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On July 25, amid a statewide shutdown called by small traders in protest against GST notices on digital payments, the Karnataka Commercial Taxes Department clarified on July 17 that GST registration is mandatory for businesses with an annual turnover exceeding ₹40 lakh (for goods) or ₹20 lakh (for services), regardless of the mode of payment. […]
The Patna High Court ordered the State GST Department to return the money, along with 9% simple interest and Rs. 10,000 in costs, after invalidating an illegal tax recovery made under the Goods and Services Tax (GST) regime. The division bench, consisting of Justices Rajeev Ranjan Prasad and Ashok Kumar Pandey, after witnessing that the […]
In recent months, the Central Goods and Services Tax (CGST) officials have scrutinized more than 2 dozen textile manufacturing companies in the nation concerning misclassifying textile processing activities and subsequently paying lesser tax. As per the officials, the CGST department has noted that various textile manufacturers are recording activities that involve ‘changing the nature of […]
Repeating that it will not interrupt the cases that need the fact-finding and adjudication that come in the domain, the Calcutta High Court instructed the manufacturer/ supplier to exhaust the statutory remedies given under the CGST Act, 2017 along with submitting a detailed response to the SCN. “The statutory framework under the CGST Act provides […]
During the current fiscal (FY25) the total number of companies registered stands at 1,12,962 (till November 30), the government notified. Harsh Malhotra the Minister of State in the Ministry of Corporate Affairs, cited in a reply in Lok Sabha that diverse initiatives have been opted by the government to facilitate the registration of companies. Central […]
The Allahabad High Court rendered the State Goods and Service Tax Authorities to not take action towards any assessment year in which the Central Goods and Service Tax Authorities have taken action earlier. The applicant has approached the HC under Article 226 of the Constitution of India against the measures taken via the State and […]
The Central Board of Direct Taxes (CBDT) is thinking of changing the official designations in the income tax department to make the roles more precise within people and create a significantly clearer image of the department. The offered restructuring concentrates on revising the nomenclature of positions like the commissioner of income tax (CIT) and principal […]
A detailed guide for tax professionals and departmental officers is been proposed by the recently updated Handbook on Judicial Matters, prepared by the Office of the Principal Commissioner of Income Tax (Judicial). The book specifies the process to file the appeals in distinct judicial fora, including the Income Tax Appellate Tribunal (ITAT), High Court, and […]
The Central Board of Indirect Taxes & Customs (CBIC), quoting the GST council’s suggestions, has ‘regularised’ past show cause notices for tax demand issued to foreign airlines. It furnished a circular for the GST applicability of Preferential Location Charges (PLC) for residential or commercial properties. The board on the concepts of ‘as is’ and ‘as […]
