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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 […]
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 […]
A circular concerning the Goods and Services Tax ( GST ) new registration is issued by the Department of Trade and Taxes. The CRC branch has chosen to furnish the clarifications of the questions pertinent to the GST new registration twice a week and at specific times raised by the public, CAs, advocates, etc. The […]
A GST notice worth Rs 23.26 cr for the FY 2018-19 has been received by Zomato from Karnataka tax authorities, the company mentioned in a regulatory filing. The order mandates a Goods and Services Tax payment of Rs 11,27,23,564, including additional interest and penalty charges totalling Rs 23,26,64,271, as per the filing. “According to Regulation […]
The Rajasthan High Court, Jaipur Bench, ruled that issuance of summons is not initiation of proceedings referable to under Section 6(2)(b) of the CGST Act. The bench of Justice Pankaj Bhandari and Justice Shubha Mehta noted that the extent of Section 6(2)(b) and Section 70 of the CGST Act is different and distinct, since the […]
In a regulatory filing, the Pharma company Dr Reddy’s Laboratories Ltd was reported saying that it has received a tax demand notice from the Additional Commissioner of Central Tax, Hyderabad GST Commissionerate with a total penalty (plus interest) of Rs 74.22 crore. The said demand was issued in response to the company’s recent incorrect availing […]
Finance Minister Atishi stated the plan of the state to strengthen its Goods and Services Tax (GST) administration, aiming for a faceless system. “In the fiscal year 2023-24, the tax collection for GST and VAT until January 2024 witnessed a growth of 13.96 per cent, compared to the previous year (until January 2023), reaching Rs […]
The Delhi High Court asked the respondent department to forfeit or remit the cash charged from the premises of the applicant to the petitioner comprising interest. The bench of Justice Sanjeev Sachdeva and Justice Ravinder Dudeja has noted that ‘cash’ is excluded from the definition of the term ‘goods’ and would counted within the definition […]
A conference of GST enforcement chiefs shall be inaugurated by FM Nirmala Sitharaman and the meeting will discuss fighting evasion, among other issues. The one-day conference is intended to combat bogus invoicing. It will address this primary form of GST evasion and strategize useful methods to fight it jointly. The meeting is anticipated to motivate […]
