Hindustan Zinc intends to file appeal before the Appellate Authority within the time limit prescribed for both these demands. “The company is hopeful of a favourable outcome thereof and does not expect the said order to have any material financial impact on the company,” it said. Earlier this month, the company had also got a 13.47-crore rupee demand order from the Additional Commissioner, Central Goods Services Tax and Central Excise Commissionerate, Udaipur for disallowance of Input Tax Credit on account of procedural issues.
Crypto exchange Coinbase Global Inc. (NASDAQ: COIN) on Tuesday announced the launch of Project Diamond, a new smart contract-powered platform aimed at institutions, designed to facilitate the creation, purchase and sale of digitally native assets.
The Calcutta High Court has granted interim relief to Delta Corp s Deltatech Gaming Ltd in a Rs 6,384 crore goods and service tax (GST) demand case. The court directed that no effect shall be given to any order passed by the Tax Authority in relation to the show cause notice for the above demand without the leave of the High Court.
In a significant move towards transparency and efficiency, tax officials are now required to upload detailed summaries of show cause notices or tax demands raised under the Goods and Services Tax (GST). The Central Board of Indirect Taxes and Customs (CBIC) has recently issued comprehensive internal instructions to field formations, outlining the mandatory practice of digitally summarizing all tax demands and notices.