Goods and Services Tax India: Read all latest GST news, articles, notification, circulars, case laws news on, MVAT DVAT PVAT GST GSTN IGST CGST GST Council GST Rates SGST GST Forms GST Rules.
Goods and Services Tax : Explore the 53rd GST Council clarification on corporate guarantee valuation, recent Supreme Court decisions, and the impact on GST...
Goods and Services Tax : Discover the structure, powers, and recent updates of the GST Council in India, including key decisions from the 53rd GST Council ...
Goods and Services Tax : Explore GST exemptions for educational institutions under Notification 12/2017(CTR) and case laws. Learn how these exemptions appl...
Goods and Services Tax : Understand Input Tax Credit (ITC) under GST: Learn about eligibility, conditions, and types of ITC. Stay updated with latest amend...
Goods and Services Tax : Understand the time limit to avail Input Tax Credit (ITC) under Reverse Charge Mechanism (RCM) and the implications for registered...
Goods and Services Tax : Explore the major recommendations from the 53rd GST Council Meeting, including changes in GST rates, trade facilitation measures, ...
Goods and Services Tax : Explore the interoperable services of E-Invoice1 and E-Invoice2 systems, boosting efficiency and reliability for taxpayers. Learn ...
Goods and Services Tax : Discover the latest API updates for E-Invoice and E-Way Bill systems, including interoperable services and new error codes for sea...
Goods and Services Tax : Join CA Sachin Jain for a live course on Input Tax Credit from a litigation perspective. Gain practical insights and master ITC co...
Goods and Services Tax : CBI arrests CGST Superintendent and Inspector in Solan, HP, for demanding and accepting Rs.8000 bribe, leading to searches and ong...
Goods and Services Tax : Madras High Court remands case of Sakthi Industries Vs Deputy State Tax Officer-I, citing breach of natural justice. Petitioner al...
Goods and Services Tax : Madras High Court sets aside penalty order for GST non-compliance, allowing Prakash Fabricators & Electricals to contest late fee ...
Goods and Services Tax : Delhi High Court rules that GST registration cancellation is not contingent on pending tax liabilities. Shri Sai Metals' petition ...
Goods and Services Tax : Read the detailed analysis of Madras High Court's judgment remanding a GST order involving Tvl. Harshini Exports. Understand the i...
Goods and Services Tax : Dive into the classification of Fortified Rice Kernels (FRK) under GST laws. Understand the ruling, implications, and applicable n...
Goods and Services Tax : Explore the integrated services of NIC-IRP e-invoice-1 and e-invoice-2 portals, launching on July 18th, 2024. Learn about seamless...
Goods and Services Tax : Explore CBIC achievements, updates, and recent cases in the July 2024 newsletter from the Ministry of Finance, Department of Reven...
Goods and Services Tax : GST rates on solar cookers, fire water sprinklers, parts of poultry-keeping machinery, pre-packaged agricultural produce and suppl...
Goods and Services Tax : Latest GST clarifications on services including Indian Railways, RERA, digital payments, insurance schemes, and accommodation serv...
Goods and Services Tax : Learn how exporters can claim refund of additional IGST paid due to price increases post-export. Details on application process an...
The Hon’ble High Court of Madras relied upon the decision in the case of Sri Vinayaga Agencies Vs. the Assistant Commissioner (Ct), Chennai and another [(2013) 60 VST 283 (Mad)] and held that when the fact of Petitioner paying the taxes to his supplier is not under dispute, the Petitioner cannot be compelled to reverse the input tax Credit due to non-payment of VAT liability by the selling dealer.
Electronic commerce, commonly written as e-commerce, is the trading or facilitation of trading in products or services using computer networks, such as the Internet (From Wikipedia, the free encyclopedia). In recent time the transactions conducted through e-commerce have grown manifold and Govt. is little concerned on its taxation parts specially VAT.
In a federal country like India where the power to tax domestic trade is divided between the Central Government and the State Government, the designing of a destination based GST becomes extremely complicated. A conventional national GST cannot be implemented without the States losing their fiscal autonomy.
Vat is a one of the indirect tax in our India. It is simple and transparent system with limited scope of department control due to the self assessment made by dealers and less scope for tax evasion due to strict penal provision. As Per entry 54 in list II (State List) of schedule VII to constitution of India, state are empowered to levied tax on sale or purchase of goods other than newspapers.
No.F.3(352)Policy/VAT/2013/1395-1405 regarding submission of information online in Form DP-1, I, S.S.Yadav, Commissioner, Value Added Tax, Government of National Capital Territory of Delhi, in exercise of the powers conferred on me by sub-section(1 ) read with sub-section (2) and (3) of section 70 and sub-section (2) of section 59 of Delhi Value Added Tax Act, 2004, notify that the Form DP-1 shall be submitted online by all the dealers latest by 29.02.2016.
What is form 2A & 2B- Form 2A contain the details of all local purchases made by a registered dealer during the period (quarter) & Form 2B contain the details of local Sales made by a registered dealer during the period (quarter).
In the current tax architecture of India, Input Tax Credit i.e CENVAT Credit in case of purchase of manufactured goods and VAT credit in case of purchase of goods within in the same state is available based on the sales invoice issued by the selling dealer.
CIRCULAR NO. 37 OF 2015-16 A considerable number of refund cases are lying pending with department and many representations are being received in this regard. In order to streamline the disposal of refund cases, at the first stage, it has been decided that all refunds pending upto the tax period ending 31st March, 2015 and having amount upto ₹ 10,000 in a tax period, would be processed expeditiously.
Implementation of ‘Goods and Service Tax’ (GST) is a dream project for recent and earlier governments. The business fraternity and all stakeholders in national economy wish that it will be implemented as soon as possible. GST will benefit all stakeholders and end users providing simple and hassle free way of taxation. Gone are the days when we bear cascading effects of taxes due to faulty taxations laws.
The dealers who had uploaded the said Audit Report under subsection (1) of section 61 on or before the 21st January 2016 and submitted the physical copy of the acknowledgment on or before 1st February 2016 then in such cases penalty proceedings shall not be initiated.
