Powerd By SAG INFOTECH
Notifications can be turned of anytime from browser settings
The Goods and Services Tax ( GST ) Assessment order is quashed by the Madras High Court asking for the tax liability stating the discrepancy indicated in GSTR-3B and GSTR 2A/2B with a condition directing the applicant to remit 10% of disputed tax liability. The GST assessment order is contested by the Petitioner Subh Sri […]
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 Madras High Court directed the Goods and Services Tax Appellate Authority to regard a GST petition on merits, following the appellant’s illness, which resulted in a delay of 144 days, beyond the condonable delay of 120 days. The petitioner contested the order insofar as the levy of penalty and interest under Section 73(9) and […]
In the case involving M/s. Eicher Motors Limited versus the Superintendent of GST and Central Excise, the Madras High Court has ruled that no interest should be imposed if the Goods and Services Tax (GST) is deposited within the stipulated due date, even if the GSTR-3B filing is delayed. The petitioner, a well-known manufacturer specializing […]
A pencil sold together with a sharpener attracts a higher GST compared to a standalone pencil sale, as per the ruling of the Gujarat Authority for Advance Ruling (GAAR). The distinction arises from the classification of the sale of a pencil and sharpener as a ‘mixed supply.’ Businesses engage in either providing goods or services […]
Following a series of GST demand notifications, the business sector is eager for the inclusion of an amnesty scheme in the upcoming interim budget. However, opinions among experts are divided on this matter. In the previous year, reports indicated that authorities responsible for goods and services tax (GST) issued notices totalling around Rs 1.45 lakh […]
The Allahabad High Court ruled that a minor typographical error in the e-way bill without any other material establishing an intention to evade tax shall not draw a penalty under Section 129 of the Goods and Service Tax Act, 2017. Placing reliance on the decision of Allahabad High Court in M/s. Varun Beverages Limited v. […]
Life Insurance Corporation of India (LIC) announced that it has received a notification regarding payment of Goods and Services Tax (GST). Including interest and penalty, the notice stated the amount of Rs. 806 crore. LIC plans to challenge this decision and will file an appeal. The notice was received on January 1. According to LIC, […]
The government is exploring the inclusion of electricity within the goods and services tax (GST) framework. The Union Power Ministry is actively assessing its potential effects on various fronts such as industry, state revenues, and household electricity expenses. Historically, electricity, along with commodities like petrol, diesel, and natural gas, has existed outside the realm of […]
