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The GST Council approved decriminalizing specific crimes and doubled the limit to the launching prosecution beneath the tax act to Rs 2 cr, however, kept the limit at Rs 1 cr for bogus invoicing. The department, for the SUVs (sport utility vehicles), charges a 22% compensation cess over the 28% GST and would have chosen […]
A Division Bench of the Gujarat High Court permitted a writ petition in the matter of Goods and Services Tax (GST) refund that is to be provided, recognizing that the taxpayer of those consultants along with others can transmit with the GSTN on the portal when the specification like “May I Help You” would be […]
The Authority for Advance Ruling (AAR) Karnataka stated that the GST (Goods and Services Tax) is subject to be applied to the deduction for canteen facility getting from the employees’ salary. The petitioner Federal-Mogul Goetze India Limited was engaged in the manufacturing of automobile parts and had furnished the canteen facility to its employees through […]
The department would have initiated providing the notices and asking for the details by comparing the information shown in GSTR 9/9C Vs GSTR 3B. Acknowledging distinct amendments in the GST law in the recent former time. The article discusses furnishing transparency on annual returns (Form GSTR 9) filing and reconciliation statement (Form GSTR 9C) including […]
Post executing revision in section 37(4) of the Central GST Act, 2017, the GST department has executed providing late fees for defaulters of GSTR-1. According to section 37(4), an enrolled individual will not be permitted to file information on the outward supplies under sub-section (1) for a tax duration when the information on outward supplies […]
The applicant seeks the Court to challenge the order provided by the State Tax Officer for cancelling the registration allotted to the petitioner under the provisions of the Central Goods and Services Tax (CGST)/State Goods and Services Tax Act (SGST). Read Also: Meaning of SGST, IGST, CGST with Input Tax Credit Adjustment The applicant furnished, […]
Monthly GST revenues exceed Rs 1.4 lakh crore for 9 successive months in a row. Revenues from the import of goods were 20% higher and revenues from the domestic transaction (including import of services) were 8% more than the identical month last year. Rs 1,45,867 crore is the gross GST revenue collected in November 2022 […]
The Central Board of Indirect Taxes and Customs (CBIC) specified the way of processing and sanctioning IGST refunds, upheld for clause (c) of sub-rule (4) of rule 96, transmitted to the jurisdictional GST authorities under sub-rule (5A) of rule 96 of the Central Goods and Service Tax Rules, 2017. Under the rule, CBIC laid on […]
The Uttarakhand Authority of Advance Ruling (AAR) held, 18% GST shall be subjected to be applied on the cost of the diesel made to run a diesel generator. The two-member bench of Anurag Mishra and Rameshwar Meena sees the acknowledgement for reimbursement of the expenses like the price of the diesel to run the DG […]
