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Search results for: input tax credit

Taxpayer-Friendly Norms for GST Inspection

New GST Inspection Norms: Officer ID Card, Valid Permission

The Haryana GST Department has circulated the guidelines for re-engineering internal processes to implement taxpayer-friendly measures beneath the GST Law to enhance the experience of assessees. The circular furnished on 19th May 2022 requires that the GST Officers would show the ID cards prior to the inspection of premises. Also, it mentioned that No officer […]

SDMT Working Process with Demo

SDMT: Project Setup, Configuration, Database, and UI Builder

SAG Infotech is a leading tax software development company in India since 1999 with Income Tax, TDS, MCA and GST software. The company holds a well-built network in more than 80 cities network with a strong base of 50,000+ clients across India. A total of 200+ technical executives as the company holds 9 certifications and […]

Kerala HC's Order for Apco Automobiles Private Limited

HC Grants Temporary Relief to Petitioner in No GST Return without Payment Case

The Kerala High court has filed a petition challenging the glitches in the GST system along with the non-acceptance of the return without payment of the tax amount, causing various losses to the taxpayer along with the late fee payment, interest, and the cancellation of the GST enrollment and others. While admitting the application, Justice […]

Important GST Reminders for Freelancers

Must-know Major 3 GST Reminders for Freelancers in India

From the pandemic, people get much more affected. Working from home became a new normal for various companies, also the demand for freelancers gets raised. These freelancers are not only restricted to one company, they are indeed providing their services to the other companies. Sometimes freelancers feel so restricted with the specific projects while they […]

5 Worthful Ideas for Better GST 2.0 System

5 Leakages to be Fixed Properly for User-Friendly GST 2.0

GST will turn five since its execution in India. The first half-decade of this platform is wrapped in the ups and downs with numerous hurdles. At the current time, India has seen revisions in the effective tax rate as well as rectified supply chain efficiencies. Tax compliance is seen on a technology-based monitoring system via […]

Gujarat HC's Order in the Case of Valerius Industries Vs. Union of India

Gujarat HC: Not to Hurdle Compliance Movements via Provisional Attachment

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. […]

CBIC New Computer-Assisted Automated GST Returns

Businesses May Face Hard Time Due to Computer-assisted GST returns

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 […]

New GST E-invoicing Rule for Firms T.O. 20Cr

GST E-Invoicing Guide for Business T.O. 20CR with Exemption

Knowledge of GST E-Invoicing Since October 2020, e-invoicing is executed in a phased manner. The history of e-invoicing is mentioned as: S.no Notification No. Turnover  Effective date 1 61/2020 – Central Tax 500 Crore 01/10/2020 2 88/2020 – Central Tax 100 crore 01/01/2021 3 05/2021 – Central Tax 50 crore 01/04/2021 4 01/2021 – Central […]

Maharashtra AAR Order for Maanicare System India Pvt Ltd on ITC

MH AAR: GST ITC Under RCM Can be Claimed on Buses Hired for Transportation

Maharashtra authority of advance ruling (AAR) mentioned that the ITC is available on the GST furnished beneath the RCM on the hiring of the buses for transportation of employees. In context to the input credit on the rent for the cab service, the petitioner Maanicare System India Private Limited is furnishing the services to the […]

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