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Archive: 11 May 2023

Posts in 11 May 2023

GST Case Law Compendium – May Edition

May 11, 2023 8835 Views 1 comment Print

HC held that Rule 89 (4)(c) of CGST Rules which restricts exports made without payment of tax (i.e., under Letter of Undertaking model (LUT Model)) to 1.5 times value of like goods supplied domestically is unconstitutional and ultra vires of the provisions of the GST law

Electronic Invoice (E-Invoice) under GST – Benefits & Process of E-Invoicing

May 11, 2023 12105 Views 0 comment Print

E-invoicing is a process of electronically generating invoices and reporting them to the government’s GST portal for record-keeping and compliance purposes. Threshold limit for the applicability of E-invoice reduced from INR 10 Crores to INR 5 Crores. When aggregate turnover exceeds 5 crore in any of the previous 5 years, for the purpose of the aggregate turnover limit, even the exempted turnover would be considered.

Device based Tokenisation – Card Transactions

May 11, 2023 3297 Views 0 comment Print

A tokenised card transaction is considered safer as the actual card details are not shared with the merchant during transaction processing.

All about Debit Cards, Credit Cards, electronic Cards & Prepaid Cards

May 11, 2023 8860 Views 0 comment Print

Cards can be classified on the basis of their issuance, usage and payment by the card holder. There are four types of cards (a) debit, (b) credit, (c) prepaid, and (d) electronic.

Early Bird missed the Flight while complying 80G Registration procedures

May 11, 2023 4080 Views 3 comments Print

Discover the challenges faced by early birds in complying with the 80G registration procedures under the new scheme of exemption for charitable institutions. Get insights into the transition from provisional to regular registration, timelines for Form 10A and Form 10AB, and the doctrine of impossibility.

HC directs govt to provide reason for rejection of registration application of Haj Operator

May 11, 2023 7899 Views 0 comment Print

AL Hatim Tours And Travels Pvt. Ltd. Vs Union of India (Delhi High Court) The petitioners are private Haj Operators (HGO). They arrange tours to the holy shrines of Mecca/Madina in Kingdom of Saudi Arabia. The Government of India has an agreement with the Kingdom of Saudi Arabia, per which, quotas are allotted to India […]

Quick Start Guide to e-invoicing under GST

May 11, 2023 6063 Views 0 comment Print

This article aims to provide the practical and important information relating to e-invoice in a concise manner to alleviate the fear of e-invoicing in the minds of the taxpayers. It does not purport to cover the entire gamut / legal provisions relating to e-invoicing or the process of generating an e-invoice.

Inverted Duty Structure under GST – An Overview

May 11, 2023 38619 Views 4 comments Print

Ever since the formula has been amended in July 22 for refund of accumulated ITC under Inverted Duty Structure, the scope for obtaining refund has widened and businesses can be benefited by converting the idle credit into cash, thereby contributing towards the working capital requirements.

111 FAQ’s on Statutory Powers of National Investigation Agency (NIA) 

May 11, 2023 1314 Views 0 comment Print

Explore 111 FAQs on the Statutory Powers of Indias National Investigation Agency (NIA). Learn about NIAs establishment, government role, and its professional approach. Get insights into NIAs headquarters and 19 offices across India. Discover the names and contact details of special judges appointed by NIA for 36 courts in various states and 7 courts in Union Territories

Draft Food Safety and Standards (Alcoholic Beverages) Amendment Regulations, 2023

May 11, 2023 960 Views 0 comment Print

Ready-to–drink/ Low alcoholic beverages, shall be low alcoholic, flavored beverages having more than 0.5 to 8.0% of alcohol ABV, made from spirit or the mixture of spirit or any alcoholic beverage other than wine and beer as base by adding natural/nature identical/artificial flavors and/or food additives permitted under the FSS (FPS&FA) Regulations 2011; and/or fruit/vegetable juice with or without added sugar/salt and with or without carbonation.

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May 2023