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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 : Learn how to address GST notices on excess ITC claimed in GSTR-3B compared to GSTR-2B with structured replies, reconciliation step...
Goods and Services Tax : The article analyzes the key GST provisions for e-commerce, focusing on regulatory frameworks, compliance requirements, and associ...
Goods and Services Tax : Haryana revives entry tax after 8 years, sparking legal concerns. Understand the implications, recovery limits, and legal remedies...
Goods and Services Tax : The GST Council has deferred decisions on insurance premium taxation, granting more time to the GoM to finalize its recommendation...
Goods and Services Tax : Tirumala Tirupati Devasthanam gets GST exemptions on religious services, but GST of ₹36.28 crore was paid in 2024-25. Details of...
Goods and Services Tax : NBEMS stopped collecting GST on course fees per court order. Refund processing has begun, but no enquiry has been instituted. Deta...
Goods and Services Tax : Tobacco tax revenue contributed 1.27%-2.75% of Gross Tax Revenue from 2016-2024. Funds are allocated across government programs, i...
Goods and Services Tax : The GST Council deferred a decision on reducing GST on health and life insurance premiums in its 55th meeting as GoM sought more t...
Goods and Services Tax : Supreme Court rejects SLP of Goverdhandham Estate against Rajasthan HC's decision in GST dispute over ITC eligibility on elevators...
Goods and Services Tax : Madras High Court directed granting of one final opportunity of being heard as demanded by assessee on payment of 10% of the dispu...
Goods and Services Tax : Petitioner runs a hotel and registered under GST. It was issued a notice in GST ASMT-10 intimating certain discrepancies which sta...
Goods and Services Tax : Kerala HC orders IGST refund decision within two months, reviewing the petitioner’s “risky exporter” status. Refund claim pe...
Goods and Services Tax : Orissa HC directs refund of GST differential amount for a contractor despite a locked payment system, ensuring reimbursement withi...
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...
Goods and Services Tax : GST applicants in Maharashtra & Lakshadweep must complete biometric Aadhaar authentication & document verification at GST Suvidha ...
Goods and Services Tax : GST advisory clarifies E-Way Bill rules for goods under Chapter 71, excluding HSN 7117. Mandatory in Kerala; voluntary EWB generat...
GST Provisions for Tax Collected at Source ( TCS ) have become applicable since 01-10-2018. Related section, rule, notifications and circulars are as under : > Section 52 of the CGST Act, 2017 > Rule 85 of the CGST Rules, 2017 > Notification 51/2018-Central Tax– Notified date as 01-10-2018 for implementation of TCS provisions > Notification […]
Here We Mention the following Due dates, Interest Clause, Penalty Clause and other useful Notifications (Covered Notification No. 30/2020 to Notification No. 36/2020) which are very useful for the purpose of GST Return Filling and other GST Compliances. A. New Dates for Filling of GSTR-3B T/o in last FY Interest Charged February 20 March 20 […]
Recently the decision of the Advance Rulings Authority of Rajasthan gave its decision in the case of Clay Craft India Pvt. Ltd. – Advance Ruling No. RAJ/AAR/2019-20/33 which has created a ripple in the hitherto sound understanding and for that matter taking for granted that Directors Remuneration is Equivalent to Salary paid to an Employee […]
As per Entry 6 of Notification 13/2017 dated June 28, 2017 provides for RCM implications on the services rendered by the director of a company or body corporate to the said company or body corporate thereby creating an onus on the company to pay taxes under RCM on the said services supplied by directors. As per this entry director remuneration is liable to GST under RCM but there are some exceptions which are stated in Schedule III of CGST Act.
1. Introduction: Remuneration/dividend paid to directors/shareholders has always been a subject of ambiguity under any taxation law. Deemed dividend is a topic of ambiguity under the Income Tax Act, 1961 and applicability of GST as per reverse charge on remuneration paid to directors have been a topic of ambiguity under the erstwhile Service Tax Law […]
GST Refund vis-à-vis temporary GST registration-CBIC had mentioned 12 categories (one being residuary category) under which refund application has to be filed electronically. One such situation is ‘refund on account of assessment/appeal/any other order’. To file an online refund application, a person must have a GST registration in a state where he/she seeks the refund. However, there are cases when the department granted temporary registration to a person in a state where he/she does not carry out any business. Let us first examine the Rule 16 which is related to suo moto registration.
Section 17(5) deals with blocked credit in GST. It enlists various circumstances under which the Input Tax Credit shall not be allowed to the Recipient irrespective of Section 16(1) & 18(1) of Central Goods and Services Tax Act, 2017. Sub-Section(c) & (d) of section 17(5) deal with blocked credit relating to Works Contract Services and […]
Section 35(6) could have been invoked if the GST authorities would have conducted a search and found unaccounted stock. Since the search was conducted by the income tax authorities and now for the purpose of GST the registered person is himself recording the unaccounted stock therefore the provisions of 35(6) are not attracted.
Bunching of GSt refund claims across Financial Years: i) At the outset, provisions under GST didn’t allowed taxpayer for clubbing of tax period across financial years for claiming refund application. (Say application from Jan’2018 to Dec’ 2018 cannot be filled since it is crossing two financial year.) The same stand was taken in master circular dated 18th Nov 2019 vide Para no. 8.
Taxability of gift vouchers / prepaid vouchers has always been a contentious issue in our country, where in fact the Supreme Court has also been referred to multiple times to clear the indirect tax position. Since these issues were raised under the different erstwhile indirect tax laws in the country, the GST Act was designed since inception to include and clarify the intention of the Revenue for taxing such transactions under the new single indirect taxation regime
