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Search results for: lockdown

Karnataka GST Revenue Collection in April 2021

Karnataka Gets Huge Loss of GST Collection in April 2021 Due to Lockdown

Indicating which thing can be in stock of the state towards the collection of goods and services (GST) in May month in the situation of lockdown the collection dips 42% since March besides COVID-19 pandemic was raging in Bengaluru. The net GST collection consisting of cess which fells from Rs 9954 cr in March to […]

Experts Opinion: GST Revenue Loss in May 2021

Experts Opinion: 10%- 20% GST Revenue Loss in May 2021 Due to Lockdown

Maharashtra (the state that is the largest contributor to GST exchequer across India) in addition to Madhya Pradesh has imposed lockdown-like curfew instead of complete curfew. Contrarily, other states have imposed night curfews to control the rising number of Covid cases. Due to the closing of various organizations specially profit-seeking organizations like shops, businesses, bottlenecks […]

Need Tax Clarification on Rent

How Lockdown Affected Rent: Issues in Taxation that Need Clarification

The Covid-19 Pandemic has changed many things, one of the biggest changes is now work from home has become the new norm, many people have left their rental accommodation and shifted to their hometown. Due to losses and financial issues, many tenants have renegotiated the rent or requested for the waiver of the same. In […]

GST Registration Delay

60 Days Delay in GST Registration Due to Lockdown

As per the recent update, Business doing registration of Good and Service Tax (GST) faced a delay of around 60 days amid countrywide lockdowns. Usually, the process doesn’t take that much time in compliance. The delay has been faced by several appliances who even applied for it before the lockdown and the same doesn’t receive […]

No GST Rate Cut After Lockdown

Rumors Govt Will Not Reduce GST Rates After Lockdown

There were rumours that the Government will reduce the GST rates Grab the information of revised GST slab rates on consumer products in India, Although GST council finalized the slab rates like 5%, 12%, 18% and 28% for six months to boost demand after the lockdown, but if we take some time and think about […]

GST Revenue Impacted on Retail Sector

GST Revenue at Loss From Lockdowns Which Directly Impacted on Retail Sector

The third Lockdown is going to end on 17th May 2020 but PM Narendra Modi on 8th May already indicated that the next lockdown is on its way. With back to back lockdowns, everything except shops for essential products was closed for over a month. Due to lockdowns caused by Covid-19 Panadamic, every sector is […]

Madras HC's Order In Case of Ms Shanker Impexx vs. The Assistant Commissioner

Madras HC: Late GSTR-3B Filing Not Grounds to Deny GST ITC Post CGST Act Amendment

The High Court of Madras quashed the refusal of the GST Input Tax Credit (ITC) for late filing of GSTR-3B, mentioning the retrospective revision to the Central Goods and Services Tax(CGST) Act,2017. The applicant, Shanker Impexx, had contested the order passed by the first respondent dated 19.04.2023. The counsel of the petitioner said that the […]

Delhi HC's Order In Case of M/S Addichem Speciality LLP vs. Special Commissioner I, Department Of Trade And Taxes And Anr

Delhi HC: GST Appeal Deadlines U/S 107(1) and 107(4) Are Absolute and Non-Extendable

The Delhi High Court in a judgment held that the legal timeline to file a plea as given u/s 107(1) and the additional one-month condonable period u/s 107(4), is absolute and cannot be extended. The matter engaged various businesses, including Addichem Speciality LLP, JM Fleet Management Pvt Ltd, and Enia Architects. The dispute has emerged […]

Delhi High Court's Order for Good Life Zip India

Delhi HC: GSTIN Can’t be Cancelled Retrospectively U/S 29 (2) If GST Returns Weren’t Filed

The Delhi High Court ruled that just as a taxpayer does not file the returns for some period does not indicate that the taxpayer’s registration is directed to be cancelled with a retrospective date. The bench of Justice Sanjeev Sachdeva and Justice Ravinder Dudeja, in terms of Section 29(2) of the Act, the proper officer […]

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