Search result for 'gst liability'

CGST Ludhiana uncovers Rs 455 crore fake GST billing scam in the iron & steel sector. Two arrested. Investigation ongoing.

CBIC clarifies GST applicability on post-sale discounts given by manufacturers to dealers. Get details on the new rules and implications.

GST reforms lower coal tax, reduce power generation costs. Cess removal levels playing field, promotes self-reliance & import substitution.

FADA urges FM Sitharaman to address compensation cess balance issues for auto dealers post GST 2.0. Dealers face working capital shock.

IIIPI report suggests taxation reforms to streamline insolvency resolution under IBC. Key recommendations include tax neutrality for resolution plans.

GST officers arrest individual for Rs 16.30 cr tax evasion. Investigation reveals under-reporting by manpower supply companies.

ICICI Prudential Life Insurance received a GST tax order of Rs 3.67 crore, upholding a previous demand by CGST authorities. The company plans to appeal the decision.

Mahindra Lifespace Developers received a Rs 2.09 crore GST demand from Tamil Nadu authorities, citing alleged short payment. The company plans to appeal the order.

SpiceJet has cleared pending TDS dues worth Rs 310 crore, including employee TDS, up to the second quarter of FY2025. The airline has also settled dues with aircraft lessors and cleared pending...

IndusInd International Holdings (IIHL) expressed concern over Rs 850 crore GST liability in implementing Reliance Capital's resolution plan. The NCLT approved IIHL's Rs 9,650 crore plan in...

The National Company Law Tribunal (NCLT) has directed the Reserve Bank and Department of Industrial Policy and Promotion to expedite the approval process for Reliance Capital's resolution plan by...

Nazara Technologies's subsidiaries, Openplay and Halaplay, received GST demand notices totaling Rs 1120 crore for the period 2017-2023. The notices pertain to GST calculation based on bets placed...

Zomato received a GST liability notice of Rs 401.7 crore for delivery charges. The company claims it''s not liable as it collects charges on behalf of delivery partners.

ICICI Prudential Life Insurance has received a Rs 270 crore GST demand notice from Maharashtra authorities for alleged short payment in 2017-18. The company plans to appeal the order.

Real estate developers and RWAs are now liable to pay 18% GST on electricity charges exceeding the prescribed tariff. CBIC clarifies the applicability of GST on electricity supplied by developers...