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Search results for: Goods and Services Tax

GST on Reverse Charge Basis on Paid Amount

AAR Gujarat: GST Levy on RCM Amount Over Stamp Tax Reimbursement

Name and address of the applicant M/s. Enpay Transformer Components India Private Limited. Plot No. 112, Alindra , Manjusar GIDC, Savli, Vadodara-391775. GSTIN of the applicant 24AACCE2260M1ZR Date of application 06.07.2018 “Clause(s) of Section 97(2) of CGST / GGST Act, 2017, under which the question(s) raised” “(b) applicability of a notification issued under the provisions […]

12 Percent GST on Services by the Sub-Contractor

Guj AAR: 12% GST Rate for the Work Contract Services from 25 Jan 2018

The Gujarat Authority of Advance Ruling (AAR), last week (on Saturday) ruled that 12% GST shall be applicable on the Service of Work Contract that has been allocated by the sub-contractor effective from January 25, 2018. In the aforesaid case, the applicant Messrs Kunal Structure (India) Pvt. Ltd. got into a contract for the constructing […]

New GST Functionalities

Must-Know Important GST New Functionalities for Taxpayers

The Goods and Service Tax Networks (GSTN) is open for newer functionalities concerning the enrollment, returns, audit, front office, and Webinars Directed for Taxpayers on GST Portal. Latest Update 13th September 2022 07th May 2022 May, 2022 https://tutorial.gst.gov.in/downloads/news/new_functionalities_compilation_may_2022.pdf January-March, 2022 https://tutorial.gst.gov.in/downloads/news/new_functionalities_compilation_jan_mar_2022.pdf December 2021 https://tutorial.gst.gov.in/downloads/news/new_%20functionalities_compilation_december_2021.pdf November 2021 https://tutorial.gst.gov.in/downloads/news/new_functionalities_compilation_november_2021.pdf July-September, 2021 https://tutorial.gst.gov.in/downloads/news/new_functionalities_compilation_july_september_2021.pdf April-June, 2021 https://tutorial.gst.gov.in/downloads/news/newfunctionalities_compilationaprjun2021.pdf New Applications […]

INR 10.71 Trn Indirect Tax Collection in FY 2020-21

GST Exchequer Falls, While Indirect Tax Collection is on Upsurge by 12% for FY21

The Centre’s indirect tax exchequer surged by more than 12 percent to Rs 10.71 trillion in 2020-21 (FY 21) in comparison to Rs 9.54 trillion in the previous year although Goods and Services Tax (GST) exchequer lessened by 8 percent. The Think Tank of the industry attributed the increase in indirect tax revenue to “shoot […]

FTAP Requests to Date Extension in GSTR Filing

Trade Association Demands Date Extension in GSTR Filing Due to Covid-19

The Federation of Trade Associations of Pune urged the Goods and Services Tax officials to ask for a postponement in tax furnishing due to the closing down of the shops as of the covid-19 restrictions. The Federation of Trade Associations of Pune (FTAP) also asks for relief from the average reading charged in the written […]

Do Not Harass Advocates By Circulating GST Notices

Orissa HC Expresses Concern on Harassment of Advocates Due to GST/Service Tax

Recently, The Orissa High Court has directed the Commissioner, GST to give clear instructions to all the tax officers for “no more notices to be sent to practising advocates” for imposing services tax/GST on legal services. The Bench of Chief Justice BP Routray and Justice Dr. S Muralidhar also commented that as per the notification […]

GST Rate for Gift Vouchers

Tamil Nadu AAAR: Now Gift Vouchers Also Taxable as Per GST

When it comes to whether Gift Vouchers are taxable or not, there have always been doubts. Clearing the air about whether gift vouchers are taxable or not, the Tamil Nadu Bench of the Appellate Authority for Advance Ruling (AAAR) held that ‘Gift vouchers’ are taxable and shall come within the domain of Goods and Services […]

Reporting of GST in Tax Audit Till 31st Mar 2022

CBDT Delayed Due Date of Tax Audit Clause 30C & 44 Due to COVID-19

The Central Board of Direct Taxes (CBDT) has once again delayed the “Tax Audit Clause 30C and 44” till the date 31st Mar 2022 due to the pandemic COVID-19. For the fourth time, The CBDT has once again provided an extension to the aforesaid due date for filing Form 3CD. As per the Income Tax […]

New Income Tax Changes in FY 2021-22

Major Changes in Mechanism of Income Tax WEF 1st April 2021

Now, you shall not be paying taxes in the way you used to pay in FY 2021-2022. Noteworthy changes in the Income-tax regime that shall be operative from 1st April 2021 include the following: No requirement of tax filing for senior citizens above 75, Pre-filled IT forms, Tax on interest on PF, Income tax return […]

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