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The Central Board of Indirect Taxes and Customs (CBIC) has circulated the ‘advisory’ regarding the implementation/execution of PMT-03 for re-crediting the Input Tax Credit (ITC) that has been approved as a refund. The Board has Highlighted the following Notification: “Notice bearing number16/2020-Central Tax dated March 23, 2020, through which sub-rule4 A has been added in […]
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 […]
As per the ruling of West Bengal’s Authority for Advance Ruling (AAR), selling and serving eatables within the office premises is not subject to the benefit of Input Tax Credit (ITC). However, selling eatables and sweets within the office premises for consumption outside office premises is subject to the benefit of Input Tax Credit (ITC). […]
The Comptroller and Auditor General of India (CAG) has reported technical glitches in the entire mechanism of Goods and Services Tax (GST) even after 3 years of its implementation and further advised computerisation of legal processes and legal procedures in addition to fixing the roll-out plan of a simplified GST regime. Starting from the legal […]
Input tax credit (ITC) benefit stated by the Madras High Court cannot be denied even if the column is mistakenly filled The applicant is the owner of Ram Auto and is a dealer in two-wheelers. He was enrolled under the taxpayer beneath Tamil Nadu Value Added Tax Act, 2006. The applicant held ITC to raise […]
Gujarat High Court ordered to unblock the Input Tax Credit (ITC) available in the credit ledger account. This order came up in the case where Nipun Bhagat along with a writ applicant challenged the action in which the defendant authority has blocked ITC by using the power under Rule 86A The harassment of the assessee […]
The Indian Telecom tower assembly has asked the telecom department along with the finance ministry to include the towers inside the items liable to claim the input tax credit beneath the GST act. T.R.Dua, Director-General, Tower and Infrastructure Providers Association (TAIPA) comments “Currently, the telecom infrastructure providers can not avail of the Input Tax credit […]
New changes and some additions have been implemented inside the goods and services tax plan through the 14th GST amendment rules 2020. The article concentrates on the important rule inserted with respect to the input tax credit which has effected from 1/01/2021. A new rule has been inserted in 86B which reveals that the division […]
The Madhya Pradesh Authority of Advance Ruling (AAR) ruled that no Input Tax Credit (ITC) is possible on demo vehicles open in the business improvement and for the constant performance of the companies The petitioner is the owner of Khatwani Sale and Service LLP is an authorised dealer of KIA for sales & services of […]
