Powerd By SAG INFOTECH
Notifications can be turned of anytime from browser settings
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 government has reduced the GST rate on ethanol which is intended towards blending beneath the Ethanol blended petrol (EBP) program to 5% from 18%. Read Also: GST Impact on Petroleum Products in India Beneath the government’s Ethanol Blended Petrol (EBP) Programme, Oil Marketing Companies (OMCs) used to sell petrol blended within the ethanol up […]
The Karnataka Appellate Authority of Advance Ruling (AAAR) held on AAR ruling held that the ‘Landfill-pit is a civil-structure, not plant and machinery, no (ITC) is available. The petitioner is the owner of Mother Earth Environ Tech Pvt. and does the business of solid waste management. They furnish the services towards the treatment, storage, and […]
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 […]
The Madras High Court ordered the GST Authority to permit for furnishing the amended Form TRAN-1 by beginning the GST portal as an advantage of Input Tax Credit (ITC) would not be disappointed on the basis of technicalities. The respondent, M/s.Bharat Electronics Limited had filed a claim for Input Tax / CENVAT Credit via filing […]
GST rates revision which is subjected to apply to the textile industry to rectify the tax anomaly dated 1st Jan and this helps in securing the money used as working of businesses and lessens the compliance load and solves the ITC concerning issues the textiles ministry. GST officials decided to amend the tax anomaly known […]
GST field officers can restrict the tax credit as of now upon the grounds of the sources found and it is apart from the suspicion said CBIC (Central Board of Indirect Taxes and Customs). The sources specified that there could be five situations in which these credits can be restricted via senior tax officers. “These […]
The Goods and Service Tax Networks (GSTN) provides that the advisory for the assessee on Form GSRT-2B in which it specified that the availability of ITC furnished available to the assessee in the afternoon of 14th of every month. Form GSTR-2B is an auto-drafted ITC statement i.e generated towards every assessee up on the grounds […]
The Madras High Court ruled that the GST council must discuss the causes towards blocking Input Tax Credit (ITC) to the assessee. The applicant is the owner of HEC India LLP urging the respondents to allow the applicant to debit a sum of Rs 47,30,457 through its electronic credit ledger displayed in the ledger. The […]
