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It is important to buy a house and is a long-term investment of money. This article gives information on different GST rates and how they apply when buying flats that are either under construction or ready to use. In these transactions, GST needs to be acknowledged. Knowing whether or not GST is applicable will affect […]
The bogus claims for the tax credits called ITC fraud challenge India’s GST heads. It arrives even as the department takes on distinct Goods and Services Tax frauds, including bogus registrations and tax evasion. Authorities till now in the ongoing FY (2023-24), have noticed nearly ₹19,690 crore in bogus ITC claims across 1,999 cases – […]
The Delhi High Court was directed to apply for a refund mandated under section 54 of the Central Goods and Service Tax ( CGST ) Act, 2017 for a refund of GST paid. The court removes the period between 19.01.2024 and the date of judgment for limitation. The applicant, Pedersen Consultants India Pvt Ltd, asks […]
The assessment order is been quashed by the Madras High Court which said that the applicant claimed a lower amount as ITC compared to the amount shown in the auto-populated GSTR 2A return. The ITC has wrongly claimed the ITC, which specifies the non-application of mind. Concerning the interest liability for the late filing of […]
Philips Auto Agencies (India) Pvt. Ltd. approached the Kerala High Court post being denied Input Tax Credit (ITC) under the Goods and Services Tax (GST) Act for the FY 2018-19. The refusal was credited to a discrepancy between GSTR-2A and GSTR-3B. Complete Details Closure: In the case of Philips Auto Agencies the Kerala High Court’s […]
The Delhi High Court referred the Goods and Service Tax (GST) department to cancel the GST registration from the date of the death of the proprietor instead of retrospectively from the beginning of the GST commission dated July 1, 2017, because of non-filing of GST Returns (GSTR). The order on July 31, 2019, is been […]
The Goods and Services Tax ( GST ) assessment order is been quashed by the Single Bench of the Madras High Court where the applicant was disallowed from claiming the Input Tax Credit for incorrectly mentioning the Goods and Services Tax Identification Number ( GSTIN ) unintentionally. The applicant contested the GST assessment order through […]
A network of 232 fake money-changing companies has been excavated by the Income Tax Department and detected tax evasion amounting to ₹1,000 crore via fraudulently generated Input Tax Credits under the Goods and Services Tax (GST) regime. Furnishing the information of the bogus process, the Chairman of the Central Board of Indirect Taxes and Customs […]
In a regulatory filing, the Pharma company Dr Reddy’s Laboratories Ltd was reported saying that it has received a tax demand notice from the Additional Commissioner of Central Tax, Hyderabad GST Commissionerate with a total penalty (plus interest) of Rs 74.22 crore. The said demand was issued in response to the company’s recent incorrect availing […]
