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The High Court of Madhya Pradesh recently invalidated a show cause notice and demand order given against Raymond Limited, stating that Section 73 of the CGST Act allows the notice a minimum of 30 days to provide a “reasonable opportunity” to respond. Although Section 73 does not specify a time frame for the response, it […]
Pharmaceutical corporations in India have appealed for a reduction in the Goods and Services Tax (GST) on essential medications to ensure that they are affordable for the general population. Anil Matai, the Director General of the Organisation of Pharmaceutical Producers of India (OPPI), conveyed the industry’s desired outcomes for the upcoming Union Budget 2024. He […]
The Madras High Court ruled that the two-year limitation for filing the GST refund application is a directory and not obligatory. The Justice Krishnan Ramasamy bench noted that Section 54(1) of the CGST Act allows applicants to submit their applications within two years from the relevant date, suggesting it as an option rather than a […]
The Allahabad High Court has ordered the adjudication of the show cause notice (SCN) on stay which was issued for the fiscal year 2017-18 under the exempted time period. The case is M/S Graziano Trasmissioni Vs. Goods And Services Tax And 5 Others. The lawyer representing the petitioner argues that the reason for extending the […]
A senior official recently disclosed plans within the Goods and Services Tax (GST) authorities to potentially introduce a faceless scrutiny assessment for tax returns. This new approach, unlike conventional methods, removes the need for physical interaction between tax officers and assesses, as well as the submission of physical documents. While faceless assessment has proven successful […]
The Delhi High Court has ruled that the cancellation of Goods and Service Tax (GST) registration granted to Balajee Plastomers Private Limited is not valid ab initio, starting from the date it was initially ordered, due to the non-filing of returns for six months. The petitioner had challenged the impugned order that cancelled their GST […]
The Goods and Services Tax (GST) implementation rate structure, which was slightly below the measured revenue neutral rate (RNR), has raised concerns among public finance commentators, including the Reserve Bank of India and the 15th Finance Commission on the grounds of measurement and decreasing to below that level. Over the years, there have been several […]
According to sources familiar with the matter, the government plans to introduce two significant bills during the approaching winter session of Parliament. These bills aim to establish goods and services tax (GST) appeals tribunals and seek approval for adjustments in the government’s spending plans. One of the bills will propose amendments to the central GST […]
The Kerala High Court has instructed the Assessing Authority to review the petitioner’s arguments based on Circular No.183/15/2022-GST dated 27.12.2022 from the Government of India, Department of Revenue. This directive was prompted by the petitioner’s denial of legitimate Input Tax Credit (ITC), which was solely due to variations in ITC figures between the GST returns […]
