A division bench comprising Justice Arvind Kumar and Justice N V Anjaria issued notices to the Union of India on December 15, asking it to file its response by March 25, 2026. Indian automobile dealers have approached the Supreme Court seeking a refund of around ₹2,500 crore of accumulated GST compensation cess credit, after representations […]
Uttar Pradesh added more than 35,000 GST assesses in November, first month of granting registration within 3 days, data from GST portal showed. This is the highest increase among States, with Maharashtra, Gujarat, Tamil Nadu and Karnataka ranked after UP. With this UP is all set to touch 21 lakh mark in terms of GST […]
UltraTech is the country’s leading cement maker, with a capacity nearing 200 million tonnes per annum. UltraTech Cement on Saturday said it has received a GST demand notice for a total payment of ₹782.2 crore, which it plans to contest before the appropriate forum. “The Company is reviewing the Order, considering all legal options, and […]
Surat-based Amit Rastogi booked an under-construction flat for ₹85 lakh. The developer levied GST at 5% on each installment, increasing the overall cost of the property. Since the value exceeded ₹50 lakh, Amit was also required to deduct 1% TDS on every payment and deposit it using Form 26QB. Before buying a property, homebuyers should […]
UltraTech Cement on Saturday said it has received a demand notice of Rs 782.2 crore from GST authorities and plans to challenge the order before the appropriate forum, according to PTI.In a regulatory filing, the Aditya Birla Group company said it is reviewing the order and considering all legal options. “The Company is reviewing the […]
Major Indian consumer goods and auto companies are boosting manufacturing investments over the next two years. This move signals confidence in sustained demand growth. India’s consumer goods and auto majors are stepping up fresh investments in manufacturing over the next two years, betting on sustained demand growth as the impact of the goods and services […]
The Comptroller and Auditor General (CAG) on Thursday said that the Central Board of Indirect Taxes and Customs (CBIC) faces a sizeable staffing shortage in its audit formations, with 38 percent of positions vacant as of July 1, 2024, leading to gaps between planned and completed audits.The CAG’s report on the Department of Revenue for […]
ICICI Bank India’s second largest private banker ICICI bank on Thursday said that it has received an order from Additional Commissioner of CGST (Central Goods and Services Tax) and CEx., Mumbai East Commisionerate, on December 17, 2025. The GST demand notice is related to services provided to customers maintaining specified minimum balances, the amount for […]
The year 2025 has been favourable for real estate from a taxation perspective. Simplified capital gains rules and streamlined GST have brought greater clarity for homebuyers, prompting even fence-sitters to consider making a purchase. Here’s a closer look. Simplified capital gains rules and streamlined GST brought greater clarity for homebuyers in 2025, (Representational Image) (Pexels […]
New Delhi, The revision in GST rates that kicked in from September 22, as part of the economic reforms of the government, have resulted in a 5 per cent growth in the revenue of states (Gross SGST + IGST settled to States) during the period from September to November of the current financial year compared […]
