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A petition has been admitted by the Himachal Pradesh High Court contesting the eligibility prerequisites for the appointment of a Technical Member in the Goods and Services Tax Appellate Tribunal (GSTAT). Important questions have been raised by the case for the interpretation and relaxation of qualifications cited u/s 110(1)(d) of the Central Goods and Services […]
The Central Board of Indirect Taxes & Customs (CBIC), via Circular No. 245/02/2025-GST incurred the clarifications for the applicability of GST on penal charges being imposed by the Regulated Entities (REs) given RBI instructions on 18.08.2023 asking such Regulated Entities (REs) to assess penal charges in place of penal interest. The clarification was grounded on […]
The Central Board of Indirect Taxes & Customs (CBIC) through the Circular No. 244/01/2025-GST, regularised the GST payment on co-insurance premium apportioned by the lead insurer to the co-insurer and on ceding/ re-insurance commission deducted from the reinsurance premium filed via the insurer to the reinsurer. The circular was furnished via the granted authority by […]
The Odisha State GST AAAR has issued a decision regarding the taxation of leasing e-bikes/EVs. It determined that leasing e-bikes without an operator falls under a specific category related to financial services. Consequently, as per the central tax rate notification No 20/2019- CT(R) issued in September 2019, this service is subject to an 18% Goods […]
The Calcutta High Court stated that, before sending a show cause notice regarding a tax issue under the Goods and Services Tax Act (GST) of 2017, officials must first consider the individual’s pre-show cause notice (SCN) reply. It was discovered by the court that the SCN is a replica of the data provided before and […]
The Goods and Services Tax ( GST ) ecosystem from January 2025 will see a significant update with the rise in the GSTR-2B Excel module. The making of GSTR-2B an auto-drafted ITC statement is for furnishing clarity to the taxpayers for their eligible and ineligible ITC. The same documents are generated monthly for the normal […]
To increase consumption the majority of Indian industry believes in relief on income taxes and rationalization of goods and services tax (GST) directing to a rise in disposable income as the effective way. MC-Deloitte CEO Survey was conducted between January 10 and January 22 across financial services, consumer goods, technology, and energy sectors survey was […]
Through GST Notification No. 07/2025 – Central Tax, dated January 23, 2025, The Ministry of Finance, has announced the changes to the Central Goods and Services Tax (CGST) Rules, 2017. The introduction of Rule 16A is among the prominent updates that ease the issuance of a Temporary Identification Number (TIN) to persons who do not […]
The Ministry of Finance in relief for the taxpayer has issued a Notification No. 08/2025 – Central Tax, dated January 23, 2025, exempting late fees u/s 47 of the Central Goods and Services Tax Act, 2017. The same exemption applies to the registered persons who were needed to submit the FORM GSTR-9C (reconciliation statement) along […]
