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Minister of State for Finance Pankaj Chaudhary informed the Lok Sabha that Central GST officers detected tax evasion of over ₹1.88 lakh crore between April and December 2024. The evasion was comprised of matters of the bogus Input tax credit that was discovered across 72,393 cases in the period. The authorities incurred 132 arrests and […]
The Delhi High Court in a judgment held that the legal timeline to file a plea as given u/s 107(1) and the additional one-month condonable period u/s 107(4), is absolute and cannot be extended. The matter engaged various businesses, including Addichem Speciality LLP, JM Fleet Management Pvt Ltd, and Enia Architects. The dispute has emerged […]
The CBIC issued Instruction No.02/2025-GST on 07.02.2025, concerning the Procedure to be followed in the department appeal filed against interest and/or penalty only, pertinent to Section 128A of the CGST Act, 2017. Distinct doubts concerning the applicability of Section 128A have been described in Circular No. 238/32/2024-GST, on 15th October 2024. Queries have been raised […]
A ₹1,473.48 crore Goods and Services Tax (GST) demand has been imposed on UCO Bank, along with an equal amount in penalties and related interest, by the Additional Commissioner of CGST, Mumbai South Commissionerate. The order, dated February 6, 2025, was disclosed in the bank’s latest regulatory filing. The tax demand as per the filing […]
The Gujarat High Court on Thursday (February 6) dismissed the regular bail plea of journalist Mahesh Langa in an alleged case of GST fraud along with the fraudulent claim of Input Tax Credit and forgery of documents registered by Rajkot police. Justice MR Mengdey while pronouncing the order said, “Dismissed”. It is not inclined to […]
The Madras High Court Single Bench of Justice K Kumaresh Babu in a decision mentioned that the act of availing a Goods and Services Tax (GST) registration and paying tax dues post inspection could not be cited as voluntary, keeping the levying of penalty on the GST taxpayer. The writ petition was furnished contesting the […]
A relief is been granted by the Madras High Court to a supplier of purpose-built automotive vehicles, realizing their right to take reassessment following their failure to participate in assessment proceedings due to not being learnt with the initiation of such proceedings performed via the Revenue Department. Petitioner Tvl.Jainsons Castors and Industrial Products (Jainsons) contested […]
Finance Minister Nirmala Sitharaman mentioned that the GST Council will proceed with the decision to have fewer and lower rates, as the review work is on track for completion. Goods and Services Tax (GST) is a four-tier tax structure with slabs at 5, 12, 18 and 28 per cent. Luxury and demerit goods are levied […]
The Madras High Court in a judgment for the mismatch in the ITC claim under Form GSTR-3B and auto-populated GSTR-2A asked the applicant to file the 10% of the disputed tax amount while passing an order for re-adjudication by the tax authorities based on new material. The Nilgiri Dairy Farm P.Limited, (Nilgiri) submitted a Writ […]
