Can a State GST Department make assessment and levy interest, Penalties on total turnover of assessee in Multiple States?
Yes, they did in Andhra Pradesh and assessee has to run from pillar to post for justice.
The horror of over stepping the jurisdiction in this case ↘️
🚨#BreakingNews: A new #TaxJustice battle is brewing! 💼 A brave bus operator across multiple Indian states took a stand against the 1st respondent (Deputy Commissioner, ST, Special Circle, Chittoor Division). Why? Because the taxman was overstepping his bounds! #GSTHorror 🚫👮♂️
📜 The operator had been slapped with an Assessment, Penalty & Interest order under the SGST & CGST Acts 2017. But there was a catch! 😲 The taxman wasn't playing fair - assessing total turnover from all states instead of each state's respective turnover. #TaxDispute 🌍💸
👀 Did you know? This wasn't the first round in this legal rodeo! 🐎 The previous Assessment Order (24.06.2020) was sent back because the taxman didn't give the operator a personal hearing. The law demands fairness, folks! #JusticePrevails ⚖️🏛️
😡 The operator didn't back down! He argued that the 2nd respondent was only authorized for inspection/auditing, not assessment. Yet, the order was passed by the 1st respondent! Seems like someone was too eager to collect, right? #Overreach#Accountability ✋🚧
🧩 The puzzle was missing a crucial piece! The turnover info obtained from third parties (ABHI BUS and RED BUS) was foggy 🌫️ Was it just for A.P. State, or did it include the other three states too? The taxman kept mum! #TransparencyMatters 👀🔍
🎉 #Victory! The Court threw out the Assessment Order! 🗑️ The operator now has a chance to show the correct turnover for each state. The 1st respondent was told to make a fresh assessment order after considering this new data. #FairPlay 🎯⚖️
👏 This story reminds us all: Stand up against unfair treatment, even if it's the taxman at your door! Stay strong, stay informed, and demand #TaxJustice! 💪 Keep watching this space for more #LegalDrama, and remember to share if you care! 💖 #KnowYourRights 🔄🔥
Title: JBT (Jai Bharat Travels) vs The Deputy Commissioner (ST), The Deputy Commissioner (ST) (Intelligence), The Assistant Commissioner (ST), State of Andhra Pradesh, The Union of India
Court: Andhra Pradesh High Court
Citation: Writ Petition No. 1588/2023
Dated: 09-May-2023
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Auto dealers want GST on two-wheelers reduced to 18%
Federation of Automobile Dealers' Association (FADA) has requested the GST Council to reduce GST on two-wheelers from 28% to 18%.
This is aimed at making two-wheelers more affordable and reviving demand in the industry.
Two-wheeler sales have declined by 20% from 13.3 lakh in 2018 to 10.7 lakh in 2022.
The two-wheeler industry is facing a number of challenges, including inflation, emission norms, and a slow uptick in demand.
The two-wheeler industry is a major contributor to the Indian economy, accounting for about 14% of the total automobile market. The industry employs over 10 million people and is a major source of livelihood for many families.
In continuation of my earlier tweet or post here are more details on "20% TCS on Credit Cards"
The procedure to deduct TCS on credit card foreign payments is as follows:
The credit card issuer will collect TCS at the rate of 20% from the credit card holder.
The credit card issuer will issue a TCS certificate to the credit card holder.
The credit card holder will file their income tax return and claim the TCS as a deduction.
The income tax department will refund the TCS to the credit card holder, if the credit card holder has any income tax liability.
The government of India has announced that a 20% tax collected at source (TCS) will be levied on all credit card foreign payments made outside India, effective July 1, 2023. This move is expected to increase the government's revenue collection and curb the black money menace.
The TCS will be levied on all credit card payments made outside India, irrespective of the amount.
However, there are certain exemptions to this rule. The TCS will not be levied on credit card payments made for the following purposes:
Education
Medical treatment
Foreign travel for employment purposes
Foreign travel for business purposes
Law firms write to PMO requesting to maintain current GST rate for online gaming industry.
Various law firms representing prominent online gaming companies recently wrote to the Prime Minister’s Office (PMO), requesting the GST Council to maintain the current GST rate on online gaming.
The GST Council is expected to meet in mid-June and decide the rate of taxation. The report submitted by the GoM recommended 28% rate on all types of online gaming. As of now, the skill-based games are taxed at 18% while chance-based ones at 28%.
1/9 As an Practitioner in Indian #GST laws, I'm sharing a simple yet comprehensive guide on the procedures involved in physical verification as per Rule 25.
A vital process to maintain transparency and ensure legitimacy. #TaxLaw#GSTLaw
2/9 Physical verification is initiated by issuing a notice in Form GST REG-26 by the proper officer.
The notice specifies a date for personal hearing and demands for necessary documents. #TaxLaw#GSTLaw
3/9 The concerned person has to be physically present at the premises during the verification.
A key principle as confirmed by Delhi High Court in the Bimal Kothari & M/s Curil Tradex cases. #TaxLaw#GSTLaw