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 …
According to a press release of the Ministry of Finance on 7 March 2024, the Meerut CGST Commissionerate busts a syndicate that fraudulently claimed Input Tax Credit (ITC) of more than Rs. 1,000 crore through a network of 232 fake …
No relaxation in penalty under Section 129 of the GST Act, 2017 for the late submission of GST e-way bills: Allahabad High Court In a recent ruling by the Allahabad High Court, for M/s. Jhansi Enterprises Nandanpura [Writ Tax No.1081/2019], …
The accused, identified as Kunal Mehta alias Goldy and a resident of Haryana’s Hisar, was wanted by the Noida Sector 20 police station for his role in the GST Scam An accused linked to the Noida Police’s investigation into the …
GST evasion typologies, collaborative efforts, and leveraging technology for early detection of potential evaders were the Key topics discussed in the Conference. The first-ever National Conference of Enforcement Chiefs of State and Central GST Formations took place in New Delhi …
P. Sarath, son of a senior TDP Leader arrested by the Machavaram Police under the Vijayawada Police Commissionerate on February 29. The police allege that Sarath, as the former director of Avexa, defrauded the state government of crores of rupees. …
Union Finance Minister Nirmala Sitharaman is poised to inaugurate a pivotal one-day National Conference of Enforcement Chiefs of State and Central GST formations in the heart of New Delhi on Monday, March 4, 2024. This significant event, organized by the …
Maharashtra Anti-Corruption Bureau Books Sales tax Officer and 16 Traders for Rs 175.93 Crore GST Fraud. Charges framed under several sections of PCA and IPC In a significant development, the Maharashtra Anti-Corruption Bureau (ACB) has unearthed a massive Rs 175.93 …
Gauhati HC Ruling: Conducting 2 Similar Proceedings for a same period not permissible under section 6 of CGST/SGST Act In a recent ruling, the Gauhati High Court, in case of Mohan Singh vs UOI [WP(C)/7975/2018], has emphasized that conducting two …
Average monthly gross GST collection for FY 2023-24 is ₹1.67 lakh crore, exceeding ₹1.5 lakh for FY 2022-23; Gross GST collection reaches ₹18.40 lakh crore for FY 2023-24, grows 11.7% Y-o-Y; Net revenue at ₹1.51 lakh crore is up 13.6% …
A startling scam has been uncovered in Uttar Pradesh, revealing a scam where fraudsters exploited hand pumps to claim false refunds using the Inverted Duty Structure (IDS) mechanism under GST. GST Scam Unearthed: Under normal circumstances, taxes on inputs are …
March 2024 is set to bring in a wave of new rules and updates that will impact various sectors, from businesses to road travellers. Stay informed about these changes to ensure a smooth transition into the new financial year. Here …
GSTN Update on clarification about delays in some instances of GST registration despite successful Aadhar authentication aims to provide transparency. Learn about the reasons and processing timelines here. In a recent development, the Goods and Services Tax Network (GSTN) has …
Authorities allege that this person has been orchestrating this GST scam for the past five years In a significant development, a 29-year-old man was arrested from Delhi for his alleged role in a massive GST scam amounting to Rs 10,000 …
GST & CE Superintendent has no Jurisdiction to pass Order Exceeding Rs 10 Lakh: Allahabad High Court In a significant ruling, in case of M/s. Mansoori Enterprises (Writ Tax No. 35/ 2024), the Lucknow bench of the Allahabad High Court …
ITC Claims Should not be Dismissed merely due to Administrative Actions such as the Retrospective Cancellation of Supplier’s GST Registration In a recent ruling on Writ Petition No.3505 of 2024 and W.M.P.Nos.3758 & 3759 of 2024, the Madras High Court …
CGAS deposit is not a mandatory requirement for claiming capital gain deductions, if it has been invested within the prescribed time limit under section 54(1) of the Income Tax Act for the purchase or construction of a new property Relevance …
This GST Fraud came to light when a Noida resident and editor of a media firm lodged a complaint GST Fraud: The Noida police recently took action to attach immovable assets of two individuals from Delhi, following their arrest in …