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Since it will be mandatory for GST taxpayers with turnover of ₹5-₹10 crore to issue e-invoices from 01 August, GSTN has enabled e-invoicing for eligible taxpayers on all IRP portals. Taxpayers can now check their eligibility status on the e-Invoice portal here: https://einvoice.gst.gov.in. This step has been taken to make such taxpayers familiar with the […]
In a recent ruling, the Delhi High Court guided regarding the reimbursement of integrated tax paid on zero-rated supplies in GST, stating that such cases do not fall under the purview of Rule 89(4) of the Central Goods and Services Tax Rules, 2017. The court, comprising Justice Vibhu Bakhru and Justice Amit Mahajan, emphasised that […]
The GST Council has notified that it might consider the CBIC’s recommendations on adding new validations to the GST return filing in order to track evasion and fake ITC claims in its upcoming 50th GST Council meeting scheduled in July. The action was taken by the Central Board of Indirect Taxes and Customs (CBIC) in […]
The Calcutta High Court has remanded the case back to the department, emphasizing that the buyer/petitioner had made the payment for the purchased items and the corresponding tax through a bank transaction, rather than in cash at the time of the transaction. Furthermore, it was noted that the supplier’s name was already registered as a […]
On the grounds of the Annual information statement (AIS) feature which the income tax department utilises the government would be working on the pre-filled consolidation, GST return forms that shall permit assessees to view all their information of transactions and e-invoices to attain the precise tax liabilities. The consolidated pre-filled form, which the Central Board […]
In the way of operations of businesses and the compliance of the laws of taxation the Goods and Services Tax (GST) regime in India has brought about important amendments. The enforcement of penalties for violations and non-compliance with the terms of the GST Act and Rules is one such feature that has acquired relevance under […]
GSTN has recently released an advisory announcing the launch of its user-friendly E-Invoice Verifier app. This app provides a convenient solution for efficiently verifying e-invoices and related information, ensuring a seamless and hassle-free experience for users. The NIC has released an e-invoice verification application that permits the users to validate the authenticity of the e-invoice […]
For the case of the GST refund application due for 9 months, Rajasthan High Court decided to refund the application within 60 days for the Goods and Services Tax (GST). Despite the applicant has provided an application that claims for the refund previously dated 10.08.2019 the limited grievance circulated via the applicant, to date the […]
The Ministry of Finance has been approached by the Real estate developers for the subject of the impact of GST charged on the rehabilitation apartments that has developed and given back, at no cost, to existing occupants under the portion of redevelopment projects. The Confederation of Real Estate Developers’ Association of India (CREDAI) – MCHI, […]
