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One time amnesty scheme has been expected by the exporters in order to deal with the problems caused by a provision in the Goods and Services Tax (GST) rules that expects to safeguard government revenue from traders who demanded credit under Integrated GST (IGST) through what authorities have termed ‘irrelevant’ products. Sanjay Kumar Aggarwal, Chairman […]
The Orissa High Court in a recent ruling clarified that a Goods and Services Tax (GST) appeal cannot be cancelled on non-supply of certified copies. The petitioner, M/s. Ashish Kumar Kar has submitted the writ petition and sought to cancel Form GST APL-02 released by the opposite party no. 2 on 17.05.2022 and the directive […]
The refund of the Integrated Goods and Service Tax (IGST) amount including a subjected interest to an applicant who mistakenly filed IGST on a higher rate compared to the concessional applicable rate, Gujarat High Court ruled. The applicant, Tagros Chemicals India Pvt. Ltd., had been registered under GST as its introduction, and the case related […]
Concerning the claims raised under the Goods and Services Tax (GST) Act, holding firms are involved in litigation. In these, those companies are included which extended corporate guarantees to their subordinate companies in India. According to government officials, it is estimated that the total demand over the past three months to be a few hundred […]
In order to strengthen digital tax administration, the state taxation department will adopt the latest software and technological solutions so as to meet the problems of the environment where the businesses are functioning, says Punjab Finance and Taxation Minister Harpal Singh Cheema. Cheema, who presided over a review meeting with tax commissioner representatives visiting Telangana […]
The Calcutta High Court in a landmark judgment stated that ITC under GST could not get refused over the mismatch in GSTR-2A and GSTR-3B without any investigation into the supplier. The decision offers significant relief to businesses that have received demand letters because a supplier failed to disclose or pay taxes. If the seller doesn’t […]
The Goods and Services Tax (GST) Council, the federal indirect tax agency, has been urged to address the challenges faced by small enterprises and combat GST fraud. Amit Mitra, the principal chief advisor to West Bengal Chief Minister Mamata Banerjee, has written a letter to Union Finance Minister and GST Council Chairperson Nirmala Sitharaman, expressing […]
Businesses are in dilemma responding to increasing GST notices from different state departments, as most companies handle taxation issues centrally. Especially service-based businesses face barriers to differentiation as per each state. These letters from various states request specific documents and representations as part of tax scrutiny. Furthermore, the frequency of such notices has dramatically increased […]
An online audit procedure under the GST shall be set up by the union government for facilitating the procedure as recommended via a parliamentary panel in its report on the anti-competitive practices by the big tech firms. The suggestion for the creation of an online audit tool has been approved by the ministry. The committee […]
