Employees get Rs.3,731 crore GST penalty demand; Bombay HC strikes it down

Should an employee of a company be held responsible for forking out penalties related to tax demands raised on the company by revenue authorities? Goods and Services Tax (GST) enforcement officials believed so when they slapped a demand last September for a Rs.3,731 crore penalty on a taxation manager and other employees of global logistics major Maersk for alleged tax evasion of the same amount by the company.

Assessee is entitled to interest from the date immediately after the expiry of sixty days from the date of receipt of the GST refund application

The Hon’ble Delhi High Court, in the case of Raghav Ventures vs. Commissioner of Delhi [Writ Petition (Civil) No. 12209 of 2023 dated March 01, 2024], held that the payment of 6% interest under the Section 56 of the Central Goods and Services Tax Act, 2017 (“the CGST Act”) is statutory and does not depend […]

Bombay High Court Rules in Favor of Godrej Industries Against Late IT Notice

The Bombay High Court recently passed a landmark judgment, favoring Godrej Industries in a legal battle against the Income Tax Department. This ruling has significant implications for corporate tax assessment and legal proceedings in India, highlighting the strict adherence to statutory deadlines. Chronology of Events The crux of the matter lies in the issuance of a […]

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