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A show cause notice was issued to the assessee for running a bogus company and missing a bogus ITC of Rs 26.53 cr. on 1st June 2018, the related dept refused the same enrollment. The assessee gives his statements on the date of 7th June 2018 and 6th July 2018 to the Directorate of Revenue […]
Towards the exemption for individuals who have not yet received long-pending insurance claims with interest, the Punjab and Haryana High Court ruled that TDS does not get deducted by the insurance companies on the interest on the compensation amount till 1.06.2015. Justice Arvind Singh Sangwan acknowledged a modification plea by the New India Assurance Company […]
GST has been incorporated in India in 2017. This has changed the indirect tax systems of the country. Seeing its ups and downs the government and industry have acknowledged that its stability could be attained if both give and take come at equilibrium. It is one of the reasons that the government has provided the […]
The Delhi Appellate Authority for Advance Ruling (DAAAR) ruled that the supply of goods to outbound international travellers comes beneath the supply on which GST will be levied and upholds the order of Delhi AAR. The petitioner M/S Rod Retail Private Limited who used to supply the sunglass hut’ to international outbound passengers from the […]
The new provisions for the MSME sector are expected to cause a lot of trouble for micro, small & medium enterprises across the country, as they must become more compliant in terms of filing returns, or might have to pay penalties otherwise. This is also expected to affect the business of the MSME sector by […]
There are much more things that have been made by scientists and from their work, particularly regarding the covid pandemic condition. However various scientists are being thought about the future of their research post to the announcement of the government for the amendment in the GST rate of 5% on the technical testing equipment related […]
The Calcutta High Court, on Thursday, gave its ruling in the Purulia Metal Casting case, which says that the action taken by the GST department to recover the tax from the electronic cash ledger even before the due time to file the appeal was expired is a certain violation of section 78 of the Central […]
A host of procedural amendments in the GST compliances is being reported by the government, along with the levy of interest for the bogus usage of input tax credit and the turnover limit for furnishing the yearly returns for 2021-22 fiscal. GST administration investigated the changes at its meeting in the former week. Through the […]
To lessen the tax for the tour and the hospitality sector, the GST council’s fitment committee recommended imposing the tax on the margins incurred by the tour operators at an appropriate rate. A 5% GST would be imposed on the total tour cost without any utility of the ITC. The panel recommended a regularisation of […]
