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Uttar Pradesh-based authority for advance ruling (AAR) has held that on the GST, the Input tax credit (ITC) could not be claimed that has been paid on the expenses towards the corporate social responsibility (CSR). For the case, the ruling was provided to the company that used to manufacture and supply the parts of the […]
GST input tax credit Input tax is related to a taxable entity, which means the (IGST and CGST) in respect of the CGST Act and (IGST and SGST) in respect of the SGST Act are imposed upon each supply of goods and any services on the entity that is used by it or that is […]
Under the GST act, an assessee would need to reverse the ITC that was claimed by 30th November for the case when his supplier could not deposit the dues the taxes via 30th September. PAN-linked mobile along with the email could be used with biometric authentication or GST Registration. The Central Board of Indirect Taxes […]
The blocking of input tax credit) under GST would be affecting businesses all over the state. As the city is the financial capital of the state, the majority of businessmen of the city would get impacted by it. In front of the state, GST commissioner Lokesh Jatav several CAs, and tax consultants asked to resolve […]
The Uttar Pradesh Appellate Authority of Advance Ruling (AAAR) held that no Input Tax Credit (ITC) could be claimed on 5% GST that is paid on a license fee to IRCTC or Indian Railway thus upholding the AAR’s ruling. M/s. Amar Food Products, the appellant, is in the General Minor Units (GMU) at Railway Platforms […]
GST enrollment will be done for the individual only on the grounds of the verification. So to reduce the bogus GST invoices the government has notified the recommendations of the law committee of the GST department. There are four objectives that the law committee has been notified such as stiffening of the confirmation process for […]
The Kerala High Court ordered the administration to allow the applicant to upload the returns for the earlier period to claim the qualified Input Tax Credit (ITC). Section 139 (1) of the GST Act the applicant is the owner of Madhav motors who is a dealer in automobiles and was recorded under the GST Act, […]
M/s Horizon Projects Pvt. Ltd has been found guilty by the National Anti-profiteering Authority (NAA) Get to know about complete guide of the anti-profiteering rules under GST in India. Also, we have attached Indian government provisional orders for profiteering although the penalty has not been imposed for refusing the gains of Input tax credit (ITC) […]
The Central Board of Indirect Tax and Customs (CBIC) declared clarification on the distribution of the Input Tax Credit for the cases of business reorganization like a merger, demerger, amalgamation, change in constitution or change in the ownership of the business mentioned under section 18 (3) of the Central Goods and Services Tax (CGST) Rules […]
