Tag
GST
5 articles
GST-related disputes and compliance challenges are impacting several Indian businesses. Thomas Cook India faces a ₹20.7 lakh demand, while JK Lakshmi Cement secured a favorable appeal overturning an ₹879.15 lakh tax claim. Tolins Tyres highlighted GST anomalies as a key factor contributing to margin decline despite a 12% revenue increase, alongside geopolitical headwinds and extended credit terms. These developments underscore the ongoing complexities of India’s GST regime and potential for unexpected financial impacts, requiring businesses to carefully manage compliance and factor in potential risks to profitability.
Darjeeling Flour Mills Audit Appeal Dismissed
The Calcutta High Court dismissed Darjeeling Flour Mills' appeal against CGST audit notices for FY 2020‑2024, upholding the lower court's order.
The Court held Section 65(1) of CGST Act imposes no tim
ICICI Prudential Life Insurance GST Appeal Order Update
ICICI Prudential Life Insurance received a partially favorable GST appeal order for FY2018 from Andhra Pradesh tax authorities.
The order partially upholds a tax demand totaling ₹1.65 lakh for excess
Purohit Construction GST Appeal Dismissed, ₹4.16Cr Demand
Purohit Construction discloses receipt of an Order-in-Appeal dated June 23, 2026, from GST Commissioner (Appeals), Ahmedabad.
The appeal against an earlier GST demand order was dismissed, upholding a
Bajaj Auto Wins GST Appeal, Rs. 1.5 Lakh Demand Set Aside
Bajaj Auto received a favorable appellate order setting aside a GST demand of Rs. 74,818 plus interest and penalty.
The Commissioner (Appeals) dropped allegations of wilful suppression of ITC reversal
Tolins Tyres FY26 Revenue Up 12%, Margins Decline
Tolins Tyres reported 12% YoY revenue growth to INR 327.12 Cr for FY26, though EBITDA and PAT declined due to margin pressures.
Management cited GST anomalies, geopolitical issues, and extended dealer