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IGST NOTICE
Indian banks pause gold imports as renewed FinMin notification on IGST hangs fire in FY27Banks in India have paused gold and silver imports since April 1, pending an annual government notification that provides tax clarity for b...- Bombay HC quashes Rs 1,524 crore proposed GST demand on Tata Sons in Docomo arbitration payout caseThe Bombay High Court quashed a Rs 1,524 crore GST demand against Tata Sons, ruling that payments made to NTT Docomo as an arbitration awar...
- Supreme Court of India seeks replies on 28% IGST plea on phone batteriesThe Supreme Court is examining a customs department appeal. It seeks higher taxes on imported lithium-ion batteries for mobile phones. Manu...
- SC seeks response from IndiGo's parent company in Customs IGST disputeThe Supreme Court has sought a response from IndiGo's parent company, InterGlobe Aviation, regarding the customs department's appeal agains...
- 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...
- Insurance companies get ₹2,000 crore GST noticesGoods and services tax authorities have sent notices demanding unpaid GST from more than 20 insurance companies, including HDFC Ergo and St...
- Infosys mulls contesting Rs 32,403-crore GST noticeInfosys is considering contesting a Rs 32,403 crore notice for unpaid Integrated Goods and Services Tax (IGST) under the reverse charge mec...
- Karnataka withdraws pre-show cause IGST notice to InfosysThe IT services giant received the notices on July 31, pertaining to services it received from its overseas branches in various foreign cou...
- Exporters seek amnesty scheme on IGST refund issuesThe PHD Chamber of Commerce and Industry has written to the Central Board of Indirect Taxes and Customs calling for a one-off amnesty schem...
- Absence of medical resources forced Covid patients to fend for themselves: Delhi High CourtThe court made the observation while declaring as "unconstitutional" the Centre's decision to impose Integrated Goods and Services Tax (IGS...
- DRI detects double benefit by traders from IGST, compensation cess exemptionIn notices issued to several importers, the DRI field units have said that the importers were ineligible to claim refunds on exported goods...
- Commerce ministry raises issue of DRI notices to exporters over IGST with FinMinThe commerce ministry has stated that the "overzealous revenue collection" move by DRI (Directorate of Revenue Intelligence) was against ex...
- Exporters draw DRI wrath for alleged GST violationsMany exporters will now have to cough up Integrated Goods and Services Tax (IGST) and penalties as these notices mean that the tax departme...
- High Court stays action against some exporters for wrongly availing GST benefitsGST law amendment had brought in pre-import condition that denies IGST benefits to imports which had happened after exports.
- Pre-import rules for tax sops cannot be relevant in exports: Madras High CourtUnder the GST framework, however, the government stand is that exemptions in any part of the value chain would distort the system and hence...
- Exporters drag govt, DGFT, CBIC to court over export benefitsAbout 1,000 exporters were issued notices by the DRI in May, asked to pay fines, interest.
- Notice shot off to businesses for less IGST input credit claimThe effort of this exercise, officials said, is to find out whether the mismatch is on account of genuine errors by the businesses or with ...
- DRI slaps IGST notice on erring exportersThis could lead to a 100% penalty and interest that exporters may have to cough up in the coming months, said people aware of the developme...
- DBS Bank challenges IGST on services offered to Singapore HQDelhi HC admitted a writ petition filed by DBS Bank challenging certain sections of the IGST and issued notices to the govt & the GST counc...
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