Flurry of GST notices: States may be nudged to conduct more risk-based assessments
Union Finance Ministry sources say seasonal, temporary issue due to approaching deadlines
Source: businesstoday.in
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Vi GST demand: VIL to seek reversal of Rs 10.7 crore penalty order received under CGST Act
Vodafone Idea has received an order under the Central Goods and Services Tax Act, 2017, imposing a penalty of Rs 10.76 crore. The company, which is in disagreement with the order, plans to seek rectification and reversal of the penalty, citing the "alleged wrong transition of CENVAT credit into GST regime."
Source: indiatimes.com
M&M Tax penalty: M&M gets Rs 4.12 crore tax penalty; company to challenge
Mahindra & Mahindra has been fined Rs 4.12 crore for issues related to input tax credit claim and education cess credit balance carry forward from the pre-GST regime to the GST regime for its two-wheeler business. The penalty includes non-reporting of invoices by vendors in GST returns and the disallowance of carrying forward Education Cess credit balance.
Source: indiatimes.com
M&M Tax Penalty: M&M gets INR 4.12 cr tax penalty; company to challenge, ET Auto
M&M Tax Penalty: Mahindra & Mahindra has been fined INR 4.12 crore for issues related to input tax credit claim and education cess credit balance carry forward from the pre-GST regime to the GST regime for its two-wheeler business. The penalty includes non-reporting of invoices by vendors in GST returns and the disallowance of carrying forward Education Cess credit balance.
Source: indiatimes.com
Bayer Cropscience fall on Rs 1.7-crore tax demand
This is the second time in as many weeks that the company has received a GST penalty notice
Source: moneycontrol.com