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The Gujarat Real Estate Regulatory Authority (GujRERA) has introduced a fresh portal aligned with the RERA Act and GujRERA rules, ensuring precision in project reporting. This revamped platform is a reliable source for the Income Tax and GST departments, preventing developers from manipulating information to alter their tax obligations. Previously, developers exploited loopholes, submitting outdated […]
The High Court of Kerala in the case of M/S. HILTON GARDEN INN Vs. THE COMMISSIONER OF KERALA GST has ruled that GST interest could not be imposed on the non-filing of GSTR-3B because of GSTN Cancellation. The current writ petition seeks to overturn Exhibit P-14, which instructs the petitioner to immediately pay the interest […]
To prevent fraudsters from entering the system, the State Taxes & Excise Department has set a goal of achieving 100% approval of GST registrations through manual processes, following thorough verification of the documents submitted with the registration application. Additionally, the department is implementing appropriate measures to physically verify suspicious or dicey registrants. According to a […]
Finance Minister Nirmala Sitharaman said on Monday that the Goods and Services Tax (GST) system is progressing from unpredictability to assurance regarding certain matters. This statement aimed to alleviate concerns of global firms regarding “tax certainty,” particularly in light of recent tax demands and investigations conducted by revenue authorities. According to the Finance Minister, the […]
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 […]
GST reconciliation stands as a pivotal task for businesses across India, regardless of their scale. This critical process involves cross-checking GST data extracted from various sources like invoices, purchase orders, and bank statements to guarantee its precision and entirety. The intricacies of this task often make it time-consuming, particularly for enterprises dealing with high transaction […]
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 […]
Zomato and Swiggy, the top two food delivery platforms in the country, are reportedly being investigated by tax authorities. According to the report, notices totaling ₹750 crore have been sent to them. Zomato, which holds the largest market share in India’s online food delivery industry, has allegedly received a Goods and Services Tax (GST) notice […]
The impugned show cause notice (SCN) has been set aside by the Bombay High Court which was been issued via the GST officials for the GST registration cancellation. The unclear reasons are been criticized by the court provided in the show cause and the lack of clarity in the orders. The requirement for responsible and […]
