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It was held by the Jharkhand High Court that the Goods and Services Tax ( GST) Input Tax Credit ( ITC ) is permissible even on the late filing of the Goods and Services Return GSTR-3B for the FY 2017-18 while asking for a Refund of Penalty & Interest to the petitioner. M/s. Ram Constructions, […]
It was carried by the Madhya Pradesh High Court that the GST department may not unfairly prejudice the taxpayer via disallowing the Input tax credit (ITC) quoting the late returns post already imposing late fees for the belated Goods and Services Tax (GST) Returns filing. The Madhya Pradesh High Court recently made a ruling on […]
Indian Railway Finance Corp. received a goods and services tax demand order totaling Rs 230.55 crore via the Tamil Nadu tax authority. The notice furnished via the assistant commissioner from the sales tax division in Chennai North includes a tax demand of Rs 209.59 crore and a penalty of Rs 20.96 crore, IRFC mentioned in […]
An advisory on the difference in the value of Table 8A & 8C of the GST Annual Returns FY 2023-24 has been issued by the Goods and Services Tax ( GSTN ). According to the Notification No. 12/2024-Central Tax dated July 10, 2024, and Notification No. 20/2024-Central Tax dated October 8, 2024, the process to […]
GST officers have found cases of Input tax credit evasion of Rs 35,132 crore by 17,818 bogus firms between April 2024 to October 2024 and arrested 69 persons, the government reported to Parliament. Minister of State for Finance Pankaj Chaudhary in an answer to Lok Sabha cited that regular action is been opted to fetch […]
The Allahabad High Court While deciding a case relating to Input Tax Credit carried that a quasi-judicial body should furnish a chance of hearing to a person before charging obligation on them. The Division Bench comprising Justice Shekhar B. Saraf and Justice Vipin Chandra Dixit carried that as per the doctrine of audi alteram partem […]
Circular No. 239/33/2024-GST, dated December 4, 2024, has been issued by the Central Board of Indirect Taxes and Customs (CBIC) amending the provisions for the adjudication of the Show cause notices furnished via the officers of the Directorate General of Goods and Services Tax Intelligence (DGGI). Authority has been provided to the Additional Commissioners and […]
The time extension notification on 24.04.2023 extending the time duration to pass the order u/s 73(9) and 73(10) of the Uttar Pradesh Goods and Service Tax Act, 2017 will apply solely from 31.03.2023 and not before that, the Allahabad High Court carried. Section 73 provides the authority to the proper officer to pass the order […]
All taxpayers registered under GST are required to file their annual return for the financial year 2023-24 by December 31, 2024, except for certain exempted categories. Before completing the annual return filing, taxpayers must first submit all monthly returns or quarterly returns, depending on whether they are part of the QRMP scheme. This is because […]
