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The Hon’ble Madras High Court in the case of K.S. Janarthanam v. Deputy State Tax Officer [W.P. No. 1848 of 2024 on January 31, 2024] disposed of the writ petition, hence holding that, a 100 per cent penalty could not get levied if an SCN is issued under Section 73 of Tamil Nadu Goods and […]
In the case of Fairdeal Metals Limited Vs Asst. Commissioner Of Revenue, State Tax WPA/170/2024; Calcutta High Court has expressed that the buyer, who is in no way associated with any of the allegations that have been incurred against the seller, could not be made responsible to pay a penalty for incorrect doings of seller. […]
Certain individuals with bogus intent are forming and sending bogus summons to taxpayers who may or may not be under investigation by the DGGI, The Directorate General of GST Intelligence (DGGI), Central Board of Indirect Taxes and Customs (CBIC) notices. Bogus summons that are sent look real as they secure the Document Identification Number (DIN), […]
Revenue Secretary Sanjay Malhotra in a press conference said that the government’s objective is to remove the flexibility furnished to the buyers and sellers in amending their output obligation. The same action consists of locking the invoices and eliminating the edit option in the forthcoming fiscal year, a proposal that shall be reflected in the […]
Verifying the legitimacy of issued Show Cause Notices and Orders under GST holds utmost importance within the sphere of tax compliance. This article explores the importance of closely examining these documents, bringing attention to essential aspects of the CGST Act, 2017. Fill Form for GST Compliance Software What is the Need to Verify the Served […]
the National Restaurant Association of India appealed to the government to reinstate input tax credit for restaurants. Additionally, they recommended an increase in the GST rate existing 5% to 12% in anticipation of the upcoming Union Budget. In a letter addressed to Finance Minister Nirmala Sitharaman, the National Restaurant Association of India emphasized the need […]
The Delhi High Court for the case of M/S SK Enterprises Vs. Principal Commissioner of GST held that the GSTIN Cancellation Notice should set out bogus allegations. The present petition impugning the order on 19.07.2023 (hereafter ‘the impugned order’) has been filed by the applicant revoking the GST registration of the applicant w.e.f. 23.05.2022. On […]
Pankaj Singh, the Minister of State in the Ministry of Finance, during a parliament session on Monday, said that there are no additional charges that consumers have to pay on the products that come under Goods and Services Tax (GST), after the MRP. The minister made the aforementioned statement in reply to a query posed […]
The CBIC official mentioned that approximately 33,000 GST notices have been dispatched by central tax officers to businesses due to inconsistencies in filed returns and underpayment of taxes during the financial years 2017-18 and 2018-19. Additionally, the official mentioned that the National Coordination Committee, led by the Revenue Secretary, is expected to convene by the […]
