HC Quashes Demand Order as Proper Notices Were Not Served, Breaching Natural Justice. Issue Is an assessment order passed under Section 73 of the CGST Act legally sustainable if the tax authorities failed to properly serve the mandatory statutory notices on the taxpayer, thereby passing an ex parte order in violation of the principles of… Read More »
The time taken to issue a deficiency memo must be excluded when calculating the GST refund limitation period. Issue For the purpose of calculating the two-year limitation period for filing a GST refund claim under Section 54, should the time period from the date of filing the original application to the date of issuance of… Read More »
HC Rejects Plea to Include Petrol in GST, Citing Policy Prerogative of Council. Issue Can a High Court issue a writ of mandamus to compel the GST Council to determine and fix a specific date for the inclusion of petroleum products (petrol and diesel) within the Goods and Services Tax (GST) regime? Facts Public Interest… Read More »
HC Quashes Composite GST Order, Mandates Separate Assessment for Each Tax Period. Issue Whether a single, composite show-cause notice or assessment order can be legally issued under the GST Act to cover multiple, distinct tax periods (such as different financial years), or if separate proceedings are required for each period. Facts The petitioners challenged assessment… Read More »
GST 2.0: Car Sales Surge, But Food and Medicine Price Cuts Still Missing A survey indicates that the Goods and Services Tax (GST) 2.0 rate rationalization successfully boosted sales in the automobile sector during the festive season, but the intended price benefits for daily essentials like food and medicines remain largely elusive for consumers. Key… Read More »
Policybazaar Sees Record Surge in Traffic Post-GST Insurance Reforms The article reports that the recent Goods and Services Tax (GST) rate reforms on insurance premiums led to a record-breaking surge in consumer traffic and engagement on the online insurance platform, Policybazaar. Key Impact Metrics Record Traffic: Policybazaar witnessed its highest-ever single-day traffic and conversion rates… Read More »
Annual GST Filing Enabled: GSTR-9 and GSTR-9C Now Open for FY 2024-25 The GST Network (GSTN) has activated the filing facility for the Annual Return (GSTR-9) and the Reconciliation Statement (GSTR-9C) for the Financial Year 2024-25. Key Filing Details Financial Year: The filing pertains to FY 2024-25. Filing Enabled: Taxpayers can now access the functionality… Read More »
FHRAI Demands Major GST Relief for Hospitality Sector The Federation of Hotel and Restaurant Associations of India (FHRAI) has called on the government for urgent and extensive Goods and Services Tax (GST) reforms to provide significant financial relief to the hospitality sector. Key Demands for GST Relief Restoration of Input Tax Credit (ITC): FHRAI seeks… Read More »
Two Tax Officials Arrested in Surat for Taking Bribe The Anti-Corruption Bureau (ACB) arrested two tax officials in Surat for allegedly demanding and accepting a bribe. Key Details of the Incident Officials Arrested: The ACB apprehended two officials of the tax department (likely GST or Commercial Tax officials). Allegation: The officials were accused of demanding… Read More »
HC Quashes Section 74 Demand as Fraud Was Not Proven, Transaction’s Genuineness Upheld. Issue Can tax authorities sustain a demand and deny Input Tax Credit (ITC) under Section 74 (which deals with fraud, wilful misstatement, or suppression of facts) against a taxpayer who has provided substantial evidence proving the genuineness of a transaction, especially when… Read More »