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To promote the sale of under-construction properties, real estate professionals and developers are urging the government to rationalize the Goods and Services Tax (GST) on those properties. As buyers must now pay stamp duty, registration fees, and the GST, the selling of houses that are still under construction has dropped. Sales of property that is […]
According to the Delhi High Court, requests for Input Tax Credit (ITC) returns cannot be refused based only on suspicion and without any supporting documentation. The department was given the go-ahead to start processing reimbursement of Rs. 72,03,961/- based on the goods sent by the petitioner by the division bench of Justices Vibhu Bakhru and […]
The Haryana government has changed the State Goods and Services Tax (GST) Regulations through a notification, allowing Joint Commissioners of State Tax to hear GST Appeals. The notification states that-: Resulting in the creation of the posts of Joint Commissioner of State Tax (Appeals) at Gurugram and Hisar by the Haryana Governor, the former orders […]
Guidelines for reimbursement of the late fee levied to get paid and deposited u/s 47 by the registered taxable person, issued by the Government of Rajasthan, Commercial Taxes Department, under RGST Act 2017 through issuing the order. The Order expressed, “The State Government has issued order no. F.12 (15) FD/Tax/2023-102, dated February 10, 2023, for […]
Before the GST tribunal is established, the Central Goods and Services Tax (CGST) department should offer a temporary provision to accept a taxpayer’s appeal by accepting a partial amount. Industrialists have requested the CGST department to grant a taxpayer’s appeal by accepting 20% of the entire amount owed until the appeal is decided. “The need […]
The main reasons for the rise in GST-related offences in the nation today are tax evasion, fake invoices for goods that haven’t been delivered, cyber frauds using Goods and Services Tax (GST) identification numbers, creation of shell companies, fabrication of business transactions, failure to deposit required taxes with authorities, and illegitimately claiming input tax credit […]
As the assessee’s non-appearance was judged to be dishonest, the Calcutta High Court recently rejected to quash and set aside the judgment reached by the Additional Commissioner, Central Goods and Services Tax (CGST), and Central Excise against the assessee. In response to the Show Cause Notice issued against the assessee according to Section 73 of […]
The purchaser would not be qualified for claiming the ITC on the subject of purchases that the seller made, who would have released its tax liability, Punjab Authority of Advance Ruling (AAR) stated. No registered individual would be eligible to get the ITC for any supply of goods or services or both until the tax […]
Personal hearings must be allowed in all cases before assessments are finalized, with the exception of those in which the assessee’s position is meant to be accepted by the department, according to a ruling by the Madras High Court. The single justice bench Anitha Sumanth stated that the officer committed a grave error by proceeding […]
