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CGST ACT 2017
Hyderabad: ITC fraud of Rs 32.28 cr unearthed, company director heldThe CGST Secunderabad uncovered a fraudulent Input Tax Credit case involving a significant amount of Rs 32.28 crore. A company director was...
Stocks in news: Tata Group stocks, HDFC Bank, Coforge, HFCL, Sun Pharma and Varun BeveragesOn September 11, Indian stock markets experienced a remarkable bounce back after an initial dip at opening. Key index heavyweights attracte...
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...
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...
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...
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...
Blue Dart Express shares in focus after Rs 420 crore GST demand notice to subsidiaryBlue Dart share price: Blue Dart Express’ subsidiary, Blue Dart Aviation, received a GST demand notice of around Rs 420 crore for alleged m...
Mahindra Holidays receives ₹363 crore GST demand notice over club membership tax reportingMahindra Holidays & Resorts India Ltd. has been served a tax demand notice of over Rs 363 crore, inclusive of penalty, concerning the repor...
Dabur India shares in focus after receiving Rs 320.6 crore GST demandDabur India faces a confirmed GST demand of ₹320.6 crore plus interest from the CGST Commissionerate, Chandigarh. While the penalty has bee...
More trouble for Patanjali: Company gets show cause notice from GST authority over ₹27 crore tax claimPatanjali Foods faces a show cause notice from GST Intelligence in Chandigarh for a Rs 27.5 crore tax claim, involving input tax, penalties...
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...
Vedanta Ltd arm Hindustan Zinc receives Rs 1.81 cr tax penalty orderBased on the Company’s assessment and prevailing law, the Company is hopeful of a favourable outcome at the appellate level and does not ex...
Maharashtra: Senior official of Chinese smartphone maker held for ITC fraud of Rs 19 croreManager of Finance and Accounts division of Oppo Mobiles India Private Limited, Mahendra Kumar Rawat, was arrested in Bhiwandi town and lat...
Both GST and Excise duty can be imposed on tobacco: Karnataka HCThe Karnataka High Court has ruled that the Union government is entitled to levy Central GST (CGST) as well as excise duty on tobacco and 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 intelligence unearths fake invoicing racket in AssamThe Guwahati Zonal Unit of Directorate General of GST Intelligence (DGGI) unearthed a fake invoicing racket allegedly involving in issuance...