https://www.business-standard.com/opinion/columns/kudos-to-cbic-for-instructions-on-gst-investigations-124040700659_1.html Clipped from: https://www.business-standard.com/opinion/columns/kudos-to-cbic-for-instructions-on-gst-investigations-124040700659_1.html For issue of summons, prior approval of an officer not below rank of assistant/deputy commissioner must be obtained and relevancy and propriety
Category: GST
👍👍👍👍👍tax notice: Keep taxpayers in the loop before you act: Court to Income Tax dept – The Economic Times
https://economictimes.indiatimes.com/news/india/keep-taxpayers-in-the-loop-before-you-act-court-to-income-tax-dept/articleshow/109098291.cms Clipped from: https://economictimes.indiatimes.com/news/india/keep-taxpayers-in-the-loop-before-you-act-court-to-income-tax-dept/articleshow/109098291.cms Synopsis Quashing a November 2022 show-cause notice against Munjal BCU Centre of Innovation and Entrepreneurship, The Punjab and Haryana High Court said
👍👍👍A reform window: On the GST trajectory – The Hindu
https://www.thehindu.com/opinion/editorial/a-reform-window-on-the-gst-trajectory/article68020253.ece Clipped from: https://www.thehindu.com/opinion/editorial/a-reform-window-on-the-gst-trajectory/article68020253.ece Buoyant GST revenues create a chance to prioritise its overhaul The financial year 2023-24 appears to have ended on a high on
GST collection in March surges to ₹1.78-lakh crore – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/gst-collection-in-march-surges-to-178-lakh-crore/article68016512.ece Clipped from: https://www.thehindubusinessline.com/economy/gst-collection-in-march-surges-to-178-lakh-crore/article68016512.ece This is the second all-time high collection after ₹1.87-lakh crore in April last year Improved compliance coupled with a spur in economic
I-T dept busts network of money changers in GST ITC scam – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/cbic-busts-network-of-money-changer-firms-involved-in-fraudulent-claim-of-input-tax-credit-amounting-1000-crore/article67950698.ece Clipped from: https://www.thehindubusinessline.com/economy/cbic-busts-network-of-money-changer-firms-involved-in-fraudulent-claim-of-input-tax-credit-amounting-1000-crore/article67950698.ece The Income Tax Department has unearthed a network of 232 fake money changing companies and detected tax evasion through fraudulently generated Input
*****Order passed by an authority cannot go beyond scope of show cause notice
https://taxguru.in/corporate-law/order-passed-authority-beyond-scope-show-cause-notice.html Clipped from: https://taxguru.in/corporate-law/order-passed-authority-beyond-scope-show-cause-notice.html CA Sandeep Kanoi 28 Mar 2024 165 Views 0 comment Print Corporate Law | Judiciary Case Law Details Case Name : Ramlala Vs State of U.P. and 4 Others (Allahabad
👍👍👍👍👍ITC Claim Cannot Be Denied merely Due to GSTR-2A, 3B Mismatch: Kerala HC
https://taxguru.in/goods-and-service-tax/itc-claimed-denied-due-mismatch-gstr-2a-gstr-3bkerala-hc-sets-order-philips-auto-agencies.html Clipped from: https://taxguru.in/goods-and-service-tax/itc-claimed-denied-due-mismatch-gstr-2a-gstr-3bkerala-hc-sets-order-philips-auto-agencies.html Philips Auto Agencies (India) Pvt. Ltd. Vs State Tax Officer (Kerala High Court) Introduction: Philips Auto Agencies (India) Pvt. Ltd. approached the Kerala High
👍👍👍👍👍Portal Access Issue: Delhi HC Directs Re-Adjudication for GST Registration Cancellation
https://taxguru.in/goods-and-service-tax/portal-access-issue-delhi-hc-directs-re-adjudication-gst-registration-cancellation.html Clipped from: https://taxguru.in/goods-and-service-tax/portal-access-issue-delhi-hc-directs-re-adjudication-gst-registration-cancellation.html Polytec Industries Through Its Proprietor Mr.Rohit Gupta Vs Commissioner Delhi Goods And Services Tax Trade And Tax Department And Ors (Delhi High
👍👍👍👍👍👍👍Show Cause Notice Under GST Regime- A Comprehensive Analysis
https://taxguru.in/goods-and-service-tax/show-notice-goods-service-tax-regime-comprehensive-analysis.html Clipped from: https://taxguru.in/goods-and-service-tax/show-notice-goods-service-tax-regime-comprehensive-analysis.html INTRODUCTION Show cause notice which is usually termed as SCN is a notice issued by the proper officer to the registered tax
👍👍👍👍👍GST demand cannot be raised based on figures in Profit and Loss Account
https://taxguru.in/goods-and-service-tax/gst-demand-raised-based-figures-profit-loss-account.html Clipped from: https://taxguru.in/goods-and-service-tax/gst-demand-raised-based-figures-profit-loss-account.html Introduction: In a significant ruling, the Madras High Court addressed the issue of whether GST demand can be raised solely based on figures
👍👍👍👍👍👍👍No Reversal of ITC Despite Supplier’s Non-Existence
https://taxguru.in/goods-and-service-tax/reversal-itc-suppliers-non-existence.html Clipped from: https://taxguru.in/goods-and-service-tax/reversal-itc-suppliers-non-existence.html Introduction: The issue of Input Tax Credit (ITC) under the GST regime has been a contentious subject, particularly when suppliers’ registrations are
👍👍👍Whether issuance of pre-SCN intimation is mandatory or optional
https://taxguru.in/goods-and-service-tax/issuance-pre-scn-intimation-mandatory-optional.html Clipped from: https://taxguru.in/goods-and-service-tax/issuance-pre-scn-intimation-mandatory-optional.html W.e.f. 15.10.2020 issuance of pre-SCN intimation is optional. Rule 142(1A) of the Central Goods and Services Tax, Rules, 2017 (CGST Rules, 2017) was substituted
👍👍👍👍👍GST on Contributions to Housing Societies
https://taxguru.in/goods-and-service-tax/gst-contributions-housing-societies.html Clipped from: https://taxguru.in/goods-and-service-tax/gst-contributions-housing-societies.html Introduction The interpretation of Goods and Services Tax (GST) laws regarding contributions to housing societies has been a subject of debate and
👍👍👍GST Registration not to be cancelled based on vague SCN: Delhi HC
https://taxguru.in/goods-and-service-tax/gst-registration-cancelled-based-vague-scn-delhi-hc.html Clipped from: https://taxguru.in/goods-and-service-tax/gst-registration-cancelled-based-vague-scn-delhi-hc.html Introduction In a significant legal precedent, the Hon’ble Delhi High Court recently rendered a crucial verdict regarding the cancellation of GST registrations based
👍👍👍ITC Not Denied for Genuine GST Filing Errors Without Revenue Loss
https://taxguru.in/goods-and-service-tax/itc-denied-genuine-gst-filing-errors-revenue-loss.html Clipped from: https://taxguru.in/goods-and-service-tax/itc-denied-genuine-gst-filing-errors-revenue-loss.html The recent verdict by the Hon’ble Bombay High Court in the case of NRB Bearings Ltd. v. Commissioner of State Tax [Writ Petition
👍👍👍Maintenance Charges collected by Residential Welfare Associations exceeding Rs.7,500 per month fully Taxable under GST at 18%: AAR
Clipped from: https://www.taxscan.in/maintenance-charges-collected-by-residential-welfare-associations-exceeding-rs-7500-per-month-fully-taxable-under-gst-at-18-aar-read-order/383512/ The West Bengal Authority for Advance Ruling ( AAR ), has made a clarification regarding the taxation of maintenance charges levied by Residential Welfare Associations
👍👍👍👍👍Contributions to Sinking Fund of Residential Welfare Associations by its members deemed Advance Payments for Future Services, liable to 18% GST: AAR
Clipped from: https://www.taxscan.in/contributions-to-sinking-fund-of-residential-welfare-associations-by-its-members-deemed-advance-payments-for-future-services-liable-to-18-gst-aar-read-order/383493/ The West Bengal Authority for Advance Ruling ( AAR ) has held that the contributions made by members to the sinking fund of
I-T dept busts network of money changers in GST ITC scam – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/cbic-busts-network-of-money-changer-firms-involved-in-fraudulent-claim-of-input-tax-credit-amounting-1000-crore/article67950698.ece Clipped from: https://www.thehindubusinessline.com/economy/cbic-busts-network-of-money-changer-firms-involved-in-fraudulent-claim-of-input-tax-credit-amounting-1000-crore/article67950698.ece The Income Tax Department has unearthed a network of 232 fake money changing companies and detected tax evasion through fraudulently generated Input
E-way bill surge signals potential GST revenue boost – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/e-way-bill-generation-surged-new-second-all-time-high-in-february/article67949469.ece Clipped from: https://www.thehindubusinessline.com/economy/e-way-bill-generation-surged-new-second-all-time-high-in-february/article67949469.ece Higher e-way bill generation suggests improved compliance and economic activity, potentially impacting GST collection positively, with mixed perceptions on effectiveness E-way bill generation
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