A. Notes
Lawgics – Judgment No. 171
by Adv. Nidhi Aggarwal
Reopening the case and issuing a new SCN for the same year without providing specific reasons or addressing the petitioner’s detailed reply is improper and in violation of the principles of natural justice.
Lawgics – Judgment No. 172
by Adv. Nidhi Aggarwal
The impugned order was set aside which confirmed demand on the ground that the petitioner had availed ITC from “cancelled dealers, return defaulters & tax non-payers” without any findings that suppliers from whom the petitioner had availed supplies had not discharged their tax liability
B. Article
SLP challenging provisions of 101st Constitutional Amendment Act dismissed
by CA Bimal Jain
The Hon’ble Supreme Court in the case of Amit Pandey dismissed the special leave petition filed and upheld the order passed by the Hon’ble Patna High Court in the case of Amit Pandey v. Union of India
C. Tax in Media
FM Sitharaman denies ‘friction’ in Centre-State ties over GST reform
Union Finance Minister Nirmala Sitharaman on Thursday denied any “friction” in the ties between the Centre and States over Goods and Services Tax and emphasised that the federal structure in this economic reform should be respected.
6 Big Hopes From the 54th GST Council Meeting, Check Key Industry Expectations
As the 54th GST Council Meeting approaches on September 9, 2024, in New Delhi, many are eagerly waiting to see what changes might come. Business leaders and industry groups are hoping that the meeting will address important issues and bring some clarity to tax rules.
GST Council to study 18% GST on sub-Rs.2,000 transactions via payment apps: Sources
The 54th GST Council is scheduled to meet on September 9 in New Delhi to deliberate upon a proposal to clarify that an 18% GST should be levied on payment aggregators whose platforms are used for digital payment transactions of less than ₹2,000 via debit cards, credit cards, and other payment methods, according to sources.
How the Latest GST Council Meeting Could Reshape India’s Tax Landscape
With the introduction of Goods and Services Tax, the GST Council takes a fundamental place in the entire framework. The GST Council is chaired by the Union Finance Minister and comprises state finance ministers.
GST Council to discuss extension of compensation cess till FY26 amid Rs.1.37 lakh crore shortfall
On the demand of states, especially of the Opposition-ruled states such as Karnataka, the upcoming GST Council on September 9 is likely to have a detailed discussion on the compensation cess collections so far, since the time of roll-out of GST.
GST Payments can be made through 29 banks
GSTN in the twitter ‘GST Tech’ has posted that Net Banking and Over-the-Counter payments are now available with two new banks viz. Bandhan Bank and IDFC FIRST Bank. With this the list has now 29 banks through which GST payment can be made.
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