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SBI Life, one of the renowned insurance companies, has received a demand notice of approximately Rs 239.27 crore from tax authorities for the underpayment of Goods and Services Tax (GST) for the financial year 2019-20.
The Centre may grant GST relief to Infosys, foreign shipping lines and foreign airlines, CNBC-TV18 reported. The government is mulling changes in a June circular in the forthcoming GST council which is scheduled for September 9.
Kalpataru Projects International Ltd (KPIL) – a specialised engineering, procurement and construction (EPC) company – said on Thursday that it…
The investigation arm of the Goods and Services Tax (GST) authority has issued over 20,000 notices pan-India for assessment year (AY) 2017-18 to AY2021-22, involving tax demand of over Rs 80,000 crore, according to an initial estimation.
Vaccines maker Panacea Biotec Ltd on Tuesday said it has received a demand of nearly Rs 5.75 crore from GST authority in Mumbai on the sale of its leasehold land and building in Navi Mumbai.
To provide succour to small traders from challenges faced due to notices issued by the Office of the Commissioner of Taxes on GST related matters, the Cabinet has accepted the report of the Cabinet sub-committee set up to deliberate upon this matter.
The Directorate General of Goods and Services Tax Intelligence (DGGI) has sent showcause notices to 10 foreign airlines operating in the country, for alleged non-payment of tax amounting to Rs 10,000 crore, officials said. They include British Airways, Lufthansa, Oman Air, Emirates and Singapore Airlines, they said. The notices, sent over the past three days, deal with unpaid tax dues on the import of services by Indian branches from head offices, officials said.
Mahindra & Mahindra (M&M) has received a goods and services tax (GST) notice over the use of the ‘Mahindra’ brand name by various group companies, a move that is unlikely to go down well with India Inc, the Economic Times has reported.
State wide raids and inspections were conducted by GST officials at residences and salons of several celebrity makeup artists in the state. The raid named ‘Operation Guapo’ has so far covered around 35 centres and will continue at more places in the coming days, sources said.
Companies with head offices or branches abroad will not get any more show-cause notices (SCNs) regarding the GST dues for fiscal year 2017-18. The due date for the same was August 5. For the years subsequent to 2017-18, no new notices will be processed based on the June 26, 2024 circular.