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Visakhapatnam ITAT on finding that there is no shortfall of TDS and the taxpayer is eligible to obtain credit of the entire amount, rendered the AO to allot the credit of the whole amount deducted as tax at source under section 194Q of the Income Tax Act. The Bench of Duvvuru Rl Reddy (Judicial Member) […]
New trouble has emerged for Patanjali Group companies led by Baba Ramdev. Directorate General for GST Intelligence (DGGI) is comprehended to have issued two show-cause notices to Patanjali Group companies Patanjali Ayurved and Patanjali Foods. As per the sources, DGGI (Directorate General for GST Intelligence) has sent 2 SCN before Patanjali group companies Patanjali Ayurved […]
One of the outcomes of cancelling the registration of the taxpayer with retrospective effect is that the taxpayer’s customers are refused the claim of the input tax credit for the supplies made by the taxpayer, the Delhi High Court ruled. The bench of Justice Sanjeev Sachdeva and Justice Ravinder Dudeja witnessed that simply due to […]
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 Madras High Court in a ruling granted relief to Larsen & Toubro by overturning the Goods and Services Tax ( GST ) order and remanding the case for reconsideration. Allegations emerge for the higher Input Tax Credit ( ITC ) shown in the Goods and Services Tax Returns ( GSTR-2A ) compared to what […]
In the GST recovery rate matters related to the ITC fraud have increased in FY24 with the Directorate General of GST Intelligence (DGGI) recovering exceeding 12% of the dues against 2% to 3% in the previous years, government sources familiar with the development. A GST Compliance Expert Said that the Commoners are Getting Trapped by […]
The Goods and Services Tax ( GST ) Assessment order is quashed by the Madras High Court asking for the tax liability stating the discrepancy indicated in GSTR-3B and GSTR 2A/2B with a condition directing the applicant to remit 10% of disputed tax liability. The GST assessment order is contested by the Petitioner Subh Sri […]
The bogus claims for the tax credits called ITC fraud challenge India’s GST heads. It arrives even as the department takes on distinct Goods and Services Tax frauds, including bogus registrations and tax evasion. Authorities till now in the ongoing FY (2023-24), have noticed nearly ₹19,690 crore in bogus ITC claims across 1,999 cases – […]
The matter of Suresh Kumar Jain Vs Sales Tax Officer Class II Avato & Anr is related to the dispute originating from a Show Cause Notice (SCN) issued under the Central Goods and Services Tax Act, 2017 (CGST Act). The applicant contested the order on 29.12.2023, which disposed of the SCN, and sought a demand […]
