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The company in its regulatory filings has determined that it has obtained the SCN for the fiscal year spanning April 2019 to March 2020, specifying the difference in tax return reconciliations. The Rajasthan GST department has specified the discrepancy amounting to Rs 3.1 lakh. The company is building to address the show cause notice appropriately. […]
The Goods and Services Tax ( GST ) assessment order is been quashed by the Single Bench of the Madras High Court where the applicant was disallowed from claiming the Input Tax Credit for incorrectly mentioning the Goods and Services Tax Identification Number ( GSTIN ) unintentionally. The applicant contested the GST assessment order through […]
The past six years have seen more than 1,000 notifications, circulars, and instructions for assesses and adjudicating authorities, therefore opening up the GST law to interpretation by assesses and authorities identical. The same interpretation has furnished an increase to the rising case laws across different judiciaries and writ petitions being filed to various High Courts […]
The mother of a three-year-old boy suffering from Spinal Muscular Atrophy (SMA) is been permitted by the Kerala High Court to buy Risdiplam, an imported drug for treatment of the rare disease, without paying a 12% GST. When a writ petition filed by Amrita S. from Alappuzha came up for hearing Justice Gopinath P. passed […]
A penalty notice for the GST has been sent to Zomato the popular online food delivery app via the Deputy Commissioner of State Tax in Gujarat. Under the disclosure made to the stock exchanges, Zomato has obtained a demand order because of the overuse of the Input tax credit (ITC) and underpayment of GST. An […]
In February the e-way bill generation has been increased to 9.73 crores. In 4 months it is the highest and indeed the all-time high generation for the second time. In March it is anticipated to secure a positive impact on GST collection. Since February is just 29 months, numbers for the month are also crucial. […]
Mopidevi Venkata Ramana Rao, former Minister of Andhra Pradesh and current Member of Parliament, addresses a critical problem troubling businesses in India. In a letter to Hon’ble Finance Minister Nirmala Sitaraman, he advocates for the resolution of challenges surrounding Section 16(4) of the Goods and Services Tax Act, 2017. The Andhra Pradesh Tax Practitioners and […]
A network of 232 fake money-changing companies has been excavated by the Income Tax Department and detected tax evasion amounting to ₹1,000 crore via fraudulently generated Input Tax Credits under the Goods and Services Tax (GST) regime. Furnishing the information of the bogus process, the Chairman of the Central Board of Indirect Taxes and Customs […]
The Hon’ble Telangana High Court in the case of Rays Power Infra Pvt. Ltd. v. Superintendent of Central Tax [Writ Petition 298 of 2024 on February 28, 2024], ruled that if the assessee clears all the tax obligations including ah interest at any day, before the issuance of show cause notice, they shall not be […]
