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The Delhi High Court has recently made a ruling. The case is related to the Goods and Services Tax (GST). The Delhi High court bench is headed by Justices Vibhu Bakhru and Amit Mahajan. That a person is not obligated to pay any penalty when their GSTIN registration was cancelled. And this started from the […]
In 2017, the GST which is a destination-based consumption tax was incorporated. As per the GST framework, particularly for the businesses that are involved in the exports and supplying the Special Economic Zones (SEZs), the concept of zero-rated supply poses influential importance. The provision of goods or services that are either exported or provided to […]
The Madras High Court stated that it cannot expect certain conditions to fall under the Goods and Services Tax Law. Particularly, what to expect if the input tax credit to the buyer is disapproved by the government for the reason that the GST has not been paid by the seller but then recovers the tax […]
A division bench of the High court of Tripura has set aside the levied penalty for the expiry of the GST e-way bills and sees that it would have lapsed in transit, and the taxpayer could not renew the same with the competent head. The applicant contested, the vehicles that carry the goods of the […]
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 […]
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 […]
The Goods and Services Tax Network (GSTN) furnished an advisory for the assessee wishing to enrol as a ‘One Person Company’ under the Goods and Services Tax (GST) regime. The advisory on 21/03/2023 mentioned that, “As per provision of section 2(62) of The Companies Act, 2013 “One Person Company” is described as a company that […]
‘E-Invoice Voluntary Enablement’ has been enabled by The Goods and Services Tax (GST) E-invoice system for the financial year 2022-23. Using the e-invoice system, individuals who are GST registered can upload all B2B invoices to the Invoice Registration Portal (IRP). IRP generates an individual’s Invoice Reference Number (IRN), digitally signed e-invoice, and QR code. The […]
