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Section 50 of The CGST Act was revised to furnish that there would be no interest obligation on late filing of GSTR-3B to the extent of the balance in The Electronic Credit Ledger, the Courts in the following and other cases ruled that interest was subjected to be paid even after there was balance in […]
Supply of medicines, drugs, and consumables including food to furnish health care services to in-patients being treated in a hospital will be deemed as a composite supply under the GST system. Consequently, no GST shall be levied on it, Karnataka’s Authority for Advance Ruling (KAAR) stated. Spandana Pharma a Bengaluru-based company, went before AAR to […]
A pencil sold together with a sharpener attracts a higher GST compared to a standalone pencil sale, as per the ruling of the Gujarat Authority for Advance Ruling (GAAR). The distinction arises from the classification of the sale of a pencil and sharpener as a ‘mixed supply.’ Businesses engage in either providing goods or services […]
The Madras High Court has nullified the decision to revoke the Goods and Service Tax registration without affording the petitioner an opportunity for a hearing. The court has instructed the respondents to issue a new show cause notice under the law within a three-week timeframe. The petitioner, Mr. V S K Traders & Services, contested […]
Traversing the complexities of GSTR-1 presents a challenge, particularly when encountering Table 8 errors. If you’re wrestling with resolving these errors, take comfort in knowing you’re not alone. But fear not we’re here to support you. Within this extensive guide, we’ll lead you through steps to create a seamless, precise summary. This will empower you […]
In December, the combined GST revenue gathered by central and state governments amounted to ₹1.64 trillion, slightly under the average of ₹1.66 trillion per month for the year. However, this still marked a significant 10.3% increase compared to the previous year’s figures. In December 2022 nearly Rs 1.5 trillion is been collected by the Centre […]
The order cancelling the GST registration of the applicant was passed in breach of the principles of natural justice and is therefore obligated to be set aside, Delhi High Court ruled. The judicial bench comprising Justice Vibhu Bakhru and Justice Amit Mahajan noted that if the petitioner’s GST registration is reinstated, the petitioner would need […]
The Assam GST Department released Instruction No. 13/2023-GST on December 26, 2023. This instruction is about the notices that were sent out using IIT Big Data Software.Notice No. CT/GST-40/2020/108 is about the IIT Big Data Software that the Assam Tax Department has bought to make their work easier. This software can automatically create notices (in […]
Finance Minister Nirmala Sitharaman presented an amendment bill in the Lok Sabha aiming to simplify the establishment of GST appellate tribunals (GSTAT) by altering its members’ appointment terms. While 28 Tribunals Have been Identified for Setup The Central GST (Second Amendment) Bill, 2023, proposes widening the selection criteria for judicial members. It suggests including advocates […]
