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GST authorities are developing a system to address tax and registration concerns related to shared warehouses used by e-commerce companies, where multiple suppliers store their goods for final delivery, an official stated. For warehouses, the problem of taxation has arisen due to multiple suppliers geo-tagging the same warehouse as their ‘additional place of business’ under […]
The government ensures non-banking financial companies (NBFCS) that it will inspect the concerns around the charge of goods and services tax (GST) on their co-lending arrangements with banks. As per the officials, a clarification can be furnished after the problem is seen into. Banks and NBFCs ask for the issue of GST authorities serving notices, […]
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 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 […]
FM Nirmala Sitharaman dismissed the fact that increasing goods and services tax (GST) collections only provides an advantage before the Centre. She elaborated that the indirect tax system increases the revenue of the state by nearly Rs 9 trillion between 2018-19 and 2022-23 compared to the amounts that have been collected via the before subsumed […]
The businesses have proceeded to the High Court challenging the legal validity of the notices who obtained the GST notices in December 2023 and January of this current year as of the extension of the due date for the issuance of the GST notice. Before the centre, certain high courts have furnished the notices and […]
Kerala High Court in its ruling carried that the demand for a late fee for belated GSTR 9C is invalid as the Central Goods and Service Tax ( CGST ) notification exempted the same and permitted the refund of the late fee paid. The court, the applicants shall not be authorized to claim a refund […]
The Gujarat High Court in its ruling addressed the issue of rejection of GST appeals due to non or delayed submission of certified copies of uploaded orders. The matter comprises Otsuka Pharmaceutical India Pvt. Ltd., a company engaged in the manufacture and export of pharmaceutical products, registered under the GST Act. On the GST portal, […]
