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Various large companies that obtained the GST demand notices intend to file a petition with the appellate authority. A rise in the number of GST notices has been sent before distinct companies, particularly on account of the alleged differences in the ITC. ICICI Lombard General Insurance Company Limited, received an order from the Additional Commissioner, […]
The Jharkhand High Court in its ruling has allowed the filing of an application for revocation of cancelled GST registration, despite the expiration of the limitation period. The decision derived from a petition furnished via a proprietor aggrieved by the dismissal of their petition u/s 107 of the Central Goods and Services Tax Act, 2017 […]
Audits of businesses under the indirect tax regime from this financial year are jointly conducted by Central and state goods and services tax (GST) officials, a relief for taxpayers since it will remove duplicate notices and dual investigations. According to industry assessments, there are approximately 11,000 such cases of dual investigation by both the central […]
The Andhra Pradesh Authority for Advance Ruling (AAR) held that Goods and Services Tax is leviable at 18% ( 9% Central Goods and Services Tax + 9% State Goods and Services Tax ) on brokerage charges by brokers, even when the produce is agricultural or exempt. The petitioner, M/s Gayatri Enterprises is a Commissioning Agent/Broker […]
The Goods and Services Tax ( GST ) Assessment order is quashed by the Madras High Court asking for the tax liability stating the discrepancy indicated in GSTR-3B and GSTR 2A/2B with a condition directing the applicant to remit 10% of disputed tax liability. The GST assessment order is contested by the Petitioner Subh Sri […]
Is an employee of a company liable for forking the penalties concerned with the tax demands raised on the company by revenue authorities? Goods and Services Tax (GST) enforcement officials acknowledged the same at the time they punched a demand last September for a ₹3,731 crore penalty on a taxation manager and other employees of […]
Madras High Court in a significant ruling, observed that the order passed referring to Section 144(C)(1) of the Income Tax Act, 1961 is to be construed only as a draft assessment order. The petitioner’s case is that the petitioner filed an income return dated 09.03.2022 and subsequently filed revised returns dated 31.03.2022. Since variation in […]
A GST notice worth Rs 23.26 cr for the FY 2018-19 has been received by Zomato from Karnataka tax authorities, the company mentioned in a regulatory filing. The order mandates a Goods and Services Tax payment of Rs 11,27,23,564, including additional interest and penalty charges totalling Rs 23,26,64,271, as per the filing. “According to Regulation […]
A detailed standard operating method for officials of the Directorate General of GST Intelligence (DGGI) is been approved by the Central Board of Indirect Tax and Customs (CBIC) accompanying certain instructions for their conduct at the time of the tax investigation, summons, and searches to rectify the simplicity of business procedure and to avert any […]
