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Goods and Services Tax : Recent GST directive mandates written grounds for arrest, aligning with legal rights. Learn implications and changes in arrest pro...
Goods and Services Tax : Understand the GST fake invoice issue, tax demand, penalties, and possible solutions, including appeals, payments, and expected am...
Goods and Services Tax : Learn about Input Credit Reversal under Sec 16(2) of GST, its conditions, impact on buyers and sellers, and compliance requirement...
Goods and Services Tax : Explore the implications of Section 16(2)(c) of the CGST Act, balancing taxpayer rights and government revenue in Input Tax Credit...
Goods and Services Tax : Learn about Section 128A of CGST Act, introduced to reduce litigation in non-fraud cases, covering tax waivers, notified dates, co...
Goods and Services Tax : West Bengal's GST share dropped from 4.6% in 2019-20 to 4% in 2024-25. Learn about factors affecting revenue, government measures,...
Goods and Services Tax : Government addresses GST exemption on health & life insurance premiums, forming a GoM for review. Key updates on current exemption...
Goods and Services Tax : The government addresses GST complexities with reforms, fraud crackdowns, and MSME compliance relief. Learn about tax slabs, exemp...
Goods and Services Tax : GST on leased properties remains at 18%. Recent changes exclude composition taxpayers from reverse charge liability. No central da...
Goods and Services Tax : GST on commercial training is 18%, while educational institutions' services and books are exempt. Details of GST collection and me...
Goods and Services Tax : Madras High Court rules that GST paid during detention can be claimed as a refund if excess tax is paid in regular returns. Key in...
Goods and Services Tax : When the power to the statutory authority is granted upto five years to modify the order, it cannot be said that the constitutiona...
Goods and Services Tax : Calcutta High Court condoned delay in GST appeal by Kamala Stores, citing S.K. Chakraborty precedent and directing appellate autho...
Goods and Services Tax : West Bengal AAAR denies GST exemption on upfront premium for land lease, citing non-fulfillment of conditions under Notification 1...
Goods and Services Tax : Calcutta High Court quashes GST penalty and goods detention, ruling no intent to evade tax. Authorities directed to release goods ...
Goods and Services Tax : New GST registration rules require biometric or Aadhaar authentication at GSK. Complete verification within 15 days to avoid ARN r...
Goods and Services Tax : The Ministry of Finance has notified the implementation dates for specific provisions of the GST Amendment Rules, 2024. Key rules ...
Goods and Services Tax : CBIC detects Rs. 18.10 crore GST evasion in real estate and organizes a CPR training workshop for officers. Post-Budget discussion...
Goods and Services Tax : Maharashtra establishes GST Suvidha Kendra for Aadhaar-based biometric authentication and document verification for new GST regist...
Goods and Services Tax : Clarified procedure for appeals under Section 128A of CGST Act 2017, addressing disputes on interest and penalty where tax is full...
A. Composition tax payers 1.Annual return in form GSTR-4 for FY 20-21 may be filed upto July 31,2021 2.From GSTR-4 (annual return) of FY 2021-22 onwards, maximum late fees will be Rs 500(CGST+SGST) in case of NIL returns and Rs 2000(CGST+SGST) in case of other returns. 3.It may be noted that late fee per day […]
Highlights of 43rd GST Council Meeting held on 28th May 2021 1. The land owner promoters could utilize credit of GST charged to them by developer promoters in respect of such apartments that are subsequently sold by the land promoter and on which GST is paid. The developer promoter shall be allowed to pay GST […]
Anticipatory bail was granted to the Director of the Company of wrongfully availing Input Tax Credit worth Rs. 22.42 Crores on the condition that applicants should make themselves available for interrogation by the proper officer as and when required;
The 43rd GST council meeting provided relief for small tax payers by way of ease in compliances under GST as well as relief in taxability of COVID 19 related goods. As per the 43rd GST Council Meeting, following relaxations and reliefs were provided: IGST exemption for specified goods like oxygen concentrators, oxygen storage, transportation equipment […]
1. RELATING TO REAL ESTATE – Notification No. 02/2021 – Central Tax (Rate) & Notification No. 03/2021 – Central Tax (Rate) In the 43rd Meeting of The GST Council, it was recommended to allow credit to landowners in joint development agreements even before the completion certificate is received. Notifications No. 02/2021 – Central Tax (Rate) […]
In partial modification to the Office Memorandum of even no. 9221 to 9225 dated 22.11.2019 with respect to the constitution of Group of Ministers (GoM) on movement of Gold and Precious Stones, its membership is now reconstituted as follows:
Orders of assessments were a quasi-judicial order passed after hearing of assessee, followed by issuance of demand notices as per the provision of JVAT Act itself and assessee had statutory remedies against the orders of assessments whose limitation commence from the date of receipt of the demand notices and not from the date of the assessment orders
Section 136 of CGST Act carved out certain circumstances under which statements given could be made relevant for the purpose of proving in any prosecution of an offence under the Act and but otherwise. The circumstances listed out are: The person who has given statement is i) dead/ not found/ incapable/ kept out etc. ii) has been examined in a court and court is opinion that such statement should be admitted.
Extension in dates of various GST Compliances for GST Taxpayers Government has extended the dates of various compliances by Taxpayers under GST vide Notn No 12/2021-CT, dated 1st May, 2021, r/w Notn No 17/2021 CT dated 1st June, 2021, Notn No 14/2021-CT, dated 1st May, 2021,r/w Notn No 24/2021-CT, dated 1st June, 2021, Notn No 25/2021-CT, dated 1st June, 2021, Notn […]
1. Notification No. 16/2021 of Central Tax Dated: 01/06/2021 Appointed Effective date for provisions of section 112 of Finance Act, 2021 as 1st June, 2021, which amended Sub section (1) Section 50 of Central Goods and Services Act retrospectively. i.e., Interest shall be levied only on the portion of the tax which is paid by […]
