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Not Submitted AG Reports for Pending GST Dues

FM India: No Question About GST Dues of Any States from Center

GST dues of any state are due after the centre it said and certain state governments still need to submit the AGs authenticated certificate for the release of their funds of share. Union Finance Minister Nirmala Sitharaman while answering the supplementary question in Rajya Sabha remarked the narrative that GST dues are left from the […]

Delhi HC's Order for Lovelesh Singhal Prop Shivani Overseas

Delhi HC: Impermissible for Authorities to Force Taxpayers to Pay GST Without Following the Procedures

The officers are only permitted to force the assessee to pay the tax if they do not comply with the requisite process, notwithstanding that the same might be apparent that these taxes are left and liable to get paid, Delhi High Court ruled. Justice Vibhu Bakhru and Justice Amit Mahajan highlighted that the statement of […]

Patna High Court's Order for M/s Punit Kumar Choubey

Patna HC: Article 226 Can’t be Invoked if Statutory Appeal Under CGST Act Not Filed by Assessee

As per the Patna High Court under Article 226 of the Constitution of India, the extraordinary jurisdiction could not be invoked if the taxpayers’ losses file a legal plea to the Central Goods and Service Tax Act (CGST). The assessment order and the rejected appeal filed were been questioned by the M/s Punit Kumar Choubey […]

Avg Monthly GST Collection Reaches INR 1.66 Lakh Cr So Far in FY24

FM Sitharaman: Avg Monthly GST Collection Records INR 1.66 Lakh Crore So Far in FY24

The collection of Goods and Services Tax (GST) has been exhibiting an upward trajectory yearly since its implementation on July 1, 2017, and the average total monthly collection in the current financial year so far is Rs 1.66 lakh crore, as stated by Finance Minister Nirmala Sitharaman on Monday. In a written response to a […]

FIDC Wants GST Clarification on Co-Lending Models of NBFC

FIDC Urges CBIC for GST Clarification on NBFC’s Co-Lending Models

The Finance Industry Development Council (FIDC), an organization that represents non-bank lenders, has officially urged the Central Board of Indirect Taxes and Customs (CBIC) to offer explicit clarification concerning the taxation of surplus interest held by Non-Banking Financial Companies (NBFCs) in co-lending arrangements with banks under the Goods and Services Tax (GST) system. This request […]

Bombay High Court's Order for Hongkong and Shanghai Banking Corporation

Bombay HC: Order Council to Return Tax Amount Deposit via HSBC Under Protest

The Bombay High Court has directed the council to refund the tax deposited via HSBC during the protest. The bench of Justice G. S. Kulkarni and Justice Jitendra Jain noted that once the amounts were deposited via the applicant and retained via the council without the authority of law, the applicant’s claim for the refund […]

Center New Plan to Simplify GST Law for Travel & E-Commerce Industries

Central Govt Planning to Simplify GST Law for E-Commerce & Travel Industries

The government is contemplating the revision of the comprehensive GST legislation by introducing an extra provision or changing its definition, accompanied by adjustments in procedures relevant to the service sector. Presently, it is obligatory for businesses to possess a tangible establishment within the jurisdiction of their operations, which poses challenges for e-commerce enterprises and other […]

Pre-filled GST Return Forms Before FY25

FinMin Seeks to Introduce Pre-filled GSTR Forms Before FY25

The Ministry of Finance is positioned to start the pre-filled GST return forms prior to the subsequent financial year, which is anticipated to solve the problem of the bigger information mismatches directing to the tax notices, as per the senior government official. The department is currently assessing the added expenses involved in boosting the digital […]

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