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The Delhi High Court quashed an order cancelling the Goods and Services Tax (GST) registration of a business noting that these cancellations could not come into force on only allegations without furnishing sufficient reasoning and proof to the aggrieved business. The decision was provided in a writ petition submitted via Rashid Proprietor of MS Enterprises […]
The Allahabad High Court in a ruling has held that the lack of GSTN in a supplier certificate is not a true foundation to refuse the input tax credit (ITC) and asked the tax authorities to reconsider the applicant’s claim. A business entity Bhagwan Das Agrahari, submitted a writ petition challenging the orders passed via the state […]
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 Madras High Court Single Bench of Justice K Kumaresh Babu in a decision mentioned that the act of availing a Goods and Services Tax (GST) registration and paying tax dues post inspection could not be cited as voluntary, keeping the levying of penalty on the GST taxpayer. The writ petition was furnished contesting the […]
A relief is been granted by the Madras High Court to a supplier of purpose-built automotive vehicles, realizing their right to take reassessment following their failure to participate in assessment proceedings due to not being learnt with the initiation of such proceedings performed via the Revenue Department. Petitioner Tvl.Jainsons Castors and Industrial Products (Jainsons) contested […]
In the fast-paced environment of GST compliance businesses are mandated a streamlined system for handling their outward supplies efficiently. An effective Inventory Management System (IMS) has been proposed by Gen GST software developed by SAG Infotech which eases the tracking of outward supplies, managing invoices, and ensuring seamless GST compliance. What is an Outward Supply […]
The Union Minister for Finance and Corporate Affairs, Smt Nirmala Sitharaman in the Parliament addresses the Union Budget 2025-26. Amendments to the GST laws have been proposed under the budget to ensure trade facilitation. These proposed changes are- Such amendment shall come into force from a notified date in coordination with states, under the suggestions […]
Under the Goods and Services Tax (GST) regime in India, the e-way bill is a significant compliance possess. It ensures the facilitated movement of goods and averts tax evasion. The blog provides a detailed overview of GST intra-state e-way bill prerequisites for tax professionals, including threshold limits, exemptions, notifications, and other relevant details. GST E-Way […]
The High Court of Kerala in a case ruled that Goods and Service Tax ( GST ) is not demandable in lack of any supply of goods/services. The court validating the findings in the impugned orders has declared that the respondent corporation shall not be qualified to collect the tax under the provisions of the […]
