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Search results for: Goods and Services Tax

Verify Aadhaar e-KYC Documents GST portal

GST Portal Permits Aadhaar Authentication or Uploading e-KYC Documents

The Goods and Service Tax Network (GSTN) has enabled the option to authenticate the e-KYC or upload Aadhaar Card documents on the GST Portal This informational GSTN portal keeps each and every data that provides the helpful guide about services, registration process, tutorials, GST practitioner guide, payment guide, challan creation and much more” of Partner/ […]

No Proper Explanation on CSR Over ITC Eligibility

Multiple AAR Decisions on CSR Confusing Firms for Getting GST ITC

Beneath the goods and services tax (GST) regime the Contradictory corporate social responsibility (CSR) judgments by the Authorities for Advance Ruling (AARs), have made confusion inside the private players who had been not happy with the laws. In recent times the Uttar Pradesh AAR ruled that CSR has to spend through the firms is liable […]

Can't Say GST Regime Citizen-friendly

SC Criticizes GST, Calls Attachment of Property as ‘Draconian’

The Supreme Court, severely criticized the way GST has been implemented (enforced) to date and called it no longer existing as a citizen-friendly act (as it was intended in the beginning). Further, the government emphasised that officers must try to seek a balance between shielding government revenue and permitting genuine business organisations to operate. Justice […]

GST Liability for Parking Fees from Staff

UP AAAR: Parking Fees at Workplace Attract GST, But at Nil Cost

Interestingly, It has been held by The UP bench of the Appellate Authority of Advance Rulings (AAAR) that though the parking fee paid by employees to the employer at the workplace is subject to GST as it comes within the domain of ‘supply of service’. However; subsequently, it put limitations to its statement. The reason […]

Bombay HC Cancelled Provisional Attachment Order

GST: Bombay HC Reverses Provisional Order for Attaching Bank Account

The petitioner, in this case, is Praful Nanji Satra. He had, before CORONA Pandemic, rented out commercial premises on a license basis and received licence fees (from licensee). Petitioner is duly registered with the GST Department and It is the obligation of the petitioner to pay GST on the aforesaid license fees. However, the respondent […]

All-time High GST Collection in March 2021

Gigantic & Historical INR 1.24 Trillion GST Collection in March 2021

The government exchequer collected from Goods and Services Tax (GST) has been on the peak/pinnacle since its journey started in July 2017 across the entire nation. The revenue collection from GST was a whopping Rs 1.24 trillion in a single month of March 2021 — a historical and a mammoth figure in the history of […]

New Challenges for MSMEs Due to E-invoicing

FISME: More Challenges Yet to Come for MSMEs Due to GST E-Invoicing

The simplicity of implementing the business for MSMEs: it will not affect the businesses whose turnover is Rs 50 cr to generate the e-invoices however towards the micro and small businesses who do not invest in technology and do not have the digital systems, as per the President, Federation of Indian Micro and Small & […]

30k CR to States as GST Compensation

Govt Allots INR 30k CR to States as GST Compensation for FY21

The central government has declared to allocate Rs 30,000 crore as GST compensation to states for the financial year FY 21, the finance ministry said yesterday. Interestingly, last week while giving a reply in the budget session, Finance Minister Nirmala Sitaraman had acknowledged in the Rajya Sabha that for the month of March 2021, States […]

Govt GST Collection Target for FY22

Half GST Collection in FY 2020-21; Center Marks New Target for FY22

The covid-19 pandemic has given a setback to the goods and services tax (GST) collections through India so far, the fiscal year obtaining lower than half of the revised full-year target. The central government has obtained only 47% of the amended full-year target of Rs 6.90 lakh crore GST collections. It is to note down […]

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