HC ruled that petitioner is not eligible for benefit of payment of taxes in instalments as per Section 80 of GST Act in view of non-payment of due taxes as per returns filed.
Assessee entitled to claim Input Tax Credit in respect of period from cancellation of GST registration till registration is restored.
That it is eligible to claim ITC on the CSR expenditure spent by it since it is spent in accordance with the provisions laid down by Companies Act, 2013. CSR expenses incurred by the applicant have been mandated under the Companies Act, 2013.
Explore the availability of Input Tax Credit under the margin scheme (Rule 32(5)) for registered persons discharging tax. Find out how it affects rent, advertisement expenses, and more.
Under GST law akin to Pre-GST regime, there is a requirement to pre-deposit specified percentage of tax in dispute before filing appeal with Appellate Authorities. However, the moot question which has been a bone of contention between the department & taxpayers is whether this pre-deposit is mandatorily to be paid from Electronic Cash Ledger or it can be paid from Electronic Credit Ledger (ECL).
One of the peculiar issue has been the availability of ITC on demo cars where multiple contrary rulings by Advance ruling authorities have added to the confusion.
Get the latest updates on the major recommendations of the 47th GST Council meeting. Find out about rate rationalization, GST system reforms, and more.
Find answers to your FAQs on TDS under section 194S of Income Tax Act, 1961. Understand the provisions, rates, and threshold limits for TDS on transfer of virtual digital assets (VDAs).
Understanding compliance for NGOs in India. Learn about the legal framework and regulations that govern these non-profit organizations.
HC set aside the order passed by GST authorities blocking the electronic credit ledger stating that the order passed is without any application of mind and “reasons to believe”. Captioned order has been analyzed in this update.
