Mahindra & Mahindra hit with GST penalty
Auto major Mahindra & Mahindra Ltd on Friday (December 29) said it has been imposed a penalty of Rs.4.12 crore by…
Tag: GST transitional credit
Mahindra & Mahindra gets Rs 56 lakh tax penalty
Mahindra & Mahindra Ltd on Thursday said it has been imposed a penalty of over Rs 56 lakh for wrongly…
Pidilite Industries discloses imposition of GST penalty, shares up
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,…
CEAT Gets Rs 1.98 Crore GST Notice
Tyre maker CEAT Ltd on Thursday said it has received a demand notice of Rs 1.98 crore for GST, along…
Transitional Credit cannot be disallowed just by serving a summary of Show Cause Notice
The Hon’ble Jharkhand High Court in the case of Aditya Medisales Ltd. v. State of Jharkhand [W.P. (T) NO. 4338 OF…
GST transitional credit not verified
The Comptroller & Auditor General (CAG) in its report for the year 2020-21 tabled in the state assembly during the…
Assessee entitled to refund of unutilized Cenvat credit of Education and S&H Education Cess
The CESTAT, Ahmedabad in USV Private Limited v. Commissioner of Central Excise & ST, Daman [Final Order No. A/10198/2023 dated…
Circulars issued during F.Y. 2022-23
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.
Credit of unadjusted TDS under VAT can be transitioned into GST regime
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.
Electronic credit ledger cannot be blocked without providing an opportunity of personal hearing
The Hon’ble Jharkhand High Court in M/s Vinayak Metal and Chemicals& Ors. v. the State of Jharkhand & Ors. [W.P.(T)…