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As per the provisions of section 54 of the CGST act, no GST refund of the unlisted ITC will be permitted in cases other than the i. Zero-rated supply made without payment of tax; ii. In which the credit has been collected on the basis of the tax rate on the inputs more than the […]
Electronic waybill or e-way is used for the movement of goods. The same bill is made on the e-way bill portal. For transporting goods in a vehicle, the transporter is required to be a GST enrolled individual. The goods whose worth exceeds Rs 50,000 (Single Invoice/bill/delivery challan) would not be carried without an e-way bill […]
To measure the mood of the states before the GST official’s meeting in late May, the GST officials secretariat seeks the views of the states on the scope of raising the tax rates on 143 items, in the majority of the cases to revert the rate to 28% from 18%. The State Minister mentioned that […]
The Bombay High Court permitting the assessee to correct Form TRAN-1, rendered the department to acknowledge the problem of whether Form TRAN-1 and other forms that will be furnished or corrected by the applicant would be entertained as per the provisions of section 140 of the Central Goods and Services Tax Act, 2017 and Rule […]
The Jharkhand High Court bench has recently cancelled a Form GST DRC-07 summary notice issued by the GST department for not being issued in compliance with the law. The petition was filed in response to a CBIC notice dated 10.02.2020, which says that interest paid on late payment of taxes is recoverable under Section 79 […]
The Gujarat High Court bench of Justice J.B. Pardiwala and Justice Nisha M. Thakore has ruled that the provisional attachment must not lay the burden on the normal business activities of the taxable person. The petitioner is involved in the business of manufacturing and selling ingots and has a factory located near Rajkot Gujrat state. […]
As technology has come around most of the income tax (IT) departments’ communication addressed to the taxpayer is provided to his or her enrolled email. The Delhi High Court in Venad Properties Pvt ltd. vs. Commissioner of Income Tax (2013) 212 Taxman 20, ruled that the object and the intention of the service of the […]
The businesses are required to set up for answering the questions raised by the goods and service tax council, this is because they started examining the returns for the first time since the new indirect tax council was started in 2017. The Central Board of Indirect Taxes & Customs (CBIC) has initiated the computer-assisted automated […]
The Rajasthan State GST department has provided a circular for the correct submission of GST returns. Section 53 of CGST act/ RGST Act and section 17, section 18 of the IGST act read with Goods and Services Tax Settlement of Funds Rules, 2017 furnished for the way of the cross usage of IGST or might […]
