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Pidilite Industries Limited, India’s major player in industrial adhesives, pigments, bonding, waterproofing solutions, paints, textile and leather chemicals, announced on Monday that it recently received a penalty of around ₹42 lakh from the tax officials.
IndiGo said on Friday it has been slapped with a penalty of a little over Rs 1.27 crore related to GST input tax credit and that it will challenge the order.
The Hon’ble Supreme Court in Mukesh Kumar Garg held that Section 122(1) of the CGST Act, 2017 would not apply to a non-taxable person, and provisions of Section 122(1A) which came into force from January 1, 2021 could not be applied retrospectively for assessment years 2017 to 2020. The Court granted leave and stayed …
One of the plight for taxpayers in GST is that there are apparently five provisions (without including the provisions of fraud, or wilful misstatement etc) which charge them for delayed payment of Tax and ground reality is that these provisions are being invoked arbitrarily with a complete lack of clarity at ground level. The provisions are as follows-
Online travel platform EaseMyTrip has received a penalty notice of Rs 17.35 lakh from the Sales Tax Officer in Delhi for alleged violations under the Goods and Services Tax (GST) laws.
Global mining conglomerate Vedanta Ltd was hit with Goods and Services Tax (GST) penalties of Rs 141.36 crore for alleged ineligible Input Tax Credit (ITC) availment on Saturday.
GST authorities have imposed penalties totalling Rs 115.86 crore on IndiGo, the airline said in a regulatory filing on Wednesday.
The Assistant Commissioner, Central Goods and Services Tax Division, Jaipur East levied a penalty of Rs.1,73,01,027/- on Bharti Hexacom Limited for an alleged irregular input tax credit claimed during the financial year 2017-18 to 2022-23, according to the Company’s regulatory filing.
Cipla Limited has received a demand order issued by the Joint Commissioner of Central Tax from the Officer of the Principal Commissioner of Central Tax, GST East Commissionerate, Bengaluru, according to Cipla’s regulatory filing.
Mankind Pharma Ltd on Wednesday said it has been imposed a GST related penalty of over Rs 2 crore by tax authority in Kolkata over alleged mismatch in figures for the period of FY18 to FY22.