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A stronger contract enforcement agency is needed for India, a simplified GST compliance, and an easier taxation procedure within the stable policy environment to significantly rectify the ease of processing the business, Sumant Sinha, the newly elected president of Assocham. India’s economy is balanced for sustained high economic evolution in subsequent times, he added while […]
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 […]
The Central Board of Indirect Taxes and Customs (CBIC) is has launched the facility of restoration of cancelled registration within Goods and Services Tax (GST) on its online portal. As that results, many of the taxpayers got alternate whose registrations were cancelled suo motu along the time span of the application for retraction of revocation […]
Chief Minister Basavaraj Bommai ensured the farmer leaders that he will see the need for exemption of the fertilizers, pesticides, drip irrigation material, and agro products from the GST net. Bommai specified that he will write to the center and press for the GST exemption in the interest of the farming community. He was talking […]
The Himachal Pradesh High Court has removed the order of Excise and Taxation commissioner disallowing the portion of GST ITC and rendered the refund of the balance ITC with 6% interest. The applicant is the owner of Pooja Cotspin Limited is an enrolled dealer beneath the Himachal Pradesh value-added tax, 2005. The assessing authority assessed […]
The Karnataka Authority of Advance Ruling ( AAR ) ruled that the transaction value is the taxable value of supply unless cancelled and revealed beneath section 15 Goods and services tax act. The petitioner M/s Pankaj Enterprises is an individual and has no enrolment beneath GST, however, he poses to execute the business as a […]
The Central Board of Indirect Taxes and Customs (CBIC) provides the guidelines of the scrutiny for GST, towards the first two years of the new indirect tax regime, it is a plan to eliminate the chance of leakages and increase the collections. CBIC provides the expressive list of parameters, which recommends that there was another […]
The Calcutta High Court bench of Justice Md. Nizamuddin refused the seize order passed via the GST department on the basis of the opportunity of hearing was not given to the taxpayer. The applicant has challenged the order passed by the Deputy Commissioner of the state tax on the basis that the order was not […]
The Maharashtra legislature passed a bill to furnish for the settlement of the arrears of tax, interest, penalty, or late fee that were subjected to pay beneath acts before the execution of GST. Finance minister Ajit Pawar mentioned that this action will provide an advantage to the small industries, traders, and other dealers who have […]
