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The government has gathered Rs 8.65 trillion in direct taxes as of September 16, after accounting for tax refunds. This amount surpasses more than half of its yearly goal, as reported by the Central Board of Direct Taxes (CBDT). The direct taxes collected up to this point, which also include the initial two instalments of […]
The Delhi High Court, in its decision to re-establish the appeal to the appellate authority, stated that the GST authorities failed to consider the supporting evidence for the input supplies related to the Input Tax Credit (ITC) being claimed. The petitioner, K S Commodities Pvt Ltd, is involved in exporting agricultural products. During the relevant […]
While invoking the doctrine of unjust enrichment, the Bombay High Court said to the department to refund the TDS amount deposited via taxpayer under protest. Technically, when the amount deposited via the petitioner is called ‘tax deductible at source’, what the petitioner paid was ‘an ad hoc amount, not technically a TDS amount’. Also, as […]
The Allahabad High Court, under Section 129 of the GST Act, has overruled a penalty imposed by the authority, on the basis that the absence of an E-way bill constitutes a minor technical error and does not give an adequate reason for tax evasion, especially when no other differences are noted. The petitioner, as per […]
Input Tax Credit (ITC) is eligible on GST paid for inward supply for fixing of plant and machinery to earth by foundational or structural support towards making the outward supply of goods, Rajasthan Bench of the Authority for Advance Ruling (AAR) witnessed. The petitioner, M/s Uvve Glass Private Limited, seeks for advance ruling on whether […]
On the grounds of the physical application for the refund under section 54 of the UP Goods and Service Tax Act, 2017 read with Rule 97-A of the UP GST Rules, 2017, the Allahabad High Court recently directed the GST Department to refund the amount. The Department must pay interest on the reimbursement that was […]
The Delhi High Court, in its recent ruling, directed the Goods and Service Authority to review the case where the GST refund was cancelled merely on the basis of a mismatch and without even taking the Reconciliation Statement into account. The petitioner, M/s. Shivbhola Filaments Pvt. Ltd., questioned the impugned order through which, the petitioner […]
One time amnesty scheme has been expected by the exporters in order to deal with the problems caused by a provision in the Goods and Services Tax (GST) rules that expects to safeguard government revenue from traders who demanded credit under Integrated GST (IGST) through what authorities have termed ‘irrelevant’ products. Sanjay Kumar Aggarwal, Chairman […]
In order to strengthen digital tax administration, the state taxation department will adopt the latest software and technological solutions so as to meet the problems of the environment where the businesses are functioning, says Punjab Finance and Taxation Minister Harpal Singh Cheema. Cheema, who presided over a review meeting with tax commissioner representatives visiting Telangana […]
