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The Orissa High Court, in the light of another constructive method available to the petitioner, had declined to remand the issue to the Assessing Officer for reassessment when the assessee had failed to register in the common Goods and Services Tax (GST) Portal within the stipulated statutory time limit. In addition to the failure to […]
A request has been presented before Union Finance Minister, Nirmala Sitharaman by the Gujarat Chamber of Commerce & Industry (GCCI) to dismiss the interest and penalty for Integrated Goods and Services Tax (IGST) levied under notification No. 54/2018 dated October 9, 2018. The GCCI stated that the representations received are from its different member units. […]
Nirmala Sitharaman, the finance minister, gave the Central Board of Indirect Taxes & Customs (CBIC) instructions on Saturday to undertake to automate the review of GST returns by the following week. Also to execute an action plan to expand the taxpayer base through advanced use of technology. In a review meeting of the CBIC, she […]
The Directorate General of GST Intelligence (DGGI), has sent summonses and notices to approximately a dozen prominent education brokers that provide services to Indian students and help them get admission to international universities. As per the finding of the tax officials, these businesses did not pay goods and services tax (GST) on the services they […]
The Rajasthan Authority of Advance Ruling (AAR) has held that the 18% GST is liable for the supply of precast manholes using steel and cement. The bench comprising two judges, Umesh Kumar Garg and Mahesh Kumar Gowla has noted that precast manholes and rises are movable property. So, the supply of precast manholes and rises […]
What is GST Section 17? ITC (Input Tax Credit) Apportionment and Blocking of Ineligible GST Credits are covered in Section 17 of the CGST Act, 2017. GST was implemented to prevent cascading taxes and to ensure a consistent flow of input tax credits with the complete supply chain. The primary and foremost strength of the […]
The GST revenue collection for the month of April 2023 stood the highest ever at Rs 1.87 lakh cr, Rs 19,495 crore which is exceeding the following highest collection of Rs. 1,67,540 lakh crore, in April 2022. In the month of April, the gross GST revenue collected 2023 is Rs 1,87,035 crore where CGST is […]
Export Freight for transportation of goods to a place outside India impact of omitting after and before under section 12(8) and section 13(9) of the IGST Act (Budget 2023-24). Finding the Supplying Place of Services In comparison to the place of supply of goods finding the place of supply of service is harder since the […]
The income tax rates have undergone some noteworthy adjustments this year, according to the Finance Ministry. The income tax slab for FY 2023–24 as well as information on the old and new tax regimes can be found on this page if you’re looking for information on the rates and slabs of income tax that will […]
