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It was held by the Jammu and Kashmir and Ladakh High Court that the time limit for GST refund is to be decided from the date the original application is filed by the taxpayer, and not from the date of the follow-up application. The applicant is a garment manufacturer and is been issued a memo […]
To rationalize GST rates the ministerial-level committee has been made that furnishes a relief before the consumers. It is anticipated that the GST rates on distinct medicines, insurance, and tractors shall be reduced to 5% in the next month. At present there is a 12% or 28% GST on tractors as per their classification. The […]
From the initial day of the subsequent financial year- Fiscal Year 2025-26 (FY26) – no new anti-profiteering case shall be registered. The anti-profiteering complaints will be heard by the Principal Bench of the GST Appellate Tribunal (GSTAT) instead of the Competition Commission of India (CCI). GST council suggested to the Central Board of Indirect Taxes […]
The Gujarat High Court has quashed the orders that have authorized the tax demands on the cotton seed oil cakes supply to traders. The applicant, a partnership firm that is involved in extracting the cotton seed oil cakes from the cotton seeds and supplying them to the customer, approached the court post its claim that […]
The Directorate General of GST Intelligence (DGGI) discovered the insurance companies breaching GST rules. Anil Kumar Gupta Principal DG of DGGI, cited that these companies have not been paying GST on services furnished before the employees in SEZ (Special Economic Zone) units. He cited that the same services does not get a GST exemption. It […]
The Central Goods and Services Tax (CGST) Act has introduced a new section 128A, to decrease the tax loads and proposes relief for the assessees towards tax obligations made between July 1, 2017, and March 31, 2020. This amendment permits people with tax obligations to settle their debts without facing extra interest or penalties, as […]
The Patna High Court, the demand order u/s 73(10) of the GST ( Goods and Services Tax ) Act should be issued within 3 years from the filing date of the annual return and not the extended due date. The bench of Chief Justice K. Vinod Chandran and Partha Sarthy carried that the extension given […]
On GST rate rationalization the Group of Ministers (GoM) in its meeting conducted in Goa articulated assistance for diminishing the GST rate on education materials from 12 to 5 per cent relief to a wider portion of the population. The panel arrived to raise the GST rates on textiles and apparel items that cost over […]
GST Network CEO Manish Kumar Sinha said, the design framework for the implementation of GST e-invoicing for retailers is mostly complete and is currently undergoing review by industry specialists. In the B2B sector e-invoicing is already present. Earlier this month GST Council in its meeting wished to extend e-invoice to the B2C sector on a […]
