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Gas prices | Oil and Natural Gas Corporation posts Rs 247 crore surprise loss in Q4 on tax provisions

Company has reviewed the entire issue of disputed service tax and GST on royalty and has decided to make a provision towards these disputed taxes as a prudent and conservative practice: ONGC ....

United Kingdom , Natural Gas Corporation , Gas Prices , Oil And Natural Gas Corporation Ongc , Goods Amp Services Tax Gst ,

CBIC moving to set up large battery of lawyers to fight rising number of GST litigations


CBIC moving to set up large battery of lawyers to fight rising number of GST litigations
January 15, 2021
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Overly aggressive attitude of tax authorities, demands being coerced sans show cause notices, making arrests to coerce recoveries, among reasons for tax payers to approach HCs, SC
Central Board of Indirect Taxes & Custom (CBIC) has a new challenge on its hands, apart from collecting more taxes and prompting people to comply with the tax law. The new challenge is the increasing number of litigations, especially related to Goods & Services Tax (GST).
The good news is that CBIC is gearing up to put in place a large battery of lawyers to fight these cases. ....

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