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5 years before, on July 1, 2017, India had started the biggest amendment in its indirect tax system through the GST that would improve the complete indirect tax structure and lastly amend tax administration and compliance. In the former 5 years, the GST implementation proves to be a ride like a roller coaster for the […]
A 5% GST shall be needed to file on turmeric in its whole form as it comes under the agricultural produce said Maharashtra Appellate Authority of Advance Ruling (AAAR). The two-member bench of Rajeev Kumar Mital and Ashok Kumar Mehta sees that the farmers who had the first supply of turmeric in the whole form […]
The Maharashtra Authority of Advance Ruling (AAR) including T.R. Ramnani and Rajiv Magoo held that GST is subjected to pay on receipt of gratuitous payment from outgoing members. The petitioner has a co-operative housing society registered under the Maharashtra Co-operative Housing Society Act (MCHS Act) holding 48 flats that impose its member’s maintenance charges according […]
Beneath the Income Tax Act, a new return is an updated concept, this would draw voluntary compliance instead of following a longer adjudication process. No matter, if an income tax return would be furnished for a specific assessment year, a taxpayer is qualified to furnish a new return for that assessment year within 24 months […]
An empowered group of ministers (GoM) seeing towards rationalizing the rate might be asked for reducing GST exemptions on the specific goods and services and rectifying the inverted duty framework in the subsequent 47th GST council meeting. The ministerial panel might be conducted before the council meeting and might postpone its rate rejig concern till […]
The tax counsel would now suffer the execution when an assessee makes the voluntary payment of the tax in an investigation. The Central Board of Indirect Taxes and Customs (CBIC) rendered its field formation that the tax recovery dues must be executed by complying with the last legal process post to issuing the adjudication order […]
The Supreme Court mentioned that a suggestion of GST officials would not restrict centres and states and that the council as a body holds influential values. A bench led by Justice DY Chandrachud ruled that the Central Government and States have concurrent powers to legislate on Goods and Service Tax (GST). giving relief to importers, […]
The Calcutta High Court ruled that the GST department would not seize the vehicle in the absence of a second e-way bill since the first GST e-way bill was valid in the period of interception. A bench of Justice T. S. Sivagnanam and Justice Hiranmay Bhattacharyya was acknowledging an appeal by the department questioning the […]
A division bench of the Madhya Pradesh High court consisting of Justice Sheel Nagu & Justice Maninder S. Bhatti ruled that order which refused the appeal with respect to the cancellation of GST enrollment on the part of the delay of 18 months in furnishing the lawful petition without any reasonable reason. The applicant’s company, […]
