A. Update
GST Portal downtime 15.09.24
GSTN shall be enhancing services on the GST portal on 15th Sep’24
PPT-GST Refund Procedures & Best Practices – CGPI
B. Article
Adjustment of interest is permissible on tax liability against the claim for IGST refund
by CA Bimal Jain
The Hon’ble Supreme Court in the case of M/s Grapes Digital Private Limited granted leave and admitted SLP against Delhi High Court Judgment wherein it was held that the department can adjust interest on the tax amount paid by the Assessee which had had already been sanctioned for refund.
HC directs Department to accept and dispose the appeal filed beyond condonable period due to Accountant illness
by CA Bimal Jain
The Hon’ble Madras High Court in the case of Chandrasekaran Anand has allowed the writ petition filed against the order dismissing the appeal filed beyond the condonable period due to Accountant illness and thereby, directed the Appellant to consider the appeal filed on merits without going into the question of limitation.
A Shift in Tax Law: GST Circular Highlights Intent-Based Interpretation
by Vikash Agarwal
In tax law, the plain reading of provisions is the standard approach. However, the attached recent circular marks a unique shift by clarifying the availability of input tax credit (ITC) for demo vehicles based on the intent of the law.
C. Tax in Media
‘Bring bun and cream separately’: GST quip from TN hotelier sparks row, FM reacts
In a plea for GST reform, Coimbatore hotelier D. Srinivasan took a humorous dig at the varying GST rates on food items during a meeting with Finance Minister Nirmala Sitharaman in the city.
3 Mumbai businessmen held in GST fraud probe, claimed ITC through 8 fake companies
The CGST Palghar commissionerate has uncovered a significant fake Input tax credit (ITC) racket, leading to the arrest of three persons. The operation revealed fraudulent transactions worth Rs. 59.11 crore involving eight non-genuine firms, including the key entity M/s H&D Company, based in Palghar, Maharashtra.
Similar products can be grouped under one taxation rate to simply implementation of GST, says Agro Food Chamber
The Agro Food Chamber of Commerce and Industry, in its suggestion to the Centre, said that all similar products can be grouped under one taxation rate in order to simplify the implementation of the Goods and Services Tax (GST).
Punjab volunteers for pilot project on e-invoicing
The Punjab Govt has volunteered for a pilot project on business-to-consumer (B2C) e-invoicing to increase tax compliance.
Two garment traders in Odisha’s Sambalpur under GST scanner
GST officials on Friday raided the premises of a Sambalpur-based garments shop, promoted by two persons, over allegations of tax evasion.
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