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The Madras High Court bench of Justice C. Saravanan did not permit a refund of the amount relying on the taxpayer’s electronic cash ledger on the basis that there were some accusations with respect to the taxpayer to claim the bogus ITC (Input Tax Credit) in the electronic credit ledger on basis of the fake […]
While hearing a petition under Article 226, the Gujarat High Court ruled that the power provided under GST Rule 86A (2017) to block an electronic credit ledger can be used only if such ledger, which is considered ineligible, have some credit. Justice JB Pardiwala and Justice Nisha M. Thakore observed that “A condition for the […]
Budget showcases the subsequent phase of the tax administration assisted by the digitization and central integration and the state-level framework via IT bridges and elimination of overlapping adherence. But for the GST the Finance minister does not indicate the suggested amendments in the compliance procedure and the technology infrastructure preparedness. Because one reads about the […]
The tax refund will not take place towards the extent of the non-reversal ITC under GST said by the commissioner. The petitioner is the owner of the M/s Stone Craft (India) Pvt Ltd which is a 100% exporter and poses the business of purchasing, processing, and exporting of the natural stone and does not involve […]
Under the GST regime, the coupon discounts furnished via food delivery platforms engaging with Zomato & Swiggy need to face the taxman’s investigation starting from Jan 2022. The problem is about the discounts provided via delivery apps with respect to the specific credit card, debit card, or digital wallet towards doing the payments. People just […]
What is a Tax Filing Software? Tax filing software is an end tool to file the tax data on the official government portal which in turn is necessary to fulfil the compliance as per the government. What are the Different Kinds of Tax Filing Software? Every business requires comprehensive best filing software that would make […]
The Rajasthan High Court in the case of Vinayak Plylam Marketing Vs Superintendent, Central Goods, and Service Tax and Ors. rendered tax authority to immediately unblock the GST ITC claimed inside the electronic credit ledger via applicant since the statutory time limits given in Rule 86A of the CGST Rules, 2017 has passed. Advocate Prakul […]
The Authority of Advance Ruling (AAR) of Gujarat state ruled that the Input Tax Credit (ITC) is not available towards the GST paid on input services of Lease Premium towards which GST has been imposed. The petitioner is the owner of JM chemicals furnished that long term lease premium gets privileged from the tax beneath […]
There are various businesses that furnish discounts, reduced costs, or extended payment cycles to clients in between the covid-19 pandemic who urge the government to define the impact of goods and services tax (GST) upon the amounts. As per the tax experts, the companies who provide the credit notes under GST or credit memorandums that […]
