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The Gujarat Authority for Advance Ruling (AAR) ruling said that imported goods sold under a High Seas Sale ( HSS ) agreement and later used in a project initiated through an Engineering, Procurement, and Construction (EPC) contract will draw Goods and Services Tax ( GST ), even if Integrated Goods and Services Tax ( IGST […]
An important clarification has been issued by the Central Board of Indirect Taxes and Customs (CBIC) on the Goods and Services Tax (GST) rates and classification for several products, including pepper, raisins, ready-to-eat popcorn, autoclaved aerated concrete (AAC) blocks, and amendments associated to vehicle ground clearance. Based on the 55th meeting of the GST Council […]
The Delhi High Court quashed an order cancelling the Goods and Services Tax (GST) registration of a business noting that these cancellations could not come into force on only allegations without furnishing sufficient reasoning and proof to the aggrieved business. The decision was provided in a writ petition submitted via Rashid Proprietor of MS Enterprises […]
Advisory for biometric-based Aadhaar authentication and document verification for GST registration applicants of Maharashtra and Lakshadweep has been issued by the Goods and Services Tax Network (GSTN). The taxpayers are been reported by the department for the developments related to the application process for GST registration. The below-mentioned points must be learned when registering. Rule […]
The High Court of Orissa, in a case, restored the pending proceedings demanded of the Goods and Service Tax (GST) on suppression and wilful misstatement. Mr. Harichandan, advocate appears on behalf of Iliyas Granites, the applicant, and submitted under challenge is, inter alia, an order dated 1 November 2024 passed u/s 74 of the Central […]
The Ministry of Finance, via the Central Board of Indirect Taxes and Customs ( CBIC ), has issued Central Tax notification No. 09/2025 (G.S.R. 129(E)) on February 11, 2025, under the authority granted by Section 164 of the Central Goods and Services Tax ( CGST ) Act, 2017. This notification mentions the enforcement dates for […]
For allegedly availing ineligible Input Tax Credit (ITC), Vedanta Ltd. has been slapped with Goods and Services Tax (GST) penalties totalling ₹141.36 crores. The Mumbai-listed company has received two GST notices demanding the tax amount, applicable interest, and penalties. GST Penalties To contest these orders Vedanta has announced the plans citing that it stayed hopeful […]
Minister of State for Finance Pankaj Chaudhary informed the Lok Sabha that Central GST officers detected tax evasion of over ₹1.88 lakh crore between April and December 2024. The evasion was comprised of matters of the bogus Input tax credit that was discovered across 72,393 cases in the period. The authorities incurred 132 arrests and […]
A ₹1,473.48 crore Goods and Services Tax (GST) demand has been imposed on UCO Bank, along with an equal amount in penalties and related interest, by the Additional Commissioner of CGST, Mumbai South Commissionerate. The order, dated February 6, 2025, was disclosed in the bank’s latest regulatory filing. The tax demand as per the filing […]
