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The Rajasthan High Court has overturned the prosecution under the Income Tax Act of 1961 against the applicant’s company, which is engaged in e-commerce transactions. The delay faced by prominent companies like Amazon, Naaptol, and eBay in submitting their bills led to the applicant being nearly 10 months late in filing the deducted TDS. It […]
It was cited by the New Delhi Bench of Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) that there is no service tax on the services via the organizer concerning the business exhibition held outside India. It was noted by The Bench of Dr. Rachna Gupta (Judicial Member) and Hemambika R. Priya (Technical Member) that […]
Punjab Finance Minister Harpal Singh Cheema articulated that the Excise and Taxation department has conducted targeted Goods and Service Tax (GST) registration drives to widen the GST base, consequence in the addition of 46,338 new taxpayers in 2023-24 and approximately 33,000 new taxpayers up to December 2024. To educate taxpayers on filing procedures, and compliance […]
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 […]
Punjab finance minister Harpal Singh Cheema availed that the tax revenue from goods and services tax (GST), excise, and value-added tax (VAT) in the 10 months of the fiscal year (FY) 2023-24 had crossed the figure of 30,000 crores with a 15.67% rise in GST and 10% growth in revenue from excise as compared to […]
On Monday, the Delhi High Court affirmed the constitutional validity of the anti-profiteering provisions within the Goods and Services Tax (GST). Over 100 companies, including Hindustan Unilever, Patanjali, Jubilant Foodworks, and Phillips, had filed petitions challenging these provisions. The court ruled that these provisions specifically address the necessity for a proportional reduction in prices when […]
Traders have been given notices by the Goods and Services Tax Department for issuing incorrect or fake invoices. These notices are based on data from the Mera Bill Mera Adhikar Scheme. The Central Board of Indirect Taxes and Customs (CIBIC) started this scheme to encourage the habit of creating bills and invoices during buying and […]
The Punjab Excise and Taxation Department (PETD) is currently scrutinizing approximately 700 boutiques throughout Punjab due to their non-compliance with GST payments and the issuance of obligatory customer invoices. Among these boutiques, there are 40 prominent establishments located in Patiala, Ludhiana, and other districts, each boasting annual turnovers in the lakhs, yet failing to adhere […]
In August 2023, Punjab’s GST collection saw a significant 31% year-on-year increase, attributed to robust business growth and improved monitoring to plug revenue losses. The total GST revenue, including SGST and IGST, for that month reached ₹1,713.41 crore, up from ₹1,306.88 crore in the same month of the previous fiscal year 2022-23, as per the […]
