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Vodafone Idea on Thursday said that it has received an order under the Central Goods and Services Tax Act, 2017, entailing a penalty of Rs. 10.76 crore. The troubled telco further said it will seek rectification and reversal of the…
Auto major Mahindra & Mahindra Ltd on Friday (December 29) said it has been imposed a penalty of Rs.4.12 crore by the deputy commissioner, state tax, audit wing of Indore, Madhya Pradesh. The penalty is related to the erstwhile two-wheeler business of…
Mahindra & Mahindra Ltd on Thursday said it has been imposed a penalty of over Rs 56 lakh for wrongly carrying forward input service distributor credit available in pre-GST into GST regime with regards to its two-wheeler business. The company…
Pidilite Industries Limited disclosed receiving three orders. These orders were issued by the Superintendent at Guwahati-B-10, Guwahati-B, and Guwahati Zone-B, Assam, imposing a cumulative penalty of Rs. 49,592. The penalty pertains to the disallowance of Input Tax Credit (ITC) availed under…
Tyre maker CEAT Ltd on Thursday said it has received a demand notice of Rs 1.98 crore for GST, along with a penalty from the Additional Commissioner, CGST, and Central Excise. The demand pertains to the disallowance of transitional credit…
The Hon’ble Jharkhand High Court in the case of Aditya Medisales Ltd. v. State of Jharkhand [W.P. (T) NO. 4338 OF 2022 dated October 9, 2023] held that the initiation of proceedings is bad in law, in as much as, in this…
The Comptroller & Auditor General (CAG) in its report for the year 2020-21 tabled in the state assembly during the current budget session pointed out that none of the 2,357 samples of transitional credit under GST which the CAG saw…
The CESTAT, Ahmedabad in USV Private Limited v. Commissioner of Central Excise & ST, Daman [Final Order No. A/10198/2023 dated February 6, 2023] has set aside the order of the Revenue Department denying refund of Cenvat credit to the assessee.…
All the circulars issued by the CBIC during the period from 01.04.2022 to 31.01.2023 have been summarized in this article under six major heads as:
1. compliance 2. refunds 3. demand and recovery 4. transitional credit 5. input tax credit 6. miscellaneous issues/ clarifications.
Whether the Petitioner is entitled to migrate and transition the TDS amount as ‘a credit of the amount of VAT’ in GST regime in its ECL? Jharkhand High Court held that the assessee is entitled for migration of the TDS amount in terms of Section 140(1) of the Central Goods and Services Tax Act, 2017.