The Supreme Court has quashed a petition filed by the authorities against a Calcutta High Court ruling that said that input tax credit (ITC) to a buyer cannot be denied on the ground that a seller has not paid tax under the goods and services tax (GST) regime unless there was a proper investigation.
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Online gaming has been a topic of debate for ages and surely enough, it has become the central topic of discussion for the legislative council after the state recently passed the bill implementing 28% GST for online gaming, casinos and horse racing.
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The writ petition by Industry Association E-Gaming Federation (EGF) and money gaming platform A23 before the Supreme Court challenging the provisions of CGST 2017 will tentatively be heard tomorrow i.e., December 15. The matter is listed before a three judge bench headed by the Chief Justice.
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Uttar Pradesh government has decided to authorise the ministers of respective departments to approve the revised costs of development projects if it has changed due to variation in the rate of GST/VAT.
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The spate of GST-demand notices on Indian companies — in instances where overseas staff have been deputed to India, followed by an increase in litigation and industry representation — has led to CBIC sounding a word of caution to its field employees that a ‘one-size fit all’ approach cannot be adopted.
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A 3-judge bench of the Supreme Court comprising of Chief Justice of India DY Chandrachud and Justices JB Pardiwala and Manoj Misra issued notice on writ petitions filed by E-Gaming Federation, Head Digital Works Private Limited (operator of online rummy platform A23) and Play Games24x7 Private Limited (operator of My11Circle and RummyCircle) while refusing to stay the showcause notices issued to online rummy companies or pass any interim directions.
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The Supreme Court has dismissed the department’s Special Leave Petition (SLP) against the Calcutta High Court judgment in the case of Suncraft Energy Pvt. Ltd., wherein it was held that the Input Tax Credit (ITC) of the purchasing dealer cannot be denied by the department on the ground that the supplying dealer has not remitted the tax collected.
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About a dozen foreign airlines including British Airways, Etihad, and Emirates that have received Goods and Services Tax (GST) demand notices pertaining to cross charges are likely to pay up the amount and not contest its validity, people aware of the matter said.
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GST on expat salary: CBIC asks officers not to apply SC order mechanically
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New bills to replace law on customs, excise, age limits of GSTAT members
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SC refuses interim relief to Games 24/7, Head Digital against GST demand
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Excl: Govt mulling separate bids for GST hardware, software support in March
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The Central Board of Indirect Taxes and Customs (CBIC) issued Important Instruction No. 05/2023-GST dated December 13, 2023, in accordance with the judgment of the Hon’ble Supreme Court in the case of Northern Operating Systems Private Limited (NOS). The instruction pertains to the nature of the secondment of employees by overseas entities to Indian firms and its Services Tax implications..
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In a clear signal that the GST rate rationalisation exercise is back on the Centre’s agenda after being in deep freeze, the government has reconstituted the ministerial group of the GST Council that was tasked with recommending the simplification of the complex tax structure and a rejig of its multiple rates.
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The CBIC issued Instruction No. 28/2023-Customs dated December 12, 2023 regarding the requirement BIS registration for import goods notified under the “Electronic and Information Technology Goods (Requirement of Compulsory Registration) Order, 2012 and random sampling of LED products and control Gear for LED.
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The CBIC issued Instruction No. 29/2023-Customs dated December 12, 2023 regarding the veterinary Health Certificate for the Import of Milk and Milk Products into India.
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The CBIC, Legal Cell issued Instructions vide F.No.275/15/2021-CX.8A dated December 13, 2023, regarding the launch of the SAMAY Application for Timely Litigation Management in CBIC, along with the release of the Online Portal and Guidelines.
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In significant relief to taxpayers, the Central Board of Indirect Taxes and Customs (CBIC) has said officers should be more mindful in raising demand in secondment cases and should not apply the Supreme Court ruling in the Northern Operating Systems case “mechanically”. It has also said that Section 74(1) of the GST Act for sending a notice should only be invoked in cases of genuine fraud or evasion of taxes.
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Pidilite Industries Limited disclosed receiving three orders. These orders were issued by the Superintendent at Guwahati-B-10, Guwahati-B, and Guwahati Zone-B, Assam, imposing a cumulative penalty of Rs 49,592.
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About a dozen foreign airlines including British Airways, Etihad, and Emirates that have received Goods and Services Tax (GST) demand notices pertaining to cross charges are likely to pay up the amount and not contest its validity, people aware of the matter said.
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The government will likely collect more Goods and Services Tax (GST) this financial year than it expected to, with a continuous rise in the monthly mop-up suggesting the Budget estimate for 2023-24 could be revised upwards when Finance Minister Nirmala Sitharaman presents the Interim Budget for 2024-25 on February 1, 2024.
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