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The Bombay High Court has resolved the case of Sai Service Private Limited against the Union of India regarding the availability of Input Tax Credit on demo vehicles under the GST Act. The matter became moot following the issuance of GST circular number 231/25/2024 by the CBIC on September 10, 2024. The circular validated that businesses like […]
The company cited Star Health and Allied Insurance Co Ltd as having received 25 tax demand orders across its zonal offices in Maharashtra, Delhi, Tamil Nadu, Haryana, Telangana, and Karnataka. The orders issued via distinct Goods and services tax (GST) and Central Excise authorities, amount to a total demand of approximately Rs 49 crore, including […]
The Delhi High Court granted a stay on the charge of Goods and Services Tax (GST), including interest and penalties, on the Competition Commission of India (CCI) for consideration received by the Commission from diverse parties in dispute before it. A bench of Justices Yashwant Verma and Harish Vaidyanathan Shankar issued the stay in a […]
The state tax authorities have been asked by the Jharkhand High Court to follow due procedure while passing adjudication orders. The Division Bench of Chief Justice Ramachandra Rao and Justice Deepak Roshan remarked that “despite directions issued by the Court, it appears that State Tax authorities are continuing to conduct adjudication proceedings in utter disregard […]
In recent months, the Central Goods and Services Tax (CGST) officials have scrutinized more than 2 dozen textile manufacturing companies in the nation concerning misclassifying textile processing activities and subsequently paying lesser tax. As per the officials, the CGST department has noted that various textile manufacturers are recording activities that involve ‘changing the nature of […]
What is an Invoice Management System (IMS)? Businesses use the IMS system to monitor and manage their input purchases, inventory, and inward supplies efficiently. It ensures that the raw materials, consumables, and services purchased for production or business procedures are being tracked effectively. The Invoice Management System (IMS) in this case assists in ensuring the […]
The Gauhati High Court ruled that juice-based carbonated drinks should be taxed at 12% GST instead of the previously high 28% imposed by tax authorities. As a result, consumers may see a decrease in the cost of their preferred beverages. The decision arrives as a big win for X’SS Beverage, a manufacturer of carbonated juice […]
The Calcutta High Court, in a ruling, upheld the cancellation of a taxpayer’s GST registration after the taxpayer failed to respond to a Show Cause Notice (SCN) and was found to have no business presence at the registered address. The applicant, Md. Firoz had obtained GST registration for his business under the name “Domain Enterprises” […]
The Gujarat High Court ruled in favour of Patanjali Foods Ltd. (Patanjali), keeping the refund of unutilized Input Tax Credit (ITC) of Rs 1,70,07,091, which was initially granted but subsequently desired to be recovered by the revenue. The applicant, Patanjali Foods, is a foremost manufacturer and seller of edible oil who applied for an ITC […]
