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The writ petition has been rejected by the Orissa High Court contesting the jurisdiction ruling that the Deputy commissioner can block Input Tax Credit ( ITC ) under Rule 86A of Orissa GST ( Goods and Services Tax ) Rules, 2017. The applicant, Atulya Minerals, aimed to quash the letters issued by the Deputy Commissioner […]
The Ministry of Finance is anticipated to issue a circular for the much-expected GST Amnesty Scheme, which was suggested in the Budget 2024, sources said. The motive of the scheme is to furnish relief to the assesses by exempting the interest and penalties as per the specified conditions for the tax matters that emerged between […]
The Madras High Court held that the GST commissioner could designate the proper officers for the assessment under the TNGST ( Tamil Nadu Goods and Services Tax ) Act, 2017. The taxpayer Abhinaya Constructions contested the impugned GST orders because the commissioner of GST had no authority to charge the power to the third respondent […]
An updated advisory has been issued by the Goods and Services Tax Network ( GSTN ) on the new statement titled RCM Liability/ITC Statement on the Goods and Services Tax ( GST ) portal to assist the assesses in precisely reporting the Reverse Charge Mechanism ( RCM ) transactions. The same statement has the objective […]
The Directorate General of GST Intelligence (DGGI) has noticed tax evasion of Rs 1.2 trillion using fake input tax credits, since 2020 to date, with the focus being laid on recognizing and comprehending the masterminds and disrupting syndicates, operating in the country, the finance ministry cited. The Goods and Services Tax (GST) intelligence department has […]
Sources indicate that the Finance Ministry is poised to reassess the Goods and Services Tax (GST) rates applicable to digital news subscriptions. This decision comes in response to a suggestion from the Information and Broadcasting (I&B) Ministry to slash the GST rate on digital news subscriptions from the existing 18% to 5%. Key Points in […]
The Delhi High Court in a ruling limited the retrospective cancellation of the GST registration because of the absence of justification in the impugned order. In the same matter, the writ petitioner, Star Enterprises had enrolled his business with the GST authorities. The proper officer issued a show cause notice on 21.12.2021, and the writ […]
The Calcutta High Court condoned the 66-day delay in filing a small businessman’s Goods and Service Tax (GST) appeal as of proper knowledge of the GST portal. Further asked the appellate authority to hear out and dispose of the appeal, on merit, upon giving the petitioner an opportunity for a hearing. The applicant, Sukanta Pal V contested […]
It has been mentioned by the Tamil Nadu Authority for Advance Ruling (AAR) that health insurance services furnished via United India Insurance Company Limited to the Tamil Nadu State Government (TNSG) are waived from Goods and Services Tax (GST) under S.No.40 of Notification No.12/2017 Central Tax (Rate). It was quoted under the decision that reinsurance […]
