GST - Page 10

Important GST & Income Tax Weekly Newsletter dt. 24.07.2021

In this Volume of GST & Corporate Tax Weekly Newsletter dated 17.07.2021, I bring to you highlights of recent updates, important judgments of last week &Compliance Calendar for the upcoming week in the field of indirect taxation and direct taxation to keep you abreast of all the latest happenings. 1. GST Updates CBIC clarifies on...

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What if GST wrongfully collected and paid to Government

Section 77 of CGST Act, 2017 read with Section 19 of IGST Act, 2017 governs the provisions for Tax wrongfully collected and paid to Central Government or State Government.  The same is decided in the case of Shree Nanak Ferro Alloys (P.) Ltd. v. Union of India and details thereof are as follows:- ♦ Facts […]...

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Section 62 CGST Act – Detailed Analysis

Now-a-days a sms alert is being received to the Tax Payer from the GST Department in regard to non-filing of return. Format of the SMS is as under: Alert SMS:07AA……….ZX is GSTR1 defaulter.Pl file return else best judgment assessment will be done U/s 62 of DGST ACT. Ignore if filed DT&T,GNCTD  What is section 62 […]...

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Doubts of tax invoice and delivery challan under GST?

GST (Goods and Service Tax) is four year old now and right from its inception we have seen lot of changes and amendments in the law. Now, most of the taxpayers are familiar with GST Laws, processes and procedures in GST and are moving smoothly as it becomes older and more streamlined. The present article […]...

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Difference of opinion on Taxability of Renting of Immovable Property Services –Advance Ruling Modified

In one of the Advance Rulings for exemption in taxability of renting of immovable services, there was a difference of opinion between members. However, as per section 101 of CGST Act, 2017, the Appellate Authority modified the ruling. In this case, the applicant (NDDB) was a statutory body formed under the NDDB Act. Besides providing [&he...

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Clarification regarding extension of limitation under GST Law

Clarification regarding extension of limitation under GST Law in terms of Hon’ble Supreme Court’s Order dated 27th April, 2021 – CBIC has issued a Circular No 157/13/2021-GST dated 20th July, 2021 clarifying on extension of limitation for various actions under the GST Laws pursuant to Hon’ble Supreme Court’s Order dated 27th...

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Section 16(2)(c) of CGST Act, 2017: A Crippled provision

GST brought many benefits to the businesses and economy of our country. Among all other benefits, one benefit which was emphasized at the time of its introduction was ‘Seamless flow of credit’. Provision under GST Law has been enacted in such a manner to achieve the said objective. However, there is still a need for […]...

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Unburnt or half-burnt coal and dust attracts 18% GST

In re Jeevaka Industries Private Limited (GST AAR Telangana)

In re Jeevaka Industries Private Limited (GST AAR Telangana) Under which HSN Code should the following goods be classified: The wastes, namely, a. Cinder Half-burnt Coal / Char Dolachar and b. ESP / Bag Filter Dust generated during the process of manufacturing Sponge Iron under DRI process? (1a) & (1b) commodities fall under HSN Code ...

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Time of supply & point of taxation for flats allotted to land owner by builder

In re Vajra Infracorp India Private Limited (GST AAR Telangana)

In re Vajra Infracorp India Private Limited (GST AAR Telangana) 1. Time of supply and point of taxation with respect to flats allotted to land owner by the builder by way of supplementary agreement on 15.05.2017 (i.e., before GST regime) where as the construction will be completed during GST regime. As per Notification No.4/2018 Dt:25.01....

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AAR Telangana allows Ace Urban Infocity to withdraw Application

In re Ace Urban Infocity (GST AAR Telangana)

In re Ace Urban Infocity (GST AAR Telangana) In the reference 1st cited, M/s. Ace Urban Infocity Limited has sought certain clarification by filing an application for Advance Ruling. Through the reference 2nd cited, Deputy Commissioner (STU-3) Hyderabad Rural Division, was requested to go through the attachment and inform the above penden...

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