https://www.thehindubusinessline.com/opinion/editorial/tax-overreach/article68492365.ece lipped from: https://www.thehindubusinessline.com/opinion/editorial/tax-overreach/article68492365.ece GST Directorate tax demand on Infosys absurd The Directorate General of GST Intelligence (DGGI) has whipped up a storm by slapping a
Category: GST
No more GST notices for FY18: CBIC eases norms for foreign firms – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/no-more-gst-notices-for-fy18-cbic-eases-norms-for-foreign-firms/article68493382.ece Clipped from: https://www.thehindubusinessline.com/economy/no-more-gst-notices-for-fy18-cbic-eases-norms-for-foreign-firms/article68493382.ece The June 26 circular shifts focus to practical valuation norms and clearer ITC guidelines Companies with head offices or branches abroad will
GST Tweaks And Plugging Customs Leaks: What The Budget Had In Store From An Indirect Tax Perspective – Budget 2024 News | The Financial Express
https://www.financialexpress.com/budget/gst-tweaks-and-plugging-customs-leaks-what-the-budget-had-in-store-from-an-indirect-tax-perspective-3563821/ Clipped from: https://www.financialexpress.com/budget/gst-tweaks-and-plugging-customs-leaks-what-the-budget-had-in-store-from-an-indirect-tax-perspective-3563821/ The Budget introduced a comprehensive review of the customs duty structure over the next six months to simplify rates, ease trade, and
GST suppliers giving discounts must ensure undertaking from client: CBIC | Economy & Policy News – Business Standard
https://www.business-standard.com/economy/news/gst-suppliers-giving-discounts-must-ensure-undertaking-from-client-cbic-124062700654_1.html Clipped from: https://www.business-standard.com/economy/news/gst-suppliers-giving-discounts-must-ensure-undertaking-from-client-cbic-124062700654_1.html Currently, there is no mechanism to track whether the Input Tax Credit (ITC) on such discounts has been reversed or not The
Tax rates changed for goods & services – Check what gets cheaper and costlier – Budget 2024 News | The Financial Express
https://www.financialexpress.com/budget/gst-council-meet-tax-rates-changed-for-goods-amp-services-check-what-gets-cheaper-and-costlier-3532162/ Clipped from: https://www.financialexpress.com/budget/gst-council-meet-tax-rates-changed-for-goods-amp-services-check-what-gets-cheaper-and-costlier-3532162/ The Council has exempted the purchase of railway tickets and payments for waiting room and cloak room charges from GST. The Council
Prioritise reforms in GST rates, procedures – The Hindu BusinessLine
https://www.thehindubusinessline.com/opinion/editorial/prioritise-reforms-in-gst-rates-procedures/article68316462.ece Clipped from: https://www.thehindubusinessline.com/opinion/editorial/prioritise-reforms-in-gst-rates-procedures/article68316462.ece Bring alcohol and fuel into GST ambit; shun punitive approach to mopping up taxes Nearly seven years after its inception, there can
Centre anticipates Rs 70k crore GST cess surplus from ‘sin’ goods | Economy & Policy News – Business Standard
https://www.business-standard.com/economy/news/centre-anticipates-rs-70k-crore-gst-cess-surplus-from-sin-goods-124062200482_1.html Clipped from: https://www.business-standard.com/economy/news/centre-anticipates-rs-70k-crore-gst-cess-surplus-from-sin-goods-124062200482_1.html The surprise surplus is attributed to impressive revenue generation from taxes on the so called “sin” goods like pan masala, cigarettes To
7 years of GST: Balancing tech & transformation | Expert Views – Business Standard
https://www.business-standard.com/opinion/columns/7-years-of-gst-balancing-tech-transformation-124062000019_1.html Clipped from: https://www.business-standard.com/opinion/columns/7-years-of-gst-balancing-tech-transformation-124062000019_1.html The time has come to usher in GST 2.0 Seven years on, the goods and services tax (GST) has cemented its place
👍👍👍👍👍Credit notes and Debit notes under GST
https://taxguru.in/goods-and-service-tax/credit-notes-debit-notes-gst.html Clipped from: https://taxguru.in/goods-and-service-tax/credit-notes-debit-notes-gst.html Introduction: In the world of GST (Goods and Services Tax), credit notes and debit notes play a crucial role in ensuring accuracy and
👍👍👍👍👍GST: Provisional attachment must be on a genuine apprehension that taxpayer may evade liabilities
https://taxguru.in/goods-and-service-tax/gst-provisional-attachment-genuine-apprehension-taxpayer-evade-liabilities.html Clipped from: https://taxguru.in/goods-and-service-tax/gst-provisional-attachment-genuine-apprehension-taxpayer-evade-liabilities.html Patil Construction & Infrastructure Ltd. Vs Commissioner of State Tax & Ors. (Bombay High Court) Bombay High Court held before powers under
👍👍👍👍👍👍👍Service of notice gets affected when sent to correct address by registered post
https://taxguru.in/company-law/service-notice-gets-affected-sent-correct-address-registered-post.html Clipped from: https://taxguru.in/company-law/service-notice-gets-affected-sent-correct-address-registered-post.html Mukund Rajhans Vs Rajasthan Patrika Private Limited (NCLAT Delhi) In the case of Mukund Rajhans vs. Rajasthan Patrika Private Limited, the National Company
Using GST as consumption proxy | Expert Views – Business Standard
https://www.business-standard.com/opinion/columns/using-gst-as-consumption-proxy-124060301158_1.html Clipped from: https://www.business-standard.com/opinion/columns/using-gst-as-consumption-proxy-124060301158_1.html Unlike private consumption data, GST can provide real-time insights into consumption patterns, economic activity, and state-wise variations Illustration: Binay Sinha Last financial
👍👍👍No recovery proceedings initiation within 3 months of issuance of Order
https://taxguru.in/goods-and-service-tax/recovery-proceedings-initiation-3-months-issuance-order.html Clipped from: https://taxguru.in/goods-and-service-tax/recovery-proceedings-initiation-3-months-issuance-order.html Introduction: The recent ruling by the Hon’ble Madras High Court in Tvl. Cargotec India (P.) Ltd. v. Assistant Commissioner sheds light on the
👍👍👍👍👍Input Tax Credit (ITC) Regulations: Insights and Legal Perspectives
https://taxguru.in/goods-and-service-tax/input-tax-credit-itc-regulations-insights-legal-perspectives.html Clipped from: https://taxguru.in/goods-and-service-tax/input-tax-credit-itc-regulations-insights-legal-perspectives.html 1. Introduction to Input Tax Credit (ITC) A registered person is eligible to claim Input Tax Credit (ITC) on the supply of goods
👍👍👍👍👍GSTR-2B vs GSTR-3B: Is Buyer Responsible for Supplier’s Conduct?
https://taxguru.in/goods-and-service-tax/gstr-2b-vs-gstr-3b-buyer-responsibility-supplier-conduct.html Clipped from: https://taxguru.in/goods-and-service-tax/gstr-2b-vs-gstr-3b-buyer-responsibility-supplier-conduct.html GST has been prevailing in India since 1st July, 2017 constituted under article 246A of the Indian Constitution. Broadly, the prominent motive of
Interest allowable on delayed refunds of GST Input Tax Credit: Telangana HC
https://taxguru.in/goods-and-service-tax/interest-allowable-delayed-refunds-gst-input-tax-credit-telangana-hc.html Clipped from: https://taxguru.in/goods-and-service-tax/interest-allowable-delayed-refunds-gst-input-tax-credit-telangana-hc.html Qualcom India Private Limited Vs Deputy Commissioner (ST)(FAC) and Ors. (Telangana High Court) Introduction: The Telangana High Court recently addressed the issue of
👍👍👍👍👍Delhi HC Invalidates GST Order for Lack of Consideration of Petitioner’s Reply
https://taxguru.in/goods-and-service-tax/delhi-hc-invalidates-gst-order-lack-of-consideration-petitioners-reply.html Clipped from: https://taxguru.in/goods-and-service-tax/delhi-hc-invalidates-gst-order-lack-of-consideration-petitioners-reply.html RPJ Polymers Vs Union Of India & Ors (Delhi High Court) RPJ Polymers, the petitioner, challenged an order dated 28.12.2023 issued under
👍👍👍👍👍Improper service of Section 148 notice renders assessment order invalid
https://taxguru.in/income-tax/improper-service-section-148-notice-renders-assessment-order-invalid.html Clipped from: https://taxguru.in/income-tax/improper-service-section-148-notice-renders-assessment-order-invalid.html Mandeep Malli Vs ACIT (ITAT Amritsar) The Income Tax Appellate Tribunal (ITAT) Amritsar presided over the case of Mandeep Malli vs. ACIT,
👍👍👍👍👍GST Assessment Order Invalid if Reply to Notice Ignored: Madras HC
https://taxguru.in/goods-and-service-tax/gst-assessment-order-invalid-reply-notice-ignored-madras-hc.html Clipped from: https://taxguru.in/goods-and-service-tax/gst-assessment-order-invalid-reply-notice-ignored-madras-hc.html Imperial Shipping Service Vs Assistant Commissioner (ST) (Madras High Court) In a significant ruling, the Madras High Court has set aside a
