In a significant development, the GST adjudicating authority has dismissed a Rs 1,500 crore GST demand imposed on Tata Sons in connection with a settlement payment made to Japan’s NTT Docomo. The case, which dates back to a 2017 arbitration settlement involving Tata Teleservices, was initially …
In a decisive move to combat the rising tide of tax evasion through bogus billing scams, the state and central Goods and Services Tax (GST) departments in Gujarat have initiated a comprehensive drive to identify and cancel fraudulent GST registrations. This initiative is part of a …
In the 2023-24 fiscal year, the Directorate General of GST Intelligence (DGGI) detected a staggering Rs 2.01 lakh crore in GST evasion across 6,084 cases, according to the agency’s annual report. This marks a significant jump from Rs 1.01 lakh crore detected in 2022-23, highlighting an …
In a major crackdown on fraudulent Input Tax Credit (ITC) claims, the Central Goods and Services Tax (CGST) Palghar Commissionerate has uncovered a fake ITC racket amounting to Rs. 59.11 crore. The operation led to the arrest of three individuals involved in orchestrating the scheme, including …
The Crime Investigation Department (CID) is getting ready to interrogating some of the officials of the commercial taxes department including the former Chief Secretary Somesh Kumar in connection with a GST scam. The case which lies in financial impropriety in the department was first registered by …
On September 14, Zomato announced its intention to appeal a recent GST order from the West Bengal government, which demands a total of Rs 5.6 crore for the period from April 2020 to March 2021. This amount includes GST, interest, and penalties. Initially, Zomato disclosed on …
CBIC Updates for e-Invoicing Recent changes have notably lowered the initial threshold for mandatory e-invoicing, which was formerly established at higher levels. This means that medium-sized enterprises are now subject to this requirement as well. Effective e-invoice solutions are now more important than ever to meet …
In a significant development under the Goods and Services Tax (GST) regime, Infosys has been slapped with a staggering tax demand of ₹32,000 crore. This pre-show cause notice was issued by the Bengaluru branch of the Directorate General of GST Intelligence (DGCI), covering the period from …
Key highlights from the 53rd GST Council Meeting: 1. Time limit for ITC availment under Section 16(4) to be retrospectively extended till 30th November for FY 2017-18 till FY 2020-21 2. For demand notices issued under Section 73 for FY 2017-18 till FY 2019-20, waiver of …
The Delhi Goods and Services Tax (GST) Department has recently issued significant instructions, aiming to streamline the rectification process for assessment orders under Section 161 of the DGST Act, 2017. These instructions, contained in Notification No.3(523)/GST/Policy/2024/1355-60 dated March 21, 2024, are poised to bring clarity and …
