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The Gauhati High Court, in a ruling, stated that a proper officer will regard dropping GST cancellation proceedings if the taxpayers provide all the due returns and clear the outstanding dues, along with tax, interest, and late fees. Dhirghat Hardware Stores, a proprietorship firm represented by its proprietor, Mainur Islam, has filed a writ petition […]
The Gujarat High Court recently made an important ruling regarding the payment of statutory interest under the Goods and Services Tax Act, 2017. According to the court’s decision, interest is mandatorily payable on delayed refunds of Integrated Goods and Services Tax (IGST) if the refund is not processed within sixty days from the date it […]
Nasscom, an industry organisation, has pointed out that the current Goods and Services Tax (GST) system treats transactions between the main offices and their branches in IT companies as if they are taxable events. This creates an unnecessary tax burden for these companies. Even after being internal allocations in the same company and not supplies […]
The Bombay High Court ruled that the authority must pay ₹71.31 lakh as interest on the refund of illegally collected IGST (Integrated Goods and Services Tax) under the Reverse Charge Mechanism (RCM) on ocean freight. Justices M.S. Sonak and Advait M. Sethna considered that the applicant had submitted IGST, which the respondents used up to […]
The High Court of Jammu & Kashmir and Ladakh, in a ruling, has stated that tax authorities need to acknowledge the late responses to the SCNs before passing the final orders under the GST Act, outlining the norms of natural justice, and set aside the Goods and Services Tax (GST) demand made. Zakir Hussain, who […]
Businesses are required to maintain clear records of their sales, purchases, and tax payments with the rollout of the Goods and Services Tax (GST) in India. As Excel spreadsheets are user-friendly and flexible, small and medium-sized companies find it easier to use them to track their financial details. But, manual entry of the data of […]
The Allahabad High Court has stated that the expiration of an e-way bill due to a vehicle breakdown does not constitute an attempt to evade tax under the Goods and Services Tax (GST) Act. The court has overturned the seizure and penalty orders, emphasising that technical issues arising from unforeseen circumstances should not be viewed […]
The Bombay High Court’s Aurangabad bench, in a relief to the hospitality sector, had delivered an interim stay on the charge of 18% GST on restaurant services situated within hotels where the room tariff surpasses Rs 7,500 per day. The Union of India, the GST Council, and the State of Maharashtra received the notices from […]
The Allahabad High Court in Mohini Traders Vs State of U.P. and 2 Others, addressed writ petitions contesting the seizure of goods and the charge of penalties under the GST Act. The applicant, a GST-registered entity, had goods in transit from Aligarh that were intercepted on January 10, 2020, at Jalalpur. Post interception, the applicant […]
