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Due to the GST department’s failure to provide a cancellation order of registration, the Tripura High Court (HC) recently ordered that the suspension of registration be removed. The petitioner company, New Tripura Electricals, has been conducting business as a dealer under the name and style “New Tripura Electricals” registered under both the State and CGST […]
A person who is registered as a composition taxpayer cannot generate taxable invoices, collect GST from consumers, or claim ITC on purchases, according to the Central Board of Indirect Taxes and Customs (CBIC). The explanation came in response to a popular video showing a restaurant tricking patrons even though it was a composition taxpayer under […]
Under the Chairpersonship of Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman, the 49th GST council meeting would have launched different suggestions concerning the GST compensation, GST Appellate Tribunal, approval of the Report of Group of Ministers (GoM) on Capacity Based Taxation and Special Composition Scheme in specific Sectors on GST, recommendations relating […]
The scrap steel sector, which obtains its raw materials mostly from unorganized scrap dealers, has requested that the GST structure be rationalized through the use of a “reverse charge mechanism,” in which manufacturers would be responsible for paying taxes. The GST Council was encouraged on Thursday by the All India Induction Furnaces Association (AIIFA), a […]
The unsigned show cause notice and assessment orders were revoked by the Delhi High Court (HC), presided over by Justices Vibhu Bharkru and Amit Mahajan. A total demand of Rs 49,26,623 has been made by the petitioner in this case, which challenges a judgement made by the adjudicating authority (assistant commissioner) under Section 73 of […]
Regarding the CSR (Corporate Social Responsibility) expenses, there is zero anticipation among the companies to see any relaxation in the budget provision concerned with the no ITC (input tax credit). The 2023 finance bill aims to revise section 17 of the CGST Act by stating that input tax credit will not be accessible for goods […]
The problem of GST on the leased land affecting the Ministry of Micro, Small & Medium Enterprises across India, it is been requested by the Chamber of Small Industries Association (COSIA) to the government to think again about the same issue. President of COSIA Sandeep Parekh stated that the GST department has laid the industry […]
The supply of machinery, mechanical appliances, parts, etc including the erection, commissioning, and installation is being supplied by the applicant. The GST returns in Form GSTR 3B for the FY 2017-18 (for short, “the FY”) would have been submitted by the applicant. Asking for the books of accounts for conducting the desk audit and rendering […]
The availability of less expensive cell phones with more features, along with the spread of inexpensive internet in rural India fueled by the Digital India campaign, has forced service providers to change the way services are delivered. As a result, over the past few years, the number of players in advertising, media, and education, has […]
