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The Goods and Services Tax Network (GSTN) has implemented new functionality for the purpose of Discharging Goods and Services Tax liability in relation to GSTR-9C that has a reconciliation statement. How to Use This Functionality To utilise this facility, the taxpayer shall first log in to the web portal of GST Portal and then choose […]
Ahead of the fourth GST Anniversary on July 1, the Industry regulatory body ‘PHD Chamber of Commerce’ has voiced an opinion that the buyer should be permitted to claim credit for taxes even if the supplier has been the defaulter in payment of GST. The PHD Chamber of commerce also said that during a meeting […]
The Goods and Services Tax Network has finally brought the feature of ‘registering complaints regarding misuse of PAN in GST Registration’. Consequently, it shall check the misuse of PAN, grab the fraudsters and assist the officials in conducting an enquiry and further provide input for the making a decision related to the cancellation of the […]
The Haryana Authority of Advanced Ruling, on Monday, ruled that no GST shall be applicable on delivering training to those students who are sponsored by the central or state government. Here in this case the applicant is Messrs Sachdeva College Ltd which is engaged in the domain of providing Education. And interestingly the aforesaid education […]
In a recent judgement delivered by the honourable Gujarat High Court, it is held that the Directorate General of Goods and Services Tax Intelligence (DGGI) holds the power to issue summons considering the provisions of the GST Act, 2017 and the relevant circulars that are issued by the Central Board of Indirect Taxes These types […]
On Wednesday National Anti-Profiteering Authority has requested his tax council to convey the advantage of GST price which gets diminished on things relevant to covid things. It is indeed asked to give priority to the common consumer complaints. Beneath the GST act NAA which is a law, the mechanism is allocated to convey the relief […]
It’s hard to get a single answer to the question. In any Tax administration, the authority to Inspect, Search and Seize are necessary not only to protect the revenue exchequer of the government but also to protect the interest of the genuine taxpayers. The Tax authorities are expected to use these powers since the basic […]
“GST department has held back the export benefit of many companies that have tripartite agreements or three-way contracts.” As per the prevailing law, the export of goods or services does not attract goods and services tax. It is a bitter truth for the government exchequer that many fintech companies having tripartite agreements, “(mostly captive units […]
The Central Board of Indirect Taxes and Customs (CBIC) has issued a clarification about the Applicability of the mechanism of Dynamic Quick Response (QR) Code on Business to Consumer invoice. Latest Update in QR Code Under B2C 6th July 2021: “CBIC tweeted that no fine under section 125 of CGST Law, shall be levied for […]
