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As per the latest official data released dated January 1, 2025, Gross GST collections in December 2024 stood at Rs 1,76,857 crore, which is 7.3 per cent more as compared to the previous year. According to the data of government, the Central GST collection stood at Rs 32,836 crore, State GST at Rs 40,499 crore, […]
The indirect tax structure in India has been streamlined by the Goods and Services Tax (GST) however, the making of the GST rate list has provided complexities for companies and individuals alike. The GST rate list cites the tax fees for special items and services, varying from 0 to 28 per cent. The SAG Infotech […]
Under the Goods and Services Tax Act, regulatory measures cannot be labelled as violative of a taxpayer’s right to trade/ business under Article 19(1)(g) of the Constitution, Calcutta High Court ruled. The reason is being furnished by Justice Rajarshi Bharadwaj that the regulatory actions are “necessary to ensure compliance and prevent tax evasion”. The observation […]
Delhi High Court has relieved the logistics company dissatisfied with the GST assistant commissioner’s decision, rejecting its answer to a Show Cause notice through a template order. A division bench of Justices Prathiba M. Singh and Amit Sharma noted that an SCN seeking to assess other liabilities (including penalties) on the taxpayers must be decided on […]
The Punjab & Haryana High Court while dismissing the writ petition carried that the Good and Service Tax (GST) department could not be averted from performing the preliminary inquiry pertinent to the books of accounts of a registered individual. The applicant/taxpayer MAG Filters And Equipments Private Limited, has contested the proceedings started via the respondents […]
Members of the Tamil Nadu Vanikar Sangangalin Peravai, a traders’ association in Coimbatore, have furnished a petition to the District Collector asking for a rollback of 18% GST imposed under the Reverse Charge Mechanism on rents paid for commercial properties used for business objectives. Regarding the financial load on small-scale retailers who face distinct taxes […]
The Andhra Pradesh GST AAR decided on M/s RV Hydraulic Services and their request for a tax benefit. They denied the company’s claim for a refund on the tax paid for imported machinery. The main reason for this decision was that the official document proving the import, called the Bill of Entry, was not registered […]
In November gross GST collections have risen 8.5 percent to over Rs 1.82 lakh crore on higher revenues from domestic transactions. Rs 34,141 crore, is the Central GST collection, State GST at Rs 43,047 crore, Integrated IGST at Rs 91,828 crore, and cess at Rs 13,253 crore, as per the government’s data. In November Rs […]
The time extension notification on 24.04.2023 extending the time duration to pass the order u/s 73(9) and 73(10) of the Uttar Pradesh Goods and Service Tax Act, 2017 will apply solely from 31.03.2023 and not before that, the Allahabad High Court carried. Section 73 provides the authority to the proper officer to pass the order […]
