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The High Court of Kerala in the case of M/S. HILTON GARDEN INN Vs. THE COMMISSIONER OF KERALA GST has ruled that GST interest could not be imposed on the non-filing of GSTR-3B because of GSTN Cancellation. The current writ petition seeks to overturn Exhibit P-14, which instructs the petitioner to immediately pay the interest […]
What is GST Compliance? In the ever-changing world of taxation, businesses face different kinds of barriers to ensuring adherence to Goods and Services Tax (GST) regulations. GST, a comprehensive indirect tax imposed on the provision of goods and services, has become a fundamental aspect of financial operations worldwide. This article delves into the fundamentals of […]
The Punjab and Haryana High Court, in the matter of M/s. Deepak Sales Corporation v. Union of India [CWP No. 283 of 2023 dated September 21, 2023], has passed a writ petition appeal. The court ruled that the demand for interest and fine cannot be sustained if the inaccurately claimed credit is reversed and the […]
Nearly Rs 1600 cr as GST has been paid by the Indian subsidiaries of as many as 80-90 multinational corporations (MNCs) together on the claimed services from the offshore pertinent companies. In the former months, the taxes filed via MNCs are towards the transactions incurred between FY18 and 22. Before distinct MNCs in the past […]
The Indian government enacted the Goods and Services Tax Act on March 29, 2017, which took effect on July 1 of the same year. This act stands as the singular domestic indirect tax law applicable across the country, known as the Goods and Services Tax (GST). GST is a comprehensive tax imposed on both goods […]
The government is now considering exempting vouchers or gift cards from the collection of goods and services tax (GST), with the aim of addressing the issue of double taxation in some situations. Many retailers provide customers with vouchers or gift cards that may be exchanged for their products. As per the sources acquainted with the […]
UltraTech Cement has announced that it has received an order from the Assistant Commissioner, CGST & C. Ex Division 3, Bhavnagar, demanding a payment of Rs. 1.14 crore for Goods and Services Tax (GST), along with interest and penalties which is equal to the demand payment. The demand is related to an alleged non-payment of […]
This post discusses some of the basic effective strategies which are helpful for GST officials. They can be used to prevent input tax credit fraud. This technique provides a complete process for handling and determining possible fraudulent actions related to claiming ITC, which can assure tax compliance and save the integrity of the GST system. […]
The Patna High Court in its ruling has given relief to M/s Cohesive Infrastructure Developers Pvt. Ltd, the petitioner, in an issue of Goods and Services Tax (GST). The division bench including Chief Justice K. Vinod Chandran and Justice Rajiv Roy permitted the writ petition filed under Article 226 of the Constitution of India, aiming […]
