- Judicial Trends on Missed GST Notices: Courts are increasingly scrutinizing missed GST notices, leading to severe consequences such as demand orders, registration cancellations, and penalties, highlighting the importance of strict compliance with GST timelines and procedures.
- Supreme Court’s Online Gaming Tax Case: The Supreme Court of India is deliberating on whether games of skill played for money should be classified as gambling and taxed at 28%, a decision that could significantly impact the online gaming industry’s legal and fiscal landscape.
- Key Rulings and Updates: Notable judicial decisions include the Allahabad High Court’s ruling on claiming GST input tax credit from non-existent firms, the Supreme Court allowing businesses to rectify GST returns post-deadline, and the Calcutta High Court’s clarification regarding self-assessed tax in GST returns.
Source Taxscan
