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Central Goods and Services Tax

Mahindra Holidays gets GST demand notice of Rs 16.77 crore

Mahindra Holidays gets GST demand notice of Rs 16.77 crore

Wed, Aug 14, 2024

Mahindra Holidays & Resorts India has received a tax demand notice of Rs 16.77 crore, including a penalty, from the tax authorities for FY2019-20. The notice pertains to GST issues under the TN GST Act and CGST Act, including penalties for excess ITC utilization and reverse charge mechanism discrepancies. The company is pursuing legal remedies and does not anticipate significant financial impact from the order.

CBIC issues instructions for initiating early GST recovery

CBIC issues instructions for initiating early GST recovery

Sun, Jun 02, 2024

Under the GST law, if a taxable person does not pay the amount specified in an order passed under the CGST Act within three months from the date of service of such order, the tax officer can initiate recovery proceedings only after the expiry of this period.

GST collections rise 12% to Rs 1.57 lakh crore in May

GST collections rise 12% to Rs 1.57 lakh crore in May

Thu, Jun 01, 2023

Revenue from the import of goods increased 12 per cent, according to the data released by the Ministry of Finance.

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Land leasing, renting to attract GST from July 1

Land leasing, renting to attract GST from July 1

Tue, Mar 28, 2017

Sale of land and buildings will be however out of the purview of GST, the new indirect tax regime. Such transactions will continue to attract the stamp duty, according to the legislations Finance Minister Arun Jaitley introduced in the Lok Sabha yesterday for approval.

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