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On Wednesday, a committee of the Parliament suggested to the government that a proposal should be made to the GST Council to cut the tax rates on fertilizers from 5% at present. The Standing Committee on Chemicals and Fertilisers said the committee has been notified that 12% GST is applicable on fertilizers. However, seeing the […]
A pedantic viewpoint cannot be used to negate the party’s substantive right of appeal, which is established by legislation. In a significant ruling, the Andhra Pradesh High Court excused a delay of 25 days and highlighted that if the bank account is frozen, it is impossible to make the required 10% pre-deposit for submitting a […]
On Wednesday, the Federation of Automobile Dealers Associations (FADA), the apex national body of the automobile retail industry requested to reduce GST on entry-level two-wheelers from 28% to 18%. A letter was submitted by a delegation of the body to Nitin Gadkari, Minister of Road Transport and Highways (MoRTH) regarding the request. GST rate reduction […]
The Minister of State in the Ministry of Finance India, Shri Pankaj Chaudhary replying to a question raised in Lok Sabha said that, no proposal to bring GSTN under PMLA. The main purpose and objectives of GSTN are to furnish common and shared IT infrastructure and services to the Central and State Governments, Taxpayers, and […]
A recent decision to cancellation of the GST registration is been revoked by the Kerala High Court in a recent decision on the absence of a reasonable chance of getting heard. The applicant, M/s Ajit Associates Architectural Consultants Pvt. Ltd is a Private Limited Company that is involved in furnishing services related to architecture. Under […]
What is RCM Liability Under GST Section 9(3)? Various supplies under section 9(3) would have been notified where the tax is liable to get paid via the receiver under RCM. This article attempts to analyze the application of RCM to the purchase of goods from vendors whose turnover is below the registration requirement. Let’s say […]
The Delhi High Court, in its recent ruling, directed the Goods and Service Authority to review the case where the GST refund was cancelled merely on the basis of a mismatch and without even taking the Reconciliation Statement into account. The petitioner, M/s. Shivbhola Filaments Pvt. Ltd., questioned the impugned order through which, the petitioner […]
The Goa Goods and Service Tax (Amendment) Bill, 2023, has been passed by the Goa legislative assembly that permits the state to build a tribunal to settle the issues of GST. A three-member tribunal would be formed, Chief Minister Pramod Sawant elaborated, and that all the bill’s provisions would be “people-friendly and not unfavourable”. Opposition […]
One time amnesty scheme has been expected by the exporters in order to deal with the problems caused by a provision in the Goods and Services Tax (GST) rules that expects to safeguard government revenue from traders who demanded credit under Integrated GST (IGST) through what authorities have termed ‘irrelevant’ products. Sanjay Kumar Aggarwal, Chairman […]
