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The GST Portal secures a pre-filled GSTR-3B form, which automatically populates the tax obligation from the declared supplies in GSTR-1/GSTR-1A/IFF and the Input Tax Credit (ITC) from GSTR-2B. GSTN is improving the GST return filing process to assist taxpayers in filing their returns precisely and diminish manual errors. Also, the system generates a detailed PDF […]
The Goods and Services Tax Network ( GSTN ) Under Rule 37A of the Central Goods and Services Tax Rules, has introduced a process for the reversal of Goods and Services Tax ( GST ) Input Tax Credit ( ITC ) when the supplier is unable to file the GSTR-3B return within the GST Portal. […]
It was mentioned by the Gujarat High Court that no blocking of the credit in the electronic credit ledger is there if the available balance is not enough. The Division Bench, including Justices Bhargav D. Karia and Niral R. Mehta, was hearing a case where the taxpayer argued that the blocking of Input Tax Credit […]
Tax notices have been issued by the central government for Rs 10,000 crore to the automobile manufacturers for ‘failing to pay the compensation cess’ under the Goods and Services Tax (GST) on utility vehicles. The taxes relate to utility vehicles sold before 2022 and consist of popular models like Mahindra’s Thar and Scorpio, Tata Motors’ […]
The state tax department is preparing to levy the Goods and services tax (GST) on revenue generated through the transport department via the online auction of fancy (VIP) vehicle registration numbers. Also, the department is planning to impose GST on revenue made by the transport department via the license fee assessed through it from driving […]
It was carried by the Kerala High Court that the initiation of an inquiry or the summons issuance u/s 70 of the CGST Act could not be regarded to be the initiation of proceedings for the objective of section 6(2)(b) of the CGST Act. The Bench of Justice Gopinath P. noted that the term ‘initiation […]
It was specified by the Central Board of Indirect Taxes and Customs (CBIC), vide circular no. 234/28/2024-GST dated 11 October 2024 that Goods and Services Tax (GST) is waived on approved flying training courses mandated by the Directorate General of Civil Aviation (DGCA) for the issuance of completion certificates. Various representations for the GST applicability […]
On October 13, 2024, the Goods and Services Tax Network ( GSTN ), vide its advisory issued, notified to allow the registration utility in the GST portal for Tax Deduction at Source ( TDS ) u/s 51 of the GST Act for the scrap dealers. GST Notification 25/2024-Central Tax “The government has issued Notification 25/2024-Central […]
The Central Board of Indirect Taxes and Customs (CBIC), in an update to the penal provisions for the inspection and search operations under the Goods and Services Tax (GST) regime, via Notification No. 20/2024 – Central Tax dated October 08, 2024, has made a vital substitution in form GST INS-01. The same revisions align with […]
