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The Haryana government has opted to revise the guidelines as well as software to make people avoid claiming the undue GST input tax credit (ITC) upon the grounds of the bills made excluding any real movement of goods. The state’s revenue loss in the recent scam of GST in Panipat district is more than Rs […]
Form GSTR-4A is said to be the auto-drafted and read-only form towards the composition assessee, auto-generated as per the information which is saved or furnished Form GSTR-1 and 5 and furnished Form GSTR-7 of the deductors in which the composition assessee is the recipient. The composition assessee had not taken any action for Form GSTR-4A. […]
Rule-59(6) Implementation on GST Portal On 1st January 2021 Rule-59(6) of CGST Rules, 2017 has been embedded vide Notification No. 1/2021, which gives for limitation in the filing of GSTR-1 in a specific case: Below section 37 in FORM GSTR-1, if the person has not filed the return in FORM GSTR-3B for the past two […]
Recently the Delhi government promoted the Medical Oxygen Production Promotion Policy 2021 and said that they will be offering 100% reimbursement of GST which would, in turn, increase oxygen production. This promotion would help new enterprises to manufacture the oxygen or expand the current running oxygen suppliers to create a healthy stock of oxygen in […]
The authority for advance rulings (AAR), Maharashtra has recently ruled out that the services to the World Economic Forum (WEF) by the liaison office (LO) from India will not be attracting GST as there is no furtherance of service or business of this service. WEF office of liaison is a non-profit organization to shift Indan […]
The taxpayers claim the ITC and apart from that the liability also is declared and this is a comparison between the GST liability and the ITC. The taxpayers can have a look over the ITC comparison and the tax liability in the returns tab which gives the option to have knowledge of the month-wise tax […]
The government used to provide the notifications for the information to furnish the yearly return in Form GSTR-9 and the settlement statement in Form GSTR-9C for FY 2020-21. So as to diminish the burden on the small assessee the government on 30/07/2021 has provided Central Tax GST Notification No. 29/2021, 30/2021 and 31/2021. From these […]
As per the latest AAR ruling, the GST on the canteen facilities will not be recovered from the employees and the amount will be free of GST charged on the canteen item. As per the Gujarat AAR, Tata motors recently asked to resolve an issue over the GST applicability on the canteen facility it has […]
The charge of the Jammu and Kashmir Union Territory reveals that the policy for the concession of the state goods and services tax (SGST) for implementing agencies who are engaged in the development of the power projects for over 3000 megawatts (MWs) in Chenab valley. The finance department of Jammu and Kashmir UT has held […]
