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Union Road Transport Minister Nitin Gadkari has called for a reduction in the GST on crude ethanol from the current 18% to 5%, in a bid to support the production and adoption of flex-fuel vehicles, as the Centre and states prepare for major amendments to India’s Goods and Services Tax (GST) framework. A concessional GST […]
The Gujarat High Court favoured a ruling in the case of Ajay Industries, a partnership firm engaged in the manufacturing and sales of cottonseed oil, in a matter of the refund of unutilized Input Tax Credit (ITC) under the Goods and Services Tax (GST) regime. The case is concerned with the firm’s claim of a […]
The declaration of HSN (Harmonised System of Nomenclature) codes in invoices under the Goods and Services Tax (GST) regime in India is a significant compliance need that differs as per the type of sale, B2B (Business to Business) or B2C (Business to Consumer) and the taxpayer’s annual turnover. The HSN codes support in categorising the […]
Before the 56th meeting of the Goods and Services Tax Council, the Industry body CII aimed early conclusion of the rate rationalisation process in a meeting with Finance Minister Nirmala Sitharaman. In the additional GST reforms, the industry body recommended considering all petroleum products under GST, relaxations in the ITC to facilitate the working capital […]
In a development concerning GST compliance and judicial remedies, a writ petition filed by M/s Nikitha Traders, challenging a demand and penalty order issued by the Central Goods and Services Tax (CGST) authorities, has been dismissed by the Madurai Bench of the Madras High Court. The court recommended appellant pursue the available statutory appellate route, […]
The Delhi High Court has ruled that claiming Input Tax Credit (ITC) under the Goods and Services Tax (GST) system in a dishonest way, especially when there hasn’t been any real supply of goods or services, goes against the very purpose of the ITC program. This practice not only undermines the system but also compromises […]
In the absence of a valid show cause notice and the denial of an opportunity to be heard, the Bombay High Court has quashed the Goods and Services Tax (GST) refund recovery. Under the GST regime, Power Engineering (India) Pvt. Ltd. is a registered EOU and is in the business of production and export of […]
The Delhi High Court has expressed concerns about the misuse of Section 16 of the CGST Act, 2017. Many traders have been taking advantage of this provision to wrongfully claim input tax credits, which is not permitted. This situation has raised alarms regarding fairness and legality in tax practices. Through the provisions, the businesses are […]
The Orissa High Court reminded tax authorities not to harass practising lawyers with notices regarding GST and service tax levies. Consequently, Chief Justice Harish Tandon and Justice B.P. Routray set aside the notices issued to a Bhubaneswar-based lawyer, which demanded service tax of ₹2,14,600 along with a penalty of ₹2,34,600 and applicable interest. It noted […]
