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Archive: 01 June 2024

Posts in 01 June 2024

Input Tax Credit (ITC) Regulations: Insights and Legal Perspectives

June 1, 2024 9990 Views 0 comment Print

Gain insights into Input Tax Credit (ITC) regulations, including eligibility criteria, burden of proof, legal perspectives, and implications of supplier non-payment. Stay compliant with CGST Act stipulations.

Income Tax Calculator Financial Year 2024-25

June 1, 2024 18213 Views 7 comments Print

Explore the Income Tax Calculator for the Financial Year 2024-25, offering insights on tax planning, deductions, and regime suggestions for salaried employees. Plan your taxes wisely.

Madras HC allows Transition of Unutilized VAT Credit to GST regime

June 1, 2024 399 Views 0 comment Print

Discover the legal stance on transitioning unutilized VAT credit under GST regime, as per a recent ruling by the Madras High Court. Analysis & implications discussed

No recovery proceedings initiation within 3 months of issuance of Order

June 1, 2024 3474 Views 0 comment Print

Learn about the Madras High Court ruling preventing GST Authorities from initiating recovery measures for three months after an order, as per Section 78 of the CGST Act.

571 FAQs on Enforcement Directorate (ED) Functioning in India

June 1, 2024 714 Views 0 comment Print

Explore 571 FAQs on the Enforcement Directorate’s (ED) functioning in India, covering its role, legislative framework, investigations, and preventive measures against money laundering and economic offenses.

Ineligibility of Scrap Dealers for GST Margin Scheme: AAR Rajasthan Ruling

June 1, 2024 447 Views 0 comment Print

Delve into the ruling by GST AAR Rajasthan on whether dealers selling scrap items qualify for the Margin Scheme under Rule 32(5) of CGST Rules, 2017. Learn about the detailed analysis and conclusion provided.

18% GST on ‘Momylac’ Milk Food & Milk for Babies: AAR Rajasthan

June 1, 2024 237 Views 0 comment Print

Ruling clarified that GST rate payable by applicant for supply of Milk food and Milk for babies under brand name Momylac is indeed 18% under HSN 19011090.

GST Applicability on Supervision Fees for MVVNL Projects

June 1, 2024 168 Views 0 comment Print

Clarification on GST applicability for MVVNL’s supervision fees in customer-arranged installations as per the Uttar Pradesh GST AAR ruling.

Sleeping Bag Mk4 Large: HSN 9404 30 90, 12% GST Apply

June 1, 2024 195 Views 0 comment Print

Delve into the GST ruling on Sleeping Bag Mk4 Large by Sureka International in Uttar Pradesh. Learn about the tax rate clarification under GST for this product.

GST Ruling on Taxability of Residential Units in Saviour Park Phase IV

June 1, 2024 336 Views 0 comment Print

Get insights into the GST ruling on whether the sale of residential units in Saviour Park Phase IV after deemed completion or first occupation is taxable or exempt. Find out the implications and dates for GST exemption.

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June 2024