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Goods and Services Tax : Tax Department की Search & Seizure कार्रवाई में व्यापारी कैसे अपने अ�...
Goods and Services Tax : Understand the recovery process for excess input tax credit distributed by ISD, its eligibility verification, legal provisions, an...
Goods and Services Tax : Any person who applies for registration under GST will have to undergo the process of Aadhar Authentication, mandatorily in terms ...
Goods and Services Tax : Understand whether GST registration is mandatory for service exporters in India. Analysis of CGST and IGST provisions on inter-sta...
Goods and Services Tax : New GST notifications for hotels/restaurants: 'Specified Premises' introduced, 'Declared Tariff' removed. Learn opt-in/out rules &...
Goods and Services Tax : Odisha Finance Department clarifies that GST does not apply to compensation for land and building acquisition, advising government...
Goods and Services Tax : GST on commercial coaching services, exemptions for educational institutions, and book tax status. Details on revenue and relief m...
Goods and Services Tax : Government considers GST reforms based on industry feedback. Recent changes include ITC time extension, tax waiver, appeal deposit...
Goods and Services Tax : Online gaming tax collection lacks specific tracking. Govt issued notices for ₹1.43 lakh crore. GST at 28% applies to real money...
Goods and Services Tax : Tamil Nadu trade associations have requested GST reductions on food, camphor, and services. No GST Council recommendation yet on m...
Goods and Services Tax : Tamil Nadu AAR rules that school transport services provided directly to students are not exempt from GST under Notification No.12...
Goods and Services Tax : Maharashtra AAR rules fish finders are not parts of vessels under HSN 8901-8907, impacting GST rates for trading companies....
Goods and Services Tax : Maharashtra AAR rules stipend reimbursement to training firms is exempt from GST, clarifying pure agent status in industry partner...
Goods and Services Tax : The Officer was directed for fresh consideration of Penalty @200% for non-generation of an e-invoice as there was a failure on ...
Goods and Services Tax : Gujarat High Court sets aside GST registration cancellation orders, citing lack of reasons and hearing opportunity. Case remanded ...
Goods and Services Tax : GSTN introduces biometric Aadhaar authentication and document verification for GST registration applicants in Uttar Pradesh, effec...
Goods and Services Tax : Detailed amendments to Notification No. 02/2017-Central Tax, revising territorial jurisdictions for Alwar, Chennai Outer, Jaipur, ...
Goods and Services Tax : CBIC invites proposals from CGST zones to reorganize territorial jurisdictions, aiming for a comprehensive assessment. Deadline fo...
Goods and Services Tax : CBIC newsletter notes Women's Day celebrations, post-budget interactions, and DRI's gold smuggling seizures in Bengaluru and Mumba...
Goods and Services Tax : A Group of Ministers (GoM) is set up to evaluate the feasibility of a special cess under GST for disaster relief and recommend a u...
The relevant event is the time on which GST invoice is raised. In case of debit note also, the relevant event is the time when the GST invoice pertaining to the debit note is raised, and not the time when debit note is raised.
Before analyzing the above provisions we should first know that a supplier is liable to pay correct type of tax i.e. IGST or CGST & SGST. The Supplier is liable to pay correct tax. If he paid tax incorrectly he may be penalized.
What is Input Tax? Input tax in relation to a registered person means, the CGST, SGST/UTGST or IGST charged on any supply of goods or services or both made to him and includes- ⇒ IGST charged on import of goods. ⇒ Tax payable under the provision of RCM. {INPUT TAX CREDIT IS A BENIFIT GIVEN […]
A REVIEW ON CURRENT GST PROVISIONS AS AT 08TH MARCH 2020 (Recent Status/Amendments on Returns, Dates, Rules, Forms, Order, Circular etc.) Volume 2 – GST Act, Rules – dt.08-03-2020 Dear readers, every day you may come across with various amendments, directives issued by Govt. on alone GST Act, Rule etc. since its implementation w.e.f. 1/7/2017. […]
Shyam Textiles Limited Vs Commissioner of Commercial Taxes (Madras High Court) In the given case the crux of the problem lies in the order passed by the learned Commissioner under Section 28A of the Act, which is as brief and non speaking as it could be. The learned Commissioner, while exercising the powers under Section […]
Use of and online facility for downloading C Forms for inter-state purchase of petroleum crude, diesel, petrol, aviation turbine fuel, natural gas and liquor should not be restricted as if sale of the goods was the only criteria of registration under the CST Act, the consequent amendments would not have allowed concessional rate of tax for purchase of those six commodities for user in activities like Mining or Telecommunication Networks, where no such resale or use in manufacturing was involved. Therefore, such a right was equally available to other industries like Cement Industries and the same could not be denied to them.
This year the tax department is also ready to play different types of holi with the taxpayers, of which the Income Tax department will be playing the Floral holi (Foolonki holi) and the GST department will be playing Latthmar Holi. Lets discuss about it in detail.
Article provides List of goods and services under Reverse Charge Mechanism (RCM) under GST Regime as on 01/03/2020 alongwith date from which the same is under RCM. For Goods S. No. Particular Effective date 1. Cashew nuts, not shelled or peeled 01/07/2017 2. Bidi wrapper leaves (tendu) 01/07/2017 3. Tobacco leaves 01/07/2017 4. Silk yarn […]
Interest liability shall arise only in respect of that portion of output tax which is being paid by cash.It was very harsh and unreasonable to ask for the interest on that portion of output tax that is being paid from the Input tax credit.
The application for opting-in composition scheme for the financial year, 2020-21 is available on GST Portal. The taxpayers who are already in composition scheme in previous financial year are not required to opt in for composition again for FY 2020-2021. Time limit for opting in Composite Scheme – 31st March 2020 FORM to be filled […]
