Goods and Services Tax

Opportunity of being heard shall be given before passing of any order by GST Authority

HC set aside the order imposing liability of Service tax along with interest & penalty and order in Form GST DRC-16 by the Assistant Commissioner for attachment of factory premises on the ground that no opportunity of personal hearing was given and held that one opportunity shall be given to appear and to defend the case....

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Analysis of GSTIN (Goods and Services Tax Identification Number)

Under GST when your GST registration application gets approved then you get registration certificate in REG-06 mentioning registration number which is called as GSTIN (Goods and Services Tax Identification Number) and practically this GSTIN is also called as GST Number or GST Registration Number. GSTIN (Goods and Services Tax Identificati...

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Analysis of GST Rule 86B – Restriction on ITC Utilisation in ECL

ANALYSIS OF RULE 86B OF THE CGST RULES 2017 – Restriction on ITC Utilisation in Electronic Credit Ledger (ECL) Taxability: Applicable with effect from 01.01.2021 through NN 94/2020 dtd 22nd Dec, 2020. Applicability: Applicable on taxpayer having turnover > 50 lakhs in a month. Provision: Taxpayers covered under this rule are liab...

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Withholding of GST Refund Order was Quashed as no Reasons of Fraud or Malfeasance

Bushrah Export House Thru Sole Prop. Asif Ali Vs. UOI (Allahabad High Court) Facts of the Case ♣ The petitioner had made an application on 26.05.2020 seeking refund and acknowledgment in respect whereof was also issued by the respondent-department ♣ After giving due opportunity of hearing to the petitioner the Principal Commissioner, ...

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Stringent provisions of GST imposed vide Budget 2021

Budget 2021 proposes the imposition of some of the stringent provisions under the Goods and Services Tax (GST). The present article tries to explain the said provisions and their effect thereon, which are proposed to be imposed vide the Finance Bill 2021. Some of which includes Retrospective amendment introduced in ‘scope of supply’, ...

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E-invoicing – Request for immunity to dealers upto 31.03.2021

E-invoicing for dealers having turnover above certain limits in any Preceding any Financial year from 2017-18 onwards- Request for giving immunity to these dealers up to 31st. March 2021....

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Declaration of HSN Code for Goods & Services wef 01.04.2021

DECLARATION OF HSN CODE FOR GOODS AND SERVICES Effective from 1st April, 2021 For Taxpayers (with aggregate Annual Turnover more than Rs. 5 Crore during the FY 2020-21) 6 Digits of HSN Code for Goods and Services to be mentioned mandatorily in all Tax Invoices For Taxpayers (with aggregate Annual Turnover up to Rs. 5 […]...

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CGST arrests two for GST Fraud of more than Rs 392 crore

. The syndicate has thus defrauded the Government exchequer of more than Rs. 392 crore by issuing bogus invoices of more that Rs. 3,000 crore without actual supply of any goods or services which is likely to increase as the investigation progresses. It is pertinent to mention that M/s Vertilink Media Solutions Private Limited has adm...

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Upcoming changes in Table-12 format of GSTR-1 Return

Upcoming changes in Table-12 format of GSTR-1 Return 1. Changes in format of GSTR-1 Return 2. Changes in number of digit of HSN Code to be reported. Upcoming changes in Table-12 format of GSTR-1 Return Changes in number of digit of HSN Code to be reported. From 1st April 2021 onwards, it is mandatory to […]...

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Self-Learning Certification Courses on GST, Customs & Income Tax

Join Self-Learning Certification Course on GST, Income Tax and Customs including Import & Export by TaxGuru Edu The new normal has opened up new frontiers for all of us. The challenges of present times have created new possibilities. To comprehend the opportunities, new perspectives and a fresh outlook, we need to do de-learning and r...

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No penalty for non-declarations of concessional rate of tax in VAT/CST Registration Certificate

Mahindra & Mahindra Ltd. Vs Joint Commissioner (Madras High Court) - Proposal to levy penalty on the ground that assessee- dealer purchased SAP software at concessional rate of tax against C Form Declarations without having included the same in the registration certificate issued under the CST Act was made by an officer, who was not the officer, who passed the order ...

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GST Evasion Case: HC Grants Conditional Regular Bail

Basanat Pherumal Makhija Vs State Of Gujarat (Gujarat High Court) - The authorities will release the applicant only if he is not required in connection with any other offence for the time being. If breach of any of the above conditions is committed, the Sessions Judge concerned will be free to issue warrant or take appropriate action in the matter....

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HC directs U.P. RRDA to ensure reimbursement of GST to contractor

Maa Vindhya Vasini Constructions V. Sujit Kumar C.E.O (Allahabad High Court) - Maa Vindhya Vasini Constructions V. Sujit Kumar C.E.O (Allahabad High Court) The grievance of the applicant company is that despite deposit of GST from its own source, opposite parties failed to refund the applicant the tax component. Aggrieved, applicant approached this Court by filing a writ petit...

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Non-deposit of GST after collecting- Anticipatory bail denied to accused

Navneet Singh Vs Commissioner of Central Tax (GST) (Patiala House Court) - Navneet Singh Vs Commissioner of Central Tax (GST) (Patiala House Court) In the present case, the allegations against the accused company are that they had collected the CGST from the clients of the company to the tune of 24.96 crores and not deposited the same with the government, thus committed of...

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GST on supply of food inside the restaurant (branch) situated in zoological garden

Hotel Sandesh Private Limited (GST AAR Karnataka) - In re Hotel Sandesh Private Limited (GST AAR Karnataka) What is the applicable Rate of GST (SGST and CGST) for the supply of food inside the restaurant (branch) situated in zoological garden? The applicable Rate of GST (SGST and CGST) for the supply of food inside the restaurant (branch) situated in...

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Procedure for Rajasthan Amnesty Scheme 2021

[No. F.( )/Tax (VAT)/Amnesty/CCT /20-21/,2617] - (04/03/2021) - Procedure for Amnesty Scheme-2021 and for disposal of outstanding demands or disputes pertaining to the period upto 30.06.2017:- 1. Registered, Cancelled and Unregistered Dealers/Persons may apply on the web portal of Commercial Taxes Department (rajtax.gov.in) for expressing their willingness to ta...

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Fake invoices with a face value of Rs. 3308 crore unearthed

D.O.No.54/CH(IC)/2020 - (01/03/2021) - I am happy to note that the anti-evasion teams of Jaipur and Alwar CGST Commissionerates have used data analytics to unearth a large case of fraudulent ITC availment, involving fake invoices with a face value of Rs. 3308 crore by several non-existent firms registered in Jaipur. These firms had fraud...

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Due date for filing GSTR-9 & GSTR-9C for FY 2019-20 extended

Notification No. 04/2021– Central Tax - (28/02/2021) - Due date for furnishing of GSTR-9 and GSTR-9C for the financial year 2019-20 extended further to 31.03.2021. Due date was earlier extended from 31.12.2020 to 28.02.2021...

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Certain Important Budget 2021 changes under ACES-GST Application

Advisory No. 05/2021 - ACES-GST (CE&ST) - (27/02/2021) - ACES GST (CE&ST) - Issue of Advisory on allotment of Temporary Accounting Code to pay Agriculture Infrastructure and Development Cess (Central Excise) – regarding....

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Rajasthan Budget 2021- Tax Proposals (Summary & Notifications)

Notification No. S.O.451. to S.O.477 - (24/02/2021) - Rajasthan Budget 2021-22 Tax Proposals Covid- 19 has adversely affected all sectors of economic activity such as Industry, Real Estate, Tourism, Commerce, Agriculture etc. This resulted into shortfall of 32% of Budgeted revenue of the State in 2020-21. To add to this problem, Rajasthan’s share...

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Recent Posts in "Goods and Services Tax"

No penalty for non-declarations of concessional rate of tax in VAT/CST Registration Certificate

Mahindra & Mahindra Ltd. Vs Joint Commissioner (Madras High Court)

Proposal to levy penalty on the ground that assessee- dealer purchased SAP software at concessional rate of tax against C Form Declarations without having included the same in the registration certificate issued under the CST Act was made by an officer, who was not the officer, who passed the order dated 30.1.2014, as there had been a tra...

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E-invoicing – Request for immunity to dealers upto 31.03.2021

Ref:- AIMTPA/032/211-21 (04/03/2021)

E-invoicing for dealers having turnover above certain limits in any Preceding any Financial year from 2017-18 onwards- Request for giving immunity to these dealers up to 31st. March 2021....

Read More

Opportunity of being heard shall be given before passing of any order by GST Authority

HC set aside the order imposing liability of Service tax along with interest & penalty and order in Form GST DRC-16 by the Assistant Commissioner for attachment of factory premises on the ground that no opportunity of personal hearing was given and held that one opportunity shall be given to appear and to defend the case....

Read More

Declaration of HSN Code for Goods & Services wef 01.04.2021

DECLARATION OF HSN CODE FOR GOODS AND SERVICES Effective from 1st April, 2021 For Taxpayers (with aggregate Annual Turnover more than Rs. 5 Crore during the FY 2020-21) 6 Digits of HSN Code for Goods and Services to be mentioned mandatorily in all Tax Invoices For Taxpayers (with aggregate Annual Turnover up to Rs. 5 […]...

Read More

GST Evasion Case: HC Grants Conditional Regular Bail

Basanat Pherumal Makhija Vs State Of Gujarat (Gujarat High Court)

The authorities will release the applicant only if he is not required in connection with any other offence for the time being. If breach of any of the above conditions is committed, the Sessions Judge concerned will be free to issue warrant or take appropriate action in the matter....

Read More

CGST arrests two for GST Fraud of more than Rs 392 crore

. The syndicate has thus defrauded the Government exchequer of more than Rs. 392 crore by issuing bogus invoices of more that Rs. 3,000 crore without actual supply of any goods or services which is likely to increase as the investigation progresses. It is pertinent to mention that M/s Vertilink Media Solutions Private Limited has adm...

Read More

Analysis of GSTIN (Goods and Services Tax Identification Number)

Under GST when your GST registration application gets approved then you get registration certificate in REG-06 mentioning registration number which is called as GSTIN (Goods and Services Tax Identification Number) and practically this GSTIN is also called as GST Number or GST Registration Number. GSTIN (Goods and Services Tax Identificati...

Read More

Analysis of GST Rule 86B – Restriction on ITC Utilisation in ECL

ANALYSIS OF RULE 86B OF THE CGST RULES 2017 – Restriction on ITC Utilisation in Electronic Credit Ledger (ECL) Taxability: Applicable with effect from 01.01.2021 through NN 94/2020 dtd 22nd Dec, 2020. Applicability: Applicable on taxpayer having turnover > 50 lakhs in a month. Provision: Taxpayers covered under this rule are liab...

Read More

Withholding of GST Refund Order was Quashed as no Reasons of Fraud or Malfeasance

Bushrah Export House Thru Sole Prop. Asif Ali Vs. UOI (Allahabad High Court)

Bushrah Export House Thru Sole Prop. Asif Ali Vs. UOI (Allahabad High Court) Facts of the Case ♣ The petitioner had made an application on 26.05.2020 seeking refund and acknowledgment in respect whereof was also issued by the respondent-department ♣ After giving due opportunity of hearing to the petitioner the Principal Commissioner, ...

Read More

Upcoming changes in Table-12 format of GSTR-1 Return

Upcoming changes in Table-12 format of GSTR-1 Return 1. Changes in format of GSTR-1 Return 2. Changes in number of digit of HSN Code to be reported. Upcoming changes in Table-12 format of GSTR-1 Return Changes in number of digit of HSN Code to be reported. From 1st April 2021 onwards, it is mandatory to […]...

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Goods and Services Tax India

The Goods and Services Tax or better known as GST is a Value added Tax and is a comprehensive indirect tax which is levied on the manufacture, consumption, and sale of goods and services. The Goods and Services Tax in India would replace all the indirect taxes which are levied today on goods and services by the Central and the State governments. GST is intended to be comprehensive for most of the goods and services. Goods and Services Tax is a single indirect tax for the entire nation, which would make India a unified market. It is proposed to be a single tax on supply of goods and services, from a manufacturer to the end consumer. The credit of all the input taxes which are paid at each and every stage would be allowed in the following stages of value addition that makes GST basically a tax on value addition only at every stage. The end consumer would have to bear only the Goods and Service Tax which is charged by the final dealer within the supply chain, together with all the set-off benefits availed at previous stages. At Taxguru, we provide all the latest GST news to our viewers. Our group of expert keep a close check on all the latest developments and provide a comprehensive analysis on GST updates. We keep updating our portal with articles on GST for the enlightening our readers. Bookmark us for all the GST articles and much more on GST.

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