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The 50th Goods and Services Tax (GST) Council meeting is in progress today, on July 11th, 2023. Chaired by Union Finance Minister Nirmala Sitharaman, this meeting holds paramount importance in discussing crucial taxation issues. It is important to note that the information shared is reflective of the present circumstances. We will continue to provide you […]
If the applicant furnishes the returns then the Karnataka High Court would allow the Superintendent of Central Tax to issue orders for revocation of the cancellation of the GST registration. The cancellation of GST registration was without due opportunity and was dictatorial seen by the single bench of Justice B. M. Shyam Prasad. The applicant […]
A former Supreme Court judge or a former Chief Justice of a High Court might lead the GST Appellate Tribunal and its system might allow the issue resolution that comprises dues and fines of less than Rs 50 lakh through the single-member bench. In the Lok Sabha, revisions to the laws of GST for enabling […]
The department or Proper Officer has no authority under section 70 of the Goods and Service Tax Act, 2017 to summon of Party to stop all Payments related to GST, ruled by the Andhra Pradesh High Court. Sri Sai Balaji Associates, the applicant contested the notice under Section 70 (1) of GST Act, 2017 furnished […]
The Ministry of Finance is actively reviewing the consideration to provide relaxation in the current GST structure, therefore the hotel and restaurant sector may soon receive GST relief. With the benefit of input tax credits (ITC), the Goods and Services Tax (GST) on the hotel and restaurant sector might be raised from 5 per cent […]
Within the GST council, the establishment of the advisory committee on the state level to specify the subject would have been urged via trade organizations to Chief Minister M.K. Stalin. GST council is liable to edit, resolve, or receive any law as per the concern of goods and services tax in India. The council is […]
The seamless flow of (ITC) is the foundation of a robust Value-Added Tax (VAT) architecture. Let’s suppose goods or services are purchased via company A whether a manufacturer, service provider, or trader, for the purpose of their business, vendors who imposed VAT would be available as a set-off to Company A for the adjustment against […]
Chief Minister Bhagawant Mann and Finance Minister Harpal Singh Cheema received requests for intervention from businessmen because of the show cause notice issued by the SGST (State Goods and Services Tax) dating back to FY 2016-17 and they are anxious about it. Businessmen have appealed to the government to bring into effect the one-time settlement […]
This article will guide how to handle GST litigations in a proper way. The fragmented indirect taxes structure in India has been streamlined with the implementation of the GST. Like any other law relating to taxes, the GST has also been the subject of its fair share of disagreements and litigations. Tax refunds, input tax […]
