex Fuel Vehicles (FFVs), recognizing their crucial role in achieving this objective. Currently, FFVs face a GST […]
No credit notes were issued under section 34 of the Central Goods and Service Tax Act, 2017 at the time of returning the goods without obtaining them via the receiver, Madras High Court (HC) ruled. Under Section 34 of the CGST Act, 2017 Purpose of Credit Note / Debit Note is functional merely if the […]
The Directorate General of Goods and Service Tax Intelligence (DGGI) cannot be prevented from opting the intelligence-based enforcement action when investigations are under process by other authorities, the Delhi High Court ruled. When any of the council would have revealed it important to investigate the applicant based on specific data, the investigation could not be […]
On 25th August, the Supreme Court issued the notice for the two identical writ petitions that have been filed under Article 32 of the Constitution of India, contesting the constitutional validity of multiple provisions of the Central Goods and Services Tax Act, 2017 (CGST Act) including Section 69 (i.e., power to arrest), 70(1) (i.e., power […]
Given that GSTAT has not been established, the Himachal Pradesh High Court has halted the service tax cum-divisional commissioner’s decision. According to the bench of Justice Sandeep Sharma, the petitioner had no choice but to turn to the High Court through a petition filed under Article 227 of the Indian Constitution, which otherwise gives the […]
In the case of M/s. Aastha Enterprises Vs. State of Bihar [CWJ 10395 of 2023 dated 18th August 2023] Hon’ble Patna High Court held that Input Tax Credit (ITC) is a benefit or concession granted to the assessee under the statutory scheme, rather than a right conferred upon them. In the case of M/s. Aastha […]
The GST branch of Kerala has declared the introduction of Standard Operating Procedures (SOPs) to track taxpayers’ corrections of improper IGST Input Tax Credit (ITC) reversals by using the GSTR-3B form. A streamlined summary tax return form GSTR-3B, enables taxpayers to report the total unpaid GST liabilities for a particular tax period. It is mandatory […]
The center government was losing revenue because of the GST which must be revenue neutral with the single rate, Economic Advisory Council to the Prime Minister chairman Bibek Debroy. He addressed an event organized by the Calcutta Chamber of Commerce and mentioned that GST directed to a lot of simplification. The economist specified that an […]
The Supreme Court, after hearing the case of M/s. Safari Retreats Pvt. Ltd. & Ors. on 23rd August 2023 at 2:00 PM decided the next hearing before the bench of two members, Justice Abhay S. Oka and Justice Sanjay Karol. In the next hearing, the Supreme Court will regulate the Goods and Services Tax (GST) […]
