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 …
The Union Government has initiated legal action by filing a transfer petition before the Supreme Court, aiming to consolidate all pending cases challenging GST notices issued to real money gaming companies across various High Courts. The move, aimed at streamlining the legal process and ensuring uniform …
In a move to streamline outstanding demands and disputed amounts, the Rajasthan GST Department has introduced the Amnesty Scheme-2024, aiming to provide relief to taxpayers and facilitate the resolution of pending issues. The announcement, made through a notification dated February 29, 2024, marked a significant step …
In a significant development, the Noida police have executed a district court order to attach immovable assets belonging to two Delhi-based individuals accused of orchestrating a massive GST fraud amounting to nearly ₹10,000 crore. This action comes in the wake of an extensive investigation launched last …
Biocon Ltd, a leading biopharmaceutical company, disclosed in a regulatory filing that it has been served with an order of adjudication, imposing a penalty of Rs 3,03,78,465. The penalty, dated February 22, 2024, originates from the office of the Deputy Commissioner of Commercial Taxes, Divisional GST …
In a recent development, Star Health and Allied Insurance Company Ltd disclosed receiving a significant tax demand order amounting to Rs 170 crore, coupled with a penalty of Rs 8.7 crore, pertaining to alleged non-payment of GST liability on re-insurance commission received during the fiscal year …
In a significant development, the Goods and Services Tax (GST) department has initiated action against numerous builders, issuing notices to reverse Input Tax Credit (ITC) claimed for the fiscal years 2017-18 and 2018-19. These notices specifically address ITC claimed on unsold apartments at the time of …
The Goods and Services Tax (GST) Council is deliberating on issuing a circular to resolve the recent controversy surrounding notices sent to Indian subsidiaries of foreign companies regarding the taxation of salaries paid to expatriates. This potential circular aims to provide clarity on input tax credit …
A senior official from the Finance Ministry has disclosed that any substantial changes in the Goods and Services Tax (GST) rates are likely to be postponed until after the upcoming Lok Sabha elections. This announcement comes amidst ongoing discussions regarding potential rate adjustments within the GST …
In a bid to enhance convenience and accessibility for taxpayers, the Goods and Services Tax (GST) portal has rolled out a significant update, now allowing GST payments through Credit Cards and Debit Cards. This latest feature, coupled with the inclusion of four new states – Jharkhand, …
