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The Bombay High Court’s ruling has been kept by the Apex court, which restored the assessing officer’s 100% addition of Rs 20.06 crore as fake purchases u/s 69C, dismissing the Special Leave Petition. The court, post-hearing the counsel and analysing the record, does not discover any reason to interrupt with the findings of the High […]
The State Tax officer has issued a show cause notice in Form GST DRC-01 alleging a difference in outward supplies between GSTR-1 and GSTR-3B. The turnover of its sister concerns has been elaborated by the applicant, who has been incorrectly uploaded in GSTR-1 for December 2017, which has developed the discrepancy. For the ITC mismatches, […]
The Punjab and Haryana High Court has ruled that when someone is called in by the officials from the Directorate General of Goods and Services Tax Intelligence (DGGI), their statement must be taken during regular working hours and with their lawyer present. The Court also highlighted that the individual has the right to ask for […]
The Supreme Court, while responding to a reference, ruled that deductions under Sections 80-IA and 80-IB of the Income Tax Act are not required to be reduced from the gross total income before computing deductions under other provisions, such as Section 80-HH for export profits. The verdict was handed by a bench of Justices Abhay […]
The Delhi High Court has decided that anyone, whether they need to pay taxes or not, can face penalties for avoiding the Goods and Services Tax (GST) under section 122(1A) of the Central Goods and Services Tax Act from 2017. A division bench of Justices Rajneesh Kumar Gupta and Prathiba M. Singh varied from the […]
The CGST department of the Maharashtra government has issued a notice to the University of Mumbai (MU), demanding payment of ₹16.9 crore in GST dues dating back to 2017. Additionally, other public universities in the state have received similar notices requiring payment of GST on affiliation fees, applied retroactively. The recent development occurred as the […]
In India, the Goods and Service Tax (GST) was introduced for diverse assessment provisions. The tax collection and legislation process. The provisional attachment of bank accounts u/s 83 of the CGST Act 2017 is one of the most controversial parts of GST enforcement. The same blog tries to look into the statutory framework that regulates […]
For allegedly availing ineligible Input Tax Credit (ITC), Vedanta Ltd. has been slapped with Goods and Services Tax (GST) penalties totalling ₹141.36 crores. The Mumbai-listed company has received two GST notices demanding the tax amount, applicable interest, and penalties. GST Penalties To contest these orders Vedanta has announced the plans citing that it stayed hopeful […]
The Apex Court of India ruled that the employees of Maersk Line India cannot be held liable for Goods and Services Tax (GST) penalties under Section 122(1-A) and Section 137 of the Central Goods and Services Tax Act, 2017 (CGST Act). The Apex Court of India furnished a decision in a Special Leave Petition furnished […]
