Powerd By SAG INFOTECH
Notifications can be turned of anytime from browser settings
Towards the GST intelligence wing, a roving squad, the State Government of Tamil Nadu would have issued guidelines, in which the Government has directed that the officers levy a max penalty Under section 129 of the Tamil Nadu GST act for the cases in which the Ship to address in the GST e-way bill would […]
Drop Proceedings for Taxpayers Stopped After SCN Issuance in GST REG-17 Form If a taxpayer does not submit six or more consecutive monthly returns/quarterly returns (QRMP) for two tax periods in Form GSTR 3B, they are suspended from the portal and receive a system-generated notice of cancellation in Form GST REG-17 for the returns that […]
What is GST Rule 88C? The Achilles’ heel of GST has always been the mismatch in GSTR-1 and 3B. There have been several cases when ITC was transferred by the supplier via GSTR-1 even though taxes had not yet been refunded via GSTR-3B. While some of the discrepancies in GSTR-1 and 3B relate to tax […]
The Goods and Services Tax Network (“GSTN”) has allowed the operation to file a Letter of Undertaking (“LUT”) for the FY 2023-2024 on the GST Portal. Under rule 96A, the letter of Undertaking or LUT would specify to be filed via form GST RFD 11 in which the exporter shows that he or she will […]
The Chhattisgarh Bench of the Authority for Advance Rulings (AAR) has declared that the 18% Goods and Services Tax rate applies to BENQ 75-inch Interactive Flat Panel Screens utilized for Data Processing. The authority, comprised of Sonal K Mishra and Rajiv Kumar Agrawal, further highlighted that the same will attract 28% if other tasks other […]
A West Bengal Goods and Service Tax (GST) judgment was rejected by the High Court of Calcutta for violating the Natural Justice Principle. The petitioner, M/s. Gayatri Projects Limited contested the ruling in which the Single Bench ordered affidavits to be filed and declined to issue any interim orders till the disposal of the writ […]
If you don’t have access to the necessary technology or tools, invoicing may be quite difficult, whether you run a little business or a large corporation. E-invoicing will be the best option if invoicing has always been a problem for you. B2B invoices for interchange between buyers and suppliers can be created electronically via e-invoicing […]
In the case that the Input Tax Credit claimed in GSTR-3B and GSTR-2A are inconsistent, the format of the certificate is necessary to demonstrate the validity of the supply made. The Central Board of Indirect Taxes and Customs (CBIC) had made it clear that the GST department can request a certificate from a Chartered Accountant […]
Input Tax Credit (ITC) cannot be denied owing to the cancellation of the GST Registration with retrospective effect, according to a decision by a division of the Calcutta High Court (HC). The respondents in the writ petition are LGW Industries Limited & Ors. Although the respondents/writ petitioners had requested a broader relief in the writ […]
