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The decision of the Goods and Services Tax (GST) Council to charge an 18% tax on the resale of used electric vehicles (EVs) has made confusion. The explanation Finance Minister Nirmala Sitharaman who directed a tax on the margin value of resales has recommended that individuals selling their used cars shall be obligated to tax. […]
Harmonizing State and Central GST Regulations The Maharashtra Legislative Council passed the Maharashtra Goods and Services Tax (Amendment) Bill on December 19, 2024, following its approval in the state assembly. While presenting the bill, Deputy Chief Minister Ajit Pawar emphasized the need for uniformity between state and central GST policies, supporting the “One Nation, One […]
Mobile/ telecommunication towers are movable properties, eligible for taking input tax credit under the Central Goods and Services Tax Act, 2017, the Delhi High Court ruled. A division bench of Justices Yashwant Varma and Girish Kathpalia carried that the telecom towers do not come under Section 17(5) of the CGST Act which sets out distinct […]
The Apex court putting to rest a 15-year-old dispute carried that coconut oil in small packages can be categorized as edible oil, and will, thus, draw lower taxes compared to non-edible ones. The Supreme Court said that if the coconut oil is packaged in small bottles and labelled for use on hair then it shall […]
It was carried by the Andhra Pradesh High Court that badam-flavoured milk is not counted as a beverage however it is categorized under a particular entry as milk. The case shows another categorization issue under the goods and services tax (GST) regime that reached the courts and baffled both the dairy industry along the assessees. […]
Rules specifying the ‘time and manner’ for claiming transitional credit, in addition to the statutory process furnished u/s 140 of the Central Goods and Services Tax Act 2017, are mandatory, the Rajasthan High Court said. A division bench of Chief Justice Manindra Mohan Shrivastava and Justice Munnuri Laxman held that the prescriptions under section 117 of […]
It was held by the Jharkhand High Court that the Goods and Services Tax ( GST) Input Tax Credit ( ITC ) is permissible even on the late filing of the Goods and Services Return GSTR-3B for the FY 2017-18 while asking for a Refund of Penalty & Interest to the petitioner. M/s. Ram Constructions, […]
It was carried by the Madhya Pradesh High Court that the GST department may not unfairly prejudice the taxpayer via disallowing the Input tax credit (ITC) quoting the late returns post already imposing late fees for the belated Goods and Services Tax (GST) Returns filing. The Madhya Pradesh High Court recently made a ruling on […]
It was carried by the Allahabad High Court that the taxpayer could not file for the supply of requisite documents post adjudicating body accepted the appeal placed via them and furnished the notice as per that. The same would be impermissible, certainly in a case where a statutory appeal was available to the filing party, […]
