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 : Taxpayers were unable to file appeals when demand orders reflected zero liability despite disputes. The advisory clarifies that re...
CA, CS, CMA : Major rulings and notifications clarified tax treatment, compliance timelines, and financial regulations. The updates emphasize ef...
Goods and Services Tax : The case examines whether stranded compensation cess credit due to GST reform must be refunded or lapsed, impacting working capita...
Goods and Services Tax : This explains the constitutional boundary between property tax and GST on land-related activities. The key takeaway is that owners...
Goods and Services Tax : This compares opposing judicial views on GST notifications extending time limits. The key takeaway is that validity depends on for...
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 court held that a provisional attachment under Section 83 ceases once a final order under Section 74 is issued. The ruling rei...
Goods and Services Tax : Madras High Court held that it is not justifiable to impose disproportionate liability under section 74 of the respective GST enac...
Goods and Services Tax : The Court dismissed the petition after finding that the petitioner failed to establish a clear connection with the goods and trans...
Goods and Services Tax : The Court ruled that cotton seed oil cake qualifies as cattle feed and is exempt from GST. The key takeaway is that exemption appl...
Goods and Services Tax : The case examined validity of a GST demand passed without hearing the taxpayer. The Court held that absence of personal hearing vi...
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...
Central Government, hereby, notifies the Constitution of the Appellate Authority for Advance Ruling in the Union territories vide Notification No. 15/2018-Union territory Tax Dated: 8th October, 2018.
Central Government, hereby, notifies the Constitution of the Authority for Advance Ruling in the Union territories vide Notification No. 14/2018-Union territory Tax Dated: 8th October, 2018.
e-way bill shall be required to be generated for intra-state movement of goods mentioned in the Schedule to below notification in the State of Punjab from 8th October, 2018 where the value of goods exceeds Rs.50,000/- DEPARTMENT OF EXCISE AND TAXATION Bhupindra Road, Patiala, Punjab NOTIFICATION The 8th October, 2018 No. GST-I-2018/2-State.-In partial modification of […]
Ranjeet @ Ranjeet Singh Vs Union of India (Allahabad High Court) Supplementary counter affidavit filed by the learned counsel for the complainant today in the Court is taken on record. Heard Sri Satya Dheer Singh Jadaun, learned counsel for the applicant and Sri B.K.Singh Raghuvanshi, learned counsel for the complainant and Sri Abhinav Prasad, learned A.G.A. […]
The GSTN has introduced the new RFD-01A form for Refund by Supplier of deemed export. In this article we will see the detailed analysis related to the Refund form, Rules and how to file the nil and not a nil refund form online. √ Who can file a refund application in case of Deemed Exports […]
Indirect Taxes Updates GST, Customs, Excise, Service Tax & VAT – Month – September 2018 A. Amendment in Goods & Services Tax for the Month of September 2018 GSTR-1 for July 2017 to September 2018 can be filed till 31-10-2018: Form GSTR-1 for themonths of July 2017 to September 2018 can now be filed till […]
Introduction: There is diverse interpretation in industry with respect to clauses for restricted input tax credit (ITC) under section 17(5) of Central GST Act, 2017. This article intends to put some light on one of important clause dealing with personal consumption with some legal precedent from erstwhile indirect tax regime. The relevant extract of legal […]
As per Rule 41 of CGST Rules 2017, a registered taxpayer can apply for transfer the Input Tax Credit available in the electronic credit ledger to another business entity in case of transfer of business by way of sale of business/merger by filing of ITC declaration in FORM GST ITC-02.
Shri Ankur Jain Vs M/s. Kunj Lub Marketing Pvt. Ltd. (National Anti-Profiteering Authority) Conclusion: Denial benefit of the reduction in GST rate to the consumers was in contravention of the provisions of Section 171 (1) of the CGST Act, 2017; therefore, respondent-company was directed to reduce the price of the product commensurate to the reduction […]
(Some are available and others will come in 15 days) Q.1 Tax Payer-wise outward/inward supplies (Available) Ans: Using the Outward Supplies option under Summary Reports, officer can view the monthly reports for all the outward supplies for a selected office and month. This can be used to compare with the filing/non-filing of the return 3B by […]
