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In the GST recovery rate matters related to the ITC fraud have increased in FY24 with the Directorate General of GST Intelligence (DGGI) recovering exceeding 12% of the dues against 2% to 3% in the previous years, government sources familiar with the development. A GST Compliance Expert Said that the Commoners are Getting Trapped by […]
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 judgment in Golden Mandir Retail Pvt. Ltd. Vs Asst. Commissioner (ST) (FAC) by the Madras High Court related to an assessment order on 29.12.2023, focusing on Discrepancy Nos.1, 2, 10, and 11. The applicant is engaged in textiles and Hyundai Motor Vehicles business and challenged the levying of taxes, penalties, and interest established on […]
The case of Virat Agencies Vs State of U.P. before the Allahabad High Court is concerned with challenges to an order passed u/s 73(9) of the Uttar Pradesh Goods and Service Tax Act, 2017. The applicant, represented by Shri Aloke Kumar, challenges the order for the Tax Period July 2017 to March 2018. Detailed Analysis […]
A circular concerning the Goods and Services Tax ( GST ) new registration is issued by the Department of Trade and Taxes. The CRC branch has chosen to furnish the clarifications of the questions pertinent to the GST new registration twice a week and at specific times raised by the public, CAs, advocates, etc. The […]
The Andhra Pradesh Authority for Advance Ruling (AAR) held that Goods and Services Tax is leviable at 18% ( 9% Central Goods and Services Tax + 9% State Goods and Services Tax ) on brokerage charges by brokers, even when the produce is agricultural or exempt. The petitioner, M/s Gayatri Enterprises is a Commissioning Agent/Broker […]
On Thursday (April 4, 2024) Hero MotoCorp received a GST notice worth Rs 605 crore for the assessment years 2013-14 to 2017-18 and 2019-20. It shall be filing appeals against the orders with appellate authorities, the automaker stated. HeroMotoCorp filed for the development minutes post-closing of the stock market on Thursday, where the automaker’s stock […]
The Goods and Services Tax ( GST ) Assessment order is quashed by the Madras High Court asking for the tax liability stating the discrepancy indicated in GSTR-3B and GSTR 2A/2B with a condition directing the applicant to remit 10% of disputed tax liability. The GST assessment order is contested by the Petitioner Subh Sri […]
The matter for re-adjudication is remanded by the Kerala High Court as the attachment of the bank account under Goods and Service Tax ( GST ) proceedings without regarding the taxpayer’s opinion. The applicant has approached the Court with the recovery notice demanding arrears of tax. A M Sainudheen, the applicant is a taxpayer under […]
