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The Andhra Pradesh High Court said that the National Company Law Tribunal (NCLT) order prevails over Goods and Services Tax (GST) demand, even if the state government is not informed concerning the pending NCLT proceedings. The Division Bench of Justices R. Raghunandan Rao and Harinath N. marked that “the contention of the department that the […]
In a decision by the GST council, the universities, and research centres established under the Central & State government Act or those claiming the income tax exemption would waived from filing GST on research funds. In the last meeting of the council the same ruling has been made that assures that these institutions would not […]
As per the discussion about the rate rationalization by the GST council, FM Nirmala Sitharaman mentioned that the states were cautious about moving ahead with rate cuts. “I am not blaming them…they want revenue without burdening the people…when they sit there, they know their job is not to please anyone but protect revenue,” she said. […]
Post-closing the pre-show cause notice for Infosys pertinent to FY 2017-18, the investigation officials will analyze whether full ITC was claimed towards the expenses made via the overseas branch offices from FY19 to FY22. A procedure to solve the issuance of the notices to Infosys along with the foreign airlines and shipping council is anticipated […]
Despite a circular issued by the CBIC concerning the scope of ‘intermediary services’ under the Service Tax and GST Regime, the Union of India continues to contest decisions favouring the taxpayer before the Supreme Court. In one of the first appeals on the intermediary issue, the Chandigarh Bench of the Tribunal, in a final order […]
The applicant bank cannot file its return in its GST portal as a technical issue and cannot be loaded, with demand, penalty, and interest, the Telangana High Court ruled. The bench of Justice Sujoy Paul and Justice Namavarapu Rajeshwar Rao noted that it was the responsibility of the department to maintain its portal function. If […]
In drawing down the cost of logistics in the country the GST has played an effective role. The ‘One Nation, One Tax‘ regime has assured that trucks did not need to wait for hours on the state borders which has drawn down the travel time by up to 30%. It has diminished the cost of […]
On May 20, 2024, in the case of Excellentvision Technical Academy Pvt. Ltd. v. State of U.P. [Writ Tax No. 554 of 2023, the Allahabad High Court highlights the need for the Revenue Department to record reasons in INS-01 before initiating search proceedings under Section 67 of the Central Goods and Services Tax (CGST) Act, […]
Goods and Services Tax (GST) has been praised by the Finance Ministry which marked 7 years of its incorporation and mentioned that the same has drawn relief to the households via diminishing the taxes on significant items such as household appliances and mobile phones. Established on July 1, 2017, GST replaced around 17 local taxes […]
