Tentative CBI Probe on Officials involved in Alleged Compromised Investigations: A Step to Combat Tax Evasion CBI Probe on Officials: In the ongoing battle against tax evasion, concerns have been raised over substantial losses incurred by the government due to …
Bombay HC Granted Bail to Individual Accused of 144 Cr GST Evasion In a recent development, the Bombay High Court has granted a bail on 25 January 2024 to an individual accused of evading Rs. 144 crores in Goods and …
Adjustments and Compliance Requirements on Issue of Credit Notes under GST In the realm of Goods and Services Tax (GST), managing credit-note efficiently is crucial for both suppliers and recipients. This article delves into the treatment of credit-notes under GST, …
Court Dismissed the Recovery Proceedings and Quashed the Interest Recovery Notice Interest Should not be Charged for Late Filing of Return if GST is Paid on Time: In a recent ruling, the Madras High Court has clarified that tax assessees …
CBIC Chairman Advises that SCNs Should be Based on a Thorough Examination of Facts and Relevant Documents The Central Board of Indirect Taxes & Customs (CBIC) is urging caution among its officers to avoid the reckless issuance of show cause …
Court Rejected AAAR Stance that ‘Time of Supply’ is Solely Determined by the Date of Issuance of the Gift Voucher The Madras High Court has recently provided crucial clarity on the applicability of Goods and Services Tax (GST) on gift …
Retrospective Cancellation of GSTIN should not Cover the Period when Taxpayer was Compliant and Filed the Returns Legality of Retrospective Cancellation Only Due to Non-filing of Returns: In a recent ruling on 18 January 2024, the Delhi High Court, in …
Court Directed the State Commercial Taxes Department to Refund the Forcibly Collected Tax Within a Two-week Period Patna High Court Order: In a landmark ruling on January 15, 2024, the Patna High Court slapped a Rs 5,000 fine on a …
New Functionality Developed to Address Failure in Furnishing Bank Account Details by Registered Persons within Stipulated Deadline under CGST Rule-10A: GST Advisory In a recent update on January 23, 2024, the Goods and Service Tax Network (GSTN) has released Advisory-623, …
FIR Filed Against 5 GST Officials for Demanding 5 Crore Bribe from Ghaziabad Based Businessman In a recent development, Ghaziabad police have registered an FIR against five officials from the Directorate General of Goods and Services Tax Intelligence (DGGI) for …
Ways and Significance of Verifying validity of SCNs and Orders Issued under GST Verifying Validity of SCNs & Orders: Maintaining tax compliance in the realm of Goods and Services Tax (GST) is crucial, and businesses must prioritize the verification of …
Allahabad High Court Ruling: Vehicle Seizure Without Notice Infringes Civil Rights of the Transporter Legality of Seizure of vehicles without Notice: In a landmark judgment on January 9, 2024, the Allahabad High Court, in the case of Akbar Ali Transport …
GST Advisory: Introduction of New Modes of GST Payment by Debit Card/Credit Card/UPI Advisory 622: In a significant move towards digitalization and simplified tax processes, the Goods and Services Tax (GST) system has introduced an innovative feature, allowing taxpayers to …
Orissa HC Advices for Approaching Appropriate Tribunal when GST Department fails to Comply CESTAT Directives In a recent development, the Orissa High Court has underscored the significance of approaching the appropriate tribunal for redressal in matters related to the Goods …
GST Council Relinquished the Authority to Levy GST on ENA Outside the GST Ambit Liquor companies are eagerly awaiting clarity on the taxation of Extra Neutral Alcohol (ENA) used in distilling alcoholic beverages for human consumption, as the amendment to …
NRAI Urges Government for Restoration of ITC in Budget 2024 In a significant appeal to the government ahead of Union Budget 2024, the National Restaurant Association of India (NRAI) has called for the reinstatement of input tax credit (ITC) for …
Court held that imposing a penalty under Section 129 of the Act is without jurisdiction Penalty u/s. 129 unjustifiable for Typo Error in GST e-Way Bill: In a recent judgment by the Allahabad High Court in case of M/s. Hindustan …
Kerala High Court reaffirms the constitutionality of GST Section 16(2)(c) and CGST Rule 36(4) In a recent development, the High Court of Kerala at Ernakulam, in Case No. WA Nos.1853 & 1857/2023, has upheld the constitutional validity of specific provisions …
GSTN Advisory No.621 Dated. 15 January 2024: Introduction of Table 14 & 15 in Form GSTR-1 In a recent development, the Goods and Service Tax Network (GSTN) issued Advisory No. 621 on dated 15 January 2024 pertaining to introduction of …
Gujarat High court expressed its dissatisfaction with the department’s failure to adhere to the guidelines In a recent development, the Gujarat High Court has summoned three high-ranking officials from the state and central GST departments to address concerns regarding the …