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Search results for: electronic credit ledger

Recent High Court Cases Regarding Belated GST Return Filing

An Analysis of Court Cases on Belated GST Return Filing

The Indian government enacted the Goods and Services Tax Act on March 29, 2017, which took effect on July 1 of the same year. This act stands as the singular domestic indirect tax law applicable across the country, known as the Goods and Services Tax (GST). GST is a comprehensive tax imposed on both goods […]

Delhi HC's Order for M/s. Indian Herbal Store Pvt. Ltd

Delhi HC: Modification to GST Rule 89(4)(c) is Not Retroactive, Which Caps “Export Turnover” and Restricts Refunds

The Honorable Delhi High Court, in the matter of M/s. Indian Herbal Store Pvt. Ltd. vs. Union of India [W.P.(C) 9908/2021 and W.P.(C) 9912/2021 dated September 15, 2023], granted the writ petition and ruled that Rule 89(4)(C) of the Central Goods and Services Rules, 2017 (“the CGST Rules”) should not be applied retrospectively. The Honorable […]

E-commerce-Based Bus Service Gets GST Exemption U/S 9(5)

52nd Council Gives Big Relief to Bus Operators Under GST Section 9(5)

The bus operators conducted as the companies providing via e-com portals are not included in Section 9(5) of the Central Goods and Service Tax Act, 2017, witnessed in the 52nd GST council meeting. Starting from January 1, 2022, the responsibility for paying GST on bus transportation services provided through Electronic Commerce Operators (ECOs) has been […]

All-new GST Ledger for Tracking the Reversal and Reclamation of ITC

How Does ECRRS Work for GST ITC Reversal & Reclaim Tracking

To simplify and improve transparency in India’s taxation system, the Goods and Services Tax Network (GSTN) has introduced a new ledger called the Electronic Credit Reversal and Reclaimed Statement (ECRRS). This ledger allows taxpayers to easily track the reversal and reclamation of Input Tax Credit (ITC) on a specific date. This change is in response […]

All About New GST DRC-01C Form

GST DRC-01C Form for ITC Difference in GSTR 2B and 3B

On August 4, 2023, the Central Government vide notification no. 38/2023 has told the Central Goods and Services Tax (CGST), the rules of 2023. Certain rules would have been revised and also inserted new ones. A new rule 88D would have been inserted into the CGST rules through the same revision which describes the way […]

Brief Summary of GST Litigation with Main Reasons

Simplify GST Litigation with Reasons & Action by Officials

On the supply of goods and services in India, GST would be the complete indirect tax that would get charged. The Goods and Services Tax (GST) has been in place for more than five years, but the GST litigation is still in its infancy. It is anticipated that as time quickly passes, more and more […]

Calcutta HC’s Order for Prabhu Dayal Jajoo

Calcutta HC Reverses Order U/S 74 as GST Notice Uploaded in Other Portal

The Calcutta High Court overruled the order under Section 74 of the West Bengal Goods and Services Tax (WB GST) Act, 2017. The order was passed on the GST show cause notice which was uploaded by the department in a different portal not concerning to the assessee. The appeal opposing the order passed in the […]

Interest Calculation Under GST on Delayed Payment

Interest Calculation on Delayed GST Payment U/S 50(1)

Finance Bill 2019-20 revises the Central Goods and Services Tax (CGST) Act with retrospective effect by inserting a new proviso in section 50(1) to compute the interest on late GST payments. Due to this amendment, there is now an arbitrary and illegal distinction between the balance in the electronic credit register (ECrR) due on cash […]

Payment Process via PMT-06 Challan Using Gen GST Software

How to Make Payment by PMT-06 Challan Using Gen GST Software

Summary of GST PMT-06 Challan Form A single challan called Form GST PMT-06 is used to pay interest, taxes and penalties. This challan can be created online through the GSTN official portal, where you can also make payments and get immediate receipts. If you are registered for the QRMP scheme, you must use this challan […]

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