Latest update 16.03.2024

ITC cannot be denied in case of bonafide errors in filing GST returns where no loss of revenue occurs

The Hon’ble Bombay High Court in the case of NRB Bearings Ltd. allowed the petition while permitting the Assessee to rectify FORM GSTR-1 and held that in cases of bonafide errors in filing returns where no loss of revenue occurs, the technicalities should not prevent rectification. Read more

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GST Registration not to be cancelled based on vague SCN issued by Revenue Department

The Hon’ble Delhi High Court in the case of NP Trading Co. set aside the Impugned Order, thereby cancelling Assessee GST registration on the ground that no details were provided in SCN relating to alleged invoices or bills made without the supply of goods or services. Read more

GST DAILY – 179

Golden opportunity for those taxpayers who might have missed the appeal deadline Read more

GST DAILY – 181

HC deleted penalty as non-filing of part-B of e-way bill was of technical nature without any intention to evade tax. Read more

GST DAILY – 182

Assessee was not liable to pay interest if GST was deposited within due date but returns were filed after due date. Read more

Lawgics – Judgment No. 89

Petitioner is aggrieved by the order, dated 04.02.2023, whereby liability has been raised for deposit of GST under Section 74 of GST Act. The order impugned has been passed pursuant to the show cause notice issued on 09.10.2022. This notice contains a stipulation, ‘NA’ in the place of date of hearing which is required to be specified in the show cause notice. Read more

Lawgics – Judgment No. 90

Petitioner impugns order dated 24.12.2023, whereby impugned Show Cause Notice dated 23.09.2023, proposing demand has been confirmed against petitioner. Order has been passed u/s 73 of CGST Act, 2017. Read more

Lawgics – Judgment No. 73

The petitioner is a private limited company & conducting a bar-attached hotel under the name and style C & R Hotels Pvt. Ltd. The Department passed an order imposing penalty under Section 45A of the KGST Act. Read more

Lawgics – Judgment No. 82

The Petitioner’s registration was cancelled retrospectively with effect from 28.05.2018 vide impugned order dated 14.03.2023. Read more

Lawgics – Judgment No. 84

The petitioner is aggrieved by the order dated 06.10.2023 passed in appeal. The original order imposing the penalty u/s 129 was passed on 20.12.2022. Read more

Lawgics – Judgment No. 89

Representation on GST issues faced and request to raise it before Chairman of GST Council and in the Parliament. Read more

Representation on GST issues faced and request to raise it before Chairman of GST Council and in the Parliament

Ambajogai Tax Practitioners Association, Beed has made a representation on GST issues faced and request to raise it before Chairman of GST Council and in the Parliament. Read more

Facing GST heat | A telling pattern: In pharma, different firms buy electoral bonds on same days

From pharmaceutical companies buying electoral bonds en masse in 2022 to construction companies lining up to purchase them in 2019 and 2023, the electoral bonds data released by the Election Commission of India reveals a telling pattern: companies in specific sectors bought bonds in apparent tandem over a span of just a few days. In some cases, this coincides with regulatory or investigative action some of them faced. Read more

Notification no. 18/2024-Customs dated 14.03.2024

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Imposition of Minimum Export Price (MEP) on export of Honey

The Central government issued notification no. 75/2023 dated 14.03.2024 to impose Minimum Export Price (MEP) on export of Natural Honey under ITC HS Code 0490000 of Schedule 2 of the ITC(HS) export Policy 2023. Read more

Notification no. 17/2024-Customs dated 14.03.2024

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Amendment in Policy condition of De-oiled Rice bran

The Central Government issued notification no. 76/2023 dated 13.03.2024 to make the following amendment related to policy condition of de-oiled rice bran. Read more

Tax board asks GST probe wing to follow bottom-up approach, not summon CEOs/CFOs at first instance

The Central Board of Indirect Tax and Customs (CBIC) has directed officials in the Directorate General of Goods and Services Tax Intelligence (DGGI) to follow a “bottom-up” approach while investigating tax liability of multinational companies (MNCs). Read more

Defaulters to pay reconnection charges and 18% GST with arrears: MSEDCL

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