https://www.business-standard.com/companies/news/gst-officers-detect-over-29-000-bogus-firms-involved-in-fake-itc-claims-124010700670_1.html Clipped from: https://www.business-standard.com/companies/news/gst-officers-detect-over-29-000-bogus-firms-involved-in-fake-itc-claims-124010700670_1.html Maharashtra topped the list with 926 bogus firms detected, followed by Rajasthan (507), Delhi (483) and Haryana (424) Representational Image Listen to
Category: GST
E-way bills without e-invoice details for B2B, B2E transactions to be blocked from March 1 – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/e-way-bills-without-e-invoice-details-for-b2b-b2e-transactions-to-be-blocked-from-march-1/article67715644.ece Clipped from: https://www.thehindubusinessline.com/economy/e-way-bills-without-e-invoice-details-for-b2b-b2e-transactions-to-be-blocked-from-march-1/article67715644.ece Businesses with an annual turnover of ₹5 crore or more are mandatorily required to generate e-invoices, which means 10 lakhs assesses are
GST authorities drop ₹7.08 crore service tax demand on Competition Commission – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/gst-authorities-drop-708-crore-service-tax-demand-on-competition-commission/article67716586.ece Clipped from: https://www.thehindubusinessline.com/economy/gst-authorities-drop-708-crore-service-tax-demand-on-competition-commission/article67716586.ece CCI not liable to take service tax registration, rules CGST Commissioner Audit This order came from an CGST Commissioner audit on an
E-way bill changes: March 1 deadline for e-invoice inclusion in B2B transactions – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/e-way-bill-changes-march-1-deadline-for-e-invoice-inclusion-in-b2b-transactions/article67712409.ece Clipped from: https://www.thehindubusinessline.com/economy/e-way-bill-changes-march-1-deadline-for-e-invoice-inclusion-in-b2b-transactions/article67712409.ece Starting March 1, businesses with turnovers exceeding ₹5 crore won’t generate e-way bills for B2B transactions without integrating e-invoice details. . Businesses
TAX JUDGMENTS OF HC ANNUAL: CASE DIGEST 2023 – I
Clipped from: https://www.taxscan.in/tax-judgments-of-high-courts-annual-case-digest-2023-part-1/358430/ This Annual Case Digest analytically summarizes the key stories related to Tax judgements of various High Courts in India reported in Taxscan.in during
Asian Paints gets GST demand notice of Rs 13.83 crore – Industry News | The Financial Express
https://www.financialexpress.com/business/industry-asian-paints-gets-gst-demand-notice-of-rs-13-83-crore-3352567/ Clipped from: https://www.financialexpress.com/business/industry-asian-paints-gets-gst-demand-notice-of-rs-13-83-crore-3352567/ The demand is for the financial year 2017-18 over mismatch on input tax credit (ITC), the leading paints maker said in a
LIC gets GST notice of Rs 806 crore; insurer says will file an appeal
https://www.business-standard.com/companies/news/lic-gets-gst-notice-of-rs-806-crore-insurer-says-will-file-an-appeal-124010100614_1.html Clipped from: https://www.business-standard.com/companies/news/lic-gets-gst-notice-of-rs-806-crore-insurer-says-will-file-an-appeal-124010100614_1.html The total includes GST worth Rs 365.02 crore, penalty of Rs 404.7 crore and interest of Rs 36.5 crore Illustration: Ajay Mohanty
Govt extends deadlines for GST officers to issue demand notices for FY’19, FY’20 – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/govt-extends-deadlines-for-gst-officers-to-issue-demand-notices-for-fy19-fy20/article67685880.ece Clipped from: https://www.thehindubusinessline.com/economy/govt-extends-deadlines-for-gst-officers-to-issue-demand-notices-for-fy19-fy20/article67685880.ece The government extended the deadline in this regard for 2018-19 fiscal to April 30, 2024 and for 2019-20 fiscal to August 31,
Provisional attachment of bank account u/s. 83 of CGST Act based on tangible material valid
Read more at: https://taxguru.in/goods-and-service-tax/provisional-attachment-bank-account-u-s-83-cgst-act-based-tangible-material-valid.html#google_vignetteCopyright © Taxguru.in https://taxguru.in/goods-and-service-tax/provisional-attachment-bank-account-u-s-83-cgst-act-based-tangible-material-valid.html Clipped from: https://taxguru.in/goods-and-service-tax/provisional-attachment-bank-account-u-s-83-cgst-act-based-tangible-material-valid.html Arramva Corporation & Ors. Vs Additional Director General & Ors. (Calcutta High Court) Calcutta High Court held
Post-Finance Act, 2022: A Handbook for Availment of Input Tax Credit
https://taxguru.in/goods-and-service-tax/post-finance-act-2022-landscape-handbook-availment-input-tax-credit.html Clipped from: https://taxguru.in/goods-and-service-tax/post-finance-act-2022-landscape-handbook-availment-input-tax-credit.html I. Introduction An Indian registered taxpayer must fulfil various criteria as stipulated in Section 16(2) of the Central Goods and Services Tax Act,
GST Case Law Compendium – December 2023 Edition
Read more at: https://taxguru.in/chartered-accountant/gst-case-law-compendium-december-2023-edition.html#google_vignetteCopyright © Taxguru.in https://taxguru.in/chartered-accountant/gst-case-law-compendium-december-2023-edition.html Clipped from: https://taxguru.in/chartered-accountant/gst-case-law-compendium-december-2023-edition.html The legal landscape of Goods and Services Tax (GST) in December 2023 unfolds through a compendium of
Industry demand amnesty scheme for customs settlement – Industry News | The Financial Express
https://www.financialexpress.com/business/industry-industry-demand-amnesty-scheme-for-customs-settlement-3347206/ Clipped from: https://www.financialexpress.com/business/industry-industry-demand-amnesty-scheme-for-customs-settlement-3347206/ The government had introduced ‘Sabka Vishwas’ and ‘Vivaad se Vishwas’ schemes in 2019 and 2020. The government had introduced ‘Sabka Vishwas’ and
GST on expat salaries mired in ambiguity – The Hindu BusinessLine
https://www.thehindubusinessline.com/opinion/gst-on-expat-salaries-mired-in-ambiguity/article67674646.ece lipped from: https://www.thehindubusinessline.com/opinion/gst-on-expat-salaries-mired-in-ambiguity/article67674646.ece While the courts have not taken a clear view, CBIC has urged officials to exercise restraint Ever so often, indirect tax laws
Show Cause Notices (SCN) under GST: Procedures, Judgments & Implications
https://taxguru.in/goods-and-service-tax/show-cause-notices-gst-procedures-judgments-implications.html Clipped from: https://taxguru.in/goods-and-service-tax/show-cause-notices-gst-procedures-judgments-implications.html Navigating the intricacies of Show Cause Notices (SCN) under the Goods and Services Tax (GST) regime is crucial for businesses. This presentation
Opportunity of personal hearing u/s 75(4) of GST Act mandatory even if not opted by assessee
https://taxguru.in/goods-and-service-tax/opportunity-of-personal-hearing-u-s-75-4-of-gst-act-was-mandatory-even-if-otherwise-not-opted-by-assessee.html Clipped from: https://taxguru.in/goods-and-service-tax/opportunity-of-personal-hearing-u-s-75-4-of-gst-act-was-mandatory-even-if-otherwise-not-opted-by-assessee.html Gabriel India Limited Vs State Tax Officer (Madras High Court) Conclusion: Since it was mandatory on the part of the respondents to provide
Opportunity of personal hearing u/s 75(4) of GST Act mandatory even if not opted by assessee
https://taxguru.in/goods-and-service-tax/opportunity-of-personal-hearing-u-s-75-4-of-gst-act-was-mandatory-even-if-otherwise-not-opted-by-assessee.html#google_vignette Clipped from: https://taxguru.in/goods-and-service-tax/opportunity-of-personal-hearing-u-s-75-4-of-gst-act-was-mandatory-even-if-otherwise-not-opted-by-assessee.html#google_vignette Gabriel India Limited Vs State Tax Officer (Madras High Court) Conclusion: Since it was mandatory on the part of the respondents to provide
GST Annual Returns (GSTR-9) and Reconciliation Statement (GSTR-9C): A Complete Checklist
https://www.taxscan.in/gst-annual-returns-gstr-9-and-reconciliation-statement-gstr-9c-a-complete-checklist/353942/ Clipped from: https://www.taxscan.in/gst-annual-returns-gstr-9-and-reconciliation-statement-gstr-9c-a-complete-checklist/353942/ This article provides an extensive checklist tailored for business firms, specifically focusing on outward supplies concerning the annual return filing (GSTR-9) and
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