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To discuss issues encountered by the business community under the Goods and Services Tax (GST) regime, Amit Kapoor, president of Punjab Pradesh Vyapar Mandal and vice-president of the Federation of All India Vyapar Mandal, met Union Minister of State for Finance Pankaj Chaudhary in New Delhi. Kapoor, in the meeting, furnished a detailed memorandum specifying […]
The Gujarat High Court has decided to look into a case involving Eris Lifesciences Ltd., a pharmaceutical company. The company is challenging a demand that requires them to give back tax credits related to returned and expired medicines. The notice has been issued by the bench of Justice Bhargav D. Karia and Justice Pranav Trivedi […]
The Orissa High Court has granted conditional relief to an assessee who submitted a delayed GST appeal. The court ordered the petitioner to pay 10 per cent of the disputed tax within a week to pursue the case. The applicant Chandrakanta Parida has submitted a plea after the regulatory limitation under section 107 of the […]
The Ministry of Finance must adopt a time-bound approach and proactively coordinate with state governments for full operationalisation of the Goods and Services Tax Appellate Tribunal (GSTAT) benches across the country, A Parliamentary Standing Committee suggested. The Standing Committee on Finance, chaired by BJP MP Bhartruhari Mahtab, in its latest Action Taken Report, raised concern […]
The Andhra Pradesh government, in support of the handloom sector and to assist the weavers of the state, has declared certain initiatives. A comprehensive review meeting at the State Secretariat has been chaired by Chief Minister N Chandrababu Naidu concerning the welfare of handloom workers and revitalising the sector. RP Sisodia, Special Chief Secretary of […]
In a recent case, the Supreme Court dismissed the Special Leave Petition(SLP) against the GST ( Goods and Services Tax ) order quashing the action of negative blocking on the Electronic Credit Ledger [‘ECL’]. A two-judge bench of Justice Abhay S. Oka and Justice Ujjal Bhuyan acknowledged SLP originated from the final judgment and order […]
An upgraded online portal known as Version 3 (V3) has been launched by the Ministry of Corporate Affairs (MCA). It facilitates companies in managing their compliance needs. The updated system features automation, better integration, and the ability to check data in real-time. Such rectifications draw challenges. ROC software is essential for this it supports in […]
Consolidated show cause notice u/s 74 of the CGST is allowable and required to find out the fake claim of the ITC for the period, Delhi High Court ruled. A division bench of Justices Prathiba M. Singh and Rajneesh Kumar Gupta said that, “The nature of ITC is such that fraudulent utilization and availment of […]
India’s indirect tax administration has identified significant goods and services tax (GST) evasion amounting to ₹7 trillion across 91,000 cases over the past five years, concluding in March 2025. This detection highlights ongoing challenges in tax compliance within the country. MOF Pankaj Chaudhary in Lok Sabha cited that the taxpayers have already deposited Rs 1.29 […]
