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With the Goods and Services Tax (GST) implementation on July 1, 2017, businesses in India have experienced a thrilling shift. The same amendment has substituted a complex system of various indirect taxes with a single tax structure (One Nation, One Tax), particularly impacting cost, compliance, and functional effectiveness. GST objectives were to improve the operation […]
As per the latest official data released dated January 1, 2025, Gross GST collections in December 2024 stood at Rs 1,76,857 crore, which is 7.3 per cent more as compared to the previous year. According to the data of government, the Central GST collection stood at Rs 32,836 crore, State GST at Rs 40,499 crore, […]
Trade associations and tax professionals have raised their desires with the approaching Union Budget 2025 which is towards the modifications to the Goods and Services Tax (GST) framework. In February Finance Minister Nirmala Sitharaman will present the budget and stakeholders are advocating for reforms that address challenges encountered by businesses. Key Recommendations for GST Reforms […]
In a case, the High Court of Kerala has viewed that failure to grant an opportunity for cross-examination upon charging penalty under the Central Goods & Services Tax Act, 2017 (CGST Act) breaches the principles of natural justice and set aside the said order. The applicant, Nishad K.U., is a registered taxpayer as per the Goods and […]
The Kerala High Court mentioned that orders furnished u/s 73 of the CGST/SGST Acts should carry the digital or manual signature of the officer passing the order to treat the order to be a valid order. The Bench of Justice Gopinath P. was regarding the problem of whether the issued orders under section 73 of […]
The 55th GST Council meeting held on 21st December 2024 in Jaisalmer, Rajasthan was chaired by Union Finance Minister Nirmala Sitharaman. The committee’s recommendation has been approved by the council suggesting the measures for distinct problems raised by the States concerning the problems related to the IGST settlement and seeking for the committee to conclude […]
For the case of a challenge against the refusal of the Input tax credit (ITC) u/s 16 (2)(c) of the Central Goods and Service Tax (CGST) Act, 2017, the High Court of Kerala permitted the benefit of circular and set aside the order to the extent it refuses ITC based on the provisions. The applicant […]
The High Court of Jharkhand in a ruling carried that the stagnant approach of filing plea u/s 107 of Central Goods and Service Tax (CGST), Act 2017 to the appellate forum post 1 year and 20 days delay shall not be considered and kept the GST registration cancellation. The applicant, M/s. Marang Buru Trust asked […]
It was quoted by the Kerala High Court that the medical condition mentioned by the taxpayer is not enough grounds to ease the condoning of a four-year delay in appeal filing. The Bench of Justice Gopinath P. noted that “the assessee has not made out any ground for grant of relief in the writ petition. […]
