04 Apr Employees get ₹3,731 crore GST penalty demand; Bombay HC strikes it down
Should an employee of a company be held responsible for forking out penalties related to tax demands raised on the company by revenue authorities?...
April 2024
04 Apr Mandatory E-Invoicing for Businesses with Turnover above INR 5 Crores
The GSTN, in its recent Advisory No. 628 dated April 3, 2024, has made e-Invoicing mandatory for businesses with a turnover exceeding INR 5 crores starting from April 1, 2024....
04 Apr High Court of Gujarat Rules on GST Case
In a significant legal development, the High Court of Gujarat has recently issued a noteworthy ruling in the case of OTSUKA PHARMACEUTICAL INDIA PVT LTD versus UNION OF INDIA....
03 Apr GST Applicability to Compensation for Liquidated Damages in Agreements
In a recent ruling by the Andhra Pradesh Authority for Advance Ruling (AAR) in AAR No. 12/AP/GST/2023 dated December 21, 2023, significant clarity was provided regarding the GST implications of compensation collected for liquidated damages under contractual agreements....
03 Apr Bombay HC Invalidates Tax Order Without Personal Hearing
In the case of Cowtown Software Design Pvt. Ltd. versus Union of India, heard in the Bombay High Court under Writ Petition (L) No. 31152 of 2023...
03 Apr Income tax department cracks down on PAN fraud for false HRA claims
The income tax department has unearthed a scam involving the fraudulent use of permanent account numbers (PAN) to claim house rent allowance (HRA) without actual tenancy....
03 Apr Prohibition on Retrospective GST Registration Cancellation Without Justification
In a recent judgment, the Hon’ble Delhi High Court, in the case of Rane Brake Lining Ltd. v. Superintendent, Range-17, Central GST Division [Writ petition (Civil) NO. 2259 OF 2024 dated February 16, 2024]...
02 Apr Investigation of Large Corporations and Multinational Companies under GST Requires ‘Formal Authorization’
The Department of Revenue has issued directives to CGST officials regarding the initiation of investigations into cases involving prominent industrial entities and multinational corporations (MNCs)....
02 Apr Madras High Court Invalidates GST Assessment Over ITC Disparity
In a significant ruling, the Madras High Court addressed the validity of a GST assessment order in the case of Sri Lakshmi Silvers versus The State Tax Officer, Gugai Circle, Salem....
02 Apr Decision by High Court Allows Refund of Reversed ITC When Supplier Pays Tax
The Delhi High Court, in the matter of Pedersen Consultants India Pvt. Ltd. v. Union of India and Ors. [W.P. (C) 1039/2024 dated March 19, 2024]...