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GST Liability for Transfer of Business U/S 85 According to Section 85 of the tax law, if a person who is liable to pay tax under this Act transfers their business, either wholly or partly, through sale, gift, lease, hire, or any other means, both the person transferring the business and the recipient of the […]
What is GST Section 161? Section 161 of the CGST Act, 2017 states the rectification of mistakes or errors that are recognized from the records. It mentions that the authority responsible for issuing decisions, orders, summons, notices, or certificates may rectify any mistake that is found in the records in such documents. These rectifications are […]
Through the GST regime, the validation of the bank account stands integrated according to the latest GST network (GSTN) advisory on 24th April 2023. The same procedure would make provides the assurance of the correctness of the bank account details of all types of GST assessee. The taxpayer would be given directions by the advisory […]
Where the big businesses are continuously appreciating the efforts done by Modi government, the small businesses are sharing another story of discontent.
Overview of GSTR-1 Recently the Bombay High Court addressed issues connected to GST returns in the case of Anvita Associates vs. Union of India. The applicant asks for relief for the inadvertent errors in GSTR-1 filings, especially following the supply to Mahindra Logistics. The decision of the court has permitted the amendment of the error […]
Manisha Gupta Prop Varun Enterprises Vs Union of India Through Secretary Ministry of Finance & Ors (Delhi High Court) On the retrospective cancellation of Goods and Services Tax (GST) registration, the legal battle in Manisha Gupta Prop Varun Enterprises vs. Union of India sheds light concerning about the procedure of integrity and objective criteria. The […]
Overview of TCS Refund Under GST The Goods and Services Tax (GST) system in India has undergone several revisions aimed at simplifying taxation and fostering economic growth. One notable change that has garnered considerable attention, particularly in the e-commerce sector, is the implementation of the Tax Collection at Source (TCS) provision. This article explores the […]
Rathore Building Material Vs Commissioner of State Tax (Allahabad High Court) Overview In a ruling dated December 1, 2023, the Hon’ble Allahabad High Court addressed the case of M/s. Rathore Building Material v. Commissioner of State tax [Writ Tax No 136 of 2023. The court ruled that Rathore Building Material, the petitioner, abided by the […]
In response to a longstanding request from Haryana’s traders and business community to resolve pre-GST tax liabilities, Chief Minister Manohar Lal Khattar officially announced the One Time Settlement-2023 (OTS) Scheme on Sunday. Commencing from January 1, 2024, to March 30, 2024, the scheme offers businesses the opportunity to settle their pre-GST tax liabilities. The OTS-2023 […]
