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In its most recent revision, the Goods and Services Tax Network (GSTN) has unveiled a redesigned Notices and Orders Tab on the GST Portal. This overhaul is geared towards optimizing the accessibility of vital information for taxpayers. The objective of this redesign is to elevate user experience through the implementation of a more intuitive and […]
The legal dispute between Radhey Trading Company and the Principal Commissioner of Goods and Service Tax has emerged as a significant matter before the Delhi High Court, specifically dealing with the retrospective cancellation of GST registration. In its verdict, the court underscored the crucial need for comprehensive details in both the show cause notice and […]
Emphasizing the significance of adhering to due process and complying with statutory obligations, the Jharkhand High Court made a noteworthy decision by nullifying criminal proceedings related to the failure to comply with summons issued under Section 70 of the Central Goods and Services Act, 2017 (CGST Act). It is important to highlight that Section 70 […]
The Karnataka High Court has ruled that denying tax exemption to the government’s helicopter pilot trainer solely for the initial non-submission of Goods and Services Tax Identification Numbers (GSTIN) is unwarranted. Justice B. M. Shyam Prasad, presiding over the case, highlighted that although the GSTIN for the recipient organization was not initially provided, it can […]
Amid ongoing concerns about tax notices and the strain on High Courts due to litigation, experts in the industry emphasize the necessity of establishing Goods and Services Tax (GST) Appellate Tribunals. The imminent presentation of the sixth Union Budget by Finance Minister Nirmala Sitharaman, under the Modi government on February 1, 2024, arrives amidst the […]
The Competition Commission of India received a welcome relief as GST authorities dropped a demand for ₹7.08 crore in service tax. The ruling clarified that the regulator isn’t required to register for service tax, negating any liability for the tax. The breakdown of the ₹7.08 crore demand includes ₹6.78 crore for service tax, along with […]
A demand notice of Rs 1.45 lakh cr has been issued to nearly 1500 businesses in December by the Goods and Services tax authorities. Because of the inconsistencies in annual returns and input tax credit claims for the financial year 2018, the notices were issued as per the officials. Due to the last date for […]
CEAT Ltd disclosed that it received GST demand and penalties exceeding INR 19 crore from tax authorities in Maharashtra and Vadodara. The Additional Commissioner in Vadodara imposed an interest charge of INR 3.27 crore and a penalty of INR 13.68 crore due to a delay in reflecting input tax credit caused by technical issues in […]
In the past decade, there’s been a remarkable surge in the country’s startup scene. Despite the setbacks caused by the COVID-19 outbreak and the 2020 lockdown, 2021 marked a revival in growth. Presently, India’s startup landscape initially centred around software, has diversified across industries and locations. This transformation is credited to government initiatives, a skilled […]
