Gst Notice

Discount practices of FMCG, auto and consumer durable firms face uncertainty due to Coca-Cola GST notice

Earlier this year, GST authorities sent a notice demanding Rs 2,500 crore from Coca-Cola, which has challenged in the demand in the Bombay High Court

LIC gets GST demand notice of Rs 65 crore

The demand order is for Goods & Service Tax, interest and penalty for Jharkhand, LIC said

Foreign digital firms gear up for legal battle over retrospective GST tax demands

Tax authorities have issued retrospective GST demand notices to 70 foreign companies over the past two years, alleging tax evasion.

Zomato seeks appeal against Rs 5.6 crore GST order from West Bengal

In its initial disclosure on September 13, Zomato said that the company might pay the GST amount demanded due to the high cost of litigation. However, the company has now clarified that it intends to file an appeal against the order, rather than agreeing to pay the amount.

GST Council to weigh easing compliance load on foreign airlines, shipping firms at Sept 9 meet

Council is expected to discuss fitment committee’s proposal of exempting the payment of GST at the time of import, allowing the subsidiary companies to make the payment at the time of disbursement of services instead

GST authorities slap Rs 2,000-cr notice on 20 general insurers working in SEZ: Report

While insurance services provided directly to SEZ units are exempt from GST, the investigation found that insurers extended these exemptions to group medical insurance coverage for SEZ employees and their families.

M& M gets GST notice over brand name use by group companies: Report

The show-cause notice asks M&M why it should not be liable for GST on the services provided by it to subsidiaries through the use of its flagship brand and logo

Infosys share price falls 1% even as IT major disputes Rs 32,000 crore GST evasion notice

Infosys has refuted the Rs 32,000 crore tax evasion notice, saying that GST is not applicable on expenses claimed by DGGI, and that it has paid all dues.

Nazara Technologies plunges 5% as subsidiaries face Rs 1,120 crore GST liability notices

Two subsidiaries of Nazara Tech have received notices in an ongoing GST-related matter, totaling Rs 1,120 crore. These units together contributed to less than 2 percent of the firm’s revenues and less than 1 percent of the profit.

Zomato receives Rs 9.45 crore GST demand notice from Karnataka

The demand notice - inclusive on interest and penalty - is for FY20, based on the audit of GST returns.

ICICI Lombard receives GST show cause notice worth Rs 288 crore for FY20

The notice, under Section 73(1) of the Central Goods and Services Tax Act, 2017, demands the company to provide clarifications regarding an alleged GST liability for the fiscal year 2019-2020

Patanjali Group firms under DGGI scanner for non-payment of GST, fake ITC: Sources

According to sources, "DGGI has sent two show cause notices to Patanjali group companies — Patanjali Ayurved Ltd and Patanjali Foods Ltd on April 19, 2024, for alleged non-payment of GST and wrongfully claiming Input Tax Credit (ITC)."

Electronics retailer Aditya Vision reports GST search operations; 7 warehouses seized, 3 stores closed

The company informed exchanges that it has fully cooperated with the authorities and given them the necessary cooperation.

GST intelligence unit detected over Rs 1.98 lakh crore worth tax evasion cases in 2023

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.

Vodafone Idea imposed Rs 13.16 crore penalty in GST case

According to the filing, the order was passed on January 10 against the debt-ridden telecom firm for alleged ''wrongful transition of CENVAT credit to Goods and Services Tax (GST) regime''.

GST notices round-up: LIC faces Rs 806-cr notice, Zomato looking at 3 years of litigation, and more

A round-up of all GST notices issued to companies in the previous months.

Kotak Mahindra Bank shares fall on Rs 57.20-lakh GST demand notice

Kotak Mahindra Bank has received Rs 57.20 lakh in CGST orders from Odisha's excise office, alongside a Rs 5.1 lakh penalty and accrued interest.

Zomato trades lower on Rs 402-crore show-cause notice for GST dues

Zomato stock has surged 110 percent so far in 2023, massively outperforming benchmark Nifty 50 which has risen 19 percent during this period.

Exclusive: Foreign airlines may pay tax in accordance with GST notices, claim rebate

The issue pertains to cross charges or transactions between separately registered units of a single entity.

LIC receives GST notice of Rs 183 crore from Telangana tax authority

The notice pertains to fiscal year 2017-18, LIC said, adding that it includes a GST demand of Rs 81.2 crore, penalty of Rs 93.2 crore and interest of Rs 8.1 crore

Torrent of GST notices stems from AI, data analytics on law interpretation: Official

First, it was Rs 1.4 lakh crore of GST notices to online gaming, then Rs 1.5 lakh crore of notices to shipping companies and now the airline sector is under scanner.

Exclusive: Court battle ahead for insurance companies, tax authorities on ‘commission’ paid to agents

The insurers may try to justify these as marketing expenses, but the tax authorities are confident they stand on strong ground as it is a factual dispute.

CEAT gets Rs 1.98 crore GST notice

"The company is in the process of analysing the matter and taking appropriate action for an appeal to be filed with the appellate authority," CEAT Ltd said.

Phoenix Mills shares fall 2.5% after subsidiaries served GST notices

Phoenix Mills subsidiaries Vamona Developers Pvt Ltd, Offbeat Developers Pvt Ltd, Market City Resources Pvt Ltd, Pallazzio Hotels & Leisure have received showcause-cum-demand notices from GST authorities

Gameskraft case: SC stays Karnataka HC's judgment quashing Rs 21,000 cr GST notice

In September 2022, a GST intelligence unit issued a show-cause notice to Gameskraft Technology alleging that the company failed to pay Rs 21,000 crore in GST, the biggest such claim in the history of indirect taxation.