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...
12 Feb, 2024, 03.36 PM IST
M&M gets Rs 4.12 crore tax penalty; company to challengeMahindra & Mahindra has been fined Rs 4.12 crore for issues related to input tax credit claim and education cess credit balance carry forwa...
29 Dec, 2023, 01.25 PM IST
Hindustan Zinc gets 28.83-crore tax penalty noticeHindustan Zinc intends to file appeal before the Appellate Authority within the time limit prescribed for both these demands. “The company ...
28 Dec, 2023, 09.17 PM IST
Bombay HC restores GST registration; set aside a SCN issued by the CGST for want of reasonEarlier on September 5, the CGST issued summons to the petitioner in regard to avail of Input Tax Credit (ITC) by allegedly using fake invo...
09 Nov, 2023, 03.37 PM IST
Centre devolves Rs 3.09 lakh cr to states till JulyThe Centre has transferred over Rs 3.09 lakh crore to states out of the Rs 10.21 lakh crore that are budgeted for the current fiscal year, ...
25 Jul, 2023, 07.10 PM IST
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...
22 Mar, 2023, 08.38 PM IST
Why merging GST NAA with CCI may not be a prudent moveThe proposed merger of the two regulatory bodies may seem logical given the perceived commonality between the two – namely, regulation of e...
14 Nov, 2022, 09.52 AM IST
Arunachal Pradesh cabinet approves Tenancy Bill to boost rental housing marketThe Bill envisages striking balance on the rights of tenant and landlord and create an accountable and transparent ecosystem for renting of...
26 Aug, 2022, 06.50 PM IST
Kerala govt urges Union Finance Minister to extend GST compensation by 5 more yearsIn the letter written by Kerala Finance Minister K N Balagopal, the southern state also urged the Union Minister, who is also the chairpers...
29 Jun, 2022, 08.43 PM IST
Refund of input tax credit for input services cannot be claimed: Supreme CourtThe top court in its order set aside appeals filed against a Madras High Court judgement on the matter and affirmed the lower court’s decis...
13 Sep, 2021, 11.33 PM IST
Maharashtra: Nagpur DGGI busts Rs 213 cr input tax credit refund racketThe racket, which involved these non existent firms indulging in 'dubious' exports of tobacco products from ICD-Mihan and then claiming ITC...
05 Jul, 2021, 05.17 PM IST
GST council approves law to compensate states for revenue lossArun Jaitley said the GST Council approved the Compensation Law that will legally provide for the Centre making up for any loss of revenue ...
19 Feb, 2017, 12.35 AM IST
Arun Jaitley faces few hurdles in GST implementation"I am not going to bind myself with anything. Our effort is to do it as quickly as possible and I think we are making a reasonable headway,...
24 Dec, 2016, 09.29 AM IST
GST Council to discuss crucial issue of dual control on FridayDay one of the two-day Council meet ended on Thursday with no discussion on dual control but discussed the GST bills, the source added.
23 Dec, 2016, 12.25 AM IST
No consensus at GST Council, next meet on December 11-12The Council will also have to approve a law detailing compensation to states for loss of revenue in the first five years of the rollout and...
03 Dec, 2016, 11.30 PM IST
GST Council meet postponed to December 2-3“States desired some more time to internally deliberate on revised draft of the laws within their respective state(s),” a finance ministry ...
24 Nov, 2016, 12.42 AM IST
The Gordian knot of GSTCentre has applied the principle of keeping same base for CGST for goods, but it has not applied the same for services in SGST.
23 Feb, 2009, 03.40 AM IST