CBIC Issues SOP for Officials to Prevent Taxpayer Harassment
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CBIC Issues SOP for Officials to Prevent Taxpayer Harassment

The Central Board of Indirect Tax and Customs (CBIC) has approved a detailed standard operating procedure for officials of the Directorate General of GST Intelligence (DGGI) with specific instructions regarding their conduct during tax investigation, summons and searches to improve the ease of doing business and to prevent any incident of harassment to taxpayers. The…

HC Stays ₹80cr GST Demand on Hyundai Seconded Employees Pay
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HC Stays ₹80cr GST Demand on Hyundai Seconded Employees Pay

The Madras HC has stayed a GST demand of about ₹80 crore on salary paid by Hyundai Motors to seconded employees. The company had challenged the December 23, 2023 tax demand notice from the GST authorities, which had considered the entire salary amount paid to seconded employees as taxable. Secondment, a common practice among global…

Insurance Cos Plan to File Writ Petition Seeking GST Clarity
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Insurance Cos Plan to File Writ Petition Seeking GST Clarity

Insurance players are planning to file a writ petition over the tax demand on commission paid for co-insurance, seeking a clarity from the court as levying Goods and Services Tax (GST) on the commission will amount to double taxation. Staring at a collective tax demand of ₹12,000crore, the insurance sector was waiting for the GST…

Plain Afoot to reclassify Items for GST Clarity
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Plain Afoot to reclassify Items for GST Clarity

The Central Board of Indirect taxes and Customs (CBIC) is planning to prepare a list of products which end up in litigation purely due to classification issues. The fitment committee is likely to look into such items where there is a minor change in composition but the tax slabs are different, creating con fusion in…

HC Levies ₹2 Lakh Fine on Ashneer Grover for Violating Its May Order
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HC Levies ₹2 Lakh Fine on Ashneer Grover for Violating Its May Order

Terming BharatPe former managing director Ashneer Grover’s social media posts as appalling, the Delhi High Court on Tuesday fined him ₹2 lakh for violating its May order that asked both the sides “to avoid recourse to unparliamentary and defamatory publications against each other.” “I am appalled to see the persistent violation of the court’s orders,”…

Substantial Amount Diverted to Goyal’s Offshore Trusts: ED
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Substantial Amount Diverted to Goyal’s Offshore Trusts: ED

The Enforcement Directorate (ED) in its prosecution complaint (PC), which is akin to a chargesheet, against the promoter of Jet Airways, Naresh Goyal, has claimed that a substantial amount of the alleged proceeds of crime (PoC) was diverted into offshore trusts of which Goyal and his family members were beneficiaries. Further, the allegedly diverted funds…

GST Notices from Different States Make Life Difficult for Many Cos
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GST Notices from Different States Make Life Difficult for Many Cos

Companies are struggling to deal with increasing GST notices from different state departments as taxation is a centralised function in most companies and they, especially in services companies, find it difficult to segregate businesses per state. The number of such notices from states, seeking documents and representations as part of tax Scrutiny, has increased significantly…

GST Council Meets Next Week on e-Gaming Levy
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GST Council Meets Next Week on e-Gaming Levy

The Goods and Services Tax (GST) Council will meet virtually on August 2 to consider legal amendments necessary for the 28% levy on online gaming, casinos and horse racing. The special meeting is expected to thrash out issues such as repetitive taxation in determining the full face value among other matters flagged by the gaming…

Tax evasion probe into insurers to end by now
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Tax evasion probe into insurers to end by now

The goods and services tax (GST) evasion investigation agency will complete its pro- be into 30 insurance companies by November: The Directorate Gel of GST Intelligence (DGGI) has already completed the investigation into 15 of them, detecting input tax credit discrepancies to the tune of ₹3,500crore so far: It is in the process of sending…

Environics Trust’s FCRA Licence Suspended Rahul Tripathi

Environics Trust’s FCRA Licence Suspended Rahul Tripathi

The Centre has suspended Foreign Contribution Registration Act licence of non-governmental organization Environics Trust for six months, citing alleged violations of rules, said officials. The NGO has been associated with lawyer Ritwick Dutta and his organization, Legal Initiative for Forest and Environment (LIFE), in co-hosting The Access Initiative, a global net- work that promotes access…