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.
Delhi businessman arrested in Rs. 10,000 crore GST fraud case
Noida police on Wednesday arrested a Delhi-based businessman for his alleged involvement in the Rs.10,000 crore GST [good and services tax] irregularities case, senior officers said, adding that more than 30 people have been arrested in the case since the irregularities came to fore in last June.
Complexity of GST framework — how companies can avoid fraud
The Goods and Services Tax (GST) was implemented with the primary aim of simplifying the taxation system. However, despite concerted efforts by authorities to achieve this goal, the GST framework remains inherently complex. This complexity not only poses challenges for taxpayers but also creates loopholes that can be exploited by fraudulent entities, leading to significant revenue losses for the government.
Billionaire Businessmen Arrested In Multi-Crore GST Fraud Case In Noida
In a breakthrough in the Goods and Services Tax (GST) fraud case, the Noida Police on Wednesday said it has arrested two Haryana-based “billionaire businessmen” who allegedly masterminded the multi-crore revenue loss to the exchequer. The accused are in the business of metal scrap and have collectively caused a revenue loss of around Rs. 25 crore to […]
Perquisites provided by the employer to the employee under the contractual agreement would not be considered as Supply under GST
The Gujarat AAR in the matter of Kohler India Corporation (P.) Ltd., In re [Advance Ruling No. GUJ/GAAR/R/2024/03 dated January 05, 2024], held that where the Applicant under the Factories Act, 1948 (“the Factories Act”) entered into a contract with the canteen service provider (“CSP”) to provide canteen facilities to workers, then the deductions made by […]
GST DAILY – 183
HC directs GST Dept. to expeditiously consider rectification application filed by assessee who claimed ITC under wrong head
Ceat faces GST dispute in Bihar, plans appeal against order
Ceat is dealing with a Goods and Services Tax (GST) demand issued by the Assistant Commissioner of State Tax in Bihar. The Assistant Commissioner of State Tax, Bihar, has issued an order confirming a GST demand, which includes interest and /or penalties. The order, made under section 73 of the State Goods and Services Tax, […]
Credit should not be denied when ITC not reflected in GSTR -3B is claimable based on GSTR-2A and GSTR-9
The Hon’ble Madras High Court in the case of Sri Shamunga Hardwares Electricals v. State Tax Officer [Writ Petition No. 3804 of 2024 dated February 20, 2024] allowed the writ petition, thereby holding that, Credit should not be denied when ITC claim is not reflected in Form GSTR-3B return in case where the Assessee filed […]