Powerd By SAG INFOTECH
Notifications can be turned of anytime from browser settings
The Madras High Court in a ruling held that the Advance tax unutilized under the Value Added Tax (VAT) or Tamil Nadu VAT (TNVAT) has been permitted to be transitioned under Section 140 of the Tamil Nadu Goods and Services Tax Act, 2017 (TNGST). A Single bench of Justice C. Saravanan, the language of Section […]
The Gujarat bench of the Authority for Advance Ruling (AAR) held that the Goods and Service Tax Input Tax Credit (ITC) was restricted to the cost of employer for canteen facility, apart from the employees contributions. The petitioner, M/s Kohler India Corporation Pvt. Ltd. is manufacturing plumbing products for kitchens & bathrooms. Their manufacturing facility […]
A Division Bench of the High Court of Telangana has explained that the GST Authority does not have the authority to issue orders for the insertion of a negative balance in the credit ledger of assessees. A writ petition was filed by Laxmi Fine Chem against the Assistant Commissioner contesting the blocking of input tax […]
The government has the objective to operationalize all the benches of the GST Appellate Tribunal (GSTAT) by January 2025, as it seeks to ease the significant backlog of pending GST-related disputes at the appellate level. The principal bench of GSTAT, in New Delhi, is anticipated to start operating in July. Finance Minister Nirmala Sitharaman administered […]
FM Nirmala Sitharaman dismissed the fact that increasing goods and services tax (GST) collections only provides an advantage before the Centre. She elaborated that the indirect tax system increases the revenue of the state by nearly Rs 9 trillion between 2018-19 and 2022-23 compared to the amounts that have been collected via the before subsumed […]
The Punjab & Haryana High Court in relief for India Inc., has stayed a circular that is within the corporate guarantees furnished via holding companies for the advantage of their subsidiaries, to GST. The High Court in an interim order has stayed the Central Board of Indirect Taxes and Customs (CBIC) issued circular. As per […]
Following the way to the GST Appellate Tribunal (GSTAT) to resolve disputes, Finance Minister Nirmala Sitharaman allocated the oath of integrity and sincerity to the tribunal’s first President, Justice (Retd.) Sanjaya Kumar Mishra. Under the Central Goods and Services Tax Act, the tribunal established is anticipated to become operational, nearly 7 years post the incorporation […]
The Delhi High Court in a case has directed re-adjudication concerning the order passed u/s 73 of the Central Goods and Services Tax Act, 2017 for the failure to comply with the natural justice principle. The applicant Dish TV India Ltd has furnished the writ petition against the demand created u/s 73 of the CGS […]
The Delhi High Court ruled that Goods and Service Tax ( GST ) Registration cannot be cancelled retrospectively as of non-filing of returns for a continuous period of 6 months. The Court amended the impugned order to the extent that registration will now be deemed as cancelled w.e.f date 30.04.2019 i.e., the date from which […]
