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Input tax credit (ITC) is not permissible on rotary car parking systems, the Tamil Nadu Authority of Advance Ruling (AAR) held. The bench of D. Jayapriya and A. Valli noted that the Rotary car parking system is an infrastructure to cater to the requirement for greater urban density and compactness in cities and to make […]
The decision of the Kerala High Court in the case of Faizal Traders Pvt Ltd vs Deputy Commissioner revolves around denying a GST input tax credit (ITC) claim and pertinent penalties under the CGST/SGST Act. Faizal Traders, a registered dealer in furnishing services to Southern Railway and distributing BSNL top-up and recharge coupons, contested an […]
Case Background: Chehak Fashions, a business that is in the trading of woven fabric, was served with a Show Cause Notice (SCN) dated September 20, 2021, for not filing returns for a continuous period of six months. The SCN was unclear, did not have the reasons, and did not specify the date and time for […]
The finance ministry reported the GST collection of May stood at Rs 1.73 lakh crore. It was less compared to Rs 2.10 lakh crore in April but is more than Rs 1.57 lakh crore in May, of the previous year. The May collection has corresponded with the consumption of goods and services claimed in April. […]
GSTN notified the incorporation of the GST e-way bill 2 Portal by NIC on June 1, 2024, through an issue advisory on May 28, 2024. Accessible at (https://ewaybill2.gst.gov.in), this portal shall function in parallel with the main E-Way Bill portal (https://ewaybillgst.gov.in), ensuring high availability and quick synchronization of e-way bill details. The new portal keeps […]
GST authorities are developing a system to address tax and registration concerns related to shared warehouses used by e-commerce companies, where multiple suppliers store their goods for final delivery, an official stated. For warehouses, the problem of taxation has arisen due to multiple suppliers geo-tagging the same warehouse as their ‘additional place of business’ under […]
A petition contesting the levying of the GST on the transfer of development rights within joint development agreements between realty developers and landowners has been considered by the Supreme Court of India. The court in the case has furnished the notices before the Union government, GST Council, and Central Board of Indirect Taxes and Customs […]
The Forum for Internet Retailers, Sellers & Traders (FIRST) India, a division of India Small and Medium Enterprises (SME) Forum, stated that various sellers looking to start businesses in the state are facing obstacles in receiving the GST registration. The forum highlighted the problems encountered by online MSMEs desiring peace in TN for GST registration, […]
FM Nirmala Sitharaman dismissed the fact that increasing goods and services tax (GST) collections only provides an advantage before the Centre. She elaborated that the indirect tax system increases the revenue of the state by nearly Rs 9 trillion between 2018-19 and 2022-23 compared to the amounts that have been collected via the before subsumed […]
