We are here to fight against any violance with experience
In the assessment year 2017-18, the Felder Group, a company operating in India, was involved in a taxation case related to the Goods and Services Tax (GST). The case was related to the amount of tax paid by the company for the specified assessment year. After a legal battle, the company was successful in winning the case and received a return of 30 lakh rupees in taxation.
The GST is a value-added tax that was implemented in India on July 1, 2017, and replaced the previous system of multiple indirect taxes. The GST is levied on the supply of goods and services and is collected by the government at each stage of the supply chain. Companies are required to file regular returns and pay the tax owed based on their sales and purchases.
In the case of the Felder Group, it appears that there was a dispute over the amount of GST that the company owed for the assessment year 2017-18. The company challenged the amount that was demanded by the tax authorities and was eventually successful in proving that they had overpaid the tax.
Overall, the case highlights the importance of accurate record-keeping and compliance with tax laws, as well as the need for companies to be prepared to defend themselves in the event of a dispute with the tax authorities.
