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The Authority for Advance Ruling (AAR) Himachal Pradesh bench released ruling and cleared that input tax credit (ITC) can’t be claimed by companies for GST paid on hiring commercial vehicles for transportation of employees If companies are providing such a service then such a service is not covered under any law. The AAR Himachal Pradesh […]
As per the information gathered from various sources, The Government collected INR 92,681 crore through the net direct tax collections as of June 15. The said amount is 7.03% of the full-year target which is INR 13.19 lakh crore. The data represents a 32.3% fall in the year to year collection because in the last […]
After receiving timelines related requests, finally, on Wednesday, June 17, 2020, the Ministry of Corporate Affairs (MCA) came up with a Scheme for providing relaxation in time for filing several forms that are related to amendment or creation of charges under the Companies Act, 2013. It will provide a gateway for compliance for the registration […]
In the petition of SKH Sheet Metals Components Pvt LTD, the Delhi High Court instructed the GST Authority to initiate an online portal to enable Petitioner to furnish a revised declaration TRAN-1 through electronic mode or through manual mode. In this case, SKH Sheet Metals Components Private Limited is the petitioner who has a unit […]
CBIC on Monday, June 15, 2020, launched ‘e-Office’ in more than five hundred GST and customs offices. e-Office is an application that is introduced with an aim to improve governance, which can be achieved by automating the internal procedure of handling files. The Application will impose changes in the internal office procedures which are till […]
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 […]
The centre described the current abnormal situation as an “act of God” and also indicated that there was no insurance for the growth of 14% in the GST Collections during this situation. In July 2017 when the GST was introduced, the centre provided insurance to States against any “revenue loss”, if the growth of revenue […]
The CICU stands for Chamber of Industrial and Commercial Undertakings, it is registered as a non-profit making society, and it represents Industry & Trade Sectors of the Punjab State since 1968. As per the recent events, the CICU reflected its disappointment to the Punjab state tax department for its inability to release the pending VAT […]
The Central Board of Indirect Tax and Customs (CBIC) issued a clarification of the refund of ITC under form GSTR-2A The CBIC has issued the notification on October 09, 2019 regarding Input tax credit limitation. Now, it is mandatory to upload complete invoices if taxpayers want full credit. Read More. The clarification has been provided […]