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The Hon’ble Allahabad High Court in M/s Tikona Infinet Private Limited v. State of U.P. [Writ Tax No. 859 of 2023 dated July 25, 2023] set aside the need raised on the basis that the taxpayer rather than passing the Input Tax Credit (“ITC”) via Form GST ITC-02 transferred ITC through Form GSTR-3B and contained […]
In a recent ruling by the Maharashtra AAAR (Appellate Authority of Advance Ruling), it has been stated that businesses moving goods between branches in different states are required to pay taxes under the category of lease rental service. This decision came about when a case involving CIPL (a fictional company) was brought before the AAAR. […]
The GST Council has notified that it might consider the CBIC’s recommendations on adding new validations to the GST return filing in order to track evasion and fake ITC claims in its upcoming 50th GST Council meeting scheduled in July. The action was taken by the Central Board of Indirect Taxes and Customs (CBIC) in […]
The finance ministry released a statement saying, the GST collection spiked by 13 per cent in March 2023 reaching the second-highest peak of Rs 1.60 lakh crore. GST collections touched and crossed the magical number of 1.5 lakh crores four times in the current financial year. According to the government, “the overall GST income received […]
According to the Central Board of Indirect Taxes and Customs ( CBIC ), dealers, are opted under the composition scheme under GST. And being late for filing their GSTR-4 are eligible for a full late fee waived. If they do not have any tax liability. A composition dealer is a small taxpayer that has to […]
The Indian government came with good news, Now businesses can apply for revocation of their cancelled GST registration Till June 30. Many business owners are penalized for not filing their Tax returns on time. And their GST registration got cancelled. Some businesses missed the last date to apply for revocation. To give these businesses another […]
The Delhi High Court has recently made a ruling. The case is related to the Goods and Services Tax (GST). The Delhi High court bench is headed by Justices Vibhu Bakhru and Amit Mahajan. That a person is not obligated to pay any penalty when their GSTIN registration was cancelled. And this started from the […]
After the successful implementation of the new Goods and Service Tax law in 2017. There is a need for a judicial body to resolve disputes between the central government and state government as well as among businesses, individuals, and the government has arisen very quickly. Also, there is no government body to appeal against the […]
In a ruling, the Himachal Pradesh High Court ruled that a delay of 1 day raises hyper-technical reasons for rejecting an appeal for restoration of GST registration. According to the division bench of Justice Tarlok Singh Chauhan and Justice Virender Singh, the appellate authority took an extremely technical and academic view, which is grossly violating […]