19 Nov, 2024
The annual Bengaluru Tech Summit 2024, a beacon for technology enthusiasts, innovators, and entrepreneurs, commenced on November 19, 2024, with an air of excitement and anticipation. Held at Bangalore Palace, this year’s theme, “Unbound,” reflects an ambitious drive to transcend traditional tech boundaries. Global Participation and Partnerships This year’s summit boasts an impressive international presence. […]
Read More19 Nov, 2024
In the Delhi air crisis, the capital continues to gasp for breath as Smog’s Reign engulfs the city, prompting a look at what’s been done and what’s needed. The air quality index often hits hazardous levels, making daily life challenging and health issues rampant. The Smog’s Reign Every year, as winter approaches, Delhi finds itself […]
Read More19 Nov, 2024
The Allahabad High Court recently delivered a significant judgment clarifying the imposition of penalties under Section 129 of the CGST Act, 2017. The court ruled that penalties cannot be imposed on goods in transit with a valid tax invoice and e-way bill, even if the GST registration is later suspended. This decision reaffirms the importance […]
Read More19 Nov, 2024
The Goods and Services Tax Network (GSTN) has introduced an innovative feature to streamline GST compliance and expedite Input Tax Credit (ITC) claims. From October 14, 2024, the newly launched Invoice Management System (IMS) on the GST portal allows suppliers to track buyer actions—whether they have accepted or rejected invoices. This change is set to […]
Read More19 Nov, 2024
The Himachal Pradesh High Court recently dismissed a writ petition challenging the levy of GST on mining royalty, marking a significant precedent for industries involved in mineral concessions. This decision aligns with the legal principles set by the Supreme Court in the Mineral Area Development Authority vs. Steel Authority of India Ltd. (2024) case. Case […]
Read More19 Nov, 2024
Food delivery charges may attract 18% GST. Find out how this impacts Zomato, Swiggy, and consumers. Stay informed with the latest updates. GST Implications for Food Delivery Charges The Directorate General of GST Intelligence (DGGI) is evaluating a significant change in the taxation of delivery charges on food orders, potentially impacting platforms like Zomato and […]
Read More19 Nov, 2024
In a landmark ruling, the Bombay High Court quashed the Centre’s 2020 press release that classified hand sanitisers as disinfectants attracting 18% GST. The court clarified that the power to determine the classification of goods lies with judicial and quasi-judicial authorities established under the Central Goods and Services Tax (CGST) Act, 2017, rather than through […]
Read More19 Nov, 2024
In a plot twist that could rival any Bollywood thriller, the city of Surat has been thrust into the spotlight with the discovery of a staggering ₹493 crore tax evasion scheme. This wasn’t just your average financial misstep; this was an orchestrated dance of deceit involving over 1,500 shell companies. The Shell Shuffle What Exactly […]
Read More18 Nov, 2024
The GST Council, set to meet in Rajasthan on December 21-22, 2024, will deliberate on critical changes to the GST framework. One of the key proposals is to reduce the GST levy on term insurance plans from 18% to 0%. Additionally, there’s a push for similar exemptions on health insurance for senior citizens and those […]
Read More18 Nov, 2024
The GST Amnesty Scheme 2024 offers relief by waiving interest and penalties on tax demands for the financial years 2017-18, 2018-19, and 2019-20. However, with the designated forms (GST SPL-01 and SPL-02) under development, taxpayers must follow an alternative process to apply for the scheme. The new process, shared in a GSTN advisory on November […]
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