Creative Bharat
Now a Goods and Service Tax (GST) proper officer can’t arbitrarily arrest a GST registered person due to a recent amendment in GST arrest instructions. Moreover, now GST proper officers have to explain to the taxpayers about the ‘grounds of arrest’ and also obtain a written acknowledgement from them about their understanding of the explanation. […]
Highlights Cipla Limited has received a demand order imposing a total penalty of ₹ 9,77,24,792 under various provisions of the Central Goods and Services Tax Act, 2017, including a significant penalty for inadmissible Input Tax Credit. The company plans to challenge the demand order, asserting that the penalty is arbitrary and unjustified, while stating that […]
Now a Goods and Service Tax (GST) proper officer can’t arbitrarily arrest a GST registered person due to a recent amendment in GST arrest instructions. Moreover, now GST proper officers have to explain to the taxpayers about the ‘grounds of arrest’ and also obtain a written acknowledgement from them about their understanding of the explanation. […]
The Electric Vehicle (EV) industry is urging the government to reduce the GST on EV batteries from the current 18 per cent to 5 per cent, aligning it with the GST rate applied to electric vehicles in the upcoming Budget. The industry expects this change to make EVs more affordable and encourage broader adoption. The […]
Hero MotoCorp There is a strong case for GST reduction on two-wheelers up to 125 cc as these cater to non-sin goods but mobility option for masses in the country, Hero MotoCorp CEO Niranjan Gupta said on Wednesday. The government should also continue on the path for long-term growth, stability and investments, he added. He […]
The Delhi High Court has quashed the GST levy on licence fees collected by Electricity Regulatory Commissions. “We find ourselves unable to accept, affirm or even fathom the conclusion that regulation of tariffs, inter-State transmission of electricity or the issuance of licences would be liable to be construed as activities undertaken or functions discharged in […]
The goods and services tax tribunals (GSTAT) could take another six months to get operational, with many states yet to appoint members or allocate buildings for the offices. Also Read: Delhi-NCR weather: Dense fog covers national capital as temperature drops to 7 degree Celsius; Train, flight operations impactedThe tribunals were expected to start functioning from […]
GST officers will now have to explain to offenders about the “grounds of arrest” and obtain a written acknowledgement from them, the CBIC said on Monday. Modifying the guidelines for arrest and bail in relation to offences punishable under the GST Act, the Central Board of Indirect Taxes and Customs (CBIC) said: “The grounds of […]
The Central Board of Indirect Taxes & Customs (CBIC) on Monday asked its officials to explain the grounds of arrest to the arrested person and obtain an acknowledgement from him. The board has amended its guidelines after a ruling by the Delhi High Court. “The grounds of arrest must be explained to the arrested person […]
New Delhi: The Supreme Court on Friday stayed Goods and Services Tax (GST) proceedings against 49 online gaming companies over retrospective demand notices issued to them, a decision that pushed up the share price of some of the listed entities. A bench of Justices J B Pardiwala and R Mahadevan passed the interim order, while […]
