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GST LITIGATION
Booked flat for Rs 24 lakh in 2010, paid Rs 40 lakh over time, still no possession in 2026; homebuyers awarded full refund and Rs 2.5 lakh compensation eachThe case dates back to 2010 when the two homebuyers had made bookings for 3BHK flats in a housing society project initially proposed in Noi...
Five reforms India needs before the next shockIndia faces economic vulnerabilities from external crises. Five reforms are proposed to build resilience. These include reducing gold and c...
GST@9: Building a more seamless, certainty-driven input tax credit frameworkA more balanced and predictable approach can help safeguard revenue, reduce disputes, enhance taxpayer confidence, and create a more effici...
Online gaming money tax dispute: GST to be charged on full value of the deposit, rules Supreme Court, know how it impacts the playersThe Supreme Court has settled India's online gaming tax dispute. GST will now be charged on the full value of player deposits, not just the...
At Big 4 firms, AI is starting to reshape the tax professionMajor accounting firms in India are embracing artificial intelligence for tax services. AI is automating routine tasks, research, and draft...
All bets are off as SC’s GST ruling squeezes RMG companiesThe GST demand of Rs 92,000 crore on past transactions will also impact larger players such as Dream11, Junglee Games and Mobile Premier Le...
Swiggy CEO on failed shareholder vote; Indian firms brace for MythosHappy Thursday! Swiggy group CEO Sriharsha Majety opened up about the recent hitch to become an Indian-owned company. This and more in toda...
West Bengal tax body rejects Flipkart’s GST exemption model for delivery chargesFlipkart's bid to exempt delivery charges from GST by classifying itself as a Goods Transport Agency has been rejected by the West Bengal A...
Delhi HC stays GST appellate tribunal order for Tata Play to deposit Rs 450 croreThe Delhi High Court has stayed an order directing Tata Play to deposit ₹450 crore for alleged profiteering under GST, pending further hear...
GST fault line: Supreme Court to rule if taxman can bundle years into one sweeping show-cause noticeThe Supreme Court is set to decide if tax authorities can issue a single show-cause notice for multiple financial years. This procedural is...
Establish 'GST-like' industrial land council for dispute resolution: CIIIndustry lobby CII proposes a National Industrial Land Council, mirroring the GST framework, to standardize regulations and resolve dispute...
GST 2.0 Inverted duty structure hurts FMCG, Pharma: Expert flags concernsIndian enterprises are navigating challenges posed by the Goods and Services Tax. The inverted duty scenario is particularly affecting FMCG...
Have you taken a backup? Old GST data to be archived from GST portal after September 30, 2024Goods and Services Tax (GST): GSTN in an advisory said that old GST return data relating to 2017 is going to be archived and hence not view...
TTML faces claims worth Rs 615 cr in pending litigationsTata Teleservices Maharashtra Limited (TTML) faces claims worth Rs 615.41 crore which are under litigation in various courts across the cou...
How to resolve mushrooming GST disputesUnder GST, disputes arise from differences in tax paid by the assessees and the computation of tax liability by authorities.
GST: From payment for not serving notice period to cheque dishonour, CBIC clears the airThe Circular also mentions non-compete fees, late payment charges by utility providers of electricity, water or cancellation charges levied...
Anti profiteering in GST– Is litigation an option?The premise of anti-profiteering is that if the government has given up its revenue, this benefit has to be passed on and enjoyed by the co...
HC judges, experts brainstorm on likely GST litigationsTop domain experts and officials from the GST Intelligence and the Central Board of Excise and Customs have briefed judges about the new ta...
Lawyers are smiling as GST set to fuel litigation waveEven before the planned July 1 roll out, about 100,000 indirect tax appeals were clogging India’s judicial system at the end of March, 2015.
Institute of Company Secretaries to conduct 100 seminars on GSTThere are more than 4 lakh students of Company Secretaries in the country and the ICSI has about 46,000 members.