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The Karnataka High Court has ruled that denying tax exemption to the government’s helicopter pilot trainer solely for the initial non-submission of Goods and Services Tax Identification Numbers (GSTIN) is unwarranted. Justice B. M. Shyam Prasad, presiding over the case, highlighted that although the GSTIN for the recipient organization was not initially provided, it can […]
Unveiling the Basics of GEO-Coding Geocoding stands as a requisite step in the address verification process within the Goods and Services Tax (GST) framework in India. This procedure entails the transformation of physical addresses into geographic coordinates, specifically latitude and longitude. It has evolved into a crucial instrument for validating the precision of a business […]
The upcoming Union Budget for the fiscal year 2024-25 might introduce measures to alleviate the minimum threshold, adjust input tax credit, and revise GST rates on insurance products, aiming to facilitate smoother business operations. Nevertheless, Finance Minister Nirmala Sitharaman is likely to refrain from significant alterations to the GST rates due to the presentation of […]
The latest update on the Goods and Services Tax (GST) portal introduces a new functionality allowing GST payers to use debit or credit cards via the Kotak Mahindra Payment Gateway. Presently, the portal exclusively accepts cards through the Kotak Mahindra Gateway, but there are plans to include more Credit Card options soon. Fill Form for […]
In a recent decision, the Patna High Court declared that the pre-deposit for upholding an appeal following Section 107(6)(b) of the CGST/SGST Act can only be made using funds from the Electronic Cash Ledger, not the Electronic Credit Ledger. The division panel, consisting of Justices Madhuresh Prasad and Chakradhari Sharan Singh, concluded that the pre-deposit […]
In the past decade, there’s been a remarkable surge in the country’s startup scene. Despite the setbacks caused by the COVID-19 outbreak and the 2020 lockdown, 2021 marked a revival in growth. Presently, India’s startup landscape initially centred around software, has diversified across industries and locations. This transformation is credited to government initiatives, a skilled […]
Section 16(4) of the Goods and Services Tax (GST) is the attractive provision permitting assessees to avail the ITC lessening the cascading effect that is in the VAT regime which came with the influential catches and setbacks levied in the form of the conditions to be fulfilled transferring the vested ITC nature to a conditional […]
Over the last four and a half years, Gujarat has seen a staggering 515% surge in Goods and Services Tax (GST) evasion. This sharp rise may be attributed to subpar compliance or a heightened detection of counterfeit billing schemes. Parliament was presented with data from the Union finance ministry indicating Gujarat’s reported evasion of Rs […]
The Goods and Services Tax rulings in 2023 were among the important legal decisions that shaped India’s taxation environment. Presenting Five Significant GST Rulings Below are the details of five significant cases related to input tax credit matching, hostel GST rate, registration cancellation, etc. Resolution of Hindustan Unilever’s Input Tax Credit Issues by Rajasthan High […]
