GST

Dec 7

Bajaj Electricals Ltd's GST Tax Demand: A Drastic Reduction from Rs 1.48 Crore to Rs 6.09 Lakh for FY 2017-18 - What's the Story?

Bajaj Electricals Ltd has made headlines with a stunning reduction in its GST tax demand for the financial year 2017-18. Originally set...

Dec 7

Navigating the Uncertainties of New Invoice Management System (IMS) under GST: What You Need to Know

The Goods and Services Tax (GST) system in India has undergone significant changes since its launch in 2017. One of the most important...

Dec 6

Understanding the Birla Corporation Appeal Victory: A Closer Look at CenVat Credit on Capital Goods for Construction

Birla Corporation recently secured a pivotal legal victory involving a ₹3.73 crore demand related to CenVat credit on capital goods. This...

Dec 6

CGST Act Ruling: Determining Intent to Evade Tax in Vijay Trading Company v. Additional Commissioner

In a landmark ruling by the Allahabad High Court on August 20, 2024, the case of Vijay Trading Company v. Additional Commissioner ...

Dec 6

Unveiling the Unknown: Shree Renuka Sugars Limited Faces Penalty for Wilful Default and Incorrect Tax Credit Usage

Navigating the complex waters of finance and taxation can be challenging, especially for large companies like Shree Renuka Sugars...

Dec 5

Is the Penalty of only Rs 20,000 for ITC Mismatch in Maharashtra Unjustifiably Low for Adani Enterprises Ltd?"

On December 4, 2024, the Deputy Commissioner of State Tax in Maharashtra imposed a penalty of Rs 20,000 on Adani Enterprises Limited....

Oct 15

Challenging GST Registration Cancellation: The Story of Ashok Kumar (M/S Surya Sales Corporation)

In a corporate landscape where compliance is king, the tale of Ashok Kumar and M/S Surya Sales Corporation stands as a testament to the...

Apr 5

No Penalty if eway bill generated with clerical error

In the case of M/S Indeutsch Industries Private Limited V. State of UP, the Allahabad High Court Passed its judgement on 02 Feb 2024 that...

Aug 20, 2023

ITC not allowed to Purchaser if Seller defaults in GST Filing

The Patna High court in the following case has clearly passed the decree that ITC not allowed to purchaser if seller defaults in GST...

Jun 18, 2023

Finalization of Balance Sheet with #GST Perspective

During finalisation of accounts, the following points are to be considered while finalisation of such assets. 1. Blocked/ Ineligible...

Jun 18, 2023

Can we claim #GST #ITC on Ola/Uber and Other Cab Charges ?

The scope of restriction under section 17(5) of the CGST Act was widened by placing restriction on rent-a-cab to leasing, renting or...

Jun 18, 2023

Can we claim ITC on purchase of Motor Vehicle ?

ITC is blocked on certain types of motor vehicles even though they may be used in the course or furtherance of business. This would be so...

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