Clipped from: https://taxguru.in/goods-and-service-tax/bogus-itc-case-hc-grants-bail-ca-furnishing-bail-bond-rs-50-lakh.html?utm_source=feedburner&utm_medium=email Amit Kumar Agarwal @ Amit Agarwal Vs State of Odisha (Orrisa High Court) As far as the allegation is concerned, the petitioner being
Category: GST
Gujarat HC clarifies blocked Electronic Credit Ledger for GST assessee automatically gets unblocked after 1 year – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/guj-hc-clarifies-blocked-electronic-credit-ledger-for-gst-assessee-automatically-gets-unblocked-after-1-year/article64836774.ece Ruling to help in more effective implementation of CBIC’s November circular Gujarat High Court has made it clear that electronic credit ledger of
GST officers arrest individual for issuing fake invoices worth Rs 4,521 cr – The Financial Express
Clipped from: https://www.financialexpress.com/economy/gst-officers-arrest-individual-for-issuing-fake-invoices-worth-rs-4521-cr/2406870/ During the course of the investigation, GST amounting to Rs 4.52 crore has been deposited by the reversal of ITC available in the
Extending GST compensation as a reform catalyst – The Hindu
Clipped from: https://www.thehindu.com/opinion/lead/extending-gst-compensation-as-a-reform-catalyst/article38243062.ece The transition to GST is still in progress and an extension will provide comfort to States to help roll out crucial changes It
Health care services offered on flat fee exempt from GST: AAR | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/health-care-services-offered-on-flat-fee-exempt-from-gst-aar-122011300037_1.html The applicant devised a plan for providing health care services for the next 20 years for which a lump-sum amount, say, Rs 10
HC rules undervaluation of goods by itself no ground to confiscate them | Business Standard News
Clipped from: https://www.business-standard.com/article/current-affairs/cannot-confiscate-just-for-undervaluing-goods-gujarat-high-court-122011300034_1.html Alteration of route from that declared in e-way bill by itself is also no ground to confiscate goods. Gujarat High Court The Gujarat high
Gujarat HC rules goods in transit cannot be confiscated because of wrong route or under-valuation – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/gst-gujarat-hc-rules-goods-in-transit-cannot-be-confiscated-because-of-wrong-route-or-under-valuation/article38254124.ece Court allowed release of vehicles Gujarat High Court has held that goods in transit cannot be confiscated under Central Goods & Services Tax
Fuelling GST reforms – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/fuelling-gst-reforms/article38239013.ece Bringing petro products under GST’s ambit Considering the sheer volume of business transactions, matching of outward supplies by a supplier and the Input
How real is the GST boost? | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/how-real-is-the-gst-boost-122011101645_1.html The share of GST collections in GDP has stagnated, even as IGST revenues from imports have gone up sharply The Modi government is
Is recovery proceeding justified for differences in outward supply in GSTR-1 vs. GSTR 3B – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/gst/gst-is-recovery-proceeding-justified-for-differences-in-outward-supply-in-gstr-1-vs-gstr-3b/articleshow/88825736.cmsSynopsis From January 2022 the difference between outward supply shown in GSTR-1 vs. GSTR-3B of the relevant period would be considered as self-assessment tax
1% GST for sweets, namkeens sold over the counter, rules Karnataka AAR – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/1-gst-for-sweets-namkeens-sold-over-the-counter-rules-karnataka-aar/article38224348.ece?homepage=true Rate to apply if there is no in-shop eating facility A sweet shop manufacturing and selling sweets and namkeen over the counter only
Now, AAAR rules ready-to-eat fryums papad to draw 18% GST | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/now-aaar-rules-ready-to-eat-fryums-papad-to-draw-18-gst-122011100035_1.html GST rate is based on classification of products based on the harmonised system of nomenclature (HSN) codes Deciding the goods and services tax
I-T detects Rs 800-cr hidden cash transactions after raids on Andhra, Telangana realty groups – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/india/i-t-detects-rs-800-cr-hidden-cash-transactions-after-raids-on-andhra-telangana-realty-groups/articleshow/88814439.cmsSynopsis Incriminating documents like handwritten books, agreements and digital data have been seized from a specialised software application as well as from other electronic
Cash credit account cannot be provisionally attached- HC issues contempt notice to Principal Commissioner
Clipped from: https://taxguru.in/goods-and-service-tax/cash-credit-account-provisionally-attached-hc-issues-contempt-notice-principal-commissioner.html?utm_source=feedburner&utm_medium=email Manish Scrap Traders Vs Principal Commissioner (Gujarat High Court) Way back in the year 2016, in the case of Kaneria Granito Ltd. vs. Assistant
SME director among two arrested in connection with input tax credit fraud | Business News,The Indian Express
Clipped from: https://indianexpress.com/article/business/mumbai-sme-director-arrested-input-tax-credit-fraud-7713595/ CGST officials have arrested Omnipotent Industries Ltd director Punit Popat and Siddhanath Mishra, the proprietor of Shree Bitumax Trading. They have been remanded
Businesses to be given ‘reasonable time’ to explain mismatch in GSTR-1, 3B | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/businesses-to-be-given-reasonable-time-to-explain-mismatch-in-gstr-1-3b-122010900301_1.html Tax officers will give reasonable time to erring business to explain reasons for mismatch in turnover reported in sales return GSTR-1 and tax
GSTR-3B: Interest calculator soon in GSTR-3B for delayed monthly tax payment – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/interest-calculator-soon-in-gstr-3b-for-delayed-monthly-tax-payment/articleshow/88789107.cmsSynopsis As per Goods and Services Tax law, 18 per cent interest is charged for failure to pay tax liability on time, while 24
Taxmen to give ‘reasonable time’ to business to explain reasons for mismatch in GSTR-1, 3B before recovery action – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/finance/taxmen-to-give-reasonable-time-to-business-to-explain-reasons-for-mismatch-in-gstr-1-3b-before-recovery-action/articleshow/88788964.cmsSynopsis As per the changes in the GST law effective January 1, GST officers were allowed to directly initiate recovery action against those errant
Make GST good & simple for online travel biz – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/make-gst-good-simple-for-online-travel-biz/2400301/ The GST regime has introduced certain complications for e-commerce operators in the travel space The complications and contradictions this sector faces have continued
Patchwork policy: The Hindu Editorial on GST rate on textiles – The Hindu
Clipped from: https://www.thehindu.com/opinion/editorial/patchwork-policy-the-hindu-editorial-on-gst-rate-on-textiles/article38094816.ece The temporary rollback of tax hikes on textiles is a harbinger of challenges before GST regime On New Year’s eve, nine hours before
