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CGST ACT
- Can a right to collect toll become taxable payment? The GST questionA Supreme Court case questions whether a government-granted right to collect tolls constitutes non-monetary payment for highway constructio...
SC sets aside show cause notice to Tata Steel over input tax credit availed during FY19-23The Supreme Court has quashed a tax demand notice against Tata Steel. This notice involved an alleged irregular input tax credit claim. The...- CGST Zone detects clandestine pan masala, tobacco unit, detects tax evasion of Rs 160 crHyderabad CGST Zone busted a clandestine pan masala and tobacco manufacturing unit. Officials detected approximately Rs 160 crore in duty a...
- Stocks in news: Hyundai Motor India, BSE, HEG, Hexaware Tech and Oil IndiaIndian equity markets extended their losing streak to a seventh consecutive session, with the Nifty50 closing lower at 24,078.30. Key corpo...
- SC rejects GST department review plea, telecom firms get relief on tower tax creditThe Supreme Court rejected a review petition from the GST Department. This decision confirms telecom towers are movable property for tax cr...
- Parlimentary panel asks revenue dept to conduct 'ground reality' check on physical check-postsIn a recent development, a parliamentary committee has pressed the revenue department to assess the impact of unauthorized check-posts that...
- No input tax credit for the innocent buyer after paying GST? Supreme Court settles who bears the cost when a supplier defaultsThe Supreme Court affirmed Gujarat High Court's decision on CGST Act Section 16(2)(c). This ruling validates the provision requiring tax pa...
- CBIC readies rules to facilitate filing of multi-state GST appealsThe Central Board of Indirect Taxes and Customs is preparing a new framework that will streamline departmental appeals involving multiple s...
- GST notice uploaded only on portal isn't valid service, high courts rule: What it means for taxpayersHigh Courts are questioning GST notice validity when only uploaded online. Punjab and Haryana High Court ruled portal uploads are not valid...
- GST Tax officer can allege fraud first and prove it later, Rules Madras High Court; Why this matters to every taxpayerGST officers can now issue fraud notices with a reasonable basis. Proof of fraud is not required at the initial notice stage. Businesses mu...
- Gaming founders appeal to GST Council for personal liability relief after Supreme Court rulingReal money gaming founders are urging the GST Council to shield them from personal tax liabilities and offer amnesty on past dues following...
- CGST Guwahati arrests two persons for fake invoice racket and contraventionGuwahati CGST has arrested two individuals for their involvement in a fake invoice racket. The accused confessed to obtaining GST registrat...
- SC notice to Centre on plea against HC verdict upholding anti-profiteering provision of CGST ActA division bench of the high court, on January 29, upheld the constitutional validity of Section 171 of the CGST Act, 2017 which mandates t...
- GST: Imposition of new ITC restrictions every year is diluting ease of doing businessAt the inception of GST, the availment of ITC was envisaged as a two-way communication whereby the supplier would upload the supply invoice...
- GST: Is recovery proceeding justified for differences in outward supply in GSTR-1 vs. GSTR 3BFrom January 2022 the difference between outward supply shown in GSTR-1 vs. GSTR-3B of the relevant period would be considered as self-asse...
- No GST on electricity charges recovered from tenantsGST has a concept of “pure agent”, under which if you incur an expense while providing a service to your customer, then on satisfaction of ...
- HC seeks Centre, DGGI reply on plea challenging constitutionality of sections of CGST ActA bench of Justices Manmohan and Sanjeev Narula issued notice to the central government and the Directorate General of GST Intelligence (DG...
- Auto dealers concerned over updated CGST ActThe revised rules for setting off input tax credit under this section were applicable from February 1.
- A change in GST means a car dealer’s working capital will go up by Rs 1 cr per monthChange in credit set-off methodology in CGST Act puts an unwarranted burden on auto dealers working capital requirement.
- Why GST's anti-profiteering rule will prove to be a minefield of litigationAs the GST Council continues to ponder approach, one needs to understand the anti-profiteering law as it now stands.
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