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C Rangarajan, former Chairman, of the Economic Advisory Council to the Prime Minister and former RBI Governor said that for rationalizing the GST slabs a road map should be made. What is the Need for GST? Goods and Services Tax (GST) has the objective of furnishing a taxation system that is identical to the goods […]
The mother of a three-year-old boy suffering from Spinal Muscular Atrophy (SMA) is been permitted by the Kerala High Court to buy Risdiplam, an imported drug for treatment of the rare disease, without paying a 12% GST. When a writ petition filed by Amrita S. from Alappuzha came up for hearing Justice Gopinath P. passed […]
A network of 232 fake money-changing companies has been excavated by the Income Tax Department and detected tax evasion amounting to ₹1,000 crore via fraudulently generated Input Tax Credits under the Goods and Services Tax (GST) regime. Furnishing the information of the bogus process, the Chairman of the Central Board of Indirect Taxes and Customs […]
Delhi High Court in a judgment stressed the importance of complying with the statutory needs laid out in Section 74 of the Tamil Nadu Goods and Services Tax Act, 2017 (TNGST Act), in the case of Balaji Electrical & Hardwares Vs State Tax Officer (ST). The very ruling has set a precedent, assuring that the […]
Processed pulses received post-dehusking and splitting the grains are not similar to the whole pulse grains and not agricultural produce, making them taxable for goods and services tax (GST) at the rate of 18 per cent, ordered the Andhra Pradesh authority for advance rulings (AAR). For easing the transactions between wholesalers and millers or farmers […]
The Allahabad High Court ruled that when the Goods and Services Tax Regime was established in 2017, issues in downloading GST e-way bills were there. The difficulties were fixed and from April 2018 there were no problems in generating the same. Justice Shekhar B. Saraf ruled that keeping the penalty order under Section 129 of […]
The Kerala High Court in a ruling addressed the legal dispute between Carpenters Classics India Pvt. Ltd. and the Assistant State Tax Officer, concentrating on the complexity of GST compliance and the procedural necessities for the transportation of goods across state lines. This case specifies the enforcement of GST regulations, the business’s responsibilities in generating […]
Section 50 of The CGST Act was revised to furnish that there would be no interest obligation on late filing of GSTR-3B to the extent of the balance in The Electronic Credit Ledger, the Courts in the following and other cases ruled that interest was subjected to be paid even after there was balance in […]
The Rajasthan GST Department in a recent development has issued a notification dated 8th February 2024 presenting the much expected Amnesty Scheme-2024. The same scheme has the objective of furnishing substantial advantages to dealers and individuals by offering rebates on taxes and facilitating the settlement of outstanding demands and disputed amounts under the Goods and […]
