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Goods and Services Tax : GSTR-7 रिटर्न भरने की आवश्यकताएं, टीडीएस कटौती, अनिवा�...
Goods and Services Tax : The GST portal has introduced the Invoice Management System (IMS) effective from October 1, 2024, to simplify and streamline the p...
Goods and Services Tax : Understand GST rules for Time of Supply (ToS) and Place of Supply (PoS) on subscription services offered via websites. Key example...
Goods and Services Tax : Examining the inconsistency in limitation provisions under the CGST Act and its severe implications on taxpayers and departmental ...
Goods and Services Tax : Learn about the cancellation and revocation of GST registration, including the process, notices, and statutory provisions....
Goods and Services Tax : Overview of GST collections and compensation to states in 2024, including deliberations on GST rates for health insurance....
Goods and Services Tax : Fruit protection paper bags attract 18% GST under HS Code 4819. No specific revenue data is available and no GST reduction plans h...
Goods and Services Tax : Details of GST evasion cases by cryptocurrency exchanges in India, including investigations and actions taken by the Government of...
Goods and Services Tax : The Government reports a rise in GST collections, detailing monthly growth and 5% GST on food items....
Goods and Services Tax : Details on GST revenue collected in various slabs, top product categories, and services taxed at 18% from 2017 to 2024 as provided...
Goods and Services Tax : Andhra Pradesh HC ruled GST demand invalid as no proper time was granted to Avexa Corporation for document gathering after GST reg...
Goods and Services Tax : Madras High Court rules that GST orders cannot exceed defects in Show Cause Notice. Case of Tvl. Senthil Hardwares vs. State Tax O...
Goods and Services Tax : Madras HC rules limitation period for GST appeals starts from rectification order date, clarifying doubts on timeframes for challe...
Goods and Services Tax : Delhi HC rules notices issued to amalgamating companies post-merger are void. Case highlights Section 87 and 160 of CGST Act in HC...
Goods and Services Tax : AAR ruling confirms that R.V Hydraulic Services can claim ITC on IGST payment for imported machinery even if Bill of Entry is not ...
Goods and Services Tax : Understand the mandatory sequential filing of GSTR-7 returns from October 2024 under Notification No. 17/2024. Learn filing requir...
Goods and Services Tax : Circular amends the adjudication process for DGGI show cause notices with all-India jurisdiction for certain GST officers....
Goods and Services Tax : Detailed analysis of GST revenue collections for November 2024, including gross and net figures, state-wise growth, and year-on-ye...
Goods and Services Tax : Explore the GSTN's e-invoice glossary and step-by-step guide for easy understanding and reporting of e-invoices under GST....
Goods and Services Tax : Ministry of Finance corrects GSTAT jurisdiction notification, replacing "Alwar" with "Ajmer" under Jaipur jurisdiction. Details up...
Recently the Hon’ble Judges of the Hon’ble Punjab & Haryana High Court has clinched the issue by passing a landmark judgment reported in 40 PHT, page 145 regarding denial of input tax credit by the Assessing Authority on the ground that the dealer from whom the assessee has purchased goods have not deposited full tax in the Government Treasury. No liability can be fastened on the purchasing registered dealer on account of non-payment of tax by the selling registered dealer in the Government Treasury unless fraudulent or collusion or connivance with the registered selling dealer or its predecessors is established.
Shriya Enterprises Vs. Commissioner,Commercial Taxes – , the court is the opinion that potato chips, being a processed vegetable, is liable to be taxed @ 4 per cent under entry 6 of Schedule-II(B) of the Act. Consequently, the impugned order of the assessing authority, the order of the Joint Commissioner (Appeals) as well as the order of the Tribunal cannot be sustained and are quashed. The revision is allowed. The assessing authority is directed to levy tax on the revisionist with respect to the potato chips @ 4 per cent instead of @ 12.5 percent.
Kindly be informed that as per SBI letter Ref. No. GBD/SCC/974 dtd. 21-09-2011 SBI has agreed to accept payment from half yearly dealers & remit online to Government of Maharashtra. The said letter has been placed on the website of the sales tax department www.mahavat.gov.in and STPAM website www.stpam.org .
Consumers will have to pay more for sugar and textiles as States on Friday decided to impose four-five per cent value added tax (VAT) on sugar and textiles from the beginning of next fiscal. A move that will shore up their state governments revenue, but also stoke inflationary pressures. “We have decided to levy VAT […]
Q.1. How many types of invoices would be required to be issued under VAT? A.1. There are two types of invoices that can be issued: Tax invoice Retail invoice Q.2. What is a tax invoice and who will issue it? A.2. Under VAT, tax invoice is a very important document. A registered dealer selling goods […]
Bhilwara CTO challenges tax rate on aluminum conductors. Jodhpur High Court clarifies misreading, upholds 10% tax. Learn more about the case.
The Common issue involved in these writ petitions was with regard to denial of Input Tax Credit by the Assessing Authority on the ground that the dealers from whom the petitioners have purchased goods, have not deposited full tax in the State Treasury. The purchasers-petitioners have not been held entitled for deduction of Input Tax Credit in terms of the provisions of Section 8(3) of the Haryana Value Added Tax Act, 2003.
Thirteen South African Indians, all members of an extended family, have been arrested from a largely Indian residential locality near here, for allegedly defrauding the revenue service of millions of rands, in a scam that has left the township residents shocked. The accused, including a mother, her four children and other close and not so close relatives of the family, were arrested from the Lenasia area, south of here, largely populated by ethnic Indians.
Inter-state sale or purchase of goods made in pursuance of a per-existing works contract and executed in such works contract, shall be deemed as sale or purchase in the course of inter-state trade and there cannot be any local deemed sales in such case, hence the deduction of such sale or purchase should be allowed while calculating local deemed sales.
The State Government has issued a Government Resolution referred above by which the waiver has been provided in respect of interest and penalty levied on the turnover of sales of soap except detergent not exceeding Rs.20 lacs made by handmade soap manufacturing units certified by KVIC or KVIB or the case may be for the period of 1st April 2005 to 31st March 2010.
