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The Goods and Services Tax (GST) department typically initiates an audit when it detects discrepancies or suspicious activities, such as inconsistencies in GST returns or a significant mismatch between input and output tax credits. After completing the audit, a report is prepared, and a notice is issued to the taxpayer based on the findings. For […]
Recently, some reports have been received from the taxpayers regarding problems generating the GSTR-2B for October 2024, noting that it was unavailable on the GST portal as of November 14, 2024. In response, GST authorities clarified that the issue arises from the system’s design and specific compliance requirements. Why is the Auto-populated Form GSTR-2B Not […]
Biometric Aadhaar authentication is set to be introduced at 46 GST service centres across Madhya Pradesh to address issues of fraudulent GST registrations at the initial stages. The objective of this initiative is to improve the registration process by identifying and stopping activities of fake taxpayers, to cease the revenue leakage for the government. These […]
A Goods and Services Tax ( GST ) demand notice and order issued u/s 74 of the Central Goods and Services Tax Act, 2017 has been quashed by the Punjab and Haryana High Court, following the earlier closure of proceedings u/s 61 of the Central GST Act. The case concerned JSB Trading, a firm dealing […]
It was carried by the Delhi High Court that refunds, be it from the balance left in the electronic cash or the Electronic Credit Ledger, are considered at par and the Commissioner under the Central Goods and Services Tax Act may withhold both in the practice of its powers u/s 108. Section 108 provides the […]
The Kerala High Court in a case set aside the refusing Input tax credit under the Central Goods and Service Tax ( CGST ) Act, 2017 in consideration of notification on provision under section 16(5) of the act. The applicant Reinstate Renovation Solutions, has approached the court being dissatisfied with the fact that the applicant […]
The recently introduced Invoice Management System (IMS) on the GST portal is expected to decrease the volume of notices related to Input Tax Credit (ITC) discrepancies in returns and reduce tax-related litigation, as noted by tax experts and chartered accountants. According to experts, about 10% of total notices from the GST department are concerned with […]
The Karnataka High Court in a case has ruled that electronic credit ledger(ECL) could not get restricted under Central Goods and Service Tax (CGST), 2017 without clear reasons. It was discovered that the block was on the receipt of a copy of the enforcement reports of the authority. The orders invoked by rule 86A of […]
It was discovered by the GST officers that nearly 18,000 bogus companies have been evading taxes of around Rs 25,000 crore. By claiming the tax benefits without performing the real business these companies were being made merely to cheat the Goods and Services Tax (GST) system. This investigation which ran from August 16 to the […]
