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The past six years have seen more than 1,000 notifications, circulars, and instructions for assesses and adjudicating authorities, therefore opening up the GST law to interpretation by assesses and authorities identical. The same interpretation has furnished an increase to the rising case laws across different judiciaries and writ petitions being filed to various High Courts […]
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 GST demand of Rs. 8.23 crore against Max Healthcare is been quashed by the Delhi High Court. The bench of Justice Sanjeev Sachdeva and Justice Ravinder Dudeja noted that a proper officer is required to regard the reply on merits and then develop a view as to whether the response was devoid of merits. […]
The Madras High Court ruled that Ao’s classification of Harpic and Lizol under the 28% GST slab rate is without consideration. The bench of Justice Mohammed Shaffiq noted that when complaints are raised, a duty is cast on the assessing authority to apply its mind to the objections and deal with each one of them. […]
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. […]
Section 50 of The CGST Act was revised to furnish that there would be no interest obligation on late filing of GSTR-3B to the extent of the balance in The Electronic Credit Ledger, the Courts in the following and other cases ruled that interest was subjected to be paid even after there was balance in […]
The Kerala High Court remanded the case for re-adjudication on the case of the Submission of GSTR -1 established on the Central Board of Direct Taxes ( CBDT ) Circular. Mr. Abraham K. J., Counsel for the petitioner and Ms. Reshmita Ramachandran, Government Pleader. The applicant M/S Kochi Medicals, is a registered dealer under the […]
In the past decade, there’s been a remarkable surge in the country’s startup scene. Despite the setbacks caused by the COVID-19 outbreak and the 2020 lockdown, 2021 marked a revival in growth. Presently, India’s startup landscape initially centred around software, has diversified across industries and locations. This transformation is credited to government initiatives, a skilled […]
ICICI Bank has informed exchanges about a demand notice from the Maharashtra Goods and Services Tax (GST) department, totalling over Rs 7.47 crore. This encompasses GST and interest claims exceeding Rs 3 crore each, alongside a penalty of Rs 11 lakh. The GST audit raises concerns about the bank’s invalid input tax credit (ITC) claims […]
