Department to check supplier for tax not been remitted to the State exchequer

If concern of the department is that such tax has not been remitted to the State exchequer, the elementary principle to be adopted is to cause enquiry with the supplier and without doing so to penalise the appellant would be arbitrary, illegal and without jurisdiction. Read more

Whether two parallel proceedings in respect of the same period are permissible?

The Honorable Guwahati High Court in the case of Subhash Agarwalla held that once a proceeding is initiated either in the CGST Act or the SGST Act another proceeding for the same period under other Act cannot be initiated. Read more

DGFT: Amendment in the Export Policy of Onions

The Directorate Generate of Foreign Trade (DGFT) issued Notification No. 10/2024-25 dated 04.05.2024 regarding amendment in the Export policy of Onions. Read more

DGFT: Clarification on the applicability of 3% amount on account of non-achievement of minimum Value Addition

DGFT issued Policy Circular No. 02/2024 dated 03.05.2024 to provide clarification on the applicability of 3% amount on account of non-achievement of minimum value addition… Read more

DGFT: Suspension of inoperative SIONs – reg.

The Directorate General of Foreign Trade (DGFT) issued a Public Notice No. 03/2024-25 dated 03.05.2024 regarding suspension of inoperative SIONs. Read more

Why Odisha GST department has imposed penalty on Infosys?

IT services major Infosys said that the Odisha authority has imposed a penalty of Rs. 1.46 lakh on the company. The penalty has been imposed on Infosys for availing ineligible input tax credit. Read more

4 held in false GST refund case

Four officials of the commercial taxes department were arrested by the Hyderabad central crime station in connection with a case of a private firm claiming a GST refund of 23.78 crore, using forged documents. Read more

GST National Coordination meeting on Friday may discuss tightening noose on fake registrations

Central and state GST officers will meet on Friday under the chairmanship of Revenue Secretary Sanjay Malhotra and are likely to discuss various issues like stricter registration norms to deter fake companies set up to evade taxes, sources said. Read more

Government Order exempting royalty, GST for raw materials for proposed Kochi Bypass to be issued shortly

The State government expected to shortly issue the long-awaited order exempting royalty and Goods and Services Tax (GST) for raw materials for the proposed Kundannoor-Angamaly NH 544 Bypass. Read more

At 6.1% of GDP, GST revenue for FY24 still not above pre-GST level after 7 years, says former CEA Arvind Subramanian

After India’s goods and services tax (GST) collections touched record high-mark at Rs. 2.10 lakh crore in April, 2024, Arvind Subramanian, former Chief Economic Adviser (CEA) to the central government has now highlighted that the despite the high collections, GST revenue for fiscal 2023-24 (FY24) has still not surpassed the pre-GST level. Read more