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Free supplies of goods and services have been frequently used by the businesses to promote their products in the market. The situation arises when the receiver/ buyer tries to obtain good quality material at a bargained price in the market.
In GST model Law separate provisions have been prescribed to determine the time of supply of goods and services. Liability for GST will arise only at time earliest of occurrence of events of supply, which will be determined as under-
The Madhya Pradesh High Court carried that Goods and Services Tax (GST) authorities cannot invoke penal provisions of the Indian Penal Code (IPC) when the alleged offence comes within the GST Act [Deepak Singhal v. Union of India and Others]. A Bench of Justices SA Dharmadhikari and DV Ramana quashed criminal proceedings initiated against a […]
The Madras High Court in the matter of Tvl. Norton Granites & Properties Private Ltd. v. Assistant Commissioner (ST), dismissed the petitioner’s claim for a GST refund. The petitioner, Tvl. Norton Granites is involved in the KG Foundation for construction services and levied a GST of 18%. The applicant assuming the applicable GST rate was […]
The article outlines the penalties for not obtaining a new GST registration number within the specified time frame. The business is mandated to follow the Goods and Services Tax (GST) involved in the particular forms of trade and supply or surpass the established turnover limit in India. The organization needs to get the new GST […]
Acknowledging the hardship being faced by the exporters as of restriction concerning the refund on exports, the 54th GST Council Meeting as a trade facilitation measure, recommended omission of Rule 96(10), rule 89(4A) & rule 89(4B) from CGST Rules, 2017 prospectively, where the advantage of the specified concessional/ exemption notifications is taken on the inputs. […]
The West Bengal Bench of Authority for Advance Ruling (AAR), GST cannot be imposed on Comprehensive Water Supply Planning Services. In this case, the petitioner is Shyama Chatterjee, who has the business under the name Setech India. The petitioner had been granted contracts from various local bodies/municipalities to conduct design, surveys, estimate, sketch, and prepare […]
The Madras High Court in a ruling condoned the delay in GSTR-3B filing via the applicant, directing the amendment to section 62(2) of the Goods and Services Tax (GST) Act. Therefore the issued assessment order u/s 62(1) has been withdrawn by the court. The applicant, Helmet House filed the GSTR-1 return dated 25th March 2023, […]
A GST panel that has the state and centre revenue official called the Fitment Committee, has ruled that the decision to levy an 18% GST on the electric vehicles (EVs) charging at public charging stations, denying the exemption calls. Industry urges towards the dual nature of the EV charging process- access to electricity and ancillary […]
