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Search results for: GST impact

Major GST Points to Do Before the End of FY 2023-24

Needful Action to Do Regarding GST Before 31st Mar 2024

The past six years have seen more than 1,000 notifications, circulars, and instructions for assesses and adjudicating authorities, therefore opening up the GST law to interpretation by assesses and authorities identical. The same interpretation has furnished an increase to the rising case laws across different judiciaries and writ petitions being filed to various High Courts […]

9.73 Crores GST E-Way Bills in February 2024

GST E-Way Bill Generation Sets 2nd All-Time High Record in Feb 2024

In February the e-way bill generation has been increased to 9.73 crores. In 4 months it is the highest and indeed the all-time high generation for the second time. In March it is anticipated to secure a positive impact on GST collection. Since February is just 29 months, numbers for the month are also crucial. […]

GST Penalty Notice to Dr Reddy's Laboratories

Dr Reddy’s Laboratories Receives GST Penalty Notice Due to ITC Issue

In a regulatory filing, the Pharma company Dr Reddy’s Laboratories Ltd was reported saying that it has received a tax demand notice from the Additional Commissioner of Central Tax, Hyderabad GST Commissionerate with a total penalty (plus interest) of Rs 74.22 crore. The said demand was issued in response to the company’s recent incorrect availing […]

DGGI Issues GST Notice to Pricol

Pricol Receives GST Notice from DGGI of INR 380Cr with Interest & Fine

Directorate General of GST Intelligence, Gurugram Zonal Unit issues a show cause notice to Pricol demanding a tax of Rs 380 cr including interest and penalty.  Pricol is a leading manufacturer of instrument clusters. As per the exchange filing, the notice was obtained “as part of an industry-wide Goods and Services Tax (GST) investigation, concerning […]

WB GST AAR's Order for Dredging and Desiltation Company Private Limited

WB AAR: Service of Removing the Dredging Hump is Not Subjected to GST

In the case of In Re. Dredging and Desiltation Company (P.) (Ltd.) [Order No. 25/WBAAR/2023-24 on December 20, 2023] the West Bengal AAR, governed that, no tax is chargeable toward the supply of service of removal of hump by dredging to the Government as the supply of aforementioned service is waived from imposing the GST […]

GST AAR's Order for M/s. All India Institute Of Medical Sciences

Telangana GST AAR Denies Tax Exemption on Pure Services from Sellers By AIIMS

All India Institute of Medical Sciences (AIIMS) can claim GST Exemption on pure services obtained from Vendors, Telangana Authority of Advance Ruling (AAR) held. The bench of S.V. Kasi Visweswara Rao and Sahil Inamdar noted that the petitioner is not the Central Government but a “Governmental Authority” as it is made via the Government by […]

No Interest Liability If Balance in ECL for Delayed GSTR 3B Filing

Late GSTR 3B Filing: No Interest Liability If ECL Balance

Section 50 of The CGST Act was revised to furnish that there would be no interest obligation on late filing of GSTR-3B to the extent of the balance in The Electronic Credit Ledger, the Courts in the following and other cases ruled that interest was subjected to be paid even after there was balance in […]

GST AAR's Order for Spandana Rehabilitation Research and Training Centre Private Limited

AAR: Nursing and Psychology Training Services Don’t Come Under Healthcare, GST Can’t Be Exempted

Fees collected from nurses and psychologists for ‘imparting practical training’ are levied to GST, Karnataka Authority of Advance Ruling (AAR) held. The bench of M.P. Ravi Prasad and Kiran Reddy T. has marked that ‘healthcare services’ can be described as a service via diagnosis, treatment, or care for illness, injury, deformity, abnormality, or pregnancy. The […]

GST KAAR's Order for M/s Spandana Pharma

KAAR: GST Exemption on Supply of Food, Medicines, Drugs, etc. to In-Patients of a Hospital

Supply of medicines, drugs, and consumables including food to furnish health care services to in-patients being treated in a hospital will be deemed as a composite supply under the GST system. Consequently, no GST shall be levied on it, Karnataka’s Authority for Advance Ruling (KAAR) stated. Spandana Pharma a Bengaluru-based company, went before AAR to […]

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