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In a ruling, on the importance of procedural fairness in tax assessments, the Madras High Court has set aside an assessment order against Shree Shyama Traders, arising from an issue towards Input Tax Credit (ITC) reversals and a consequential bank attachment order. The same decision, dated back to the proceedings begun in 2023, emphasizes the […]
The Bombay High Court discussed a petition for the rectification of Form GSTR-1 for the fiscal year 2017-2018. The applicant, NRB Bearings Ltd., sought revisions to correct clerical errors and enable the claiming of the input tax credit (ITC) amounting to Rs. 64,36,188. Detailed Analysis in the Case of NRB Bearings Ltd NRB Bearings Ltd. […]
The Delhi High Court ruled that GST registration could not get cancelled just because an assessee does not file returns for a certain duration. The Petitioner stopped the business on the father’s demise. The retrospective cancellation of the registration consequence in the rejection of the ITC for a particular duration. Raghav Arora, the applicant contested […]
The Indian Auto LPG Coalition (IAC) has asked the Central government to diminish the Goods and Services Tax (GST) on Auto LPG from 18% to 5%, supporting equality with recent tax adjustments in the natural gas sector. This request pursues the decision of Andhra Pradesh to cut the Value Added Tax (VAT) on Natural Gas […]
In Bihar, the state government incorporated a ‘one-time settlement‘ initiative for the advantage of traders with tax obligations back to the time when the GST was about to launch. The Bihar Tax Disputes Settlement Bill, 2024 was tabled in the state assembly through Deputy Chief Minister Samrat Chaudhary, who also carries the finance portfolio. In […]
The two parallel proceedings towards the same period are not permissible under the CGST/SGST Act, Gauhati High Court ruled. Section 6 of the CGST/SGST Act, specifically Section 6(2), suggests that once a proceeding is started in either of the two Acts, another proceeding for the same period under the other Act cannot be initiated, the […]
In the case of Global Calcium (P.) Ltd. v. Assistant Commissioner (ST) [Writ Petition No. 170 of 2024 dated February 01, 2024], the Hon’ble Madras High Court ruled that the Assessing Officer should acknowledge the pertinent elements before passing any order. Thus, the case was remanded back to the Assessing Officer. Facts About Global Calcium […]
An advisory on getting late GST registration reported by some taxpayers even after successful Aadhar Authentication as per Rules 8 and 9 of the CGST, Rules, 2017, has been issued by the Goods and Service Tax Network (GSTN). Taxpayers complained that even after successful Aadhar Authentication their GST Number is not furnished to them. Now […]
In its recent development, the Delhi High Court ruled in favour of Tek Xplore, represented by its proprietor Ms Renuka Maini, in a case against a GST demand notice issued by the Union of India & Others. The court’s decision highlights the significance of procedural justice and the right to a detailed clarification in matters […]
