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HC relief for holding companies facing GST notices over corporate guarantees

India Business News: Mumbai: In a relief for India Inc, the Punjab & Haryana high court has stayed a circular that subjected corporate guarantees, given by holding compani. ....

Mannat Waraich , Acme Cleantech Solutions , India Inc , Central Board , Indirect Taxes , Business News , Punjab Amp Haryana High Court , Holding Companies , Gst Notices ,

Major GST relief for holding companies in corporate guarantees case

The circular, issued in October by the Central Board of Indirect Taxes and Customs (CBIC), has been stayed via an interim order. The circular had held that a corporate guarantee provided by a holding company to a lender for the approval of credit to its subsidiary would be regarded a supply of service liable to GST. ....

Sujit Ghosh , Lubna Kably , Mannat Waraich , India Inc , Supreme Court , High Court , Acme Cleantech Solutions , Central Board , Indirect Taxes , Gst Notices , Holding Companies , Punjab Amp Haryana High Court , Central Board Of Indirect Taxes And Customs , Supply Of Service , Showcause Notices , Demand Orders , Corporate Guatantee ,

Petitions pile up as GST notices come after 3 years of returns filing

Many businesses, who were served with goods and services tax (GST) notices in December 2023 and January of this year following the extension of the notice issuance deadline, have taken their grievances to various high courts, contesting the legal legitimacy of the notices. ....

Jammu And Kashmir , Saurabh Agarwal , Abhisheka Rastogi , Mahesh Jaising , Central Board , Indirect Taxes , Gst Notices , High Courts , Legal Validity , Gst Council ,

Flurry of GST notices: States may be nudged to conduct more risk-based assessments

Union Finance Ministry sources say seasonal, temporary issue due to approaching deadlines ....

Sanjay Kumar Agarwal , Union Finance Ministry , India Inc , With India Inc , Central Board , Indirect Taxes , Customs Chairman Sanjay Kumar Agarwal , Gst Notices , Goods And Services Tax , Finance Ministry , Gst Regime ,

GST Notices: GST notices of ₹1.45 lakh crore sent out in December for FY18

GST evasion of about Rs 1.51 lakh crore has been detected by central GST officers in the current fiscal, while recovery stands at Rs 18,541 crore as on December 30, against the internal target of Rs 50,000 crore. The finance ministry on Sunday said that since mid-May 2023, a total of 29,273 bogus firms involved in suspected input tax credit evasion of Rs 44,015 crore have been detected. ....

Saurabh Agarwal , Gst Notices , Penalty And Interest , Input Tax Credit , Demand Notices , Annual Returns , Financial Year , Goods And Services Tax Gst Authorities , Central Gst Officers , Finance Ministry ,