The advisory provides a consolidated document listing approved B2B e-Invoice verification apps, which taxpayers can refer to for the latest and most accurate information. Key Points: The advisory aims to…
GSTN Issues Advisory for Reporting TDS Deducted by Scrap Dealers (October 2024)
The Goods and Services Tax Network (GSTN) released Advisory No. 550 on November 26, 2024. This advisory addresses issues related to reporting Tax Deducted at Source (TDS) by scrap dealers…
Order Set Aside When GSTR-2A Input Tax Credit is Ignored
In the case of M/s. Oasys Cybernetics Private Limited v. State Tax Officer, Chennai (W.P. No. 16224 of 2024, decided on July 9, 2024), the Hon’ble Madras High Court ruled…
Empowerment of Additional/Joint Commissioners for DGGI Notices: Key Highlights
Notification OverviewNotification No. 27/2024-Central Tax, issued by the CBIC on November 25, 2024, amends Notification No. 02/2017-Central Tax. It empowers Additional and Joint Commissioners to adjudicate notices issued by officers…
Online Filing Date Considered for GST Appeal Limitation: Madras HC Judgment
Case Title:Kasturi & Sons (P.) Ltd. v. Additional Commissioner of GST & Central Excise (Appeals-1), Chennai Judgment Date: July 10, 2024W.P. No.: 18642 of 2024 The Madras High Court has…
Changes in GST Annual Return Filing for FY 2023-24: What You Need to Know
The GST Annual Return for FY 2023-24 must be filed by December 31, 2024, by all eligible taxpayers, with certain exemptions. This year’s updates bring significant changes, making it crucial…
LIC Challenges ₹1.8 Crore GST Demand in Karnataka
The Life Insurance Corporation of India (LIC) has filed an appeal with the Commissioner (Appeals), Karnataka State, contesting a significant GST demand order issued by the Deputy Commissioner of Karnataka.…
State GST Department Cannot Initiate Proceedings if Central GST Department Has Already Done So
By: AdminDate: November 25, 2024Category: Important Pronouncements Key Judgment: In Baazar Style Retail Ltd. v. Deputy Commissioner of State Tax [W.P.A. No. 16185 of 2024, dated August 19, 2024], the…
GST Collections Decline in H1 FY25: A Cause for Concern
India's Goods and Services Tax (GST) collections have slowed in the first half of the fiscal year 2024-25 (H1 FY25), highlighting weakening consumption trends. Domestic GST revenues grew by 10.5%…
Resolving GSTR-2B Duplicate ITC Issues
Date: November 23, 2024 Duplicate entries in GSTR-2B have created confusion for taxpayers filing GST returns for October 2024. These issues, likely caused by system or filing errors, result in…