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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.
Steelmaker JSW Steel Ltd said a penalty of ₹64.47 crore has been imposed by the Office of the Commissioner of GST and Central Excise, Belagavi Division. The penalty relates to the alleged non-payment of GST under the Reverse Charge Mechanism for mining rights payments in Karnataka during the period of July 2017 to July 2019.
An order passed by the GST Authority imposing a penalty of ₹ 10,95,32,757 on Cipla under applicable provisions of the Central Goods and Services Tax Act, 2017, Rajasthan Goods and Services Tax Act, 2017, and Integrated Goods and Services Tax Act, 2017.
“We wish to inform you that the Joint Commissioner, CGST and Central Excise, Bhopal vide order under section 161 of The Central Goods & Services Tax Act, 2017 dated November 27, 2024, received by the company on November 28, 2024, has levied penalties of ₹173,24,59,695/- covering assessment years 2017-18, 2018-19, 2019-20, 2020-21 and 2021-22,” L&T said in a regulatory filing.
The Enforcement Wing of the State Taxes Department Samba, has imposed penalties amounting to Rs. 1.2 crore after detecting 190 cases of GST violations related to the movement of goods in transit in J&K.
Life Insurance Corporation of India Ltd. has been hit with penalties totalling Rs 230 crore from the Goods and Services Tax authorities in Telangana and Tamil Nadu, according to exchange filings on Friday.
The Hon’ble Allahabad High Court in Raghuveer Ispat Private Limited allowed the writ petition and set aside the order imposing penalty under Section 129(3) of the CGST Act on the ground that e-way bill expired during the course of transportation of goods.
The Directorate General of Goods and Services Tax Intelligence (DGGI) has issued thousands of notices to various companies, as well as their directors and promoters, regarding the wrongful availment of input tax credit (ITC), according to sources. This tax dispute primarily concerns the failure of the vendors to remit taxes to the government, in addition to other issues related to credit availment and utilisation.
A detailed Notes on ‘ Show Cause Notice, Adjudication, Offences, Penalties, Appeals, Revision, Prosecution and Compounding’ by Mr. Shailesh Sheth, Advocate