In a landmark ruling, the Calcutta High Court quashed a 200% penalty imposed for an expired e-way bill during goods export to Bangladesh, citing exceptional circumstances.
The Calcutta High Court has held that the input tax credit (ITC) under Section 16(1) of the GST Act becomes a vested right only if the conditions to take it are fulfilled.The bench of Chief Justice.
The West Bengal government has passed a bill to impose 28% GST on online gaming, horse racing and casinos.The state government has notified the West Bengal Goods and Services Tax (Second Amendment).
Get latest articles and stories on India at LatestLY. The West Bengal assembly on Thursday passed a bill by virtue of which online gaming, horse racing and casinos will be taxed at the highest GST rate of 28 per cent on full face value of the bets involved. India News | Bengal: Bill Passed to Impose 28 Pc GST on Online Gaming, Horse Racing, Casinos.
Minister of State for Finance Chandrima Bhattacharya said when the West Bengal Goods and Services Tax (Second Amendment) Bill, 2023, will become an Act, it will augment the revenue of the state