Powerd By SAG INFOTECH
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It was held by the Gauhati High Court that Section 69 of the Central Goods and Services Tax Act 2017, which grants the power to arrest a Commissioner under the Act, needs the authority to not only record ‘reasons to believe’ that a taxpayer committed the specified offence but also determine the necessity to arrest. […]
The Goods and Services Tax Network (GSTN) addresses and solves the problem of duplicate entries in GSTR-2B for specific taxpayers. A precise GSTR-2B has been generated. The taxpayers to ensure the precise Input tax credit claims at the time of filing GSTR-3B are recommended to verify the ITC values in compliance with the GST norms. […]
A tax demand of Rs 6.72 crore has been imposed by the GST authorities on the Oil and Natural Gas Corporation Limited (ONGC), India’s largest oil and gas producer. The company in an exchange filing cited that the demand, which contains recovery of tax, interest, and penalties, relates to the IGST liabilities of the company […]
During the period when the ministerial panel on GST rationalization is asking to ensure that the advantages of lower tax are moved on to consumers the life insurance companies have filed a petition against waiving off the term insurance policies from the levy. The life insurance industry has claimed that the move will result in […]
What does IMS stand for? The mentioned functionality is said to be an effective rise in the ITC ecosystem of GST. Only the accepted invoices through the receiver shall become part of their GSTR-2B as their eligible ITC. Hence, the IMS shall furnish the taxpayer a chance to review the authenticity of the received invoices. […]
It was carried out by the Delhi High Court (HC) that the fees collected via the Central Electricity Regulatory Commission (CERC) and the Delhi Electricity Regulatory Commission (DERC) cannot be subject to the goods and services tax (GST). The ruling came in answer to the show cause notices furnished via the tax authorities asking for […]
The Bombay High Court accepted an unconditional apology rendered via officers of the Goods and Services Tax (GST) Department, under their arrest of the Petitioner while his opportunity to record a statement had been scheduled at a later date. A Writ Petition has been formed by the Petitioner Mishal J. Shah Hindu Undivided Family (HUF) […]
In the case of Kashi Exports vs Union of India & Ors. (2024), the Gujarat HC instructed tax officials to take another look at a request for a refund associated with GST made by Kashi Exports. The matter is towards the computation of the adjusted total turnover under Rule 89(4) of the CGST Rules. Kashi […]
In this article, SAG Infotech explains how the GST Department recovers tax amounts from debtors under Section 79(1)(c) of the CGST Act 2017. Speaker Om Birla cited that the world learns from the tax system of India. Under GST the whole country has to pay the uniform indirect taxes. Before that, each state had its […]
