Understand the Goods and Services Tax (GST) and its impact on businesses. Learn about GST rates, compliance requirements, and its role in simplifying taxation. Stay updated with the latest GST news and updates.
Goods and Services Tax : The article explains how GST refunds are calculated under IDS using Rule 89(5). It clarifies that only input goods ITC is eligible...
Goods and Services Tax : The issue was whether buyback of shares attracts GST. It was held that since shares are securities excluded from GST, buyback is n...
Goods and Services Tax : Courts are divided on whether GST notices can cover multiple financial years in one proceeding. The key takeaway is that the final...
Goods and Services Tax : This case examines whether ITC can be denied when a supplier fails to deposit tax despite a genuine transaction. Courts ruled that...
Goods and Services Tax : The issue concerns vague GST cancellation notices lacking facts. Courts held that absence of details violates natural justice and ...
Goods and Services Tax : The representation highlights ambiguity in whether the ₹2.5 crore ITC threshold should be annual or cumulative. It emphasizes th...
Goods and Services Tax : Authorities arrested the key accused for orchestrating fake ITC claims and fictitious export transactions. The case highlights str...
Goods and Services Tax : Authorities uncovered fraudulent ITC claims exceeding ₹8 crore without actual supply of goods. The ruling highlights that ITC is...
Goods and Services Tax : The case highlights that summons lacking details of the underlying inquiry violate procedural fairness. It underscores the need fo...
Goods and Services Tax : CBI arrested GST officials for demanding a bribe to facilitate registration approval. The case highlights strict enforcement again...
Goods and Services Tax : The case examined whether a single show cause notice could cover multiple tax periods. The Court held such consolidation violates ...
Goods and Services Tax : The case addressed whether a refund rejection without granting a personal hearing and providing only seven days to respond was val...
Goods and Services Tax : The court refused to entertain the writ petition, holding that an effective appellate remedy was available under the GST law. It e...
Goods and Services Tax : The Court held that Rule 86A applies only when the assessee fraudulently avails ITC. Since the allegation concerned the recipient...
Goods and Services Tax : The case addressed an assessment order passed without considering the taxpayer’s response to the show cause notice. The Court qu...
Goods and Services Tax : This case highlights how delays in filing appeals against adverse GST orders weaken the department’s legal position. It undersco...
Goods and Services Tax : This case examines delays in transferring non-priority files after departmental restructuring. It mandates systematic redistributi...
Goods and Services Tax : This case highlights lapses in examining tribunal orders before filing revisions. It mandates detailed legal analysis and reasoned...
Goods and Services Tax : The ruling highlights gaps in recovery proceedings due to unclear role allocation. It strengthens the system by redefining respons...
Goods and Services Tax : The GST portal launches an Excel-based IMS Offline Tool to help taxpayers efficiently manage and process invoices. It enables bulk...
The GST Council met for the 40th time on 12th of June, 2020 through video conference. The Council made certain key recommendations on GST Law and procedures. The recommendations were mainly aimed at trade facilitation and to give relief to small taxpayers. Summary of the recommendations are given below: 1. Reduction in late fees for […]
The 40th GST Council meeting took place on 12th June, 2020 via video conference, chaired by the Union Finance Minister Smt. Nirmala Sitharaman. Significant relief measures in terms of late fee and interest waivers were made. This is the first meeting that has taken place since the COVID-19 pandemic outbreak in India, and the resulting […]
The launch of e-Office marks a fundamental change in internal office procedures which is so far based on manual handling of files and paper movement. The CBIC expects e-Office would complement its many other IT led reforms which are directly aimed at enhancing the ease of doing business for the trade and industry.
Advance Ruling of Rajasthan Authority in case of Clay Crafts India Pvt Ltd dated (20-02-2020): As per the given ruling, GST is payable under RCM by the recipient of services, on Salary paid to director. This Ruling is given on the basis of ENTRY No 6 of Notification no 13/2017 dated 28.06.2017 and as per […]
Detained Tobaco Product Released on Payment of Tax along with Penalty and after providing Bank Guarantee of Equal to the value of goods detained.
Joydeep Sarkar Vs Himalaya Drug Company (NAA) Fact of the Case: The brief facts of the case are that under Rule 128 (1) of the Central Goods and Services Tax (CGST) Rules, 2017 an application dated 27.11.2017 was filed before the Standing Committee on Anti-profiteering by the Applicant No. 1 alleging that the Respondent had […]
In re Aluri Krishna Prasad (GST AAR Andhra Pradesh) Whether amount received for leasing residential hostel rooms is exempt under Sl.No.14 (Heading 9963) of Notification No.12/2017- Central Tax (Rate) dated 28.06.2017 as amended upto 25.01.2018 and Whether amount received for leasing residential hostel rooms is exempt under Sl.No.12 (Heading 9963) of Notification No.12/2017- Central Tax […]
Article explains Refund in GST, Type of Refund in the GST, Time limit for GST refund claim, Details of the circular issued by Department in relation to the GST refund, Scope of GST refund, Process for the GST refund as per CGST Act,2017, Provisional GST Refund, Interest in the GST refund and Other issue and […]
In this article I will discuss – 7 controversies in GST refund for exporters of services. These are elaborated as below: – 1. Forex Receipt – FIRC / BRC In case of service exporters, GST refunds are available on the basis of receipt of convertible foreign exchange. And to evident the payment against export invoices, […]
Analysis of GST applicability on Directors Remuneration – Part II (Circular NO 140/10/2020- GST dated 10-06-2020) Further to my article on GST Applicability on Directors Remuneration – Part I, I have mentioned my views on the said subject. In my earlier article I had also analyzed 3 (Three) Authority of Advance Rulings on the said […]
