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GSTN (Goods and Services Tax Network) has postponed by 3 months the implementation of the time limit for companies with revenue of over Rs. 100 crore to submit their old e-invoices. In the previous month, the GST Network introduced a timeline for businesses with a total turnover of Rs. 100 crore and above for uploading […]
SAC code is a nomenclature that is used in the GST system. The Central Board of Indirect Taxes and Customs created the SAC code under GST. Such codes help in recognizing services and their corresponding GST rates in order to compute the appropriate tax amount. What Do You Understand by SAC Code in GST? The […]
The Telangana Authority of Advance Ruling (AAR) has ruled that the supply of ambulances received by the Tripura Government is liable for 28% because it is considered an interstate supply. The two-judge bench of Kasi Visweswara Rao and Sahil Inamdar held that the tax being levied on goods shall increase during supply under the provisions […]
Two member-bench of the Telangana Authority for Advance Ruling (AAR), S.V. Kasi Visweswara Rao and Sahil Inamdar, unanimously ruled that using prefabricated technology for shed construction is not eligible for input tax credit (ITC) under the Goods and Services Tax (GST). According to the applicant, M/s. Sanghi Enterprises, they are building a shed on leased […]
For the two-wheeler segment, successive problems would have been surging out, through the entry-level vehicles that draw some buyers. For the same concern, a request to the GST Council has been furnished by the Federation of Automobile Dealers Associations (FADA) for considering diminishing the GST on two-wheelers from 28% to 18% to assist the same […]
A notification has been issued by the Finance Department of the Commissionerate of CT & GST, Odisha. The notice informs recipients about the option to generate Document Reference Numbers (RFNs) for use in communications with taxpayers and RFN verification through the Goods and Services Tax (GST) Portal. The Supreme Court ruled in the case of […]
According to the latest GST notification on GST registration revocation the High Court of Karnataka has permitted to file the cancellation of the application, an application would get filed outside the time limit can be applied again when the cancellation of the registration was incurred prior to the date 31.12.2022. Read Also: Rajasthan HC: Assessee […]
The department submitted the Form GST DRC-01 to the GST Portal but it was not noticed by the assessee. Therefore, the Calcutta High Court permitted the time-barred appeal. The assessee, SSB Petro Products & Ors questioned the instructions dated 16-01-2023 issued in WPA 29 of 2023. The applicant had questioned the directive cleared by the […]
Andhra Pradesh has witnessed the highest-ever GST collection in April 2023 since the introduction of the GST system. The state released Rs. 4,329 crore gross GST revenue for the month. Almost 70% of the increase has been noted in the GST revenue of the state in the last four years. The strong GST mop-up in […]
