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1300 Exporters Claimed False GST ITC

Over 1300 Exporters Claimed Untraceable False GST ITC

The government officials have told that over 1,300 exporters have claimed false GST refunds Get to know about official GST refund process under GST regime as finalized by the GST Council. We have included terms and conditions of all aspects worth Rs. 1,875 Crores from different sources which are untraceable to their business. 7,516 other […]

28 Percent GST Rate

28% GST on Manufacturing of Emulator, Pressure Gauge, Change Over Switch & Timing Advance Processor

The Advance Authority of Ruling (AAR), Gujarat has ruled that the manufacturing of emulator, pressure gauge, change over switch, and timing advance processor will attract a GST (Goods and Services Tax) at 28% rate Grab the information of revised GST slab rates on consumer products in India, Although GST council finalized the slab rates like […]

No ITC on GST Paid for Hiring Vehicles for Employees

No ITC on GST Paid for Transportation Service of Employees: AAR

The Authority for Advance Ruling (AAR) Himachal Pradesh bench released ruling and cleared that input tax credit (ITC) can’t be claimed by companies for GST paid on hiring commercial vehicles for transportation of employees If companies are providing such a service then such a service is not covered under any law. The AAR Himachal Pradesh […]

GSTR 2A - ITC Refund Clarification

GST Circular No. 139/09/2020 Issued on GSTR 2A ITC Refund Clarification

The Central Board of Indirect Tax and Customs (CBIC) issued a clarification of the refund of ITC under form GSTR-2A The CBIC has issued the notification on October 09, 2019 regarding Input tax credit limitation. Now, it is mandatory to upload complete invoices if taxpayers want full credit. Read More. The clarification has been provided […]

ITC on Detachable Sliding and Stackable Glass

AAAR Ruled Applicant Can Avail ITC on Stackable Glass & Detachable Sliding

The Appellate Authority of Advance Ruling (AAAR) in order number KAR/AAAR-17/2019-20 stated that the Applicant can avail input tax credit (ITC) A complete guide for understanding the basics of input tax credit and it calculation with detailed examples under GST (Goods and Services Tax) India. Read More of Good and Service Tax (GST) on the […]

Old IT Regime Vs New IT Regime

Easy Way to Switch New to Old Income Tax Scheme for Taxpayers

If you think you have made a mistake while selecting between the new and old tax regimes, then here is the way to switch back to the scheme you desire. Through the Current Financial year’s Budget, Union Minister Nirmala Sitharaman announced the new tax regime as voluntary compliance. Taxpayers, especially employees, are allowed to choose […]

E-waybill Validity Extend & ITC Deferred

E-way Bill Validity Extend & 10% ITC Deferred Due to COVID-19

The government came up with the conclusion of extending the deadlines for the GST e-way bill validation until 30 April 2020. Amid corona crises due to which the entire market is stagnant, this is a sigh of relief for all the businesses that were struggling with the issues of goods supplies stuck in between the […]

Gujarat HC: Bail on False GST ITC

Bail Allowed in the Cases of Wrongful Claim of GST ITC: Gujarat HC

The Gujarat High Court has granted bail to the applicant in the case of false, higher Input Tax Credit (ITC) claimed by the assessee. The applicant in the case of Amit Chandrakant Shah vs. the State of Gujarat, was granted bail on the precondition that he, Mr. Amit Chandrakant Shah, will not exploit the benefit […]

GST Webinar in Hindi

GSTN Webinar: Demo of GST ITC and Tax Liability Comparison

Goods and Service Tax Network has scheduled a webinar (to assist the taxpayer) that will address the topics related to tax liabilities and ITC comparison tool on the GST portal in different languages for effective results and answering common queries of the public. The webinar will be held on 15th July, 18th July, 19th July, […]

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