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As per the provisions of section 54 of the CGST act, no GST refund of the unlisted ITC will be permitted in cases other than the i. Zero-rated supply made without payment of tax; ii. In which the credit has been collected on the basis of the tax rate on the inputs more than the […]
India stands in the fifth year of the Goods and Service Tax regime, while the assessees and CFOs are still facing problems. GST was executed to draw clarity to the system and prevent cascading effects of the taxes and seamless flow of the ITC. One of the biggest problems beneath GST is the process of […]
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 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 Haryana Appellate Authority of Advance Ruling (AAAR) bench comprised of Amit Kumar Aggarwal and Anil Kumar Jain held that the (ITC) is not permissible on demo cars/vehicles. Towards running a training centre for the training of Engineers and Marketing professionals BMW/Appellant has been enrolled in GST at Gurugram as a State-administered taxpayer. They get […]
On the concern of unblocking the ITC, the Delhi government has issued the rules beneath GST on the expiry of one year from the blocking date. The officers have the authority to restrict the ITC beneath Rule 86A of the GST Rules, 2017 which the assessee claims fraudulently. Sub-rule (3) of the articulated Rule prescribes […]
The public is said to take precautions while sharing the Aadhaar and PAN information without any valid reason or towards the financial gains specifying that the details can be misused by the bogus people for GST theft, said CBIC. Central Board of Indirect Taxes and Customs (CBIC) mentioned that the Aadhaar and PAN information would […]
Union Budget 2022-23 is based on digitization along with the simplicity of doing the business. The main focus of the budget is on the amendment in the taxes to respond to the hurdles which are being suffered by the assessee. Since the coming of the GST, there are several indirect tax measures that are presented […]
It came into the concern of the businessmen when Delhi Disaster Management Authority announced to keep private offices shut. While several of them have argued that it is not possible or feasible to work from home in every business. They also explained that it would not possible especially for the small business to work from […]
