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Nirmala Sitharaman, the finance minister, gave the Central Board of Indirect Taxes & Customs (CBIC) instructions on Saturday to undertake to automate the review of GST returns by the following week. Also to execute an action plan to expand the taxpayer base through advanced use of technology. In a review meeting of the CBIC, she […]
The Bombay High Court ruled that the state could not impose the GST on goods and services furnished via intermediaries to its foreign customers. However, while the requirements of the Integrated GST Act have been maintained, experts are unsure whether the Integrated Goods and Services Tax may be applied to these transactions. An intermediary would […]
The Member Secretary/Chairperson of the GST Council has been requested to extend the deadline for opting for the Forward Charge for GTA services. In light of the above-mentioned, it is respectfully submitted that in order to choose the Forward Charge of tax for the Financial Year 2023–24, the Goods Transport Agencies must submit Annexure V, […]
With respect to the GST input tax credit refund claimed on the inputs of electric vehicle manufacturing, the Orissa high court filed a writ petition before it rendered the refund of the balance claim amount. The stated observation was incurred by the Orissa High Court when the writ petition was furnished before it via the […]
The Directorate General of GST Intelligence (DGGI), has sent summonses and notices to approximately a dozen prominent education brokers that provide services to Indian students and help them get admission to international universities. As per the finding of the tax officials, these businesses did not pay goods and services tax (GST) on the services they […]
The tax officials are investigating a section of automobile dealers who have allegedly issued fake invoices without offering any service which is an unlawful action under goods and services tax (GST law). The authorities are going to ask the car dealers to prove that general insurance companies have received their services. According to a business […]
On the GST portal bank account validation is directed to the process where the GST portal verifies the bank account information which is furnished via the taxpayer in the course of registration or updates. For facilitated tax compliance and crediting refunds it is needed to have accurate bank account details. The GST portal bank account […]
The Rajasthan Authority of Advance Ruling (AAR) has held that the 18% GST is liable for the supply of precast manholes using steel and cement. The bench comprising two judges, Umesh Kumar Garg and Mahesh Kumar Gowla has noted that precast manholes and rises are movable property. So, the supply of precast manholes and rises […]
What is GST Section 17? ITC (Input Tax Credit) Apportionment and Blocking of Ineligible GST Credits are covered in Section 17 of the CGST Act, 2017. GST was implemented to prevent cascading taxes and to ensure a consistent flow of input tax credits with the complete supply chain. The primary and foremost strength of the […]
