This weekly round-up analytically summarizes the key tax judgments of the Supreme Court and all High Courts reported at Taxscan.in during March 10th to March 23rd of 2024. SUPREME COURT False Declaration under IDS to

In a significant adjudication, the Assistant Commissioner of Sales Tax, Pondy Bazaar has dropped Goods and Services Tax ( GST ) Demand amounting to Rs. 31.81 Crores to Rs. 65,000 for the Financial Years 2018-2019

The Kerala High Court granted interim exemption to mother of child suffering from ‘Spinal Muscular Atrophy ( SMA ), from payment of IGST on imported medicine for rare disease. The petitioner is the mother of

In a recent decision, the Madras High Court observed that the continuation of proceedings culminating in assessment order not valid upon issuance of order in Form ASMT-12 recording that no further action required. . The

As we approach the end of the financial year FY 2023-2024 and prepare for a new one, businesses and professionals must undertake various Goods and Services Tax compliance related tasks to ensure regulatory and tax

In recent years, the online gaming industry in India has witnessed remarkable growth, projected to reach $5 billion by 2025 with a compound annual growth rate of 28-30%. However, a recent decision by the GST

In a recent judgment the Allahabad High Court held that 'Inputs' are meant for day-to-day business operations not required to be capitalized in books of accounts under the Central Goods and Service Tax Act, 2017

In a regulatory disclosure, Dr. Reddy’s Laboratories Ltd, a pharmaceutical company, acknowledged receiving a tax demand notice from the Additional Commissioner of Central Tax, Hyderabad GST Commissionerate. The notice entails a total penalty, inclusive of

The Allahabad High Court has sharply criticised the Goods and Services Tax ( GST ) Department for the inconsistent approach towards the Unutilised Input Tax Credit ( ITC ) refund claims of the petitioner, Samsung

Under GST, Exports and supplies to SEZ are zero rated as per section 16 of the IGST Act, 2017. By zero rating it is meant that the entire supply chain of a particular zero-rated supply

The Bombay High Court has held that service tax is not leviable on ocean freight or sea transportation services. The Petitioner is a company incorporated under the Companies Act, 1956, and is a manufacturer of

This weekly round-up analytically summarizes the key tax judgments of the Supreme Court and all High Courts reported at Taxscan.in during the previous week from March 2nd to March 9th of 2024. Opportunity not Granted

The Delhi High Court recently held that  interest of IGST refund could not be denied under section 56 of  DGST/CGST Act, 2017,even if it was not claimed in the refund application. The  petitioner Raghav Ventures

A Single Bench of the Madras High Court has held that PayPal is a valid mode for receipt of foreign export proceeds under Foreign Exchange Management Act and Goods and Services Tax Act. The Goods

Odisha has achieved a remarkable milestone in Goods and Services Tax ( GST ) collections, reaching an unprecedented high of Rs 5,135.81 crore last month. This figure surpasses the previous record set in April 2023