The Calcutta High Court has ruled that the GST and Anti-Fraud departments cannot send notices to advocates of individuals accused of tax evasion, emphasizing the privileged communication between clients and their legal advisors.
The HO would have an option to distribute such ITC either through cross charge or ISD mechanism. Further, the present provisions do not mandate the usage of ISD mechanism. In case, ISD is opted, then ISD registration is mandatorily required in terms of Section 24 (viii) of the CGST Act.
Stay updated on GST regulations! Analysis of 9 GST Circulars issued by CBIC on 17th July 2023. Key insights on interest charging, ITC, TCS liability, warranty replacement, and more.
Stay informed on the latest GST updates! CBIC issues 9 Notifications extending deadlines for GST Forms & Amnesty Schemes. Learn about the extended dates and compliance requirements.
Gain clarity on Input Tax Credit (ITC) differences between GSTR-3B and GSTR-2A for the period 01.04.2019 to 31.12.2021 with guidance from Circular No. 193/05/2023-GST.
CBIC Circular No. 192/04/2023-GST provides clarification on charging interest for wrong availment of IGST credit and its reversal under section 50(3) of the CGST Act, 2017. The circular addresses the utilization of wrongly availed IGST credit for interest calculation and the exclusion of compensation cess credit.
Explore the complexities of GST on services exported without consideration. Despite the absence of payment, the tax authorities may demand GST during audits, leading to challenges for exporters. Understand the relevant provisions, analyze the taxability, and stay informed on the latest developments.
There are discrepancies between the Invoice Value and value in the shipping bill/bill of export and hence required clarity on which one should be adopted as export value for the purpose of refund.
Unravel the Penalty Puzzle under GST: Section 122 or 73/74? Dive into the debate over penalty imposition for non-payment, short-payment, and offenses. Understand the divided interpretations, implications, and the legislative intent. Stay informed to navigate GST complexities.
Central Government extends the amnesty for GSTR-10 non-filers till August 2023 vide Notification No. 26/2023 – Central Tax Dated: 17th July, 2023
