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The Delhi High Court has ordered a review of the request to change the Goods and Services Tax (GST) registration and reverse the cancellation of the petitioner’s registration. The court found that both applications were disapproved without stating any explanation. The petitioner, a company called M/S Sai Aluminium Exim is the applicant in this case […]
The Goods and Services Tax (GST) implementation rate structure, which was slightly below the measured revenue neutral rate (RNR), has raised concerns among public finance commentators, including the Reserve Bank of India and the 15th Finance Commission on the grounds of measurement and decreasing to below that level. Over the years, there have been several […]
The Allahabad High Court ruled that once an e-way bill is generated by the taxpayer and not cancelled within the time specified in the Goods and Service Tax Act, 2017, the movement of goods and legitimacy of the transaction cannot be contested by the Department. Justice Piyush Agrawal, while nullifying the penalty order issued under […]
According to sources familiar with the matter, the government plans to introduce two significant bills during the approaching winter session of Parliament. These bills aim to establish goods and services tax (GST) appeals tribunals and seek approval for adjustments in the government’s spending plans. One of the bills will propose amendments to the central GST […]
Divi’s Laboratories Limited, a pharmaceutical company based in Hyderabad, stated on November 16th that it had been issued a demand notice from the Goods and Service Tax (GST) department amounting to ₹164 crore. It also demands interest and penalty charges. According to the company, the notice was released by the office of the commissioner of […]
The Kerala High Court has instructed the Assessing Authority to review the petitioner’s arguments based on Circular No.183/15/2022-GST dated 27.12.2022 from the Government of India, Department of Revenue. This directive was prompted by the petitioner’s denial of legitimate Input Tax Credit (ITC), which was solely due to variations in ITC figures between the GST returns […]
The Punjab Government has launched a one-time settlement (OTS) initiative aimed at winning over traders and resolving approximately ₹6000 crore in outstanding GST dues. This move, as per the government, aims to alleviate the burden of past cases, allowing traders and industrialists to better comply with the Goods and Services Tax (GST). Harpal Singh Cheema, […]
Finance Minister, Nirmala Sitharaman, on Thursday, announced the the approval of biometric-based Aadhaar authentication via GST Seva Kendras for Andhra Pradesh. The step will make the process of GST registration easier and enhance the security, said the Minister. The GST revenue in October month reached the growth of a 10-month high touching ₹1.72 lakh crore, […]
The Madras HC recently passed an order and instructed the Goods and Service Tax (GST) Department to grant the assessee a GST registration number for starting its business. The petitioner, M/s. Bio Med Ingredients Pvt. Ltd. earlier applied for GST registration but it was rejected by the 1st respondent (the department) which had no appropriate […]
