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Infosys Ltd, on Friday (June 6) said that the DGGI has closed pre-show cause notice proceedings related to an earlier inquiry into non-payment of IGST under the Reverse Charge Mechanism. The closure pertains to the financial years 2018-19 to 2021-22.
Pidilite Industries Limited, the manufacturer of adhesives, sealants, and construction chemicals, and the name behind the brand Fevicol, has reported that it has been served a penalty order amounting to ₹13.18 lakh by the CGST department in Vapi, Gujarat.
Supreme Court stayed proceedings related to a Rs 5,712-crore GST notice issued to Paytm-owned First Games by the DGGI, New Delhi.
The Hon’ble Jharkhand High Court in the case of Sri Ram Stone Works quashed GST notices issued under Section 61 of the CGST Act/Jharkhand GST Act, on the ground that the department had exceeded its jurisdiction by comparing the transaction value declared in returns with prevalent market prices, rather than pointing out discrepancies in the returns.
A 20 year old student received a notice from the Income tax department, asking her to pay GST for transactions running into Rs. 35 crore reflected in her various bank accounts over eight months.
IndusInd Bank share price declined more than 5% on Tuesday, after the private lender informed that the GST authorities in Thane district have imposed a penalty of over ₹30.15 crore for various issues.
The private insurer Star Health and Allied Insurance Co Ltd has been slapped with 25 tax demand orders across its zonal offices in Haryana, Delhi, Maharashtra, Tamil Nadu, Telangana and Karnataka of Rs 49 crores including penalties by the Goods & Services Tax (GST) and Central Excise authorities.
Janapati Venkateswarlu, a daily wage labourer from Chundrugonda, was left stunned after receiving a demand notice from the Vijayawada Commercial Tax Office for unpaid GST dues amounting to Rs 22.8 lakh. The notice, a DRC-7 dated March 4, was delivered to his home at 4-14 Temple Street, Chandrugonda, in the district.
Private starts-ups and other MSMEs are receiving notices to pay 18 per cent taxes under the CGST Act on funding received from the Ministry of Defence for research and development (R&D). Government officials say this amounts to “taxing innovation” as it disincentivises Prime Minister Narendra Modi’s focus on ‘aatmanirbharta’ in the military sector.
South Korean automaker’s Indian arm, Hyundai Motor India Limited, received two goods and service tax (GST) notices from the Government of Tamil Nadu and the Government of Maharashtra, amounting to nearly 16 crore, according to an exchange filing on Friday, February 28.