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The Madras High Court in a ruling held that the Advance tax unutilized under the Value Added Tax (VAT) or Tamil Nadu VAT (TNVAT) has been permitted to be transitioned under Section 140 of the Tamil Nadu Goods and Services Tax Act, 2017 (TNGST). A Single bench of Justice C. Saravanan, the language of Section […]
A petition contesting the levying of the GST on the transfer of development rights within joint development agreements between realty developers and landowners has been considered by the Supreme Court of India. The court in the case has furnished the notices before the Union government, GST Council, and Central Board of Indirect Taxes and Customs […]
The Gujarat bench of the Authority for Advance Ruling (AAR) held that the Goods and Service Tax Input Tax Credit (ITC) was restricted to the cost of employer for canteen facility, apart from the employees contributions. The petitioner, M/s Kohler India Corporation Pvt. Ltd. is manufacturing plumbing products for kitchens & bathrooms. Their manufacturing facility […]
The Punjab & Haryana High Court in relief for India Inc., has stayed a circular that is within the corporate guarantees furnished via holding companies for the advantage of their subsidiaries, to GST. The High Court in an interim order has stayed the Central Board of Indirect Taxes and Customs (CBIC) issued circular. As per […]
The Telangana GST department needs to issue policies for the note of caution issued by the Central Board of Indirect Taxes and Customs (CBIC) establishing the dos and don’ts but is yet to do so. The rules were issued to ease tax investigations, summons, and searches with a direct focus on streamlining business procedures and […]
There might have been chances when you came across instances of the Directorate General of GST Intelligence (DGGI), issuing notices and alleging tax evasion. You might have questioned yourself what this organization is all about. In what way does it operate? In what way does the same discover the instances of tax evasion? The operations […]
The Delhi High Court during witnessing the dispute for the principal place of business concerning canceling the registration mandated the applicant to file a detailed response to Show Cause Notice (SCN). The applicant, Deep Plastic Granules Trading Company filed the writ petition against the order of canceling the GST registration of the applicant for the […]
Audits of businesses under the indirect tax regime from this financial year are jointly conducted by Central and state goods and services tax (GST) officials, a relief for taxpayers since it will remove duplicate notices and dual investigations. According to industry assessments, there are approximately 11,000 such cases of dual investigation by both the central […]
The Madras High Court, Goods and Services Tax will not be charged on hostels as it comes under the purview of ‘Residential Dwelling For Use as Residence’ under Entry Nos.12 and 14 of the GST notification No. 12/2017-Central Tax (Rate) on June 28, 2017. The bench of Justice Krishnan Ramasamy said that renting out the […]
