Intricacies around obtaining GST registration, issuance of revised tax invoices and availing of input tax credit for the period prior to date of registration Below is a brief discussion around obtaining GST registration, issuance of revised tax invoices and availing of input tax credit for the period prior to date of registration: Brief b...
Read MoreNeed of E-Way Bill ? 1. Tracking Transportation of Goods (as GST is a Destination Based Tax System) 2. To Avoid Tax Evasion When E-Way Bill Needs to be Issue ? When ever there is Movement of Goods + Value of Goods Exceed 50,000 Note : 1. Value means TAXABLE VALUE of Goods is Inclusive […]...
Read MoreBackground The Goods and Services Tax (GST) was implemented in India on 1st July, 2017. It has been four years since the GST unified most of the indirect taxes laws in India. As it subsumed multiple taxes such as service tax, central excise and value added tax with aims to eliminate the cascading effect of […]...
Read MoreNew functionalities deployed on the GSTN portal in the month of July 2021 1. Submission of a complaint in case of misuse of PAN > Do a Search by PAN functionality on GSTN Portal and check all the registrations available/ taken in GST, linked to that PAN. > You can now submit an online complaint, in […]...
Read MoreUnder GST scenario supply of labour services is also an important issue. Prior to GST certain Supply of Labour Services were taxable under the Service Act, After introduction of the Goods and Services Tax Act,2017, most of the Supply of Labour Services are taxable. So, we have to know how to handle Supply of Labour Services […...
Read MoreJoin Self-Learning Certification Course on GST, Income Tax and Customs including Import & Export by TaxGuru Edu at 40% Discount till 15th May 2021...
Read MoreTax Bar Association Ref: 005/2021 (Date: 25th July 2021) To The Hon’ble Chief Commissioner State Taxes Kar Bhawan Ambedkar Circle Jaipur Sub: – Request for clarification of category of outstanding demand or disputed demand with reference to the Amnesty Scheme -2021 Reference: Notification No. No.F.12(29) FD/Tax/2021-269 dated 24t...
Read MoreThe Government has awarded Appreciation Certificates, on the eve of completion of 4 years of GST, to 54,439 (Fifty-four thousand four hundred and thirty-nine) taxpayers who have made substantial contribution in payment of GST and filed their returns in a timely manner....
Read MoreOn data analysis it was found that there were considerable gaps in the input tax credit available in GSTR-2A as compared with actual tax credit availed in GSTR-3B of M/s Shri Krishna Enterprises (Prop. Krishan Deep Garg), Gurgaon. It was also observed that there was a large accumulation of input tax credit of CESS for the said taxpayer....
Read MoreAIMTPA – All India MSME and Tax Professionals Association has invited two GST Experts on it’s Platform on 24th July 2021 and a webinar was organized to discuss the Ground realities and problems of Goods and Service tax. The Experts were CA (Adv.) Bimal Jain and CA Sudhir Halakhandi. The experts discussed various issues related [&helli...
Read MoreNezone Tubes Limited Vs The Assistant Commissioner (CT) (Madras High Court) - The Petitioner contended that the amendment was effected by way of rectification of an anomaly and therefore, it cannot be construed as a new policy. Thus, the benefit of ITC granted pursuant to the amendment is to be extended so as to cover the transactions took place prior to the insertion of the ...
Read MoreR. J. Trading Co. Vs Commissioner of CGST, Delhi North & - R. J. Trading Co. Vs Commissioner of CGST, Delhi North & Ors. (Delhi High Court) Search and Seizure carried out by the Inspector of CGST without authority of a proper jurisdictional officer is unlawful – Delhi High Court In case of R J Trading Company vs. Commissioner of CGST, Delhi (W.P.(...
Read MoreSt. Joseph Tea Company Ltd. Vs State Tax Officer (Kerala High Court) - St. Joseph Tea Company Ltd. Vs State Tax Officer (Kerala High Court) The recipients of the petitioner under its provisional registration (ID) for the period from 01.07.20217 to 09.07.2018 shall not be denied ITC only on the ground that the transaction is not reflected in GSTR 2A. It will be open for...
Read MoreIn re Global Gruh Udyog (GST AAR Gujarat) - In re Global Gruh Udyog (GST AAR Gujarat) Authority for advance ruling, Gujarat, held that For classification of a product its ingredients, manufacturing process and trade parlance is important and not it’s size and shape. Accordingly, papad of any size and shape will attract NIL GST. Earlier ...
Read MoreUnion Of India Vs Merchem India Pvt. Ltd (Kerala High Court) - Union Of India Vs Merchem India Pvt. Ltd (Kerala High Court) It is significant to note that the statute does not provide for any provision for lapsing of unutilized input tax credit for non filing of TRAN-1. The input tax credit is required by law to be credited to the electronic credit ledger of an...
Read More492 - (27/07/2021) - New functionality on Annual Aggregate Turnover (AATO) deployed on GST Portal for taxpayers. GSTN has implemented a new functionality on taxpayers’ dashboards with the following features: The taxpayers can now see the exact Annual Aggregate Turnover (AATO) for the previous FY, instead of just the t...
Read MoreD.O.No.80/C11(1C)/2020 - (26/07/2021) - On the Anti-smuggling front, acting on specific intelligence, officers of DRI Siliguri Regional Unit intercepted a vehicle coming from Guwahati and moving towards Lucknow. On thorough rummaging, 50 gold biscuits of foreign origin weighing about 8.3 Kg with an approximate value of Rs. 4.07 crore were...
Read MoreAdvisory No. 491 - (22/07/2021) - Filing of Annual returns by composition taxpayers. – Negative Liability in GSTR-4 Filing of Annual returns by composition taxpayers. – Negative Liability in GSTR-4 Instances have come to notice where taxpayers are reporting negative liability appearing in their GSTR-4. Background: Since ...
Read MoreCircular No. 157/13/2021-GST - (20/07/2021) - The extension granted by Hon'ble Supreme Court order applies only to quasi-judicial and judicial matters relating to petitions/ application suits/ appeal all other proceedings. All other proceedings should be understood in the nature of the earlier used expressions but can be quasi-judicial proceedi...
Read MoreD.O.No.79/CH(IC)/2020 - (19/07/2021) - It is said that in any organisation quality is everyone’s responsibility. It is very satisfying when an independent assessor assesses the quality of our collective work and the results show a very high degree of compliance to benchmarks....
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Nezone Tubes Limited Vs The Assistant Commissioner (CT) (Madras High Court) -
R. J. Trading Co. Vs Commissioner of CGST, Delhi North & -