Search results for: gst

Goods and Service Tax Network has scheduled a webinar (to assist the taxpayer) that will address the topics related to tax liabilities and ITC comparison tool on the GST portal in different languages for effective results and answering common queries of the public. The webinar will be held on 15th July, 18th July, 19th July, […]

Gujrat High Court has recently dictated the Union government, the GST Council, and the Customs authorities about surcharge and cess levy on duties that are paid through scrip-based incentives by the exporters. A bunch of exporters reached the doors of Gujrat High Court challenging the legitimacy of the imposition of tax on cess or social […]

All the Central Goods and Services Tax (CGST) commissioners and State Goods and Services Tax (SGST) commissioners were advised by National Anti-Profiteering Authority (NAA) to ensure that the eligible buyers of flats and apartments are getting the Profiteering Amount and were ordered to submit a report of compliance within 4 months from the receipt date […]

Kerela High Court recently gave a verdict permitting the tax officials to cancel the GST registration of the taxpayers who are guilty of not filing the returns for six back to back months. In the hearing, the petitioner defaulted filing the returns from May 20 onwards. The petitioner is a taxpayer that failed to file […]

There is a possibility of a hike in the rates of certain finished goods with the arrival of the government’s amended duty structure on them as per which finished goods attract lower rates than the raw materials. The amended provisions could affect mobile phones, textiles and a few other goods categories. The government is already […]

Taxpayers can expect a delay in the implementation of the e-invoice under the GST mechanism as the government is intending to postpone the event to 1 July 2020. Discussions for the same will be held in the upcoming 39th GST council meeting As per the sources, the next upcoming 39th GST council meet will discuss […]

Businesses dealing with the levy of around Rs. 46,000 crores as interest on delayed GST payments are expected to get some relief as the GST council is proposing to calculate interest on their net tax liability and with a retrospective effect. Finance Ministry has not yet concluded how much shall be accumulated from the assessee. […]

The High Court of Kerala in a recent hearing has ordered the release of goods and vehicles on the basis of a simple bond. The Order comes into a case of Umiya Enterprise vs. State Tax Officer, the high court did not pronounce the final judgment however it stated that “it is the strong case […]

The new indirect tax, GST (Goods and Services Tax), has been in the economy for more than two and a half years now. It was launched claiming that its implementation will be beneficial for the economy and will bring smoothness in the process of tax payments, but the micro, small and medium scale industries (MSMEs) […]