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Biometric Aadhaar authentication is set to be introduced at 46 GST service centres across Madhya Pradesh to address issues of fraudulent GST registrations at the initial stages. The objective of this initiative is to improve the registration process by identifying and stopping activities of fake taxpayers, to cease the revenue leakage for the government. These […]
The demand and penalty order passed u/s 129 of the Central Goods and Services Tax Act 2017 against a trader whose GST registration came to be suspended after it found that the goods in transit were accompanied by proper tax invoice and the e-way bill had been set aside by the Allahabad High Court. A […]
It was discovered by the GST officers that nearly 18,000 bogus companies have been evading taxes of around Rs 25,000 crore. By claiming the tax benefits without performing the real business these companies were being made merely to cheat the Goods and Services Tax (GST) system. This investigation which ran from August 16 to the […]
An unexpected issue emerged, in which it was stressed that technicalities made via the Department and not the assessee must not be put forth by the department to defeat the legal rights and entitlements of the assessees. It was carried out by the Bombay High Court that the related Revenue officials (respondent) could not refuse […]
The Central Board of Indirect Taxes and Customs (CBIC), in an update to the penal provisions for the inspection and search operations under the Goods and Services Tax (GST) regime, via Notification No. 20/2024 – Central Tax dated October 08, 2024, has made a vital substitution in form GST INS-01. The same revisions align with […]
To facilitate GST compliance the Central Board of Indirect Taxes and Customs (CBIC) has issued Notification No. 22/2024-Central Tax dated October 8, 2024, to report the process of executing the newly inserted sub-sections (5) and (6) in Section 16 of the CGST Act, 2017. The very notification furnishes a process to rectify the orders pertinent […]
The Madhya Pradesh High Court carried that Goods and Services Tax (GST) authorities cannot invoke penal provisions of the Indian Penal Code (IPC) when the alleged offence comes within the GST Act [Deepak Singhal v. Union of India and Others]. A Bench of Justices SA Dharmadhikari and DV Ramana quashed criminal proceedings initiated against a […]
The 54th GST Council meeting, chaired by Union Finance Minister Nirmala Sitharaman and attended by state finance ministers and tax officials, concluded with several key recommendations. Additionally, the GST rate on small digital transactions (PAs) is to be discussed at the next meeting. Additionally, the current 18 per cent GST rate on life and health […]
Over 20,000 notices have been issued by the investigation arm of the GST authority all across India for the AY 2017-18 to AY2021-22, which comprises of tax demand of over Rs 80,000 crore, under the estimation. For distinct issues, the Directorate General of GST Intelligence has furnished the notices along with the alleged shortfalls in […]
