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Goods and Services Tax (GST) notices are to be served via alternative means once registration of the taxpayer has been cancelled, and only uploading the notice on the GST portal is insufficient, Allahabad High Court mentioned in a ruling. In this case, a writ petition was filed through a business, M/s Ahs Steels, whose GST […]
Considering the conflicting views of the Delhi High Court and the Madhya Pradesh High Court, the Apex Court is set to regard the problem of whether the authorities can seize cash u/s 67 of the Central Goods and Services Tax Act, 2017. The development arrived as a bench of Justices PS Narasimha and Sandeep Mehta […]
Tax notices have been issued by the central government for Rs 10,000 crore to the automobile manufacturers for ‘failing to pay the compensation cess’ under the Goods and Services Tax (GST) on utility vehicles. The taxes relate to utility vehicles sold before 2022 and consist of popular models like Mahindra’s Thar and Scorpio, Tata Motors’ […]
The Karnataka High Court in a ruling quashes the blocking of Input tax credit (ITC) via the tax authorities by not furnishing a proper hearing or establishing effective reasons. The applicants’ Input Tax Credit (ITC) was blocked through the impugned order at Annexure – A on 09.07.2024, via invoking Rule 86A of the Central Goods […]
The Central Board of Indirect Taxes and Customs ( CBIC ), vide circular no. 234/28/2024-GST on 11th October 2024, has explained that an 18% Goods and Services Tax ( GST ) applies to affiliation services furnished via universities to colleges. These affiliation services are waived from the GST notification No. 12/2017-CT(R) on 28.06.2017 GST applicability […]
The Central Board of Indirect Taxes and Customs (CBIC), in an update to the penal provisions for the inspection and search operations under the Goods and Services Tax (GST) regime, via Notification No. 20/2024 – Central Tax dated October 08, 2024, has made a vital substitution in form GST INS-01. The same revisions align with […]
Through the Central Goods and Services Tax (Second Amendment) Rules, 2024, the Central Board of Indirect Taxes and Customs (CBIC), has introduced amendments in the process pertinent to the cancellation and suspension of GST registration. Such amendment has the objective of improving compliance and facilitating the procedure for the assessees and authorities. Amendment Highlights Rule […]
Summary of New GST Section 74A
The Karnataka High Court, voluntary determination by the taxpayer himself as regards the tax liability, is sine qua non for ‘self-ascertainment of tax’ under the CGST Act. The high court said that when the notice asked to be issued under section 74(1) it showed a new and complete adjudication and did not direct to a […]
