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This portal provides effective GST (Goods and Services Tax) news about what is going in the financial world such as filing, taxes, evasion of taxes, etc. The financial news will bring you the knowledge and are helpful for the CAs.
The Blogs on this portal will also tell you about the trending GST news and financial updates whether it might be from any government or non-government portal. You can also stream into the GST articles relevant to the GST REG, the updated scheme for the people of India, and awareness about how to manage or provide consultancy to the people of India in managing their businesses.
The blog will regularly provide press releases of the GST council meetings held by the finance minister of India. Moreover, people can also seek information about the petitions imposed by the applicant and the progress or the result of the cases.
CBIC has stated that the Principal commissioner or commissioner-level officers could provide the directions to recover the GST dues within the said 3 months of serving the demand order. Under the GST statute, when a taxable individual does not file the amount stated under an order passed under the CGST act within 3 months from […]
The finance ministry reported the GST collection of May stood at Rs 1.73 lakh crore. It was less compared to Rs 2.10 lakh crore in April but is more than Rs 1.57 lakh crore in May, of the previous year. The May collection has corresponded with the consumption of goods and services claimed in April. […]
The Madras High Court in a ruling permitted it to challenge the order on a 10% pre-deposit condition as agreed by the applicant for the case of misplacement of Input Tax Credit ( ITC ) in GSTR-3B. The court also marked the petitioner’s submission that he was not able to respond to notices as uploaded […]
News Introduction: In the case of R.A. International (Through Its Proprietor Rakesh Mittal) vs. Commissioner of CGST, the Delhi High Court addressed procedural issues of the issuance of Show Cause Notices for GST registration cancellations. The court’s order to a GSTN officer to furnish a detailed affidavit on the operation of the GST portal highlights […]
Overview The Madras High Court in a judgment addressed the legality of the provisional property attachment u/s 83 of the CGST Act 2017. The same blog explores the court’s decisions for the matter of TVL Maxtile AAC Block Vs State Tax Officer, stating key aspects of tax demand and recovery procedures. Context We know about […]
Certain relief to the fertilizer companies is on the cards as the GST council seems to suggest the issuance of the circular for releasing the refunds due to the inverted duty structure and subsidy. After the general elections, the council is anticipated to meet. Inverted Duty Structure (IDS) is directed to a higher duty on […]
Chhattisgarh govt has issued a new notification, in a move desired to strengthen the monitoring of evasion, immediately effective, requiring the generation of e-way bills for all intra-state goods movement over ₹50,000. The very decision depicts the elimination of the earlier exemptions that authorize specific goods to be transported within the state without an e-way […]
The council is not estopped from availing a measure against the bogus claim of the ITC only because the firms with which the transactions were alleged to have proceeded were enrolled during alleged transactions, Allahabad HC ruled. Justice Subhash Vidyarthi noted that fraud vitiates the most solemn proceedings and ruled that the I.T.C. benefit had […]
Between the head offices and local entities of foreign airline operators from GST, India can waive the supply of services. GST notices have been received from foreign airlines with offices in India over the past few months for not filing the tax on the import of services via Indian entities from their head offices. Under […]