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What are Electronic Cash, Credit, Liability, Negative Liability Ledger

GST Guide of Electronic Cash, Credit, Liability & Negative Liability Register

Towards GST the e-Ledger is an electronic form of passbook. These e-ledgers are present to all kinds of GST registrants upon the GST portal. The e-ledgers includes the information of the mentioned particulars: GST Amount deposited in cash towards the government liability in electronic cash ledger. Input Tax Credit available (ITC) balance in the electronic […]

GST Applicable on Salary, PF and ESI

Telangana AAR: GST Levy on Salary, PF and ESI Paid by Hospital

The Telangana Authority of Advance Ruling (AAR) held that GST is exigible upon EPF, ESI, Salary, or Wages reimbursed via Hospital. The petitioner, Bhagyalakhsmi Devamma Vangimallu who is the owner of Versatile Resource Solutions has entered into a contract with M/s. Asian Institute of Gastroenterology Private Limited, Somajiguda, Hyderabad for furnishing the housekeeping services. According […]

Civil Aviation and Finance Ministry Planning New GST Rules

Central Govt Plans to Ease GST Rules on Re-export Leased Planes

The government is considering easing GST rules for the re-export of leased planes, in what would offer a major boost to airline financials hit hard by the covid-induced turbulence. The ministry of civil aviation and the finance ministry are studying a plan to ensure that carriers do not face any hardship from customs authorities from […]

Madras HC's Order for M/s. HEC India LLP

Madras HC: GST Officers Should Disclose ITC Blocking Reasons

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 […]

Madras HC's Order for GST Refund U/S 54

Madras HC Grants Permission SEZ to Claim GST Refund U/S 54

While permitting the refund of Goods and service tax (GST) towards the special economic zone (SEZ) by the Madras High court, it ruled that any individual can furnish for the refund beneath section 54 of the CGST act. Special economic zone (SEZ) is the applicant and shows the buyings from various suppliers or vendors for […]

Assocham Seeks Industrial Fuel Under GST

Assocham: Govt Should Consider CNG & LPG Under GST for Low-Cost Production

Gandhinagar, Oct 14 (PTI) Assocham seeks from the center to draw industrial use CNG and LPG beneath the compliance of GST so as to make the cost of production low. As these natural gases which are practised as fuel in various industries do not cover beneath GST at the current times, the entrepreneurs shall not […]

What Happen If You Do Not File GSTR 3B within Due Date?

Must-know Ramifications If Not Done GSTR 3B Filing on Time

GSTR 3B is the return that needs to be furnished through the regular GST taxpayers. It consists of the summary information of the outward supplies built and the information of the ITC. The last date for furnishing the GSTR 3B next month is date 20 but the government can prolong the last date. What is […]

Pay GST on E-Procurement Services

Telangana AAR Rules GST Liability on E-Procurement Services

The Telangana Authority of Advance Ruling (AAR) specified that the GST is liable to pay on e-procurement services furnished to the Government. The petitioner, Telangana State Technology Services Limited (TSTSL) Telangana State Public Sector Undertaking and TSTSL is a Service Agency to the Telangana Government and its Departments relating to Information Technology as well as […]

Orissa HC Rule for GST Deposits by Cash Ledger

Orissa HC Favors Cash Ledger for Depositing GST Dispute Appeals

The Orissa high court has notified that deposits needed to be proffered for appealing in a debate under the goods and services tax (GST) has to be refunded via cash ledger only. Professionals say that this could influence that business that has massive input tax credit sprawling unused. The order was notified in a case […]

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