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The Central Board of Indirect Tax and Customs (CBIC) declared clarification on the distribution of the Input Tax Credit for the cases of business reorganization like a merger, demerger, amalgamation, change in constitution or change in the ownership of the business mentioned under section 18 (3) of the Central Goods and Services Tax (CGST) Rules […]
In a recent case, Rajasthan High Court rejected the petition filed by Shree Motors, as well as the court also denied transitional credit due to non-attempt to file GST Tran-1. In this case, the petition was filed by Shree Motors and the petitioners had purchased goods before the appointed date, 01.07.2017. The goods were held […]
The High Court of Delhi in a recent petition stated that the Service Tax Audit under Goods and Service Tax (GST) is permissible. The statement or HC come into a petition which was filed by Aargus Global Logistics Pvt. Ltd and it was related to Section 174(2)(e) of the Central Goods and Service Tax (CGST) […]
The Authority for Advance Ruling (AAR) in Tamilnadu announced that electroplating is a type of service. GST at the rate of 18% will be charged on the goods of unregistered assessees and at the rate of 12% for those assessees registered under the GST Act. the same will be applicable from October 2019. The decision […]
National Anti-Profiteering Authority (NAA) fined Baba Ramdev’s Patanjali Ayurved Ltd. a total of INR 75.08 crores for the company’s not transferring the benefits of reduction in the rates of Goods and Services Tax (GST). According to sources, the NAA said that the company increased the price of their washing powder even after the rates of […]
The Kerala High Court cleared that the Authority for Advance Rulings (AAR) can set the place of supply under the GST regime. The AARs were not taking this decision up to now saying that it was beyond their jurisdiction but now after the decision taken by KHC, the AARs are given full authority over it. […]
All the Central Goods and Services Tax (CGST) commissioners and State Goods and Services Tax (SGST) commissioners were advised by National Anti-Profiteering Authority (NAA) to ensure that the eligible buyers of flats and apartments are getting the Profiteering Amount and were ordered to submit a report of compliance within 4 months from the receipt date […]
Businesses dealing with the levy of around Rs. 46,000 crores as interest on delayed GST payments are expected to get some relief as the GST council is proposing to calculate interest on their net tax liability and with a retrospective effect. Finance Ministry has not yet concluded how much shall be accumulated from the assessee. […]
The High Court of Kerala in a recent hearing has ordered the release of goods and vehicles on the basis of a simple bond. The Order comes into a case of Umiya Enterprise vs. State Tax Officer, the high court did not pronounce the final judgment however it stated that “it is the strong case […]
