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Provisions for GST E-way Bill incurred via changing Rules 138, 138A, 138B, 138C, and 138D in the Central Goods and Services Tax Rules, 2017 (‘CGST Rules, 2017’). The same provisions would be initiated to validate the tax evasion. But the same would be used to harass the transported along with the people who are obligated […]
For handling the GST evasion, the Directorate General of GST Intelligence (DGGI) said that they shall reward those who share the data that renders to the tax recovery, under the message from the probe agency. The agency which deals with cases concerning Goods and Services Tax violation, central excise duty, and service tax mentioned in […]
The Uttar Pradesh Appellate Authority of Advance Ruling (AAAR) ruled that the setting up of an Electric Loco Shed for the Railway constitutes a composite supply of work contract service. The two-member bench of S. Kannan and Ministry S. found that the project of installing an electric loco shed at Saiyedpur Bhitri, Uttar Pradesh meets […]
As per data released by the Finance Ministry on Tuesday, GST collections for October 2022 (for sales in September 2022) rose to Rs 1,51,718 crore, the second highest since the indirect tax regime was implemented in 1st July 2017. There were 1,51,718 crores of gross GST collected in October 2022, of which 26,039 crore was […]
The Central Board of Indirect Taxes and Customs (CBIC) provided guidelines on pre-deposit payment methods in central excise and service tax cases. Some Commissioners (Appeals) have dismissed pleas for non-compliance with pre-deposit needs mandated under Section 35F of the Central Excise Act, 1994, read with Section 35F of the CEA. Payments were made through Form […]
“A proposal is under consideration to raise the threshold to Rs 5 crore for initiating criminal prosecution. The matter will be put up before GST Council soon” said the senior officials. GST evasion with Rs 2 to 5 cr shall draw three years in jail. If the tax evasion is up to Rs 2 crore […]
Since inflation seems to surged for a longer duration and the major state elections are due in 2023, the union government might opt not to restructure the GST slabs prior to the same leaving office in May 2024, as per the officials. Post to the state assemblies elections in Himachal Pradesh in the month of […]
The Kerala Authority of Advance Ruling (AAR) ruled that affordable residential apartments draw 1.5% GST. The bench, Sreeparvathi, and Abraham Renn ruled that a new GST tax structure for the real estate sector was being initiated which would come into force from the date 1/4/2019 with the revision of Notification No. 11/2017 – Central Tax […]
The Delhi High Court has refused the order for the cancellation of the GST registration since the range inspector would have physically validated the premises, not by serving the notice of the physical verification and not in the report generated post to the verification was uploaded on the portal. The division bench, Justice Rajiv Shakdher, […]
