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In getting licenses in the Goods and Services Tax (GST ) regime, the Federation of Indian Micro and Small & Medium Enterprises (FISME) and Tamil Nadu Chamber of Commerce show the issues faced by online micro, small and medium enterprises (MSMEs) and sellers in Tamil Nadu The industry body in a statement quoted that in […]
The Madras High Court in a ruling held that the Advance tax unutilized under the Value Added Tax (VAT) or Tamil Nadu VAT (TNVAT) has been permitted to be transitioned under Section 140 of the Tamil Nadu Goods and Services Tax Act, 2017 (TNGST). A Single bench of Justice C. Saravanan, the language of Section […]
The Madras High Court in a ruling quashed the GST DRC-07 order which confirmed the taxpayer’s demand as the taxpayer losses to provide a separate balance sheet and profit and loss account for the Tamil Nadu Branch. The council does not acknowledge the reply of the applicant, the bench noted. The applicant, Tokyo Zairyo (India) […]
The Tamil Nadu government has offered an extension for filing November’s GST returns, aiming to ease the burden on those significantly affected by Cyclone Michaung. Originally due on December 20, 2023, the deadline for submitting the monthly return form GSTR-3B for November 2023 under the TNGST Act and Rules, 2017, has been prolonged until December […]
The Tamil Nadu Electricity Board has been granted relief by the Chennai bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT). The bench considering the limitation has quashed the service tax demand on the Goods Transport Agent (GTA) services. The Tamil Nadu Electricity Board, the appellant in this case, is involved in the […]
The Tamil Nadu Government has introduced a new Tax Arrears Conciliation Scheme, known as the Samadhan Scheme, to facilitate the resolution of pending tax dues amounting to approximately Rs. 25,000 crore. The majority of these dues are related to the previous Tamil Nadu Value Added Tax (VAT) and other legacy tax legislation. Available Payment Methods […]
According to a recent ruling by the Tamilnadu Authority for Advance Ruling (AAR), bus bodybuilding activities are subject to an 18% Goods and Service Tax. The proprietrix company Royal Coach Builders, which specializes in producing bus bodies, builds the bodies over the chassis that the client supplies in accordance with their specifications. On the question […]
The GST portal gives the advisory as the Central Board of Indirect Taxes and Customs (CBIC) has extended the last date for filing form GSTR1 for November 2022 for registered persons whose principal place of business would be in some districts of Tamil Nadu. On 13th December 2022, the Government vide Notification No.25/2022 extended the […]
The Tamil Nadu bench of the Authority for Advance Rulings (AAR) ruled that 18% GST on toys comprises electronic objects no matter in what way they are used. The petitioner owner of M/s Navabharat Importers are regular importers and traders of toys via different countries and sell these goods in retail and via e-commerce platforms. […]
