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The Indian Telecom tower assembly has asked the telecom department along with the finance ministry to include the towers inside the items liable to claim the input tax credit beneath the GST act. T.R.Dua, Director-General, Tower and Infrastructure Providers Association (TAIPA) comments “Currently, the telecom infrastructure providers can not avail of the Input Tax credit […]
The Madhya Pradesh Authority of Advance Ruling (AAR) ruled that no Input Tax Credit (ITC) is possible on demo vehicles open in the business improvement and for the constant performance of the companies The petitioner is the owner of Khatwani Sale and Service LLP is an authorised dealer of KIA for sales & services of […]
Concerning the technical malfunction in the software for providing the show cause notice online to the defaulter, the Allahabad High Court seeks the response of the Central Goods & Services Tax (CGST) authority. Judge Pankaj Bhatia presumed that as per the fault the concerned taxpayer was severed through the show cause notice through e-post excluding […]
The Director-General of GST intelligence (DGGI) provides a show-cause notice to e-commerce company Amazon India to avail of the input tax credit. Rs 175 cr is raised through GST intelligence, as determined from the sources. The investigation through DGGI has found errors in the computation developed by the e-commerce company. As per the sources Amazon […]
In context to the bogus ITC claiming the logistic manager company of Flipkart and online food delivery platform Swiggy Instakart were investigated by Tax council. two of these companies have accepted their guilt. “As a law-abiding company, we are in full compliance with the tax and legal mandates. The survey by the IT officials is […]
A survey is initiated at the offices of Zee Entertainment Enterprises Ltd and Larsen & Toubro (L&T) Ltd. which comes under the tax examination with respect to the 2 organizations by the Directorate General of GST Intelligence (DGGI). A fake input tax credit is found to be filed by the two firms named zee and […]
The harassment of the assessee should not be done by blocking the credit. This is the power of the GST council says Gujarat high court. The court commented that the rules and guidelines are to be followed through the GST council which should be issued by the government in the time of practicing the powers […]
A recent amendment to the Goods & Services Tax Rule 36, which is expected to help curb fake invoicing, has raised a storm of complaints from taxpayers across social media, who believe that the amendment will reduce the amount of Input Tax Credit A complete guide for understanding the basics of input tax credit and […]
There is once again fear has attained out for the traders because of the new Delhi goods and service system (GST) as per section 36(4). There is anger for the same rule among the traders as it is called an anti-trade rule from its start. Due to covid-19 from February to August, it was stopped, […]
