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Your GST returns filing can witness an amendment this month, affecting your compliance and financial reporting processes. From new reporting limits and obligations adjustments to the compliances, such revisions under GST Notification No. 12/2024 are set to impact every taxpayer. Learn what to do to stay ahead. What Amount of Tax Do I Need to […]
The Goods and Service Tax Department who passed the attachment order has been quashed by the Calcutta High Court. It was discovered that the taxpayer is unable to file the GST appeal due to illness. The appellate authority is asked to hear out and dispose of the plea on merits, within 8 weeks from the […]
Delhi High Court in a ruling held that the cancellation of a GST registration does not avert the tax department from commencing proceedings or recovering outstanding tax dues. The applicant Saraswati Trading Company filed a petition via its proprietor Rakesh represented by Advocate Vineet Bhatia asking to provide the precise writ to the respondent union […]
A detention order has been quashed by the Allahabad HC issued u/s 129 of the GST (Goods and Services Tax) Act, discovering that the expiry of an e-way bill due to a driver’s detour was insufficient grounds for such action. It remarked that the intention to evade tax is essential for invoking Section 129. The […]
INR 160 Crore goods and service tax (GST) demand notice has been imposed on the Shipping Corporation of India from the Deputy Commissioner of State Tax, Government of Maharashtra, for the financial year 2019-20, as per the filing of the company in the BSE. “The Company has received a order dated 28th August 2024 under […]
As per the discussion about the rate rationalization by the GST council, FM Nirmala Sitharaman mentioned that the states were cautious about moving ahead with rate cuts. “I am not blaming them…they want revenue without burdening the people…when they sit there, they know their job is not to please anyone but protect revenue,” she said. […]
The Calcutta High Court has set aside the case u/s 73(9) Central Goods and Services Tax (CGST) Act, 2017, because the consultant did not inform the petitioner of the Show Cause Notice (SCN) on the portal, and has remanded the case for fresh consideration, remarking that the consultant left the job without proper communication, thereby […]
A tax demand of approx INR 429.05 crore from the Deputy Commissioner of State Tax, Maharashtra has been received by ICICI Prudential Life Insurance Company Ltd. ICICI Prudential in a stock filing cited that the GST demand comprises Rs 208.02 crore, Rs 200.22 crore in interest, and Rs 20.80 crore in penalties. ICICI Prudential mentioned, […]
The writ petition has been rejected by the Orissa High Court contesting the jurisdiction ruling that the Deputy commissioner can block Input Tax Credit ( ITC ) under Rule 86A of Orissa GST ( Goods and Services Tax ) Rules, 2017. The applicant, Atulya Minerals, aimed to quash the letters issued by the Deputy Commissioner […]
