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The GST law execution in India would have been started through the narrative of national ambition and that of a global exception. To ease the whole GST framework for India Inc the government is enduring a lot via revising the reporting method to make the GST a Good and simple tax for exclusively non-compliant assessees […]
Central Board of Indirect Taxes and Customs (CBIC) has postponed the due date to avail the ITC for FY22 from October 20 to November 30, the same is decided towards the relief of the Goods and Services assessees during the festival season. The last date to provide the credit notes along with the declaration in […]
Myntra is facing a setback, the Karnataka Authority of Advance Ruling (AAR) said that input tax credit (ITC) does not be claimed on the vouchers and subscription packages procured from third-party vendors. The petitioner, Myntra an Indian fashion e-commerce firm that owns the e-commerce portal. The petitioner does have the business of selling fashion and […]
The Rajasthan Assembly on Thursday issued the Rajasthan Goods and Services Tax (Amendment) Bill, 2022, that asks for the registration of the companies shall not get cancelled despite the same losses to furnish the return for 6 months. Indeed the system to provide the credit notes would get started. Education minister BD Kalla has launched […]
Under Section 54(1) of the CGST Act, it is mentioned that the amount credited in the TDS form is qualified to get a refund for the applicant. Since the excess amount was present in the electronic cash ledger the applicant has furnished 3 separate applications for the repayment of excess credit inside the electronic cash […]
The Apex court admitted that the petition furnished by the GST department with respect to the order of the Odisha High court in which the High court ruled that ITC would be available for the paid GST during the construction of the immovable property for the purpose of rent. The applicant, M/s Safari Retreats Pvt […]
Revision of Table 4(B) & (D) of form GSTR 3B vide notification number 14/2022 and clarification given concerning reporting of the identical vide Circular 170/02/2022, the assessees obligated to visit again their way of recording ITC in their books to ensure true reporting according to the revised form GSTR 3B. Below is our update we […]
Finance Ministry before the Supreme Court, timeline extension to open a special window for filing transitional credit claims by 30 days, as it feels GSTN has limited time to perform the amendments in the portal to ease filing. The IT support of GST, GSTN functions as a portal for furnishing the returns, incurred to claim […]
The Comptroller and Auditor General (CAG) suggested that the indirect tax department must finish the verification of the transitional credit permitted beneath the process of GST. Since it is the GST transition part that was incorporated from 1st July 2017, assessees were permitted to furnish the GST Form TRAN-1 and claim for the tax credit […]
