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The Madras High Court has ruled that mistakes are not done deliberately or with any intention. The modification, as a matter of fact, would allow relevant reporting of the ITC and turnover. This will permit the claims to be presented accurately by the applicant. The single bench of Justice Anita Sumanth has learned that the […]
The transfer or sale of one of the independently running business divisions draws an 18% GST, Karnataka Authority for Advance Ruling (AAR) retained. The transaction of transfer or sale of one of the independents who is administrating the business divisions as a whole, the two-member bench of M.P. Ravi Prasad and Kiran T. Reddy witnessed […]
The allegations of claiming the bogus credit could not be the basis for refusing the applications for the refund held by the Delhi High court until the same would be accomplished that the applicant does not obtain the goods or paid for them. The applicant is qualified for the GST ITC refund on the goods […]
The Goods and Services Tax Network (GSTN) furnished an advisory for the assessee wishing to enrol as a ‘One Person Company’ under the Goods and Services Tax (GST) regime. The advisory on 21/03/2023 mentioned that, “As per provision of section 2(62) of The Companies Act, 2013 “One Person Company” is described as a company that […]
28% GST is subjected to be paid on the supply of PVC floor mats for cars, the Gujarat Authority for Advance Ruling (AAR) ruled. The floor mats used for four-wheel motor vehicles (cars) supplied via the petitioner are principally for use in motor vehicles, the two-member bench of Amit Kumar Mishra and Milind Kavatkar witnessed. […]
The Haryana government has changed the State Goods and Services Tax (GST) Regulations through a notification, allowing Joint Commissioners of State Tax to hear GST Appeals. The notification states that-: Resulting in the creation of the posts of Joint Commissioner of State Tax (Appeals) at Gurugram and Hisar by the Haryana Governor, the former orders […]
The Goods and Service Tax (GST) is not applicable for consideration paid on sales of property plots, according to a recent ruling by the Karnataka Appellate Authority for Advance Ruling (AAAR) under GST. In order to convert her three acres of property from agricultural to residential use, applicant Rabiya Kanum formed a small plot and […]
The trader was detained by the Central Goods and Service Tax (CGST) Commissionerate of Coimbatore officers for issuing invoices without the supply of goods under GST in order to evade taxes for more than 5 crores. However, sources claim that the total tax evasion amounts to Rs. 10.42 crores, and the investigation is still ongoing […]
The amount of GST collected in India for the month of February increased 12% year on year to Rs 1.49 lakh crore. According to an official statement from the finance ministry, at Rs 11,931 crore, the cess collected by the centre last month was the highest since the introduction of the GST. From the total […]
