Goods and Services Tax - Page 10

Seizure of Goods: HC order GST department to pass speaking order

Nikunj Steel Vs State of Punjab and others (Punjab and Haryana HC)

After hearing learned counsel for the petitioner, perusing the present petition and without expressing any opinion on the merits of the case, we dispose of the present petition by directing respondent No.2 to take a decision on the representation dated 13.3.2019 (Annexure P-10), in accordance with law by passing a speaking order and after...

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Do not levy Penalty for GST system problem due to design limitation: HC

Clix Capital Services (P.) Ltd. Vs Union of India (Delhi High Court)

Clix Capital Services (P.) Ltd. Vs Union of India (Delhi High Court) It is submitted by learned counsel for the petitioner that further to the previous directions, the Form GSTR-3B filed manually has since been processed and the notional demand in respect of Rs.16.80 crores has been reversed. It is submitted that in these circumstances, [...

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Due date of Form GSTR-3B extended in specified districts of Odisha

Notification No. 24/2019 – Central Tax (11/05/2019)

Due date of filing Form GSTR 3B for the month of April, 2019, extended for cyclone hit districts of Odisha for registered persons in specified districts of Odisha till 20.06.2019 vide Notification No. 24/2019 – Central Tax dated 11th May, 2019. As per notification no. 24/2019 both dated 11-May-2019, issued by Government of India, Minis...

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Due date of Form GSTR-1 extended in specified districts of Odisha

Notification No. 23/2019 – Central Tax [G.S.R 358(E)] (11/05/2019)

Due date of filing Form GSTR 1 for the month of April, 2019, extended for cyclone hit districts of Odisha for taxpayers having aggregate turnover more than Rs. 1.5 crores for the month of April, 2019 for registered persons in specified districts of Odisha till 10.06.2019 vide Notification No. 23/2019 – Central Tax dated 11th May, [&hel...

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Committee on Generation of Electronic Invoice through GST Portal

F. No.: 189/Generation of Invoice /GSTC/2019 (22/04/2019)

A Committee of Officers has been constituted on Generation of Electronic Invoice through GST Portal to, inter-alia to Study and examine the electronic tax invoice system of South Korea, Latin America and other relevant countries, Examine and suggest the target taxpayers and threshold limits, Examine impact on the E-way Bill, Examine and s...

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Actions during Assessment Proceedings u/s 63 against Unregistered Persons

A. FAQs on Taking Actions during Assessment Proceedings u/s 63 of Central Goods & Services Tax Act, 2017 against Unregistered Persons Q. 1. Who all fall under ‘Unregistered Persons’ category? Ans. Following persons will fall under ‘Unregistered Persons’ category: 1. Taxpayers who are not registered under the GS...

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GST: How to File Reply during General Penalty Proceedings u/s 125

A. FAQs on Filing Reply or Taking Actions during General Penalty Proceedings u/s 125 of Central Goods & Services Tax Act, 2017 Q. 1. When can a General Penalty be imposed on a taxable person? Ans. General Penalty can be imposed on a taxable person when he/she contravenes any of provisions of Section 125 of […]...

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All types of ITC Forms under GST – CRUX

In this article you will get to know about all the 4 Types of ITC Forms available at GST Portal in brief and will help to get a clear understanding about them by reading CRUX. There are 4 types of ITC Forms, which are as follows:- ♣ ITC 01 – ITC for new GST Registration […]...

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UTGST: Real Estate- Exercise of Option to pay tax- Date extended

Notification No. 10/2019-Union Territory Tax (Rate) (10/05/2019)

Seeks to amend notification No. 11/ 2017- Union Territory Tax (Rate) so as to extend the last date for exercising the option by promoters to pay tax at the old rates of 12%/ 8% with ITC vide Notification No. 10/2019- Union Territory Tax (Rate) Dated 10th May, 2019. Government of India Ministry of Finance (Department […]...

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IGST: Real Estate- Exercise of Option to pay tax- Date extended

Notification No. 9/2019- Integrated Tax (Rate) (10/05/2019)

To amend notification No. 8/ 2017- Integrated Tax (Rate) so as to extend the last date for exercising the option by promoters to pay tax at the old rates of 12%/ 8% with ITC vide Notification No. 9/2019- Integrated Tax (Rate) Dated 10th May, 2019 Government of India Ministry of Finance (Department of Revenue) Notification No. […]...

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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.

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