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CBIC Chairman, Vivek Johri, for surging the base of goods and services tax (GST), the Central Board of Indirect Taxes and Customs (CBIC) shall utilize the information on electric meters and property tax. The GST tax base was between Rs 45 and 50 lacks when it was first introduced, but it is now Rs 1.4 […]
The unsigned show cause notice and assessment orders were revoked by the Delhi High Court (HC), presided over by Justices Vibhu Bharkru and Amit Mahajan. A total demand of Rs 49,26,623 has been made by the petitioner in this case, which challenges a judgement made by the adjudicating authority (assistant commissioner) under Section 73 of […]
Under Section 129 the GST department was legally allowed to charge a penalty, the Calcutta High court stated, including the SGST since the goods uncovered to be detained in the state’s territory. The bench of Justice Bibek Chaudhuri revealed the statutory authority can detain the vehicle and seize the goods as they are empowered under […]
In the delay of Goods and Services Tax (GST) compensation to some states the Union Finance minister, Nirmala Sitharaman has attributed to the unavailability of Accountant General (AG)’s authenticated certificates. As per the Finance minister, within the statute, AG’s certification is mandatory between the Centre, states, and the AG (accountant general), and it is an […]
A leading online insurance intermediary is being sued by the Goods and Services Tax (GST) authorities for allegedly creating fictitious invoices for marketing and sales services totalling about Rs. 100 crore. The Directorate General of GST Intelligence (DGGI) issued a criminal notice to the intermediary with offices in Bengaluru. The company’s senior management has since […]
The forthcoming GST Council is anticipated to lower the GST rate on millet-based health mix products in an effort to promote millet as a regular component of a healthy diet. According to a senior government source who spoke on the record under the condition of anonymity, the GST Council-nominated fitment committee was taking into account […]
The forthcoming 49th GST council meeting would get conducted in the last week of February concerning the temporary relief to the auto industry while it seems to postpone the hike in the rate of compensation cess proposal which is been subjected to be applicable for the MUVs similar to the SUVs that counts beneath the […]
The Gen GST Software now features a new facility to ease compliance and quickly communicate between Suppliers and Receivers each other regarding taxation work. What is Communication Between Taxpayers? It is a new feature of the Gen GST Software that enables communication and coordination between Suppliers and Receivers with respect to various tax-related matters. This […]
Regarding the CSR (Corporate Social Responsibility) expenses, there is zero anticipation among the companies to see any relaxation in the budget provision concerned with the no ITC (input tax credit). The 2023 finance bill aims to revise section 17 of the CGST Act by stating that input tax credit will not be accessible for goods […]
