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The Madras High Court in the case of Rekha.S Vs. The Assistant Commissioner suppressed the GST assessment order passed against the dead person. Challenging the impugned order on 01.03.2023 this writ petition has been filed which has been passed by the respondent. The pertinent Council furnishes that beneath such possibilities, GST DRC-01A dated 06.07.2022 and […]
A Parliamentary Panel has urged the Centre to grant GST exemption to imported pharmaceutical products utilized by hospitals or scientific institutions engaged in life-saving medication and treatment research. Adhir Ranjan Chowdhury, a Congress member and the Panel’s Chairman, emphasized that offering incentives to entities like cancer institutes would significantly bolster the development of medicines aimed […]
The Calcutta High Court upheld the constitutionality of Section 16(4) of the Central Goods and Services Tax Act, 2017, emphasizing the importance of adhering to time limits for filing Goods and Services Tax Returns over the legal right to claim Input Tax Credit (ITC). The order in appeal on 04.01.2023 is been contested by the […]
The National Real Estate Development Council (NAREDCO) has proposed to the finance ministry the creation of a second instalment for the Special Window for Affordable and Mid-Income Housing (SWAMIH) fund, allocating Rs 50,000 crore in the forthcoming FY 2024-2025 budget. They’ve also recommended additional budgetary aid and relaxations, such as enabling input tax credit within […]
The Finance Minister’s recent statement has provided insights into the GST rates for stationery items, specifically those commonly used by students, and the tax treatment of online education services. This article seeks to examine the factors influencing the GST rates and explore the possibility of any revisions being contemplated. GST Rates Applicable on Stationery Items […]
The government has revived efforts towards GST rate rationalization, evident in the reformation of the ministerial group within the GST Council. This group, previously tasked with streamlining the intricate tax structure and adjusting its multiple rates, had been dormant following changes in political dynamics. Initially led by former Karnataka CM Basavaraj Bommai, it went inactive […]
The refund of ITC accumulated because of the inverted duty structure to the Indian Oil Corporation Limited (IOCL) is been permitted by the Delhi High Court. The tax rate levied on the inputs excluding LPG which are more compared to the GST rate levied on bottled LPG. ITC has accumulated based on the tax rate […]
GST dues of any state are due after the centre it said and certain state governments still need to submit the AGs authenticated certificate for the release of their funds of share. Union Finance Minister Nirmala Sitharaman while answering the supplementary question in Rajya Sabha remarked the narrative that GST dues are left from the […]
The officers are only permitted to force the assessee to pay the tax if they do not comply with the requisite process, notwithstanding that the same might be apparent that these taxes are left and liable to get paid, Delhi High Court ruled. Justice Vibhu Bakhru and Justice Amit Mahajan highlighted that the statement of […]
