“The Company has received an Order from Office of the Additional Commissioner, GST & Central Excise Commissionerate, confirming Penalty of Rs 3.48 Cr along with Tax demand and applicable Interest.
Judgement – Tax on credit notes issued taken in ITC in place of entering in GSTR-1
Tax on credit notes issued taken in ITC in place of entering in GSTR-1
Couple from Raigad held in 6cr GST fraud
State cell department’s GST cell has arrested a couple from Khalapur in Raigad in an alleged Rs. 6.4 crore scam.
Demand should not be raised when negative taxable and invoice value arise due to erroneous reporting of Credit Notes
The Hon’ble Madras High Court in the case of Oasys Cybernetics Private Limited disposed of the writ petition by setting aside the assessment order in case where the total taxable and invoice value was in negative due to erroneous reporting of Credit Notes as Input Tax Credit, thereby holding that, the demand should not be raised when there is no loss caused to the government in the aforesaid scenario.
GST not payable on amount recovered from permanent employees for canteen facility provided by employer
The AAR, Gujarat in the case of In Re. M/s. Suzuki Motors Gujarat Pvt. Ltd. ruled that, GST is not payable on amount recovered for canteen facility provided to employer from permanent employees only. It was further held that, the Applicant is eligible to claim ITC on the amount paid to the supplier of service for providing canteen facilities to the extent of cost borne by the Applicant in relation to permanent employees only.
Major GST relief for foreign airlines, shipping lines on cards after elections
The government is working on easing the ‘related party transaction’ clause under the Goods and Services Tax, for foreign companies in India.
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.
Noida Police begins action against absconding Delhi family after court order
Noida, Apr 16 (PTI) Police here on Tuesday said they have initiated steps against three absconding members of a Delhi-based family on a court order, directing them to depose in connection with its probe into a multi-crore GST scam or face action.
Apollo Tyres gets Rs 2.06 crore tax demand from Tamil Nadu officials
Apollo Tyres Ltd on Tuesday said it has received tax demand and penalty of Rs 2.06 crore from GST authority in Tamil Nadu over availing of input tax credit and other issues.
Many large companies to move Appellate Authority against GST demand notices
Many large companies that have received GST demand notices have decided to file an appeal with the Appellate Authority.