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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 Services 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 […]
In this post, we have discussed the recent GST changes effective from the 1st of October 2023. Sections 137 to 162 of the Finance Act, 2023 (the FA,2023) (except Sections 149 to 154) wef October 01, 2023 vide Notification no. 28/2023-Central Tax dated July 31, 2023. From August 01, 2023 Sections 149 to 154 of […]
Star Health and Allied Insurance company has disclosed in its filing with the Bombay Stock Exchange (BSE) that it has received a notice from the Directorate General of GST Intelligence (DGGI) for a tax payment of ₹38.99 crore. The notice was issued under Section 74(5) of the Central Goods and Services Tax Act, 2017, alleging […]
