Judiciary and Counsel Details Facts of the Case The department apprehended the individual in question on grounds of suspicion that they were engaged in the fraudulent act of generating invoices for fictitious entities, complete with fabricated GST numbers, and subsequently disposing of them. Seeking their release, the individual approached the High Court, vehemently asserting their … Continue reading The Supreme Court firmly denied anticipatory bail to the accused, who stands accused of orchestrating the issuance of counterfeit invoices.
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Interest for excessive refund delay remains applicable, irrespective of the absence of statutory provision: High Court
Court Details Judges: Case Summary In this case, the petitioner has filed a petition seeking interest in a delayed refund. The petitioner argues that while the refund of SGST has been processed, the refund of CGST and IGST has not been processed despite the refund order. Therefore, it is contended that interest should be paid … Continue reading Interest for excessive refund delay remains applicable, irrespective of the absence of statutory provision: High Court
Release of Confiscated Goods/Vehicle by High Court Upon Provision of Penalty Deposit or Bank Guarantee
Judicial and Legal Details Honorable Judges N.V. Anjaria & Devan M. Desai presiding. Bhaumik Dholariya representing the Petitioner. Raj Tanna representing the Respondent. Case Background In this case, the petitioner filed an interim prayer seeking the release of goods and conveyance. It was argued that while the goods were being transported, the GST authorities intervened … Continue reading Release of Confiscated Goods/Vehicle by High Court Upon Provision of Penalty Deposit or Bank Guarantee
Key Highlights from the 43rd Meeting of the Goods and Services Tax (GST) Council
In the hallowed corridors of governance, the 43rd GST Council assembly convened as a seamless extension of its preceding 42nd counterpart on the auspicious day of October 12th, 2020. This virtual congregation was meticulously orchestrated by none other than the esteemed Finance Minister, Smt. Nirmala Sitharaman, who adroitly presided over the proceedings. In the esteemed … Continue reading Key Highlights from the 43rd Meeting of the Goods and Services Tax (GST) Council
GST Evasion Detection Surges to Rs 1.01 Lakh Crore in 2022-23
Remarkable strides have been taken in curbing GST evasion, as revealed by a recent report highlighting the fiscal year of 2022-23. A substantial increase is evident, with tax officers successfully identifying instances of evasion amounting to over ₹1.01 lakh crore, marking a nearly twofold surge compared to the previous year. The Directorate General of GST … Continue reading GST Evasion Detection Surges to Rs 1.01 Lakh Crore in 2022-23
What is a service accounting code (SAC) under GST?
Service Accounting Code (SAC) is a code assigned by the Goods and Services Tax (GST) Council in India to classify different services under the GST regime. The SAC code is used to determine the rate of tax that is applicable to a particular service. The SAC code is a six-digit code that helps the government … Continue reading What is a service accounting code (SAC) under GST?
GST Rate on Ethanol Reduced from 18% to 5% by Centre
The recent decision by the central government to slash the GST rate on ethanol from 18% to a mere 5% marks a pivotal step in driving the Ethanol Blended Petrol (EBP) Program. This strategic move was underlined by Rameswar Teli, the Minister of State for Petroleum and Natural Gas, in response to a parliamentary query. … Continue reading GST Rate on Ethanol Reduced from 18% to 5% by Centre