A. Amendment
Biometric-Based Aadhaar Authentication and Document Verification for GST Registration Applicants of Chhattisgarh, Goa and Mizoram has been rolled out on 15.12.2024
Technical Guide on GST Annual Return in Form GSTR-9 by ICAI
The Institute of Chartered Accountants of India (ICAI), New Delhi released its second edition of the Technical Guide on GST Annual Return in Form GSTR-9 in December 2024.
Technical Guide on Departmental GST Audit of Entities with Multiple GSTINs by ICAI
GST & Indirect Taxes Committee of the Institute of Chartered Accountants of India (ICAI) issued Technical “Guide on Departmental GST Audit of Entities with Multiple GSTINs”
Notification No. 85/2024-Customs (N.T.) dated 13.12.2024
Central Board of Indirect Taxes and Customs (CBIC) issued Notification No. 85/2024-Customs (N.T.) dated 13.12.2024 regarding Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver
Notification No. 86/2024-Customs (N.T.) dated 16.12.2024
CBIC issued Notification No. 86/2024-Customs (N.T.) dated 16.12.2024 to specify the manufacturing processes and other operations in relation to a class of goods in a warehouse.
B. Article
An order cannot go beyond the SCN
by CA Bimal Jain
The Hon’ble Delhi High Court in the case APN Sales and Marketing held that an order which does not provide sufficient reasons is not legally sustainable as it is in violation of principles of natural justice and the allegations mentioned in the Show Cause Notice were not mentioned in the Order.
State-Tax Officers authorised can act as ‘proper-officer’ for IGST Act
by CA Bimal Jain
The Hon’ble Orissa High Court in the case of Narayan Sahu held that officers of State Tax are authorized to be Proper Officers as per Section 4 of the IGST Act. The officers of State Tax are authorized to be proper officers under IGST Act subject to exceptions and conditions to be notified by the Government. Noting that there was no notification to limit the State Tax authorities to cross-authorize on IGST matters, dismisses the petition accordingly and upholds the order
Order released without giving notice is contrary to the principles of natural justice
by CA Bimal Jain
The Hon’ble Madras High Court in the case Tvl. Spark Bio Gas (P.) Ltd held that an order released without giving proper notice is contrary to principles of natural justice.
High Court has power to condone delay in filing appeal
by CA Bimal Jain
The Hon’ble Punjab & Haryana High Court in the case of Vasudeva Engineering held that provisions under Section 107 of the CGST Act are not condemnable to Limitation Act, 1963 and therefore, delay cannot be further condoned. However, High Court under Article 226 of the Constitution of India has powers to condone delay in filing appeal.
C. Tax in Media
Retailers urge FM and GST Council not to go for higher 35 pc tax rate
Indian Sellers Collective, an umbrella body of trade associations and sellers across the country, has urged the finance minister and the GST Council not to accept some of GST rate rationalisation suggestions, including the proposal for inclusion of a special rate of 35 per cent on some products. The sellers body is of the view that a fifth GST slab of 35 per cent on demerit goods such as aerated beverages, cigarettes and tobacco, and pricing-based rate structure will materially and fundamentally alter the country’s GST framework with devastating outcomes.
Rs 293cr GST fraud unearthed in AP
Officers of the Directorate General of GST Intelligence (DGGI), Visakhapatnam Zonal Unit, has arrested a resident of Proddatur in YSR Kadapa district and three others for floating 19 fake entities involving a fraud of Rs 293 crore.
GCC starts discussions to exempt Councillors’ Ward Development Fund from GST
The Greater Chennai Corporation (GCC) has started discussions pertaining to the exemption for the Councillors’ Ward Development Fund from the Goods and Services Tax during the implementation of civic infrastructure projects in the city.
Amid wedding season, tax evasion of Rs 6.7 crore detected across nine districts in Gujarat
Three days after searches were conducted at the premises linked to 43 taxpayers, engaged in the sale and rental of wedding garments, including designer dresses, suits, and accessories, Gujarat State GST Department on Saturday said it has found primary evidence of tax evasion of at least Rs 6.70 crore. The statement comes amid the wedding season.
Madhya Pradesh: GST Raids Gala Developers In Jabalpur; Over Rs.4 Crore Evasion Uncovered
In a recent operation, the Central GST (Good and Services Tax) department conducted a raid on Gala Developers in Jabalpur and uncovered a GST evasion of over ₹4 crore.
GST Council to decide on 18% tax for used EVs and smaller vehicles, up from 12%
The GST Council might raise the Goods and Services Tax (GST) on old and used electric vehicles (EVs) and smaller petrol and diesel vehicles. The tax rate could increase from 12% to 18%, based on a recommendation by its Fitment Committee.
CAG report points to Rs.755.49 cr. revenue loss pertaining to GST of Commercial Tax Dept.
As per a CAG report tabled in the Assembly on Thursday, under assessment/short levy/ loss of revenue aggregating to ₹755.49 crore pertaining to Goods and Services Tax of the Commercial Tax Department has been found.
Income Tax departments’ extensive crackdown! Over the past 20 months, the Income tax department has collected Rs. 37,000 crore from individuals who had taxable income but failed to file returns, according to officials
Missed ITR deadline or made an error? File a revised return by Dec 31, 2024
Taxpayers who missed the initial deadline have time until December 31, 2024, to file their income tax return (ITR) for FY 2023-24 (AY 2024-25). This date applies to those filing a belated ITR, subject to a penalty of up to Rs 5,000. Additionally, December 31, 2024, is the final date for submitting a revised ITR..
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