GST

Incisive analysis of new condition for entitlement of ITC

Goods and Services Tax - 1. Introduction 1.1 Dawn of GST started with a proposed system of undertaking transaction-level matching in the form of GSTR 1, 2 & 3 to check the claim of input tax credits (ITC). Further, the provisions in the law were also drafted keeping the proposed system in mind. However, due to the reasons best known […]...

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Covid-19 Vaccine – GST or no GST?

Goods and Services Tax - Since last year or so, the entire country is going through tumultuous patches for society as a whole. Present second wave of COVID-19 has put the resources of country at greater strain wherein the entire mankind is struggling to keep their hope float leave alone the prospects of future....

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Reconciliation under GST

Goods and Services Tax - What is reconciliation? The word “reconciliation” has not been defined under the GST Act. Although, in accounting terms, “reconciliation” can be explained as a process of matching balances at the end of a particular period to ensure two sets of accounting records agree with one another. With the amendments brought out in Finance B...

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Summary of Section 17(5) | Blocked credit | CGST Act 2017

Goods and Services Tax - Article explains GST Provision related to Blocked Credit under section 17(5) of CGST Act 2017 on Supply of Goods /Service involved, Insurance of Motor Vehicle including motor cycle, Cost of Motor Vehicle, Servicing of Motor Vehicle, Life Insurance/health insurance of Worker & office Staff, Food & Beverages, Works contract service ...

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GST not leviable on subscription/infrastructure development fee collected from members, unless amended provision is notified

Goods and Services Tax - GST not leviable on subscription/infrastructure development fee collected from members, unless amended provision is notified The AAR, Karnataka in the matter of M/s. Bowring Institute [Order No. KAR ADRG 27/2021, dated April 22, 2021] held that, the members-club is not liable to pay Goods and Services Tax (“GST”) on subscription fees ...

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Join GST, Customs & Income Tax Courses at 40% Discount (Till 15th May)

Goods and Services Tax - Join Self-Learning Certification Course on GST, Income Tax and Customs including Import & Export by TaxGuru Edu at 40% Discount till 15th May 2021...

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GST: Need for A Serious Midterm Correction- Letter to FM by Badal

Goods and Services Tax - I have been particularly persuaded to write this letter because there has been no meeting of the GST Council for the last six months even though Council's own Rules drafted in terms of Article 279A of the Constitution provide for holding at least one meeting every quarter....

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GST Council Secretariat Newsletter – April 2021

Goods and Services Tax - GST Revenue for April 2021 The gross GST revenue collected in the month of April, 2021 is at a record high of Rs. 1,41,384 crores, out of which, CGST is Rs. 27,837 crores, SGST is Rs. 35,621 crores, IGST is Rs 68,481 crores (including Rs. 29,599 crores collected on import of goods) and Cess is […]...

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State/UTs Nodal Authority for Adhoc IGST exemption order

Goods and Services Tax - Details of State Nodal Authority appointed by States in respect of Adhoc Exemption Order 4/2021-Cus for IGST exemption Detail Contains State Name, Name of the Designated Person, Designation of the Nodal Authority, Office, Address of the Nodal Authority, Phone number and Email of the Nodal Authority. Download List of State/UTs Nodal Author...

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5 New GST Return Functionalities on GST Portal (April, 2021)

Goods and Services Tax - New Functionalities made available for Taxpayers on GST Portal (April, 2021) New Functionalities pertaining to modules GST Return module and are related to Auto Generation of Form GSTR-2B, for the taxpayers under QRMP scheme, Use of Matching Offline Tool by the taxpayers under QRMP scheme, Auto-population in Form GSTR-3B of ITC, for taxpa...

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Denial of ITC refund for technical glitches in GSTN software is unfair

Tvl. Mehar Tex Vs Commissioner of Central GST And Central Excise (Madras High Court) - If the assessee was otherwise eligible to refund, the refund claim ought not to be denied on the ground of technical glitches and error occurred due to auto-population in Goods and Service Tax Network (GSTN) software. Nothing can be more unfair....

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GST Evasion of Rs. 6.31 Cr : HC grants bail to alleged Kingpin

Sanjay Prahladbhai Patel Vs State of Gujarat (Gujarat High Court) - Sanjay Prahladbhai Patel Vs State of Gujarat (Gujarat High Court) It is submitted that the applicant is arrested in connection with the alleged demand by the GST authorities without determining the extent liability of the said alleged demand. It is submitted that the arrest of the applicant in the a...

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No Set Formula for Offloading Consignment Truck: Telangana HC

Vijay Metal Vs Deputy Commercial Tax officer (Telangana High Court) - Vijay Metal Vs Deputy Commercial Tax officer (Telangana High Court) 1. The point that Hyderabad comes first and Adoni comes later; ignoring the operational convenience of the transporter; is not justifiable.  HC not accepted the contention of the officer that even if the goods meant to be delivered...

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GST: Assessment order passed without supplying third party evidence relied on: Set aside by Madras HC for violation of principles of natural justice

Sri Muniappa Steels Vs Assistant Commissioner (Madras High Court) - Sri Muniappa Steels Vs Assistant Commissioner (Madras High Court) GST: Assessment order passed without supplying the third party evidence relied on: Set aside by the Madras HC on grounds of violation of principles of natural justice. An assessment order passed under the GST laws, based on a statemen...

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GST: Section 83 not permit freezing of account of third party

Bhavesh Kiritbhai Kalant Vs Union of India (Gujarat High Court) - Bhavesh Kiritbhai Kalant Vs Union of India (Gujarat High Court) 1. There are no proceedings against the present petitioner under Sections 62, 63, 64, 67, 73 and 74  of the Act. 2. There is no reason therefore, to invoke section 83 against the writ applicant and proceedings. 3. Since the proceedings...

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Weekly newsletter from Chairman, CBIC dated 10/05/2021

D.O.No.67/CH(IC)/2020 - (10/05/2021) - In view of the surging COVID-19 pandemic, a further relaxation for import of relief goods has been made by issue of ad hoc exemption Order No. 04/2021-Customs dated 03.05.2021. This grants exemption from IGST on goods for COVID-19 relief imported free of cost for free distribution till 30th June, 20...

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Weekly newsletter from Chairman, CBIC dated 05/05/2021

D.O.No.66/CH(IC)/2020 - (05/05/2021) - The country is going through an extremely difficult phase due to the second wave of the Covid pandemic. Government is making all efforts to contain the fallout and bring urgent relief to affected citizens. Our department is also a part of this humanitarian effort....

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GST: Chart of Waiver of interest & late fee for March & April, 2021

Advisory No. 468 - (04/05/2021) - Waiver of interest and late fee to normal taxpayers (filing return on monthly or quarterly basis) and composition taxpayers, for the tax periods of March and April, 2021 Government has granted waiver from payment of interest and/or late fee to normal (Monthly / Quarterly) & composition taxpayers...

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Extended due date chart for various GST Compliances

Advisory No. 469 - (04/05/2021) - Extension in dates of various GST Compliances for GST Taxpayers Government has extended the dates of various compliances by Taxpayers under GST, through Central Tax Notification Nos. 10/2021, 11/2021, 12/20211, 13/2021, 14/2021, all dated 1st May, 2021. The details are summarized below: Filing of Fo...

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IGST Exemption on imports of COVID19 relief material donated from abroad

Ad hoc Exemption Order No. 4/2021-Customs [G.S.R.316(E).] - (03/05/2021) - Central Government Has Today Granted Exemption From IGST Vide Ad Hoc Exemption Order 4/2021-Customs on Imports Of  specified Covid-19 Relief Material received free of cost for free distribution for covid relief. On Such goods Custom Duty was Already Been Exempted vide Custom Duty Notification Nos. ...

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Recent Posts in "GST"

Denial of ITC refund for technical glitches in GSTN software is unfair

Tvl. Mehar Tex Vs Commissioner of Central GST And Central Excise (Madras High Court)

If the assessee was otherwise eligible to refund, the refund claim ought not to be denied on the ground of technical glitches and error occurred due to auto-population in Goods and Service Tax Network (GSTN) software. Nothing can be more unfair....

Read More

Incisive analysis of new condition for entitlement of ITC

1. Introduction 1.1 Dawn of GST started with a proposed system of undertaking transaction-level matching in the form of GSTR 1, 2 & 3 to check the claim of input tax credits (ITC). Further, the provisions in the law were also drafted keeping the proposed system in mind. However, due to the reasons best known […]...

Read More

Join GST, Customs & Income Tax Courses at 40% Discount (Till 15th May)

Join Self-Learning Certification Course on GST, Income Tax and Customs including Import & Export by TaxGuru Edu at 40% Discount till 15th May 2021...

Read More

GST Evasion of Rs. 6.31 Cr : HC grants bail to alleged Kingpin

Sanjay Prahladbhai Patel Vs State of Gujarat (Gujarat High Court)

Sanjay Prahladbhai Patel Vs State of Gujarat (Gujarat High Court) It is submitted that the applicant is arrested in connection with the alleged demand by the GST authorities without determining the extent liability of the said alleged demand. It is submitted that the arrest of the applicant in the alleged offence is effected only on [&hel...

Read More

Covid-19 Vaccine – GST or no GST?

Since last year or so, the entire country is going through tumultuous patches for society as a whole. Present second wave of COVID-19 has put the resources of country at greater strain wherein the entire mankind is struggling to keep their hope float leave alone the prospects of future....

Read More

Reconciliation under GST

What is reconciliation? The word “reconciliation” has not been defined under the GST Act. Although, in accounting terms, “reconciliation” can be explained as a process of matching balances at the end of a particular period to ensure two sets of accounting records agree with one another. With the amendments brought out in Finance B...

Read More

Summary of Section 17(5) | Blocked credit | CGST Act 2017

Article explains GST Provision related to Blocked Credit under section 17(5) of CGST Act 2017 on Supply of Goods /Service involved, Insurance of Motor Vehicle including motor cycle, Cost of Motor Vehicle, Servicing of Motor Vehicle, Life Insurance/health insurance of Worker & office Staff, Food & Beverages, Works contract service ...

Read More

GST not leviable on subscription/infrastructure development fee collected from members, unless amended provision is notified

GST not leviable on subscription/infrastructure development fee collected from members, unless amended provision is notified The AAR, Karnataka in the matter of M/s. Bowring Institute [Order No. KAR ADRG 27/2021, dated April 22, 2021] held that, the members-club is not liable to pay Goods and Services Tax (“GST”) on subscription fees ...

Read More

Integrated GST Rebate denied To AA License Holders –The tale of tumult (Re-defined!)

You don’t pay taxes – they take taxes – Chris Rock The tale of the issue, ‘IGST rebate/refund to AA holder’ started from the judgment in the case of Watson Pharma Private Limited vs The Union of India (2018) and ended (not completely ended) on Gujarat High Court Judgement in the case of Cosmo Films […]...

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GST Relaxations Revised Due Dates

Article contains Updated Due Dates for GSTR-3B (Turnover > 5 Crores in PY), Updated Due Dates for GSTR-3B (Turnover < 5 Crores in PY) Category II, Updated Due Dates for GSTR-1/IFF, explanation on Relaxations to Composition Taxpayers and explanation on Other Relaxations to GST Taxpayers. Updated Due Dates for GSTR-3B (Turnover > 5...

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