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The Central Board of Indirect Taxes has revised the norms for maintaining the record for aircraft operations with immediate effect. This makes it obligatory for every aircraft operator to transfer passenger data 24 hours before departure time and at wheels-off time. Previously the aircraft operators could transfer data either within 24 hours of departure or […]
The Central Board of Indirect Taxes & Customs (CBIC), quoting the GST council’s suggestions, has ‘regularised’ past show cause notices for tax demand issued to foreign airlines. It furnished a circular for the GST applicability of Preferential Location Charges (PLC) for residential or commercial properties. The board on the concepts of ‘as is’ and ‘as […]
The Directorate General of GST Intelligence (DGGI) discovered the insurance companies breaching GST rules. Anil Kumar Gupta Principal DG of DGGI, cited that these companies have not been paying GST on services furnished before the employees in SEZ (Special Economic Zone) units. He cited that the same services does not get a GST exemption. It […]
The GST department’s Adjudicating Authority (AA) in relief for Tata Sons has dismissed a GST demand of over Rs 1500 crore to the company for a settlement deal with Docomo. The order of AA will act as a precedent for the companies involved in arbitration. There is an option of contesting for the department before […]
The Himachal Pradesh High Court said that the State and Central Governments have expanded the identical powers under the CGST and SGST Act and if any officer has begun proceedings then it cannot be transferred to another and he would be needed to issue process under the Act and ended logically. The Bench of Justice […]
Post-closing the pre-show cause notice for Infosys pertinent to FY 2017-18, the investigation officials will analyze whether full ITC was claimed towards the expenses made via the overseas branch offices from FY19 to FY22. A procedure to solve the issuance of the notices to Infosys along with the foreign airlines and shipping council is anticipated […]
Over 20,000 notices have been issued by the investigation arm of the GST authority all across India for the AY 2017-18 to AY2021-22, which comprises of tax demand of over Rs 80,000 crore, under the estimation. For distinct issues, the Directorate General of GST Intelligence has furnished the notices along with the alleged shortfalls in […]
The Bombay High Court has quashed a Rs 2,237-crore GST demand raised against the company, Larsen & Toubro said. A Writ Petition by the Company was filed on August 14, 2023, in the Bombay High Court against the Show Cause Notice (SCN) issued by the Principal Commissioner of GST and Service Tax, Mumbai towards Service […]
Gujarat has found a staggering Rs 52,394 crore in GST evasion since the start of the Goods and Services Tax (GST) in 2017. In the Parliament the union finance ministry has shown the data, it is from the duration 2017 to June 2024. Issues continued to be faced by the state and central GST departments […]
