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Traders and industrialists have been reassured by Punjab State Goods and Services Tax (SGST) officials that they won’t be liable to pay a fine of Rs 50,000. The stated fine was levied in case of not displaying GST identification numbers (GSTIN) outside the business setup. It was a nice decision to make them aware and […]
The Central Board of Indirect Taxes and Customs (CBIC) has announced Standard Operating Procedure (SOP) in order to scrutinise GST returns for FY 2019-20 onwards via releasing guidelines. Attention is drawn to Instruction No. 02/2022-GST, dated March 22, 2022, which provides a Standard Operating Procedure (SOP) for the scrutiny of returns filed for the fiscal […]
The Allahabad High Court ordered the tax authorities to release a fresh notification regarding the GST registration cancellation merely on the basis of a firm being found fake under Section 29(2) of the Uttar Pradesh Goods and Services Tax Act, 2017 (UP GST). The current writ petition challenges the respondent’s decision to revoke the petitioner’s […]
Nearly 10,000 bogus GST registrations have been fetched by the central and state goods and services tax officials in the initial week of the joint drive. The officials would have performed a door-to-door physical verification of addresses prior to executing any action. On May 15 the campaign against the bogus invoices and registration would get […]
On Wednesday, Sanjay Kumar Agarwal, a member of the CBIC, stated that additional efforts are required to get a solution for fake GST input tax credit (ITC) generators from the system in order to stop tax evasion and boost GST collection. He said that the government has taken a number of measures to deal with […]
Approximately 4000 businesses from Ludhiana have been labelled as suspects by the online system which is a significant development in the GST department’s campaign to combat fictitious and suspicious registrations. This figure is expected to increase. On May 16, the campaign officially began and it will take some time to thoroughly study each case and […]
For filing the explanation on the due queries that the Goods and Services Tax authorities have refused, a Single Bench of Madras High Court permitted an extension of 30 days to Exide Industries in a recent ruling. The bench of Justice P.B. Balaji, the impugned orders would not discuss the extension cause of time at […]
A single bench of Justice C. Saravanan of Madras High Court ordered the purchaser to create a pre-deposit of 200% of the maximum fine or a replacement furnish Bank Guarantee in terms of Section 129(c) of the respective Goods and Services Tax ratification and the Rules made under that. After furnishing Bank Guarantee for the […]
The GST Department has introduced a new feature and issued an advisory regarding the viewing of Aadhaar Authentication Status, downloading e-KYC documents for new registration applications, and uploading e-KYC documents in the PV Report of the CBIC ACES Goods and Services Tax Application. The Office of the Principal Additional Director General of Systems & Data […]
