Goods and Services Tax - Page 5

Zomato and Swiggy Face Rs 750 Crore GST Demand

Introduction: Zomato and Swiggy, two giants in the food delivery sector, are now grappling with GST demand notices amounting to a staggering Rs 750 crore, as revealed by a report from the Directorate General of Goods and Services Tax Intelligence (DGGI). The crux of the matter revolves around the nature of food delivery services and [&hel...

TNVAT: Recovery proceedings cannot be initiated until Investigation is completed

Shewil Trading Company Vs Commissioner of Commercial Taxes (Madras High Court)

In a Madras High Court ruling, recovery proceedings against Shewil Trading Company are halted until the Cyber Crime Cell completes its investigation. Know the case, implications, and the direction given by the court....

GST Demand Notice cannot be enforced during pendency of Stay Application

Kerala HC disposed of writ petition directing Revenue Department to process Stay Application in one month without enforcing Demand Notice during pendency. Mathew Scaria v. Deputy Commissioner case under KGST Act....

GSTN Advisory: Act on Reclaimed ITC Reversals by November 30, 2023

Understand the new Electronic Credit and Re-claimed Statement feature, reporting obligations, and reconciliation procedures. Key dates: November 30, 2023, for reporting and December 31, 2023, for amendments....

GST: Whether Baby Finally Out of the Cradle ? (Analysis With Respect to the Success Till Date , Loopholes And Way Forward)

GST Analysis: Get insights on the success till date, loopholes and way foreword in this analysis of Goods and Service Tax...

CGST Rule 37A: Reversal & re-availing of Input Tax Credit

Dive into implications of CGST Rule 37A on input tax credit reversal. Learn process, time limits, and consequences for recipients and suppliers. ...

Section 54(1) Time Limit for GST Refund: Directory, Not Mandatory

Lenovo (India) Pvt. Ltd. Vs Joint Commissioner of GST (Appeals-1) (Madras High Court)

Explore Lenovo vs Joint Commissioner GST case on Section 54(1) time limits for GST refund. Detailed analysis of rejection and mismatch issues. ...

High court reduces GST Penalty from Rs. 56,00,952 to Rs. 10000

Clear Secured Services Private Limited Vs Commissioner, State Tax GST, U.P. Commercial Tax, Lucknow And Another (Allahabad High Court)

Allahabad High Court judgment reduces GST penalty from Rs. 56,00,952 to Rs. 10,000 in Clear Secured Services Pvt Ltd vs Commissioner case. Analysis and implications....

ASMT-10 Notice (Automated Return Scrutiny Module)

Learn about the ASMT-10 notice & automated return scrutiny of CBIC & ACES-GST. How to work with the new module for GST returns FY19-20 compliance?...

Basics of GSTR-9 & GSTR-9C

Amidst this dynamic tax framework, GSTR-9 and GSTR-9C play crucial roles in ensuring compliance and transparency. Understanding these forms is essential for businesses operating under the GST system....

Goods and Services Tax India

The Goods and Services Tax or better known as GST is a Value added Tax and is a comprehensive indirect tax which is levied on the manufacture, consumption, and sale of goods and services. The Goods and Services Tax in India would replace all the indirect taxes which are levied today on goods and services by the Central and the State governments. GST is intended to be comprehensive for most of the goods and services. Goods and Services Tax is a single indirect tax for the entire nation, which would make India a unified market. It is proposed to be a single tax on supply of goods and services, from a manufacturer to the end consumer. The credit of all the input taxes which are paid at each and every stage would be allowed in the following stages of value addition that makes GST basically a tax on value addition only at every stage. The end consumer would have to bear only the Goods and Service Tax which is charged by the final dealer within the supply chain, together with all the set-off benefits availed at previous stages.

At Taxguru, we provide all the latest GST news to our viewers. Our group of expert keep a close check on all the latest developments and provide a comprehensive analysis on GST updates. We keep updating our portal with articles on GST for the enlightening our readers. Bookmark us for all the GST articles and much more on GST.