GST Law Archive

Demand Notice seeking levy of Interest on Gross Tax Liability under Section 50 stayed by Hon’ble Delhi High Court

Today, i.e. 02.03.2020, the Hon’ble High Court of Delhi at New Delhi, has in a petition challenging the demand notice issued by Department over payment of interest on gross tax liabilty, granted stay in the matter of Sunrise Autoworld Pvt. Ltd. v. Union of India. The Department has sought to levy interest even on the …

A discussion on maintainability of Writ Petition under Article 226 where disputed questions of facts exist.

A discussion on maintainability of Writ Petition under Article 226 – where disputed questions of facts exist. Under Article 226 of the Constitution of India, the High Courts are given the power to issue writs. That this power to issue writ is a discretionary power of the High Courts.  However, the High courts while entertaining …

FAKE INVOICING: A LOOPHOLE IN THE GST LAW

Since the introduction of GST effective from July 2017 fraudulent invoices or fake invoicing has regularly made the headlines. It is estimated that there have been numerous occasions in the past two years of implementation of GST that evasion of tax in the form of fraudulent ITC in lakhs of crores of rupees has happened. …

Highlights of Budget 2020

  As you are aware that the Hon’ble Union Finance Minister Smt. Nirmala Sithraman presented the Union Budget 2020 on 1st February 2020. Please find the attached Highlights of The Finance Bill of 2020 containing changes under CGST Act, Customs and Income Tax Act. Write-up on Budget 2020 by Adv. Puneet Agrawal titled as “FM’s Recipe …

Government Has No Business Being in Business – Economic Survey reiterates Modi’s Minimum Government and Maximum Governance pledge

Key Highlights of Economic Survey 2019-20 Theme of the Survey: Wealth Creation: The Invisible Hand Supported by the Hand of Trust India’s aspiration to become a $5 trillion economy depends critically on: Strengthening the invisible hand of the market by promoting pro-business policies. Introducing the idea of trust as a public good, which gets enhanced …

Application filed by STBA before Hon’ble Delhi High Court for the extension of due date for filing of GSTR 9, GSTR 9A and GSTR 9C

Sales Tax Bar Association has filed an application  before Hon’ble Delhi Court, in the pending Writ Petitions No. W.P(C) No. 9575/17 & W.P(C) No. 10284/18 for the extension of date for filing Annual Return & Reconciliation Statement in FORM GSRT 9, GSTR 9A and GSTR 9C.  The application has been filed in order to …