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It was carried by the Andhra Pradesh High Court that badam-flavoured milk is not counted as a beverage however it is categorized under a particular entry as milk. The case shows another categorization issue under the goods and services tax (GST) regime that reached the courts and baffled both the dairy industry along the assessees. […]
An advisory on the difference in the value of Table 8A & 8C of the GST Annual Returns FY 2023-24 has been issued by the Goods and Services Tax ( GSTN ). According to the Notification No. 12/2024-Central Tax dated July 10, 2024, and Notification No. 20/2024-Central Tax dated October 8, 2024, the process to […]
Circular No. 239/33/2024-GST, dated December 4, 2024, has been issued by the Central Board of Indirect Taxes and Customs (CBIC) amending the provisions for the adjudication of the Show cause notices furnished via the officers of the Directorate General of Goods and Services Tax Intelligence (DGGI). Authority has been provided to the Additional Commissioners and […]
An audit report computing the liability for tax dues is not a notice or an order of determination as reflected u/s 106(1) of the Finance Act, 2013, Delhi High Court ruled. Section 106 cited the person who might make tax dues declaration. It was mentioned under sub-section (1) that any individual may declare his tax […]
The provisional attachment u/s 83 of the CGST Act ceases post 1 year and could not be attached again without providing a fresh reason, the Rajasthan High Court mentioned. The Division Bench, including Chief Justice Manindra Mohan Shrivastava and Justice Ashutosh Kumar, was dealing with a matter in which the taxpayer contested the attachment of […]
The Ministry of Finance (Department of Revenue), via the Central Board of Indirect Taxes and Customs (CBIC), has given Notification No. 29/2024 – Central Tax dated November 27, 2024. The last date is extended from this notification for filing the GSTR-3B return for October 2024 for specific registered assessees in the State of Manipur. Notification […]
Under the Central Board of Indirect Taxes and Customs (CBIC) the Ministry of Finance issued Notification No. 27/2024-Central Tax dated November 25, 2024, notifying the list of Goods and service tax commissioner to pass an order to the Directorate General of Goods and Services Tax Intelligence issued notices. On December 1, 2024, the same notification […]
Biometric Aadhaar authentication is set to be introduced at 46 GST service centres across Madhya Pradesh to address issues of fraudulent GST registrations at the initial stages. The objective of this initiative is to improve the registration process by identifying and stopping activities of fake taxpayers, to cease the revenue leakage for the government. These […]
While addressing an Application filed by the Reserve Bank of India ( RBI ) Maharashtra Authority for Advance Ruling ( AAR ) carried that the penalties, Late Fees, Penal Interests or Fines levied and collected by RBI from contravening banks, non-banking financial institutions and other such entities could not be considered as ‘Supply’ under the […]
