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There might have been chances when you came across instances of the Directorate General of GST Intelligence (DGGI), issuing notices and alleging tax evasion. You might have questioned yourself what this organization is all about. In what way does it operate? In what way does the same discover the instances of tax evasion? The operations […]
Various large companies that obtained the GST demand notices intend to file a petition with the appellate authority. A rise in the number of GST notices has been sent before distinct companies, particularly on account of the alleged differences in the ITC. ICICI Lombard General Insurance Company Limited, received an order from the Additional Commissioner, […]
The Jharkhand High Court in its ruling has allowed the filing of an application for revocation of cancelled GST registration, despite the expiration of the limitation period. The decision derived from a petition furnished via a proprietor aggrieved by the dismissal of their petition u/s 107 of the Central Goods and Services Tax Act, 2017 […]
Audits of businesses under the indirect tax regime from this financial year are jointly conducted by Central and state goods and services tax (GST) officials, a relief for taxpayers since it will remove duplicate notices and dual investigations. According to industry assessments, there are approximately 11,000 such cases of dual investigation by both the central […]
The Andhra Pradesh Authority for Advance Ruling (AAR) held that Goods and Services Tax is leviable at 18% ( 9% Central Goods and Services Tax + 9% State Goods and Services Tax ) on brokerage charges by brokers, even when the produce is agricultural or exempt. The petitioner, M/s Gayatri Enterprises is a Commissioning Agent/Broker […]
A detailed standard operating method for officials of the Directorate General of GST Intelligence (DGGI) is been approved by the Central Board of Indirect Tax and Customs (CBIC) accompanying certain instructions for their conduct at the time of the tax investigation, summons, and searches to rectify the simplicity of business procedure and to avert any […]
The bogus claims for the tax credits called ITC fraud challenge India’s GST heads. It arrives even as the department takes on distinct Goods and Services Tax frauds, including bogus registrations and tax evasion. Authorities till now in the ongoing FY (2023-24), have noticed nearly ₹19,690 crore in bogus ITC claims across 1,999 cases – […]
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 […]
The Central Board of Indirect Taxes and Customs (CBIC) is planning to make a list of products that end up in litigation because of classification issues. The fitment committee seems to look into these items in which there is a minor difference in composition but the tax slabs are different, creating confusion in tax obligation, […]
