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The demand has been quashed by the Madras HC concerning the input tax credit (ITC) mismatch as the department still needs to consider certificates obtained by buyers. The bench of Justice Senthilkumar Ramamoorthy witnessed that important records, like the supplier’s and the chartered accountant’s certificates, were not considered in the issuance of the demand order. […]
The GST regime in India is a faster system with the tax rates within the amendment by the Government. In finding the applicable tax rate for the supplies made at the time of these rate revisions, Section 14 of the Central Goods and Services Tax (CGST) Act, 2017, plays a vital role. This blog facilitates […]
In the case of Kitchen Express Overseas Ltd (GST AAAR Gujarat), M/s Kitchen Express Overseas Ltd (referred to as “the appellant”) submitted an appeal under section 100 of the CGST Act, 2017, and the GGST Act, 2017. This appeal challenged the Advance Ruling No. Guj/GAAR/RJ32/2021, dated July 30, 2021, issued by the Gujarat Authority for […]
AAAR ruled that the Authority for Advance Ruling, Rajasthan had made a mistake in pronouncing the ruling on merits. AAR ruling, Rajasthan on 18.10.2022 has been set aside and the case is remanded back to the AAR to determine the application afresh on merits post acknowledging all the questions secured by the appellant in their […]
For Advance Ruling (AAAR) of Gujarat recently, the GST Appellate authority made a ruling in the matter of Wago Private Limited. The same ruling concentrated on the eligibility of input tax credit (ITC) for expenses made on air conditioning and ventilation systems utilized in the establishment of a new factory. The very ruling furnishes clarity […]
Certain relief to the fertilizer companies is on the cards as the GST council seems to suggest the issuance of the circular for releasing the refunds due to the inverted duty structure and subsidy. After the general elections, the council is anticipated to meet. Inverted Duty Structure (IDS) is directed to a higher duty on […]
Can we show the GST credit note in returns post-30th November of the next fiscal year? The author attempted to examine and think about the same aspect in the said blog. What is a GST Credit Note? A credit note is said to be a very common financial document that has been issued by all […]
Between the head offices and local entities of foreign airline operators from GST, India can waive the supply of services. GST notices have been received from foreign airlines with offices in India over the past few months for not filing the tax on the import of services via Indian entities from their head offices. Under […]
A series of recommendations have been listed by the study via the Institute of Energy Economics and Financial Analysis (IEEFA) and JMK Research for the country to reach its target of 500 gigawatts (GW) of renewable energy capacity by 2030. To reduce the pressure on developers’ balance sheets and raise affordability a decrease in the […]
