CESTAT Kolkata sets aside penalty on Rakesh Magoo, citing lack of evidence and violation of natural justice in customs undervaluation case.
Allahabad HC upheld GST order as valid due to taxpayer’s failure to respond to notices and show cause, confirming tax, interest, and penalty liabilities.
Karnataka HC rules solatium for metro land acquisition as compensation under CGST Act, not subject to GST. Details on court’s reasoning and legal provisions.
Allahabad HC directs NOIDA to compensate for a GST deposit error, ruling that recipients shouldn’t suffer penalties due to supplier mistakes in tax compliance.
Supreme Court grants benefit of doubt to Gastrade International due to inconclusive evidence in HSD vs Base Oil classification dispute. Read the case summary.
Provisional attachment under GST aims to protect revenue but often raises concerns about misuse. Explore its legal framework, impact, and judicial precedents.
Input tax credit (ITC) claims under GST are proving challenging for taxpayers. Stringent conditions, supplier issues, and court rulings create uncertainty. Proper documentation is crucial for businesses to avoid penalties and ITC rejection.
In GST, the importance of reconciliation has increased multi-fold due to the compliance process that law brings in along with its legal provisions. The compliance process in GST generally requires filing of multiple returns by the taxpayer.