FirstCry shares tumble over 4% after GST department initiates investigation
Brainbees Solution-operated FirstCry Company informed that the GST department of Mumbai has initiated an investigation at the company’s head office and a warehouse in Pune.
Tag: GST Notice
GST Department issues notice to Padmanabhaswamy temple management to pay 1.57 crore as tax arrears
The Central GST Department issued a notice to Sree Padmanabhaswamy Temple Management Committee to pay Rs 1.57 crore as tax arrears for the last seven years. The Central GST department issued the notice rejecting the explanation given by the governing body of various exemptions in GST.
GHCL receives GST notice alleging excess ITC claim of Rs.1.08 Crores for FY 2020-21
The GHCL Limited has received a scrutiny notice on October 24, 2024, from Superintendent CGST & CX, Range IV, Ballygunge Division, Kolkata South Commissionerate for the financial year 2020-21, according to the stock filing.
Brainbees Solutions receives GST demand notice for excess ITC claim and tax shortfall for FY 2020-21
Brainbees Solutions Limited has received a notice [Form GST DRC 01 (Part A)] for intimation of liability under section 73(5) of CGST/SGST, Act 2017 for the return period 2020-21 primarily pertaining to a discrepancy between Input Tax credit (ITC) availed as per GSTR-3B and the ITC reflected in GSTR-2A from Assistant Commissioner of Commercial Taxes, Local GST Office-038, Bangalore. Department of Commercial Taxes, Karnataka, according to an exchange filing.
Cab owners, rent-a-car bizmen with over 10 vehicles get notices for bypassing GST
Using data intelligence, the department of state tax identified around 260 taxi operators who may have evaded paying the GST. The department issued notices to the taxi operators along with a demand for payment of GST, said sources. As part of a 3-month exercise, the department of state tax gathered data from the I-T department, regional transport office, banks and other agencies to identify businesses that were evading tax in the state.
India’s SUV makers get a ₹10,000 crore tax notice
Carmakers have received tax notices for not paying compensation cess, which is levied on goods and services tax (GST), on utility vehicles. “CGST offices across various jurisdictions have sent these notices to the auto majors. In all, the industry is liable to pay about ₹10,000 crore,” a source told CNBC-TV18.
GST notices to foreign airlines ‘regularised’
Acting on the recommendations of GST Council, the Central Board of Indirect Taxes & Customs (CBIC) has ‘regularised’ past show cause notices for tax demand issued to foreign airlines. It has also issued a circular regarding applicability of GST on Preferential Location Charges (PLC) for residential or commercial properties.
VALIDITY OF GST NOTICES/ORDERS WITHOUT DIGITAL SIGNATURE
Recently GSTN has issued advisory on 25th September 2024 on the Validity of documents issued by the tax officers on the common portal. In this context, this article is set to examine the position of law, relevant provisions & rules and various court decisions on this matter, to throw more light on this matter comprehensively.
Most GST notices due to data mismatches, CBIC to deploy tech to address pain points
A majority of show-cause notices issued to taxpayers under the GST regime last year pertained to ‘data discrepancies’ in tax return filings, and efforts are underway to use technology to resolve such mismatches and mitigate the resultant disputes as well as ‘pain points for taxpayers,’ a top indirect tax official said on Tuesday.
Zomato receives fresh GST demand, penalty order amounting to Rs 17.7 cr
Online food delivery aggregator Zomato on Wednesday said it has received a GST demand order along with interest and penalty amounting to Rs 17.7 crore from the Assistant Commissioner of Revenue, West Bengal.