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.
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.
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.
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.
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.
GHCL Limited has received a scrutiny notice on September 16, 2024 from GST department, Maharashtra for the financial year 2020-21.
Munjal Auto Industries Limited on Tuesday (September 3) received a demand notice from the Haryana GST authority. The notice, with a total demand amounting to Rs 6.76 crore, concerns the period from April 2019 to March 2020, the company said in an exchange filing on Tuesday.
Hitachi Energy India Ltd on Tuesday (September 3) said it has received a tax demand totalling ₹46.29 crore following an audit conducted by the Assistant Commissioner of Commercial Taxes (Audit). The demand comprises ₹24.41 crore in GST, ₹19.43 crore in interest, and ₹2.44 crore in penalties.
Deepinder Goyal-led Zomato appears to have ran into a bit of a trouble, as the company has been served with a GST penalty notice of Rs 3.5 lakh. This also appears to have started to affect their performance at teh equity market as well. The company shares were trading in red in the early hours of the day’s trade on Monday, September 2.
Debt-ridden telecom firm Vodafone Idea has been slapped with demand orders from various GST offices to pay over Rs 73 crore comprising tax dues with penalty and interest, a regulatory filing said on Monday.
