Show Cause Notice

The case will now come up for hearing in nine days, SpiceJet has been asked to furnish a list of its directors to the registry of the high court in order to issue summons to them.

Strongly believe we're not liable to pay any tax on delivery charge, says Zomato

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

40 online gaming companies likely to receive notices for GST evasion: Govt officials

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.

ED issues notice to top officials of Xiaomi India, 3 banks over illegal remittances of Rs 5,551 cr

Sources said notices were served to Xiaomi Technology India Private Limited, the two executives, CITI Bank, HSBC Bank and Deutsche Bank AG.

Big relief for Gameskraft, Karnataka HC quashes Rs 21,000-crore GST notice

In September 2022, GST Intelligence unit issued a 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

GST Intelligence to soon wrap up probe into 12 online gaming companies for 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.

GST authorities to show-cause more private insurance companies

The GST authorities have booked cases for recovery of input tax credit on the supplies which are not there. To garner more business, the companies have been giving higher commission to agents. Some recoveries have also been made.

DGCA issues show cause notice to Go First for leaving behind 55 passengers

GoFirst released a statement on January 10 stating that "multiple mistakes such as lack of proper communication, co-ordination, reconciliation and confirmation have resulted in a highly avoidable situation"

Titan case: Sebi disposed of show-cause notices against 58 individuals

The regulator conducted a probe in the scrip of Titan and observed several non-compliances of PIT norms during April 2018-March 2019.

GST Council says recurring show-cause notices must only be issued by jurisdictional tax authorities

The direction, which relies on the deliberations of the GST Council's 47th meeting, will ease the compliance burden for tax authorities and taxpayers

Congress issues show cause notice to 3 Gehlot loyalists after party observers seek action

The party's disciplinary committee sent the notices after Congress observers Mallkarjun Kharge and Ajay Maken submitted their written report to party chief Sonia Gandhi, charging the three with "gross indiscipline".

IPL: ED notice to SRK, Gauri, Juhi for Rs 73 Cr violation

The Enforcement Directorate today issued a show-cause notice to actor Shah Rukh Khan, his wife Gauri, actor-friend Juhi Chawla and others for alleged loss of Rs 73.6 crore foreign exchange in a FEMA case related to the T-20 cricket league IPL.

ED slaps Rs 288 cr FEMA notice on NRI businessman

The ED has issued a show cause notice to NRI businessman C C Thampi and his firms for alleged violation of forex laws amounting to over Rs 288 crore in acquiring vast tracts of land in Delhi and adjoining areas.

FSSAI asks licensing wing to issue notice to Patanjali

Food regulator FSSAI has asked its central licensing authority to issue a show cause notice to Patanjali Ayurved over complaints about misleading advertisement of mustard oil product

Early closure of service tax disputes: Reality or farce

Concept of oral SCN envisaged in the Circular does not seem to work much in favour of the tax payer. Clause regarding conclusion of proceedings, on settlement of dispute, in a way adds credibility to the government‘s new initiative to settle tax disputes. The same is also likely to encourage statutory compliance by the tax payer.

Insurance cos under service tax net for flouting rules

According to the audit, many insurance companies wrongfully availed of the central value-added tax (CENVAT) scheme to avoid taxes on certain services.

Sebi issues show-cause notice against FTIL

While the FTIL has alleged that FMC has violated principles of natural justice arriving at the conclusion of guilt without any trial, it will still have to contend with the FMC order which came out a few days back.

FMC to issue showcause notice to FT, 3 MCX directors

The showcause notice will seek an explanation as to why the "fit & proper" status of promoters shouldn't be revoked. They are likely to be given 1-2 weeks to respond to the notice.

BMW likely to get Rs 650cr showcause notice from I-T dept

After Cadbury and Nokia, the tax man has now trained his guns on German car-maker BMW. CNBC-TV18 learns that the company has been served with Rs 650 crore tax notice by the customs department. CNBC-TV18‘s Aakansha Sethi reports the exclusive details why this tax notice has been served.

Too busy to reply to BJP's show cause notice: Jethmalani

Suspended BJP MP Ram Jethmalani on Monday adopted a dismissive stance towards the show cause notice issued to him by the party asking why he should not be expelled and said he is too busy with his law practice to answer such documents.

DGCA issues show cause notice to Kingfisher

In more trouble for Kingfisher Airlines, aviation regulator DGCA today issued a show-cause notice asking why its flying license should not be suspended or cancelled as it had grounded its entire fleet and failed to offer safe and reliable service.

Bharti Airtel moves HC, challenges DoT's show cause notice

Bharti Airtel has decided to move the Delhi High Court challenging the show cause notice issued by the Department of Telecom (DoT), reports CNBC-TV18.

SEBI raps NSE over discharge of duties

The National Stock Exchange (NSE) has been rapped on the knuckles by the market regulator SEBI. SEBI has warned NSE over the way it discharges its duties as a stock exchange.

DoT may move Supreme Court against TDSAT order on Idea

The government is planning to challenge in the Supreme Court the telecom tribunal TDSAT ruling that had set aside a DoT order imposing Rs 27.65 crore penalty on Idea Cellular for delaying its roll-out obligations in five circles.

BGR Energy confident of coming out unscathed from I-T row

BGR Energy has come under the scanner for tax evasion. The directorate general of Central Excise Intelligence has booked a case of tax evasion against the company. PR Easwar Kumar, chief financial officer of the company clarified that they will not have any liability at the end of the proceedings.