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On August 29, 2024, the Tamil Nadu GST Department issued Circular No. 08/2024 furnishing the essential norms for the adjudication proceedings under the Goods and Services Tax (GST) along with the drafting of the GST notices, orders, personal hearing, etc. It said that the qualities and contents required for the order, the notices, and the […]
The blog discusses the way the new GST registration regulations affect startups, emphasizing the benefits along with the hardships. Goods and Services Tax (GST) execution was an influential event in the economic history of India. Specifically for startups the GST has facilitated the business operation by conducting a complex network of indirect taxes into a […]
The Calcutta HC for a case asked to extend the advantage on the rectified GSTR 9. It was discovered that GSTR 9 did not permit an allegation of filing an incorrect export invoice and asked to extend the advantage on rectified GSTR 9. Advocate Mr Chakrabarty emerged on behalf of Agnus Exim Private Limited. The […]
Good and services tax (GST) collections in August surged to 10% from the same period of the previous year to Rs 1,74,962 crore, according to the government’s official statement. The same rise was noted in all categories- Central GST (CGST), State GST (SGST), Integrated GST (IGST), and cess. In the previous year, the gross GST […]
A detention order has been quashed by the Allahabad HC issued u/s 129 of the GST (Goods and Services Tax) Act, discovering that the expiry of an e-way bill due to a driver’s detour was insufficient grounds for such action. It remarked that the intention to evade tax is essential for invoking Section 129. The […]
The tax refund claim cannot be rejected based on a mismatch between Special Additional Duty of Customs and Value Added Tax (VAT), Chennai Bench of Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) ruled. The bench of M. Ajit Kumar (Technical Member) has marked that minor discrepancies in the description cited in the invoice vis-à-vis […]
The Ministry of Finance is anticipated to issue a circular for the much-expected GST Amnesty Scheme, which was suggested in the Budget 2024, sources said. The motive of the scheme is to furnish relief to the assessees by exempting the interest and penalties as per the specified conditions for the tax matters that emerged between […]
The Madras High Court has quashed the suspension order of a commercial tax officer who issued refunds to bogus exporters without verification. The bench of Justice N. Anand Venkatesh remarked that as a quasi-judicial authority if the applicant has satisfied all the needs that are furnished under the pertinent act and the circular that by […]
Post-closing the pre-show cause notice for Infosys pertinent to FY 2017-18, the investigation officials will analyze whether full ITC was claimed towards the expenses made via the overseas branch offices from FY19 to FY22. A procedure to solve the issuance of the notices to Infosys along with the foreign airlines and shipping council is anticipated […]
