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Several infrastructure firms are poised to pursue legal action following the Goods and Services Tax Council’s decision to impose an 18% GST on corporate guarantees provided by holding companies to their subsidiaries. Reports suggest that numerous major infrastructure companies are gearing up to lodge writ petitions in the Supreme Court, aiming to challenge and review […]
The Goods and Services Tax Network (GSTN) has issued a notice advising the implementation of Two-factor authentication (2FA) on the GST portal nationwide starting December 1st, 2023. According to the advisory: To enhance the security of the GST portal, GSTN will introduce two-factor authentication (2FA) for taxpayers. The initial rollout of 2FA has been successfully […]
The Delhi High Court has ruled that the Goods and Service Tax (GST) registration cancellation, once reversed on the same grounds, is not legally valid. The petitioner in the case, M/S Samayshristi Enterprises, questioned the decision taken by the respondent, which cancelled their GST registration effective from the registration date, 20.03.2021. The cancellation order was […]
The Allahabad High Court has ruled that tax cases involving undisputed facts and issues of jurisdiction and breath of natural justice should not be referred to the authorities. The court stated that cases complying with minimum statutory requirements are usually referred to alternative forums for remedies. A bench consisting of Justice Saumitra Dayal Singh and […]
In the case of M/S. Vaidhe Stainless Steel Vs. Union of India Through Its Secretary Ministry of Finance, the Delhi High Court has released an order declaring the Bank Account Attachment instructions given under section 83 of the GST Act ineffective after the expiry of one year. Key Details From the Judgment The petitioner has […]
The Goods and Services Tax (GST) implementation rate structure, which was slightly below the measured revenue neutral rate (RNR), has raised concerns among public finance commentators, including the Reserve Bank of India and the 15th Finance Commission on the grounds of measurement and decreasing to below that level. Over the years, there have been several […]
The Allahabad High Court ruled that once an e-way bill is generated by the taxpayer and not cancelled within the time specified in the Goods and Service Tax Act, 2017, the movement of goods and legitimacy of the transaction cannot be contested by the Department. Justice Piyush Agrawal, while nullifying the penalty order issued under […]
Here are three important changes under GST law that have come into effect from 20th October 2023 that will affect your input tax credit availability. Cab Rental Services for Passengers In the services, the condition has been inserted via renting any motor vehicle designed to carry the passengers in which the fuel cost is been […]
Under Section 11 of the Income Tax Act, 1961 the income tax appellate tribunal (ITAT) Chennai bench ruled that exemptions must not be allotted when the activities of the trust are like trade, commerce, or business. The Taxpayer, SAE India, was registered Under Section 12AA of the Income Tax Act, 1961 from AY 2004-05 onwards. […]
