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The message about ‘economic activity during lockdown’ is clear. Tax exchequer is in direct proportion to the volume of economic activity undertaken in a particular period of time. Things are worse than the previous month but better than the lockdown of the first Corona Pandemic in the same month of 2020. The restrictions that have […]
The GST council, in a recent meeting, has put a clarification on the grey area that annuity paid for ‘service provided in the form of access to a road or a bridge shall be exempted from GST. In India and most of the developing economies across the globe, Road construction projects are operated by the […]
This phenomenon is a sensitive and burning issue in the GST since its inception and implementation in the year 2017 “Whether the recipient are required to reverse their Input Tax Credit (ITC) due to mismatch of 2A or due to non-submission of GSTR 1 or GSTR 3B by supplier” As per Section 16 (2)(c) of […]
The Government of India, on Monday, declared that the deadline for filing monthly GST sales returns for the month of May has been extended by 15 days to June 26. In the 43rd meeting of GST council Smt @nsitharaman will chair the 43rd GST Council meeting via video conferencing at 11 AM in New Delhi […]
Inside the rules of relaxations consisting of late fee reductions, and extended last dates for furnishing the return, shall assist the assessee’s who has affected from the 2nd wave of covid-19. The department on Friday stated that an amnesty policy beneath which the returns of the previous tax periods from July 2017 till April 2021 […]
Case Name Vandna Pharma Industries Vs Commissioner of Goods and Service Tax (Delhi High Court) Appeal Number W.P.(C) No. 5228/2021 Date of Judgement/Order : 07/05/2021 In this writ petition, the petitioner has asserted that its application for the refund of tax credit Get to know about official GST refund process under GST regime as finalized […]
An NCR-based firm that imported oxygen cylinders & regulators from abroad and thereafter donated them to the Delhi Government has challenged the Centre’s decision of excluding the aforesaid imports from the Adhoc GST exemption that is meant for COVID-19 relief material. Delhi HC Shall Hear the Writ Petition on Thursday Against The Finance Ministry of […]
The Maharashtra AAR on May 24 held that the activities of the liaison office of supplying services as an intermediary that connects Indian Business with Dubai Head Office falls within the purview of commercial activities and consequently subject to GST. The implications for the aforesaid ruling are that the above-mentioned entity shall have to register […]
Yet another setback to one of the Corporate Giant Coca-Cola, India who tries to play tricky games with tax authorities due to the influence they have in the society. The writ of Hindustan Coca-Cola Beverages Private Limited (HCCBPL), a subsidiary of Coca-Cola India that challenged the show-cause notice issued to it by GST authorities relating […]
