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According to reports, GST Intelligence teams have conducted searches at the offices of foreign carriers in India due to alleged tax evasion related to the import of services from their head offices by their Indian branch offices. The Directorate General of GST Intelligence (DGGI) officials reportedly carried out the search operations at many airline offices […]
The Tax Department is prepared to conduct an investigation of more business premises regarding the payment of goods and services tax (GST). The search operation has already issued many show-cause notices to India Inc. and should be prepared to deal with more such notices. As per the sources, more such GST notices have already been […]
In a recent ruling, the Madras High Court has determined that the Aluminum Foil Container is subject to a 12% Goods and Services Tax (GST). The petitioner, M/s. Veeram Natural Products is a partnership firm involved in the production and distribution of Aluminum Foil Containers and Aluminum Foil in Roll Form, as well as Plastic […]
The Goods and Service Tax (GST) Act was inaugurated at midnight on July 1, 2017. This legislation’s primary objective is to provide a framework for imposing and collecting taxes on the intra-state supply of goods or services, or both, by the central government and related matters. Under the GST Act of 2017, 13 distinct types […]
Dabur India joined the growing list of companies that have received tax notices, as the Goods and Services Tax (GST) authorities issued a demand of over Rs 320 crore. Dabur India, a consumer goods company, has stated its intent to challenge this demand with the relevant authorities. In recent months, a variety of businesses spanning […]
The Allahabad High Court has determined that the premium paid for land allocated for hospitals under leases extending for 30 years or more is considered an “amount paid upfront” and is therefore exempt from Goods and Service Tax. In a ruling that nullified the demand letter sent by the Yamuna Expressway Industrial Development Authority to […]
According to a report, foreign companies such as Facebook, Google, etc have received notices from the Goods and Services Tax (GST) authorities to ensure compliance with new GST regulations. These notifications have been sent to approximately 70 digital companies, including advertising firms, Edtech companies, and online firms, to align with the requirements of an 18 […]
In a recent legal case, the Kerala High Court ruled in favour of the petitioner, Goparaj Gopalakrishnan Pillai, by stating that the excess Input Tax Credit (ITC) claimed in Form GST-3B, which was not reflected in GSTR-2A, should not be a reason for denying the right to claim Input Tax Credit (ITC). Mr Pillai, a […]
Alternative revenue models are under consideration by the Ministry of Railways and its undertaking, the Dedicated Freight Corridor Corporation of India (DFCC), due to concerns over the current system that imposes an 18 percent goods and services tax (GST) on the corporation, according to multiple sources. A report has been prepared by the DFCC consultants […]
