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As the adjournment request of the applicant was disregarded and no chance was provided, the Madras High Court quashed the Goods and Services Tax (GST) demand order. The applicant, Sri Nallamal Steels received SCNs on 05.02.2024 regarding diverse financial years, except for 2021-2022, with a due date for reply by 07.02.2024. Even after the applicant’s […]
Directorate General of GST Intelligence (DGGI) in another drive to curb the GST leakages in distinct sectors learned about enrolling 41 cases against the pharma majors in the country in FY24. DGGI said that pharma companies have evaded GST on account of brand transfer sales availing the bogus ITC on expired drugs, taking fake GST […]
The Madras High Court in a ruling held that the Advance tax unutilized under the Value Added Tax (VAT) or Tamil Nadu VAT (TNVAT) has been permitted to be transitioned under Section 140 of the Tamil Nadu Goods and Services Tax Act, 2017 (TNGST). A Single bench of Justice C. Saravanan, the language of Section […]
The Madras High Court directed reconsidering the issue of Input Tax Credit (ITC) under Goods and Services Tax (GST) reversed as of the discrepancy in GSTR 3B returns and GSTR 2A. On the condition of 10% pre-deposit, the order was set aside. The applicant, Rishab Industries is engaged in wholesale and retail trading of plastic […]
The Gujarat bench of the Authority for Advance Ruling (AAR) held that the Goods and Service Tax Input Tax Credit (ITC) was restricted to the cost of employer for canteen facility, apart from the employees contributions. The petitioner, M/s Kohler India Corporation Pvt. Ltd. is manufacturing plumbing products for kitchens & bathrooms. Their manufacturing facility […]
The Supreme Court has asked the centre that during the investigation do not use “threat and coercion” against traders for recovery of Goods and Services Tax (GST) and instead convince them to clear the dues voluntarily. No provision is there under the law which authorises the authorities to exert force for payment of outstanding dues, […]
FM Nirmala Sitharaman dismissed the fact that increasing goods and services tax (GST) collections only provides an advantage before the Centre. She elaborated that the indirect tax system increases the revenue of the state by nearly Rs 9 trillion between 2018-19 and 2022-23 compared to the amounts that have been collected via the before subsumed […]
The petitioner via opting to pay the GST at a lower rate by not claiming the ITC on the goods and services used in his supplies has renounced his right to claim for the input tax credit, the Telangana Authority of Advance Ruling (AAR) mentioned. The bench of S.V. Kasi Visweswara Rao and Sahil Inamdar […]
In a measure to stringent the Goods and Services Tax ( GST ) net, India’s Revenue Secretary, Sanjay Malhotra, is taking the helm in a measure complying with a rise in the tax collections. The same conduct is towards the rise in a record-breaking Rs 2.10 lakh crore collected through GST collection in April 2024, […]
