Yes Bank on Wednesday said it has received two GST demand orders, which levied a penalty of over Rs 6.87 lakh.
GST DAILY – 203
No penalty can be imposed on assessee for non-filling up of Part-B of E-way bill without any intention to evade tax
Vedanta receives Rs. 27.97 crore GST penalty order, to file appeal
Vedanta Ltd on April 16 said it has received a GST penalty order of Rs.27.97 crore for the period of FY 2018-19 to FY 2020-21. The penalty stems from a dispute regarding Input Tax Credit reconciliations spanning the financial years 2018-19 to 2020-21.
Deptt imposes penalty of over Rs 2 crore in GST related violations
The enforcement wing Samba of the State Taxes Department has imposed penalty of more than Rs 2 crore in GST related violations during the Financial Year 2023-24.
Employees get Rs.3,731 crore GST penalty demand; Bombay HC strikes it down
Should an employee of a company be held responsible for forking out penalties related to tax demands raised on the company by revenue authorities? Goods and Services Tax (GST) enforcement officials believed so when they slapped a demand last September for a Rs.3,731 crore penalty on a taxation manager and other employees of global logistics major Maersk for alleged tax evasion of the same amount by the company.
Zomato receives Rs 8.6 cr GST penalty notice from Gujarat’s Deputy Commissioner of State Tax
Zomato Limited has disclosed receiving a GST order from the Deputy Commissioner of State Tax, Gujarat, pertaining to fiscal 2018-19. According to Zomato’s filing, the order demands a GST payment of Rs 4,11,68,604, along with additional interest and penalty charges, amounting to Rs 8,57,77,696. The company said the order arose following an audit of GST […]
Biocon gets over Rs 3 crore penalty over GST related issues
Biocon Ltd on Friday said it has been imposed a penalty of over Rs 3 crore over GST-related issues. The company has received an order of adjudication imposing a penalty of Rs 3,03,78,465 dated February 22, 2024, from the office of Deputy Commissioner of Commercial Taxes, Divisional GST Office, Bangalore, Biocon Ltd said in a regulatory filing. The demand […]
Penalties should not be imposed solely for technical errors lacking any intent to evade tax
The Hon’ble Allahabad High Court in the case of Rawal Wasia Yarn Dying (P.) Ltd. v. Commissioner Commercial Tax [Writ Tax No. 352 of 2023 dated January 16, 2024] held that the invoice itself contains the details of the truck, the error committed is technical only and without any intention to evade tax. Hence, there […]
Pan masala, tobacco manufacturers may have to pay Rs 1 lakh penalty for packing machines not registered under GST
Pan masala and tobacco manufacturers that do not register their packing machines with goods and services tax (GST) authorities may face a penalty of Rs 1 lakh per machine. Further the machine could also be confiscated by the GST department. To this effect, the Finance Bill, 2024, which was tabled along with the Interim Budget […]
Vodafone Idea imposed Rs 13.16 crore penalty in GST case
GST additional commissioner’s office in Chandigarh has imposed a Rs 13.16 crore penalty on Vodafone Idea, the company said in a regulatory filing on Thursday. According to the filing, the order was passed on January 10 against the debt-ridden telecom firm for alleged “wrongful transition of CENVAT credit to Goods and Services Tax (GST) regime”. […]