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‘E-Invoice Voluntary Enablement’ has been enabled by The Goods and Services Tax (GST) E-invoice system for the financial year 2022-23. Using the e-invoice system, individuals who are GST registered can upload all B2B invoices to the Invoice Registration Portal (IRP). IRP generates an individual’s Invoice Reference Number (IRN), digitally signed e-invoice, and QR code. The […]
The Delhi High Court ruled that under Rule 86 A of the CGST 2017, the restriction of the input tax credit (ITC) cannot be more than one year. The petitioner, M/s Parity Infotech Solutions Pvt. Ltd., complained about the instruction, which was dated March 8, 2012. Special Commissioner-V, Department of Trade and Taxes, issued the […]
The Delhi High Court has commanded a petitioner to reveal the identity of a friend who got a fake GSTIN using his name. The order of revealing the details of his friend has been written by the division bench of Justice Vibhu Bakhru and Justice Amit Mahajan. The petitioner is required to bring the identity […]
The GST department will start examining the Income tax returns furnished through the business and professionals, indeed MCA filing to find out if the entities are enough to release their GST liability and broaden the base of the assessee. At present, there would be 1.38 cr enrolled businesses and professionals beneath the GST that was […]
The GST (Goods and Services Tax) panel has decided to finalize the classification of millet-based products to regulate the applicable tax rates on them. As per the sources, a panel of officials from the Center and States would categorize products keeping millet as a main ingredient. For now, the GST does not have any specific […]
Under Reverse Charge Mechanism (RCM), the Odisha Authority of Advance Ruling (AAR) held that GST should be levied on renting the residential premises on rent as a guest house. Case Fact Petitioner Opinion An advance ruling has been filed by the petitioner on whether the rented residences would be utilised as a guest house through […]
For streamlining and expediting the issue resolution procedure for GST, a 4-member appellate tribunal is proposed to be set up in each state. There are two technical members (one officer each from the centre and states) and two judicial members in every state appellate tribunal. A division bench including two members shall decide the appeals […]
As we arrived at the last month of the accounting year (March 2023), it reveals some essential facts that are needed to be considered in the current month in order to have an easier operation in the subsequent year without taking the assistance of the former year. Below mentioned are the points that need to […]
Delhi High Court for a particular case revealing the GST registration has cancelled the order issued in non-consideration of the revision application for clear error. The applicant Bansal steels have furnished the writ petition by hoping that within the respondent the rules to be provided in order to amend the cancellation order of the applicant’s […]
