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In the first month of the launch of the service, the assessee generated 4.95 crore GST e-invoices said IT and electronics officials. In October 6.41 crore GST e-way bills Know the details on blocking and unblocking e-way bill feature for non-filers of GST return. Also, we solved general queries through important frequently asked questions were […]
During judgment of a recent case, the Customs Excise and Service Tax Appellate Tribunal (CESTAT), Bangalore has stated that Service Tax Refund paid are not applicable to subsequent GST invoices In a recent announcement, the Finance Ministry has said that no GST invoice will be required for the goods that were taken abroad for exhibitions […]
As per the current analysis, 27 thousand returns and 28,000 crore refund claims were found guilty of being fraudulent. These shocking figures have been revealed by the government saying that several unscrupulous assesses claimed ITC on false invoices At a time when reports of Central Government eyeing RBI Reserves to breathe fresh air to credit-starved […]
The new financial year brings along new rules and regulations like new alterations regarding Aadhar cards, GST, etc but there is no compulsion for fresh invoice number with the beginning of the new financial year. Rule 46 of the CGST Act does not bind any taxpayer to start a new invoice series for the new financial year, and they can continue from where they left by the end of the last financial year.
GST touted as the biggest taxation reform since Independence, it has been nearly 4 months since new indirect taxation regime was implemented across the country.
The Goods and services tax will be absolute in the matter of curbing tax evading practices as the invoice matching mechanism will be a significant tool in ascertaining the transaction details while matching it with the details furnished by the taxpayer.
The Allahabad High Court ruled that it is obvious that the only breach is a technical one wherein the E-Way Bill was not present in the vehicle while quashing the Goods and Services Tax (GST) SCN and Penalty Order for alleged tax evasion. For transporting goods without an E-Way Bill the petitioner’s vehicle was intercepted […]
The Madras High Court in a ruling held that the Advance tax unutilized under the Value Added Tax (VAT) or Tamil Nadu VAT (TNVAT) has been permitted to be transitioned under Section 140 of the Tamil Nadu Goods and Services Tax Act, 2017 (TNGST). A Single bench of Justice C. Saravanan, the language of Section […]
The petitioner via opting to pay the GST at a lower rate by not claiming the ITC on the goods and services used in his supplies has renounced his right to claim for the input tax credit, the Telangana Authority of Advance Ruling (AAR) mentioned. The bench of S.V. Kasi Visweswara Rao and Sahil Inamdar […]
