Search result for 'reverse charge'

COAI urges budget cuts in telecom regulatory levies like license fees & GST for financial relief & expansion. Read detailed suggestions.

IndiGo moves Delhi HC for Rs 900 crore Customs duty refund on re-imported aircraft engines & parts after overseas repairs. Read more.

DGGI uncovers Rs 21.64 crore GST evasion in Karnataka scrap business. Fake invoices, fraudulent ITC claims, and arrest made. Investigation ongoing.

Brookfield-backed Schloss Bangalore's subsidiary, Tulsi Palace Resort, receives Rs 4.66 crore tax demand notice from Central GST department for alleged tax violations.

DGGI closes pre-show cause notice against Infosys for Rs 32,403 crore GST non-payment. The matter, concerning financial years 2018-19 to 2021-22, is now closed.

Bajaj Electricals has been issued a Rs 14.08 crore GST demand by Punjab authorities for alleged ITC mismatch. The company is exploring legal options.

EEPC India advocates for a 'faceless' GST audit system to streamline procedures and reduce compliance costs for businesses, aiming to boost ease of doing business in India.

Mahindra & Mahindra Ltd. is undergoing a tax inspection in Chennai by Tamil Nadu authorities. The inspection is related to GST compliance issues and is not expected to impact the company's operations.

The GST Council has made key decisions to support small-scale businesses and prevent market monopolisation, including measures to ensure accurate IGST settlement and exemptions for traders under...

Hyundai Motor India Ltd received a show cause notice from the Maharashtra State Tax Authority demanding over Rs 5 crore for alleged excess input tax credit claims.

Maruti Suzuki India has been ordered to pay Rs 139.3 crore in GST by a Haryana appeals authority. The company has paid the tax and will appeal the order.

India's GST authorities have uncovered 10,700 fake companies involved in Rs 10,179 crore tax evasion. Aadhaar authentication is being implemented to combat fraud.

Punjab Finance Minister Harpal Singh Cheema has sought GST compensation to offset revenue losses in the state, highlighting the impact of GST on Punjab's economy. He also advocated for exempting...

The GST Appellate Authority has ordered Bharti Airtel to pay Rs 194 crore GST on license fees and spectrum usage charges demanded by the Department of Telecom. The company will assess the impact of...

The CAG has urged the Finance Ministry to identify high-risk taxpayers in the GST composition scheme to prevent tax evasion, citing concerns over under-declaration of sales and non-compliance with...

Mahindra Holidays & Resorts India has received a Rs 16.77 crore GST demand notice, including a penalty, from the tax authorities. The company is pursuing legal remedies.

Infosys received a Rs 3,898 crore GST notice for 2017-18 from the DGGI, but the agency has now closed the pre-show cause notice proceedings. Read more.

Infosys has received a communication from Karnataka authorities withdrawing the GST notice for Rs 32,403 crore. The company will now respond to the DGGI.

Nasscom defends Infosys against a Rs 32,403 crore GST notice, citing a lack of understanding of the IT industry's model. The association highlights the impact of the notice on investor confidence...

Infosys has been slapped with a Rs 32,403 crore GST demand notice for services availed from overseas branches. The company disputes the demand, arguing GST is not applicable.

The US India Business Council (USIBC) urges India to introduce production-linked incentives for the media and entertainment industry in the upcoming Budget, aiming to position India as a leading...

CBIC clarifies that ESOPs by foreign companies to employees of Indian subsidiaries won't attract GST unless additional fees are charged. Learn more about the GST implications of ESOPs.

Vodafone Idea (VIL) aims to launch 5G services in 6-7 months after securing funding. The company faces a significant debt burden, with Rs 30,000 crore due in FY'26, including government dues and...

Maruti Suzuki India's subsidiary Suzuki Motor Gujarat Pvt Ltd faces a Rs 173.9 crore GST demand in Gujarat. The company plans to appeal the decision.