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Providing great relief to property buyers, the Gujarat High Court has ruled stating that the costs associated with land are not subject to Goods and Services Tax (GST). The court clarified that only the expenses involved in construction are taxable. According to the observation of the bench of Justice J.B. Pardiwala and Justice Nisha M. […]
The GST Budgetary Support Scheme could not be interpreted liberally Jammu & Kashmir and Ladakh High Courts stated. The new scheme furnishes some advantages through the method of budgetary support to these units which were allotted excise duty exemption beneath the former tax regime before the incorporation of the GST regime. The support of budgetary […]
What is GST Section 60? The GST regime in India would have drawn crucial revisions through the way the taxation would get progressed. Section 60 of the GST Act permits a taxable person to make a provisional assessment of goods or services if they are unable to ascertain the value or rate of tax applicable. […]
A GST export invoice, which is similar to a tax invoice and records the things being exported as well as the importer’s balance owing, is provided by a supplier of goods or services. When claiming insurance or as evidence of a transaction between the exporter and importer, the export invoice under GST becomes crucial. In […]
The Bombay High Court (HC) chaired by Justice Abhay Ahuja and Justice Nitin Jamdar ordered the Sales tax department to review the Goods and Services Tax (GST) Input Tax Credit (ITC) application for refund. It was also ordered by the High Court to assess the evidence that the petitioner presented along with the invoices and […]
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. […]
A single bench of the Calcutta High Court ordered the respondent Goods and Services Tax Network (GSTN) authorities to submit an affidavit concerning the confusion of updating the Goods and Services Tax Identification Number (GSTIN) of the service applicant in the Goods and Services Tax Portal (GST Portal). The Justice Md. Nizamuddin panel noted that […]
Various businesses are under pressure for the ITC claims as of engagement of large efforts. The revision of the late to the GST law would have been made by the government to tighten the claims of the ITC, via Budget 2023 the recent the has been executed. Modification in GST ITC from Budget 2023 You […]
