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The problems suffered by the registered dealers during furnishing the refund applications have no limit from the limitation time, interest on the late refund, and others. Which reveal their place in Tribunals and courts. In this, we have attempted to list some of the common problems suffered during filing the GST refund applications beneath the […]
Gross GST collection in June 2022 is the second-highest collection next to the April 2022 collection GST collection crosses ₹1.40 lakh crore mark 5th time since the inception of GST; 4th month at a stretch since March 2022 The total GST revenue collected in the month of June 2022 would be Rs 1,44,616 cr of […]
A 47th GST official ruled in Chandigarh has chosen to allow the composition assessee to make intra-State supply via e-commerce operators as per the precise conditions. The information about the scheme would be worked through the law committee of the official. The scheme will get executed with effect from the date 1/01/2023 as per the […]
A GST expert CA Sunil P Jain mentioned that the traders and the tax consultants are suffering from the issues in CGST departmental audit as towards the GST law various discrepancies are there, and in other cases, it is found even in the departments. Various meanings are assumed, and the business found it difficult to […]
To lessen the tax for the tour and the hospitality sector, the GST council’s fitment committee recommended imposing the tax on the margins incurred by the tour operators at an appropriate rate. A 5% GST would be imposed on the total tour cost without any utility of the ITC. The panel recommended a regularisation of […]
A division bench of the Madhya Pradesh High Court has held that the authority for advance ruling (AAR) under GST cannot be sought after the initiation of assessment proceedings when the department issued a show-cause notice. The Petitioner, Saisanket Enterprise, is a Works Contractor engaged in executing works related to the construction of the irrigation […]
The Rajasthan Bench of Authority of Advance Ruling, secured with Vikas Kumar Jeph and M.S. Kavia held that GST would not be subjected to pay on the goods movement between the two units working beneath the identical GSTIN. The petitioner performs the business of manufacturing Thermocol, PET Bottles, Tableware, Kitchenware & Tiffin, Toilet ware, Plastic […]
In this post, we have completely summarised section 15(3) of the Central Goods and Service Tax Act 2017 which is concerned with the treatment of discounts under GST. Below, we discussed the various aspects of the supplied value which is not considered for the discount, and also understand section 15 (3) for a better perspective: […]
The Maharashtra bench of Authority for Advance Rulings (AAR) ruled that the amount of stipend provided to trainees would not draw GST. The Applicant, M/s Patle EduSkills Foundation is registered in the GST compliance and does the business of Human Resource & Skill Development and is a facilitator beneath the National Employability Enhancement Mission (‘NEEM […]
