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A leading online insurance intermediary is being sued by the Goods and Services Tax (GST) authorities for allegedly creating fictitious invoices for marketing and sales services totalling about Rs. 100 crore. The Directorate General of GST Intelligence (DGGI) issued a criminal notice to the intermediary with offices in Bengaluru. The company’s senior management has since […]
For the Attachment or Detachment of the Bank account, Standard Operating Procedure (SOP) would have been issued by the Delhi Goods and Services Tax (GST) department. So as to recover the outstanding amounts, the banks are attached or detached from vendors or dealers. Dealers will receive the notices against the recovery under tax compliance with […]
The notice that has been issued via the GST portal would have been revoked by the division bench of Delhi High court, taking into account that the show cause notice (SCN) should specifically define the allegation of the pertained notice that is needed to be considered. Against the impugned show cause notice, the applicant, Surender […]
The Gujarat State Tax Department, the central body for the administration and collection of different taxes in the state of Gujarat, has produced the Model Goods and Services Tax (GST) Audit Manual 2022 for State tax officials and officers. The model GST Audit Manual is designed to be a complete resource that would aid Gujarat […]
The Center has been encouraged by the consulting and services industry to review the Goods and Services Tax (GST) collection regime. The service industry and consultants now pay their taxes as responsible professionals and businesses and are absolutely upset by the requirement to deposit GST on an accrual and due basis. According to K.K. Kapila, […]
The GST Portal has undergone several changes as a result of the Goods and Services Tax Network (GSTN). Input Tax Credit (ITC) auto-population in Form GSTR-3B has been modified. The new modifications now auto-populate ITC as the net of credit notes in table 4 of the GSTR-3B form rather than treating them as reversals as […]
The Delhi High court rendered the revenue heads to allow the budgetary support for the manufacturing units beneath the “Scheme of Budgetary Support under Goods and Services Tax (GST) Regime”, open for the qualified units situated in the mentioned states. The Court noted that the petitioner was qualified for a Central Excise Duty exemption before […]
Extracts from the GST-related amendments that were included in the Finance Bill for 2023 (Budget 2023-24), which Union Minister of Finance Mrs Nirmala Sitharaman submitted to the Loksabha on February 01, 2023. Except for those in clause 142, modifications proposed in the Finance Bill, 2023 will go into effect on the date they are announced, […]
The AAR and AAAR decisions on the applicability of the Goods and Services Tax (GST) on the issuing of vouchers were recently overturned by the Karnataka High Court. The Court determined that there was no GST owed on the vouchers that the assessee had issued in the form of prepaid payment instruments. The corporation in […]
