-
This comes as good news for foreign shipping lines like Maersk, Orient Overseas Container Line Ltd and Hapag Lloyd Mediterranean Shipping, as they were facing notices for non-payment of goods and services tax (GST) on import of services from July 2017 onwards.
-
The notices, sent over the past three days, pertain to unpaid taxes on the import of services by Indian branches from their head offices
-
On July 31, Infosys received demand for alleged tax evasion of over Rs 32,000 crore from the Directorate General of GST Intelligence
-
The DGGI of GST had sought data related to valuation of services provided by the foreign airline to the Indian arms. However, the airlines have told the authorities that they do not maintain such granular data
-
The GST Council may deliberate on a recommendation to amend the Act at its upcoming meeting on June 22, according to a news report.
-
The law committee has recommended the introduction of a new Section 11A to the CGST Act, said a report
-
DGGI's preliminary estimates suggest significant revenue losses due to the alleged GST evasion.
-
The move comes after many multinational companies represented to the finance ministry about the investigation process, especially questioning of CXOs.
-
The agency has reportedly sought clarifications on the payment of crew salaries and staff expenses at the Indian offices of these airlines
-
This is a significant improvement as compared to 2022 wherein 4,273 cases were detected, amounting to duty of Rs 90,499 crore, and voluntary payment of Rs 22,459 crore and 97 arrests were made.
-
The CGST commissioner audit passed the order on an appeal filed by the competition watchdog against the show cause notice by Directorate General of GST Intelligence (DGGI), Delhi zone.
-
The tax authority last month said that food delivery is a service and, therefore, Zomato and Swiggy are liable to pay GST on service at a rate of 18 percent
-
The involvement of money does not change the nature of the game. If one plays chess with money, chess does not become gambling, but remains a game of skill. This is the argument gaming firms will present in courts, said a source
-
The issue pertains to cross charges or transactions between separately registered units of a single entity.
-
The estimated GST demand, which is calculated from July 2017 to March 2023, from Zomato is over Rs 400 crore whereas from Swiggy it is Rs 350 crore
-
The airlines under the DGGI scanner include Etihad Airways, Emirates, Saudi Airlines, Qatar Airways, Air Arabia, Oman Air, and Kuwait Airways
-
After a SC stay on a Karnataka HC order quashing the GST authorities’ tax evasion notice on Gameskraft Technology, a horde of show-cause notices is likely to follow, an official said. GTPL is among the 40-odd companies being investigated now for alleged tax evasion.
-
The GoM on online gaming has however failed to reach a consensus on the mechanism to calculate the amount on which GST would be levied.
-
Tata Sons has now tapped the HC to challenge the Rs 1,500 crore claimed as GST liabilities on its $1.27 billion in payments to former partner and Japanese telco NTT Docomo, in 2017
-
City-based RTI activist Abhay Kolarkar had sought consolidated information pertaining to the Directorate General of GST from DGGI, which revealed that between FY15 and FY21, a total of 158 show-cause notices have been issued.
-
The DGGI is investigating Coinswitch Kuber by Bitcipher Labs LLP, CoinDCX by Nebilo Technologies Pvt Ltd, BuyUCoin by I Block Technologies Pvt Ltd, and Unocoin by Unocoin Technologies Pvt Ltd.
-
About 80 lakh sales return or GSTR-3B have been filed so far.
-
The case was detected and developed by the officers on further data analytics out of a case booked against one of the exporters, M/s Anannya Exim, covered in the all India joint operation, launched by DGGI-DRI (Directorate of Revenue Intelligence) in September 2019, against various exporters for fraudulently claiming IGST refund on the basis of ineligible input tax credit (ITC).
