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The High Court of Jharkhand in a ruling carried that the stagnant approach of filing plea u/s 107 of Central Goods and Service Tax (CGST), Act 2017 to the appellate forum post 1 year and 20 days delay shall not be considered and kept the GST registration cancellation. The applicant, M/s. Marang Buru Trust asked […]
The Madras High Court in a significant verdict, carried the authority of the State Goods and Services Tax (GST) authorities to restrict the electronic credit ledger (ECL) of firms discovered incorrectly claiming GST input tax credit (ITC) until investigations are concluded. “This Court is of the considered view that the negative blocking is well within […]
Circular No. 239/33/2024-GST, dated December 4, 2024, has been issued by the Central Board of Indirect Taxes and Customs (CBIC) amending the provisions for the adjudication of the Show cause notices furnished via the officers of the Directorate General of Goods and Services Tax Intelligence (DGGI). Authority has been provided to the Additional Commissioners and […]
The Punjab Textile Merchant Association has asked Punjab Finance Minister Harpal Singh Cheema to counter-urged amendments to the Goods and Services Tax (GST) on garments at the forthcoming 55th GST Council meeting. The association members in a letter to Cheema emphasized their concerns towards the surge in GST rates. The proposals comprise of raising the […]
The Allahabad High Court rendered the State Goods and Service Tax Authorities to not take action towards any assessment year in which the Central Goods and Service Tax Authorities have taken action earlier. The applicant has approached the HC under Article 226 of the Constitution of India against the measures taken via the State and […]
The state witnessed a 62.93% growth in net GST (goods and services tax) collection during November 2024 compared to the related period last year, Punjab Finance, planning, excise, and taxation minister Harpal Singh Cheema mentioned. Cheema in a statement cited that the total net GST collection up to November this fiscal year shows an increase […]
In November gross GST collections have risen 8.5 percent to over Rs 1.82 lakh crore on higher revenues from domestic transactions. Rs 34,141 crore, is the Central GST collection, State GST at Rs 43,047 crore, Integrated IGST at Rs 91,828 crore, and cess at Rs 13,253 crore, as per the government’s data. In November Rs […]
It was cited by the Madras HC that the limitation period for contesting the assessment orders u/s 107 of the GST Act commences from the date of rejection of the rectification application filed u/s 161. The Bench of Justice K. Kumaresh Babu marked that “………the period of limitation for challenging the order of assessment shall […]
The time extension notification on 24.04.2023 extending the time duration to pass the order u/s 73(9) and 73(10) of the Uttar Pradesh Goods and Service Tax Act, 2017 will apply solely from 31.03.2023 and not before that, the Allahabad High Court carried. Section 73 provides the authority to the proper officer to pass the order […]
