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A number of local corporate entities that provided corporate guarantees on behalf of their subsidiaries, as well as MNCs that provided similar guarantees for their Indian subsidiaries, have received GST demand notices from the Directorate General of Goods and Services Tax Intelligence (DGGI). At least 14 companies, including automakers, FMCG, and electronic goods companies, have […]
The Gujarat High Court overruled the Adjudicating Authority’s ruling and allowed an assessee to pay their tax debt in instalments, therefore releasing the provisional attachment of the taxpayer’s bank account. The aforesaid order which Justice NV Anjaria and Devan M Desai delivered would come in response to the special civil application in which the applicant […]
The Bombay High Court has ruled that the IGST (Integrated Goods and Services Tax) paid on zero-rated supplies will be refunded to the petitioner along with 7% interest. A two-member bench consisting of Justice G.S. Kulkarni and Justice Jitendra Jain have determined that the petitioner has the right to claim a refund for the IGST […]
For the cases in which the registered individual performs the separate kind of business from the identical place of business within the state then he does not choose to get the separate registration within the same state, The West Bengal Authority for Advance Ruling (AAR) witnessed. Under the West Bengal Goods and Services Tax Act, […]
In just six years, the Goods and Services Tax (GST) has increased significantly. From around 68 lakh in 2017 to around 1.4 crores the number of assessees would have twice, indeed the average monthly revenue has also climbed approx to the identical rate from near to Rs 90,000 crore in 2017-18 to Rs 1.69 lakh […]
For setting the GST appellate tribunals and hiring the members post-approval via GST council the central govt shall provide the guidelines, CBIC official stated. Shashank Priya member of the Central Board of Indirect Taxes and Customs (CBIC) (GST) mentioned that the department would be rendering for growing the assessee base and performing the data triangulation […]
The GST Authority for Advance Ruling, in a recent ruling, exempted GST on compensation that is paid to sub-contractor as an out-of-court settlement. As per GST provisions, complying with the obligation to evade an act, abide by an act or situation, or do an act constitutes a GST-taxable supply of service. High courts have given […]
On the supply of goods and services in India, GST would be the complete indirect tax that would get charged. The Goods and Services Tax (GST) has been in place for more than five years, but the GST litigation is still in its infancy. It is anticipated that as time quickly passes, more and more […]
In a recent move, taxpayers under the Goods and Services Tax (GST) are allowed to explain the errors or discrepancies in their inward and outward supply filed in tax returns on the GST portal itself, without being worried about receiving notice from the tax authorities. The Central Board of Indirect Taxes and Customs (CBIC) has […]
