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The Hon’ble Delhi High Court in the case of Varyam Dass Khurana v. Commissioner of GST, New Delhi [W.P. (C) No. 15670 of 2023 dated December 05, 2023] ruled that the cancellation of registration must take effect from the issuance date of Show Cause Notice, and not retrospectively. Key Information Late Mr. Varyam Dass Khurana […]
The Delhi High Court has ruled that denying an input tax credit (ITC) refund solely due to the absence of authenticated documents is not permissible. Justices Sanjeev Sachdeva and Ravinder Dudeja highlighted that although the petitioner had uploaded the necessary documents, the system failed to register them. Despite submitting the documents along with a response, […]
CEAT Ltd disclosed that it received GST demand and penalties exceeding INR 19 crore from tax authorities in Maharashtra and Vadodara. The Additional Commissioner in Vadodara imposed an interest charge of INR 3.27 crore and a penalty of INR 13.68 crore due to a delay in reflecting input tax credit caused by technical issues in […]
Nestle India and Asian Paints have joined the growing list of fast-moving consumer goods (FMCG) companies that have been sent tax notices for differences in the payment of Goods and Services Tax (GST) for the financial year 2017-18. Nestle India announced on Tuesday through an exchange filing that a tax demand notice of Rs 15.01 […]
ICICI Bank Ltd and Kotak Mahindra Bank Ltd, private sector lenders, announced on Thursday (December 28) that they’ve been issued demand notices by the Goods and Services Tax (GST) Department. The notices amount to ₹26.8 crore for ICICI Bank and ₹62.3 lakh for Kotak Mahindra Bank. ICICI Bank reported that it received a notification from […]
The Delhi High Court for the case of M/S SK Enterprises Vs. Principal Commissioner of GST held that the GSTIN Cancellation Notice should set out bogus allegations. The present petition impugning the order on 19.07.2023 (hereafter ‘the impugned order’) has been filed by the applicant revoking the GST registration of the applicant w.e.f. 23.05.2022. On […]
Kerala High Court Justice Dinesh Kumar Singh recently instructed M/S. N.T.K. Jewellers to formally contest the Goods and Services Tax (GST) Adjudication Notice through a statutory appeal. This decision stemmed from the absence of evidence suggesting any issues with the proper delivery of the GST DRC-01 notice. M/S. N.T.K. Jewellers filed a challenge against the […]
The Delhi High Court has invalidated the income tax notifications and directives passed before the approval date of the resolution plan. The panel of Justice Rajiv Shakdher and Justice Girish Kathpalia has noted the notices and directives concerning the income tax demands of the respondents or department relating to the period long before the granting […]
Many emerging sectors have been issued notices for GST tax evasion. The tax authorities have been utilizing the latest technology, Artificial Intelligence (AI), to track discrepancies in tax payments. This has raised concerns and started a debate over the use of AI. If we focus on the previous financial year alone, the department has detected […]
