Comment The court’s decision to set aside the penalty order and direct a fresh assessment aligns with principles of fairness and adherence to legal requirements. It underscores the importance of establishing intent to evade tax before imposing penalties under Section 129 of the GST Act.
Introduction The recent rulings by the Andhra Pradesh Authority for Advance Rulings (AAR) have brought clarity and raised questions regarding the Goods and Services Tax (GST) applicability in the agricultural sector. In a case involving Gayatri Enterprises, the AAR addressed the taxation nuances surrounding processed
Impact of Revised GST Rates on Infrastructure Projects The recent adjustments in Goods and Services Tax (GST) rates for work contracts and sub-contracts have brought about significant implications for infrastructure projects in Chennai. Challenges Faced by Local Authorities Local authorities, including the Greater Chennai Corporation
Crackdown on FMCG Companies for Alleged Tax Evasion The Directorate General of GST Intelligence (DGGI) has launched actions against several major players in the fast-moving consumer goods (FMCG) sector, including ITC, Prataap Snacks, PepsiCo, Balaji Wafers, RP Sanjiv Goenka Group, and others, for alleged tax
Introduction: Finance Minister Atishi outlined the state’s plan to strengthen its Goods and Services Tax (GST) administration, aiming for a faceless system. She emphasized the need to modernize the IT infrastructure of GST and transition to a faceless tax administration model. Tax Collection Growth: According
Introduction: The recent decision to deny bail for Tausif Padhiar in connection with a fraudulent billing case has brought significant attention to the ongoing investigation conducted by the city crime branch. Alongside three other individuals, Padhiar was apprehended in January due to suspicions of involvement
Introduction: The GST Council, responsible for crucial tax-related deliberations, has faced constraints in meeting its mandated schedule due to various commitments. Notably, the council couldn’t convene in January and February as dictated by rules, owing to the budgetary obligations of both the Union and State
Navigating the Challenges of GST on Affiliation Fees for Public Universities in Maharashtra Public universities in Maharashtra are currently grappling with challenges related to the Goods and Services Tax (GST) on affiliation fees. Recent correspondence from GST authorities has sparked concerns among these institutions, prompting
Introduction: The Ministry of Heavy Industries is currently assessing proposals to decrease the Goods and Services Tax (GST) on flexible fuel vehicles (FFVs) from the prevailing 28 percent. This initiative responds to requests received by the ministry, advocating for a reduction in GST rates to
Delhi Government to Modernize GST Administration in Budget 2024-25 During the presentation of the annual budget for 2024-25, Delhi’s Finance Minister Atishi announced plans to enhance the Goods and Services Tax (GST) administration, aiming to make it more efficient and faceless to bolster revenue collection.
