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Directorate General of GST Intelligence (DGGI) in another drive to curb the GST leakages in distinct sectors learned about enrolling 41 cases against the pharma majors in the country in FY24. DGGI said that pharma companies have evaded GST on account of brand transfer sales availing the bogus ITC on expired drugs, taking fake GST […]
The Madras High Court in a ruling held that the Advance tax unutilized under the Value Added Tax (VAT) or Tamil Nadu VAT (TNVAT) has been permitted to be transitioned under Section 140 of the Tamil Nadu Goods and Services Tax Act, 2017 (TNGST). A Single bench of Justice C. Saravanan, the language of Section […]
A petition contesting the levying of the GST on the transfer of development rights within joint development agreements between realty developers and landowners has been considered by the Supreme Court of India. The court in the case has furnished the notices before the Union government, GST Council, and Central Board of Indirect Taxes and Customs […]
The Madras High Court directed reconsidering the issue of Input Tax Credit (ITC) under Goods and Services Tax (GST) reversed as of the discrepancy in GSTR 3B returns and GSTR 2A. On the condition of 10% pre-deposit, the order was set aside. The applicant, Rishab Industries is engaged in wholesale and retail trading of plastic […]
The Gujarat bench of the Authority for Advance Ruling (AAR) held that the Goods and Service Tax Input Tax Credit (ITC) was restricted to the cost of employer for canteen facility, apart from the employees contributions. The petitioner, M/s Kohler India Corporation Pvt. Ltd. is manufacturing plumbing products for kitchens & bathrooms. Their manufacturing facility […]
A Division Bench of the High Court of Telangana has explained that the GST Authority does not have the authority to issue orders for the insertion of a negative balance in the credit ledger of assessees. A writ petition was filed by Laxmi Fine Chem against the Assistant Commissioner contesting the blocking of input tax […]
The government has the objective to operationalize all the benches of the GST Appellate Tribunal (GSTAT) by January 2025, as it seeks to ease the significant backlog of pending GST-related disputes at the appellate level. The principal bench of GSTAT, in New Delhi, is anticipated to start operating in July. Finance Minister Nirmala Sitharaman administered […]
The Supreme Court has asked the centre that during the investigation do not use “threat and coercion” against traders for recovery of Goods and Services Tax (GST) and instead convince them to clear the dues voluntarily. No provision is there under the law which authorises the authorities to exert force for payment of outstanding dues, […]
The Forum for Internet Retailers, Sellers & Traders (FIRST) India, a division of India Small and Medium Enterprises (SME) Forum, stated that various sellers looking to start businesses in the state are facing obstacles in receiving the GST registration. The forum highlighted the problems encountered by online MSMEs desiring peace in TN for GST registration, […]
