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In June the gross GST collection surged 8% to Rs 1.74 lakh crore. The government has stopped the official release of monthly GST collection data. Till now the gross Goods and Services Tax (GST) collection this fiscal (April-June) stood at ₹ 5.57 lakh crore, as per the report. The June collection is more compared to […]
The High Court of Karnataka stated that the Goods and Services Tax Act does not require goods transporters to strictly follow the route map provided to them for delivering goods. The court set aside the penalty imposed by the State Commercial Tax authorities on a transporter for a truck driver’s route map violation. No critical […]
A Goods and Services Tax (GST) demand order has been set aside by the Madras High Court and asked the respondent to reconsider the case, allotting the applicant a personal hearing on the foundation that the order was held with no reason and losses to acknowledge the response of the applicant. The plea aimed to […]
In a survey, it was discovered that Indian Inc.’s confidence in Goods & Services Tax (GST) has increased to 84 per cent in 2024 as against 72 per cent in 2023. The survey took place when the new indirect tax regime was set to complete 7 years ago. This positive opinion is reflective of supply […]
The GST council as part of taxpayers friendly decision suggested the exemption of interest and penalty for the matters of tax demand remarked that have been sent u/s 73 of the GST act, Finance Minister Nirmala Sitharaman expressed after the meeting. Nirmala Sitharaman expressed that in the matter of demand notices issued for 2017-18, 2018-19, […]
The Bombay High Court in a ruling addressed the problem of routine arrests under GST allegations. The matter of Mahesh Devchand Gala vs Union of India brought to light the arbitrary detention practices of authorities, pressing the court to grant interim bail to the applicant. The applicant, Mahesh Devchand Gala, approached the Bombay High Court […]
If a person has income from a business in India, then he must understand the ITR filing requirements for business income to avoid interest and penalties. Business Income and ITR Filing: What You Must Learn In this blog post, we’ve broken down the key points into an easy-to-follow checklist below. Income Tax Return (ITR) Form […]
On 22nd June, the 53rd meeting of the GST council was conducted. To refine the tax rates and service exemptions under the GST regime, various recommendations were made in the meeting. Union Finance Minister Nirmala Sitharaman addressed the meeting and deliberated on distinct proposals to facilitate GST applicability for goods and services. Key Updates on […]
A reconsideration of the matter has been ordered by Madras HC on a 10% pre-deposit condition concerned with the mismatch between GSTR 3B and GSTR 2A, following a failure to respond to the Show Cause Notice ( SCN ). The applicant, Crystal Granites contested the order because the show cause notice and the impugned order […]
