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Through the common GST portal, the (Goods and Services Tax Network) GSTN issued Advisory No. 601 on August 31, 2023, concerning the introduction of an Electronic Credit Reversal and Re-claimed statement. The government has released the notification about the changes to form GSTR-3B, specifically Table 4, to ensure accurate reporting of Input Tax Credit (ITC) […]
GST Revenues from domestic transactions (including import of services) are 14% higher Year-on-Year Rs 1,59,069 crore is the collected gross GST revenue for the month of August 2023 out of which CGST is Rs 28,328 crore, SGST is Rs 35,794 crore, IGST is Rs 83,251 crore (containing Rs 43,550 crore collected on goods import) and […]
The Appellate Authority for Advance Ruling (AAAR), Uttar Pradesh branch has affirmed that the training provided to commercial pilots to acquire Aircraft Type Ratings (ATRs) is not considered a “qualification” but rather is considered just a “Course Completion”, therefore it is ineligible for Goods and Services Tax (GST) exemption. This decision was taken when an […]
The Hon’ble Allahabad High Court in RAVINDER NATH SHARMA@ RAVUBDER SHARMA VERSUS UNION OF INDIA – 2023 (7) TMI 626 – ALLAHABAD HIGH COURT gave the bail to the taxpayer acknowledging certain conditions and carried that the arrest was made without no proper justifiable reasons and no GST recovery notice was issued. Points: Ravinder Nath […]
The country after attaining the target of 10% ethanol blending is now focusing on achieving a 20% blending by 2025-26. Industry stakeholders emphasize the significance of implementing measures such as equalizing GST rates to encourage the adoption of Flex Fuel Vehicles (FFVs), recognizing their crucial role in achieving this objective. Currently, FFVs face a GST […]
The Goods and Services Tax Network has published a helpful advisory for GST-registered applicants marked for Biometric Aadhaar Authentication on August 28, 2023. According to an amendment to Rule 8 of the CGST Rules, applicants who choose to authenticate their Aadhaar numbers and were identified on the common portal would be scheduled for biometric Aadhaar […]
Given that GSTAT has not been established, the Himachal Pradesh High Court has halted the service tax cum-divisional commissioner’s decision. According to the bench of Justice Sandeep Sharma, the petitioner had no choice but to turn to the High Court through a petition filed under Article 227 of the Indian Constitution, which otherwise gives the […]
The Supreme Court, after hearing the case of M/s. Safari Retreats Pvt. Ltd. & Ors. on 23rd August 2023 at 2:00 PM decided the next hearing before the bench of two members, Justice Abhay S. Oka and Justice Sanjay Karol. In the next hearing, the Supreme Court will regulate the Goods and Services Tax (GST) […]
The Goods and Services Tax Network (GSTN) has begun looking for a consultancy company to prepare the bid document for the selection of a new service provider and a roadmap for upgrading the system capacity to the next level of GST 2.0 as Infosys’ contract to provide technology support for GST expires in September 2024. […]
