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The GST collection of April has crossed Rs 1.5 lakh cr, it is for the first time and the Rs 1 lakh cr mark for the tenth month in a row. Also, Rs 1.35 lakh crore per month is been expected to come in the same fiscal said by Central Board of Indirect Taxes and […]
The Delhi High Court bench of Justice Mukta Gupta rendered that the bail amount could be paid by cash ledger and debit ledger of GST Input Tax Credit (ITC). The council alleged that the applicant is one of the directors/key persons in M/s Brilliant Metals Pvt. Ltd., M/s Progressive Alloys India Pvt. Ltd. and M/s […]
The Central Board of Indirect Taxes and Customs (CBIC) asked for the essential GST scrutiny on the quarterly grounds to improve the compliance via effective scrutiny of returns. “CBIC to soon introduce mandatory quarterly scrutiny of GST returns. Scrutiny exercise is aimed at better compliance and enhancement of GST collections,” CBIC will practice the business […]
Delhi High court has rejected to cancel the summons with respect to the individual charged with making various bogus companies who are claiming for ITC in a bogus way. The court has seen that there must be a cause. Justice Rajnish Bhatnagar rejected to cancel the summon on the basis of the investigation which is […]
The public is said to take precautions while sharing the Aadhaar and PAN information without any valid reason or towards the financial gains specifying that the details can be misused by the bogus people for GST theft, said CBIC. Central Board of Indirect Taxes and Customs (CBIC) mentioned that the Aadhaar and PAN information would […]
The Gujarat high court recently with the justices J B Pardiwala and Nisha M Thakore had discarded the order of provisional attachment which said that the GST officials are not eligible to provisionally attach personal properties of the partnership partner’s firms with the final liability determination of the firms which had been wrongly accused of […]
As India has entered into the year 2022 after a disastrous year and a quarter because of a pandemic and the tax structure is the basic part of the regeneration plan. When it comes to GST ( Goods and Services) which has been already going ahead while establishing its position and has been asked time […]
The Rajasthan High court has rendered that the GST council should not impose the assessee for depositing the GST or take the measures with force without following the steps given under Section 74 of the CGST Act. The applicant is the owner of Dhariwal Products and wants to answer to the respondent GST department along […]
The second meet of the group of ministers GoM on the system reforms addressed via Maharashtra Deputy Chief Minister and Finance Minister Ajit Pawar would be decided to build 7 suggestions to the GST official. The same engaged the use of the biometric system to control GST theft, physical inspection of the office space of […]
