SC dismisses plea challenging HC verdict on power to arrest in GST evasion cases
Listen to this Article
The plea came up for hearing yesterday before a vacation bench of Chief Justice Ranjan Gogoi and Justice Aniruddha Bose. The Court said it was not inclined to interfere with the April 18 judgement of High Court.
In its judgement, the high court had said it was not inclined to grant relief against arrest to the petitioners who were summoned by the Superintendent (Anti-Evasion) of the Hyderabad GST Commissionerate under the CGST Act, 2017 and invocation of penal provisions under the law.
The government had told the High Court that petitioners before it were allegedly involved in incorporating several partnership firms and had claimed the input tax credit on the basis of certain invoices, without there being any actual physical receipt of goods.
It had alleged that the fraudulent input tax credit claimed by them was to the tune of 224.05 crore rupees. #casansaar (Source - NewsOnAir)
Category : GST | Comments : 0 | Hits : 1010
TEST
Dear Taxpayers, 1. GSTN is pleased to inform that an enhanced version of the GST portal would be launched on 3rd May 2024. The effort is to improve user experience and ensure that the information you need is accessible and easy to navigate. 2. Key Enhancements Include (PDF with screenshots attached): i. News and Updates Section: We have introduced a dedicated tab for all news and updates. This section now includes a bet...
The Supreme Court on Friday issued notices to the central government, the Central Board of Indirect Taxes and Customs (CBIC), the Goods and Services (GST) Council and the National Anti-Profiteering Authority (its functions have been taken over by the Competition Commission of India) on a petition challenging a Delhi High Court verdict, upholding the constitutional validity of anti-profiteering provisions filed by a real estate company. The petition, filed by Swati Realty, says the high court ...
The delectable Malabar Parota will taste even better with the Kerala High Court ruling that the popular flatbread will attract GST at 5 per cent and not 18 per cent. With this the court has turned down order by the State’s Authority of Advance Ruling (AAR) and Appellate Authority for Advance Ruling (AAAR). Disposing a petition by Kochi-based Modern Food Enterprises, a single judge bench of Justice Dinesh Kumar Singh said if key inputs (cereals, flour, starch, etc) and preparations are s...
A businessman from Delhi was taken into custody by the Noida police for his alleged involvement in a massive Rs 15,000 crore GST fraud that was exposed last year, TOI reported. Tushar Gupta, aged 39 and residing in Tilak Nagar, was arrested as the 33rd suspect in this case. The police revealed that Gupta had exploited input tax credit (ITC) using 35 fake companies, resulting in a loss of Rs 24 crore to the exchequer over the past two years. He was reportedly part of a syndicate that utiliz...


Comments