The vulnerabilities in the system prompted the High Court to intervene and rectify the injustice caused by technical glitches in this case. Mr. Rohit Gupta, representing Polytec Industries, contested in the High Court, against an order from the Delhi Goods …
The six-page SOP provides clear instructions to DGGI officials on their conduct during various stages of tax investigations, including summons and searches. The Central Board of Indirect Tax and Customs (CBIC) has rolled out a new standard operating procedure (SOP) …
Delhi High Court ruling for Pedersen Consultants India Pvt Ltd The Delhi High Court has directed the timely application for GST refunds, following section 54 of the CGST Act, 2017. This ruling comes after the exclusion of the period between …
Rule 21A(4) dictates that if the proper officer fails to decide on the SCN within 30 days, the suspension is deemed to be revoked. In a recent ruling by the Punjab and Haryana High Court, in case of Shri Balaji …
The complainant, in a handwritten note submitted to the CBI, detailed how the officials asked for a bribe to resolve the issue. In a recent development, the Central Bureau of Investigation (CBI) has taken action against three GST officials for …
The Justice suggested that, arrested individuals should generally be granted bail, reflecting the legislative intent. SC Justice Urges Caution by GST Authorities: Encouraging GST authorities to exercise careful consideration and thorough examination before proceeding with the arrest of businessmen for …
The High Court emphasized that these hostels fall under the category of “exclusively residential purpose,” as per a 2017 notification of the central government. In a recent ruling by the Madras High Court, hostels renting rooms exclusively to girl students …
The Court highlighted that a civil suit needs to be filed as per Rule 11(6) of 2nd Schedule of Income Tax Act, by the party against whom the attachment order has been issued, to establish their rights over the disputed …
Exit load is a fee levied by Mutual Fund firms when investors redeem or sell their units before the lock-in period expires. In a recent development, the Directorate General of Goods and Services Tax Intelligence (DGGI) has issued show-cause notices …
This demand of Bribe was made by the Deputy Commissioner in exchange for refunding GST worth ₹20 lakh belonging to the firm “ARDEM Data Services Private Limited In a recent development, a vigilance team in Uttar Pradesh made a significant …
Discover the latest from the Orissa High Court’s stay on demands related to Input Tax Credit (ITC) under GST laws. M/s. OSL Securities Limited challenged the constitutionality of Section 16(2)(c) of the OGST/CGST Act. In a recent development, the Orissa …
Circular of MoF in 2014 Allows ad hoc Exemption of GST on Imported Goods, to be evaluated on a case-by-case basis, specifically for GST payable on imported medicines aimed at treating individuals grappling with life-threatening illnesses In a recent development, …
Last Date to Opt Composition Scheme for FY 2024-25 is 31 March 2024 The GST Composition Scheme offers a simplified tax structure for eligible taxpayers with a turnover within specified thresholds. Existing GST taxpayers can apply to avail this scheme …
This move by the RBI aims to stabilize liquidity levels amidst the anticipated drain due to tax payments, ensuring banks have enough funds to smoothly navigate the financial landscape. The Reserve Bank of India (RBI) injected a hefty sum of …
The Central Board of Indirect Taxes and Customs (CBIC) Directs DGGI Officials to Adopt Bottom-Up Approach in GST Investigations of MNCs, Avoiding Immediate Summons for CEOs/CFOs/Directors CBIC Directive to DGGI Officials: The Central Board of Indirect Tax and Customs (CBIC) …
IIT-Hyderabad has affirmed its commitment to extending all possible support to the Commercial Taxes officials throughout the investigation process IIT-Hyderabad Support in GST Scam: The Indian Institute of Technology, Hyderabad (IIT-H) has announced its commitment to assisting Telangana Commercial Taxes …
Penalty Order was Overturned by the High Court Because the Vehicle Number was Updated in Part B of the GST e-way bill, but not in the Bilty. The Allahabad High Court, in case of Abhishek Sales vs State of UP …
The Delhi High Court has quashed the GST demand of Rs. 8.23 crore imposed on Max Healthcare [Case No. W.P.(C) 3355/2024 & CM APPLs. 13818-20/2024], highlighting a failure to consider the merits of the case. A bench comprising Justice Sanjeev …
GSTN Advisory 626: Successful Integration of e-Way Bill System with 4 Newly Introduced IRPs Empowering Taxpayers to Generate E-Way Bills alongside E-Invoicing In a recent update, the Goods and Services Tax Network (GSTN) has introduced a significant enhancement through Advisory …
The committee noted that a ₹100 per tonne increase in coal price leads to a rise in power costs by around ₹0.06 per unit. Thus, the GST compensation cess alone increases the price by approximately ₹0.24 per unit. An Inter-ministerial …