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The Kerala High Court in a ruling addressed the legal dispute between Carpenters Classics India Pvt. Ltd. and the Assistant State Tax Officer, concentrating on the complexity of GST compliance and the procedural necessities for the transportation of goods across state lines. This case specifies the enforcement of GST regulations, the business’s responsibilities in generating […]
Section 50 of The CGST Act was revised to furnish that there would be no interest obligation on late filing of GSTR-3B to the extent of the balance in The Electronic Credit Ledger, the Courts in the following and other cases ruled that interest was subjected to be paid even after there was balance in […]
The Rajasthan GST Department in a recent development has issued a notification dated 8th February 2024 presenting the much expected Amnesty Scheme-2024. The same scheme has the objective of furnishing substantial advantages to dealers and individuals by offering rebates on taxes and facilitating the settlement of outstanding demands and disputed amounts under the Goods and […]
Goods and Services Tax (GST) is a consumption tax charged on the footwear sale. The tax applies to each phase of the supply chain from manufacturing to retail. The major goal for applying the GST rate on footwear is to ease the process of taxation, remove the cascading taxes, and build a clear and consistent […]
The Kerala High Court remanded the case for re-adjudication on the case of the Submission of GSTR -1 established on the Central Board of Direct Taxes ( CBDT ) Circular. Mr. Abraham K. J., Counsel for the petitioner and Ms. Reshmita Ramachandran, Government Pleader. The applicant M/S Kochi Medicals, is a registered dealer under the […]
Revenue Secretary Sanjay Malhotra in a press conference said that the government’s objective is to remove the flexibility furnished to the buyers and sellers in amending their output obligation. The same action consists of locking the invoices and eliminating the edit option in the forthcoming fiscal year, a proposal that shall be reflected in the […]
Only technical errors under tax laws without any financial implications must not be the foundations for the imposition of penalties, the Allahabad HC stated. When dealing with the case of goods not accompanying the e-way bill, Justice Shekhar B. Saraf stated. “Mere technical errors, without having any potential financial implications, should not be the grounds […]
Till after the 2024 general elections’ major announcements may be held. The forthcoming interim union budget shows the chance to address the lingering subjects and set the phase for the coming economic growth. This budget seems to prioritize fiscal discipline and prevent populist measures. In the domain of the personal income tax, there is optimism […]
In the case involving M/s. Eicher Motors Limited versus the Superintendent of GST and Central Excise, the Madras High Court has ruled that no interest should be imposed if the Goods and Services Tax (GST) is deposited within the stipulated due date, even if the GSTR-3B filing is delayed. The petitioner, a well-known manufacturer specializing […]
