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The other surcharge obtained via open-access consumers under section 42 of the electricity act 2003 shall get taxed under the GST act, Karnataka Authority for Advance Ruling (AAR) held. The two-member bench of M.P. Ravi Prasad and Kiran Reddy T. found that Chamundeshwari Electricity Supply Corporation Limited could not be regarded as a “governmental authority” […]
The GST Network (GSTN) announced a new GST portal option on February 25, 2023, allowing all Goods Transport Agencies (GTA) to choose to pay GST on a forward charge. The revision follows the CGST rate announcement number 3/2022, which was published on July 13, 2022, the previous year. In addition to the reverse charge option, […]
Under the Indian GST Act, assessment is a crucial step in the process. It deals with confirming and figuring out a taxpayer’s tax liability. The GST authorities perform assessments under the GST to make sure that taxpayers are adhering to the Act’s requirements and paying the right amount of tax. Self-assessment is used in the […]
According to a recent ruling by the Tamilnadu Authority for Advance Ruling (AAR), bus bodybuilding activities are subject to an 18% Goods and Service Tax. The proprietrix company Royal Coach Builders, which specializes in producing bus bodies, builds the bodies over the chassis that the client supplies in accordance with their specifications. On the question […]
Even though the GST Council gave the go-ahead, the Central Board of Indirect Taxes and Customs (CBIC) is contemplating permitting the e-filing of applications from recalcitrant taxpayers because the establishment of GST Appellate Tribunals (GSTAT) may take an additional 10 months. The board testified before the Bombay High Court that if a taxpayer is prepared […]
The non-granting of the effective hearing would be a total breach of natural justice, Gujarat High Court observed. The petitioner contested the ex-parte decision made by the Commissioner of Central GST and Central Excise, which was purportedly made without consulting the petitioner or its authorized representatives and in a flagrant breach of natural justice principles. […]
New capabilities that will let taxpayers follow the status of their applications for new registrations or clarification papers have just been added to the GST system. Particularly, information about the state and centre jurisdiction connected to the application will now be displayed in the portal’s Application Reference Number (ARN) status. The taxpayers, tax experts, and […]
On Saturday, the J&K Finance Department issued an order requiring contractors to verify the validity of their GSTINs and GST-3B returns before receiving any contracts or payments. This may be done via the Peridot App, which is accessible on the Play Store, or by contacting the State Taxation Department. The commercial entities that register for […]
The Goods and Service Tax Network recently published its new advisory regarding e-invoice portals. Interestingly, this advisory has a strong hint of releasing four new IRPs( Invoice Reporting Portals). The mentioned private IRPs are already available for taxpayers to report GST e-Invoices. The GSTN issued the following advisory to stakeholders on February 25th, 2023 Dear […]
