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The Ministry of Finance in relief for the taxpayer has issued a Notification No. 08/2025 – Central Tax, dated January 23, 2025, exempting late fees u/s 47 of the Central Goods and Services Tax Act, 2017. The same exemption applies to the registered persons who were needed to submit the FORM GSTR-9C (reconciliation statement) along […]
The Allahabad High Court in a ruling has set aside a Goods and Services Tax (GST) demand order in the absence of a personal hearing, reaffirming the principles of natural justice in taxation matters. The Prakash Iron Store Vs State of U.P. case outlines the significance of furnishing the taxpayers with a fair chance to […]
It was held by the Gauhati High Court that Section 69 of the Central Goods and Services Tax Act 2017, which grants the power to arrest a Commissioner under the Act, needs the authority to not only record ‘reasons to believe’ that a taxpayer committed the specified offence but also determine the necessity to arrest. […]
A tax demand of Rs 6.72 crore has been imposed by the GST authorities on the Oil and Natural Gas Corporation Limited (ONGC), India’s largest oil and gas producer. The company in an exchange filing cited that the demand, which contains recovery of tax, interest, and penalties, relates to the IGST liabilities of the company […]
What does IMS stand for? The mentioned functionality is said to be an effective rise in the ITC ecosystem of GST. Only the accepted invoices through the receiver shall become part of their GSTR-2B as their eligible ITC. Hence, the IMS shall furnish the taxpayer a chance to review the authenticity of the received invoices. […]
It was carried by the Himachal Pradesh High Court that the penalty provision mentioned in section 16(7) of the HP Value Added Tax Act, 2005 could not get invoked till the legal authority gets satisfied concerning Section 16(4) of the Act applicability. Section 16(4) mandates a registered dealer to file the whole amount of tax […]
It was carried by the Gauhati High Court that the Show cause notice issued before the taxpayer under section 73 of the Central Goods and Services Tax Act, 2017, the Statement issued with the SCN as well as an Order passed u/s 73(9) must mandatorily be signed via the authorised Officer. Justice Soumitra Saikia noted […]
It was carried out by the Delhi High Court (HC) that the fees collected via the Central Electricity Regulatory Commission (CERC) and the Delhi Electricity Regulatory Commission (DERC) cannot be subject to the goods and services tax (GST). The ruling came in answer to the show cause notices furnished via the tax authorities asking for […]
It was revealed by Mankind Pharma Ltd, which holds top positions in the Pharma sector that Kolkata GST authorities levy a penalty of Rs. 2.27 crore for the allegation of discrepancies in reported figures for the financial years 2018 to 2022. From the office of the Commissioner of Kolkata South CGST & CX the penalty […]
