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It was mentioned by the Kerala High Court that the provision of section 74 of the CGST Act can be invoked if the taxpayer fails to report actual sales to evade tax. The Bench of Justice Gopinath P. observed that “It is for the assessee to get his claim adjudicated by the statutory authorities under […]
The Delhi High Court ruled that the amount of debt to be disallowed from the Electronic Credit Ledger (ECL) must not surpass the amount of the Input tax credit (ITC), which is regarded to have been taken by taxpayers wrongly. The High Court explained that Rule 86A of CGST Rules 2017 is an emergent measure […]
The Delhi High Court quoting the order cancelling the applicant’s GST registration with the retrospective effect does not show any cause except directing to the SCN, quashing the mentioned order, and allowing the applicant to furnish a reply to the show cause notice. The Division Bench of Justice Vibhu Bakhru and Justice Sachin Datta noted […]
The Andhra Pradesh Authority for Advance Ruling (AAR) mentioned that Natural Fibre Composite (NFC) Board manufactured using raw materials, and bonded together using Polyvinyl Chloride (PVC) resin as a bonding agent draws a Goods and Services Tax (GST) of 12% as per its GST classification. Advance Ruling application under Section 97 of the Central GST […]
Karnataka, the second-highest state in India for Goods and Services Tax (GST) collection, launched a new initiative aimed at improving GST collection by removing fraudulent taxpayers. According to Commercial Taxes Commissioner C. Shikha, a pilot study revealed that the new system successfully removed approximately 30 per cent of fraudulent taxpayers. Once the taxpayers were identified […]
Post-closing the pre-show cause notice for Infosys pertinent to FY 2017-18, the investigation officials will analyze whether full ITC was claimed towards the expenses made via the overseas branch offices from FY19 to FY22. A procedure to solve the issuance of the notices to Infosys along with the foreign airlines and shipping council is anticipated […]
The Delhi Bench of Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) ruled that a wrong address cited in invoices cannot be a reason to deny CENVAT credit. It was noted by the bench of Rachna Gupta (Judicial Member) that the invoices with the wrong addresses issued via the input service providers comprise all the […]
In between an ongoing legal battle on the GST application for Joint Development Agreement (JDA) in the real estate sector, the GST Council is anticipated to look into the problems, as the Group of Ministers recommended, on September 9 2024. It is anticipated that a GoM is likely to meet this week. The key terms […]
The Madras High Court in a ruling, set aside the penalty of 300% mentioning that the GST department did not consider the same High Court ruling that Section 27(4) Tamil Nadu Value Added Tax (TNVAT) cannot be invoked for belated filing of returns. The applicant, Clean Switch India, contested an order on March 18, 2024, […]
