GST intelligence wing, ET LegalWorld
The directorate general of Goods and Services Tax Intelligence Wing (GST IW), Jamshedpur regional unit, has exposed tax fraud, estimated to exceed ₹100 crore. Led by joint director Sarthak Saxena, six teams comprising 40 members conducted raids across eight locations in Jugsalai, Adityapur, and NH-33. The 30-hour operation, which began on Friday, concluded on Saturday. […]
Life insurance companies challenge GST exemption for term policies, ET LegalWorld
Life insurance companies are opposing a proposed Goods and Services Tax (GST) exemption on term insurance policies. They argue that losing input tax credits (ITCs) on their expenses would increase costs, ultimately raising premiums for consumers. The industry presented its case to a government panel reviewing GST rates, led by Bihar Deputy Chief Minister Samrat […]
CBIC removes 18% GST on rent from property owners not registered under GST, ET LegalWorld
In a significant development for small taxpayers under the composition scheme, the Central Board of Indirect Taxes and Customs (CBIC) eliminated 18% GST on rent when they lease premises from property owners not registered under GST. This decision is expected to substantially benefit several restaurants and service providers in the sector. The GST department previously […]
Kamal Envirotech Pvt. Ltd vs Commissioner Of Gst And Anr on 17 January, 2025
Delhi High Court Kamal Envirotech Pvt. Ltd vs Commissioner Of Gst And Anr on 17 January, 2025 Author: Yashwant Varma Bench: Yashwant Varma * IN THE HIGH COURT OF DELHI AT NEW DELHI % Judgment reserved on: 09 January, 2025 Judgment pronounced on 17 January, 2025 + W.P.(C) 12142/2022 KAMAL ENVIROTECH PVT. LTD …..Petitioner Through: […]
Protection against arbitrary arrest and coercion by GST officers; CBIC changes arrest and bail guidelines under GST, ET LegalWorld
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. […]
GST tribunals likely to take six more months to begin operations, ET LegalWorld
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 must explain ‘grounds of arrest’ to offenders, obtain acknowledgement: CBIC, ET LegalWorld
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 […]
DOMS Industries wins GST dispute, ₹19.16 cr demand dropped, ET LegalWorld
DOMS Industries Limited has received an Order for dropping the proceedings under section 73/74 of CGST Act, 2017, wherein the demand as per the said notice has been dropped and concluded, According to DOMS Industries’s exchange filing. The Company’s subsidiary had earlier received the notice for mismatch of Ineligible ITC claimed in GSTR – 3B […]
SC stays GST show-cause notices to online gaming sector in temporary relief, ET LegalWorld
The Supreme Court on Friday stayed the Goods and Services Tax (GST) show-cause notices, issued to several online gaming companies to the tune of Rs 1.12 lakh crore, providing temporary relief to the sector. The apex court stayed all further proceedings with respect to all show-cause notices, issued by the Directorate General of GST Intelligence […]
SC stays GST notices worth over Rs 1 lakh crore against online gaming firms for tax fraud, ET LegalWorld
The Supreme Court on Friday stayed showcause notices issued by GST authorities worth over Rs 1 lakh crore to online gaming companies and casinos over alleged tax evasion. A bench of Justices J B Pardiwala and R Mahadevan said the matters required hearing and all proceedings against the gaming companies should remain stayed in the […]