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“Unmasking the GST Scam: The Shiv Kumar Deora Saga”
Cracking the Case: Unveiling the Intricate GST Scam The relentless pursuit of the Jamshedpur GST Intelligence team has led to a significant breakthrough in the arrest of Shiv Kumar Deora in Kolkata. This arrest sheds light on a complex GST scam potentially worth over Rs
Delhi Sales tax bar demonstration against vague notices and orders of Deptt
In an important updated the Delhi sales tax bar association demonstrated against the department.The reason behind that was the vague notices and orders by the GST department. AI generated vague notices The department is sending notices based on the AI data. Now AI lists every
CA Shafaly GirdharwalDriving Sustainability: Lowering GST on Auto LPG
Introduction The Indian Auto LPG Coalition (IAC) has urged the national government to reduce the Goods and Services Tax (GST) on Auto LPG from 18% to 5%, aligning with recent adjustments in the natural gas sector. This call for action comes in response to Andhra
Whether the IBC will prevail GST- Judgment 2024
Petitioner Eden Real Estates Pvt. Ltd. & Anr Respondent The Assistant Commissioner of State Tax, Bhabanipur Charge & Ors. Comment Whether the provisions of IBC will supersede the provisions of GST. In case the supplier couldn’t pay the tax due to insolvency whether
CA Shafaly Girdharwal“Deciphering GST on Corporate Guarantees: Navigating Uncertainties”
Introduction Indirect tax experts are seeking clarity on the levy of Goods and Services Tax (GST) on corporate guarantees provided by Indian companies on behalf of their subsidiaries. A notification issued by the finance ministry in October 2023 has sparked discussions and raised questions regarding
“DGFT Allows Merchanting Trade Within Single Foreign Country”
DGFT Notification Allows Merchanting Trade within Single Foreign Country The Directorate General of Foreign Trade (DGFT) has issued a significant amendment to the Foreign Trade Policy, 2023, through Notification No. 62/2023 dated February 29, 2024. This amendment marks a notable shift by permitting merchanting trade
Revolutionizing Regional Trade: India’s Digital Leap in the North East
Introduction: In a landmark endeavor aimed at revolutionizing regional trade efficiency, Union Finance Minister Smt. Nirmala Sitharaman inaugurated the Electronic Data Interchange (EDI) at Land Customs Stations (LCS) in the North East Region. This momentous step is poised to enhance transparency, streamline operations, and bolster
“Streamlining Import Duty Payments: The ECL Initiative”
Introduction: In a bid to modernize and streamline import duty payments, the Indian government has introduced the Electronic Cash Ledger (ECL) as the designated mode of payment for goods imported through International Courier terminals, effective from March 01, 2024. Implementation Timeline: The journey towards adopting
March 2024: Key Changes Affecting Businesses and Consumers
GST Rules Update: Effective March 1, businesses with a turnover exceeding ₹5 crore will face new GST rules. They must now include e-invoice details for all B2B transactions to generate e-way bills for inter-state goods transportation valued over ₹50,000. This change aims to streamline tax
“Roadblocks and Routes: OTAs in Bus Ticketing”
Overcoming Regulatory Challenges: OTAs in the Bus Ticketing Industry Online travel agencies (OTAs) are currently spearheading the expansion of the bus ticketing segment, which has emerged as a focal point for growth. Nevertheless, recent policy shifts have presented obstacles, prompting a demand for equitable regulatory
“Madras HC: Medical Reasons Valid for GST Appeal Delay”
Introduction: The Hon’ble Madras High Court, in the case of M/s. Great Heights Developers LLP v. Additional Commissioner Office of the Commissioner of CGST & Central Excise, Chennai, allowed an appeal before the Appellate Authority, emphasizing the validity of medical reasons for delay in filing
Fake Inverted rated refund using hand pumps
Introduction: A recent scam has come to light in Uttar Pradesh, where fraudsters have been using hand pumps to claim fake refunds under the Inverted Duty Structure (IDS) mechanism of the Goods and Services Tax (GST). Understanding the Inverted Duty Structure (IDS): The IDS allows