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A petition filed by a firm against the penalty, interest levied on it, and reversal of ITC on inward supplies of goods by non-existent firms has been dismissed by the Allahabad High Court. The passed order of the additional commissioner in the same concern has been carried by the court. The court witnessed that the […]
The Mumbai Bench of Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) ruled that the taxpayer is qualified for CENVAT credit on inputs and input services utilised for the production of electricity, which are transferred to its sister unit at Urse free of charge. The bench of Ajay Sharma (Judicial Member) witnessed that no allegation […]
Gross Goods and Services Tax collections of India attained a record high of Rs 2.10 lakh crore in April, increasing 12.4 per cent on a year-on-year basis, the Finance Ministry stated. In March the GST collection stood at Rs 1.78 lakh crore. Earlier Rs 1.87 lakh crore in April 2023 is the highest-ever GST collection […]
Delhi High Court in a case asked for re-adjudication when the order passed u/s 73 of the Central Goods and Services Tax Act, 2017 without furnishing a chance to clarify the response concerning the Show Cause Notice (SCN). The applicant Decolene Fibers Pvt. Ltd. filed the writ petition against the show cause notice and order […]
The Gujarat High Court in its ruling addressed the issue of rejection of GST appeals due to non or delayed submission of certified copies of uploaded orders. The matter comprises Otsuka Pharmaceutical India Pvt. Ltd., a company engaged in the manufacture and export of pharmaceutical products, registered under the GST Act. On the GST portal, […]
The retrospective cancellation of Goods and Service Tax (GST) registration has been set aside by the Delhi High Court as of ceasing the business. Mechanically the registration could not be cancelled with retrospective effect. The same could be cancelled only when the proper officer considers it appropriate to perform. The same satisfaction could not be […]
The income tax department is on a drive to target the individuals and entities who are liable to file their ITR however they haven’t done it yet. As per the reports, the department fetched a staggering 1.52 crore these people who even after secures the taxable income or tax deducted at source (TDS), have losses […]
GAIL chairman Sandeep Kumar Gupta mentioned that the government should consider more stringent policy interventions if the country wishes to achieve its objective of exceeding than doubling the share of natural gas in the energy mix to 15% by 2030. The government must mandate the use of natural gas in refineries and steelmaking, and make […]
The matter for re-adjudication is remanded by the Kerala High Court as the attachment of the bank account under Goods and Service Tax ( GST ) proceedings without regarding the taxpayer’s opinion. The applicant has approached the Court with the recovery notice demanding arrears of tax. A M Sainudheen, the applicant is a taxpayer under […]
