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Section 107 of the CGST Act would be the inbuilt procedure and would exclude the application of the limitation act, the Kerala High Court ruled. The act of limitation shall be subjected to be applied merely when the same would get extended to a certain law, the bench of Justice C.S Dias witnessed. The provisions […]
A Goods and Services Tax (GST) portal issue with the GST tech has been submitted by a professional, expecting a resolution. The GST interface doesn’t have a button or option for extending the time limit for giving a response to the GST notice. Experts have essentially urged the Goods and Services Tech (GST Tech) to […]
The Punjab and Haryana High Court rendered that the Goods and Service Tax (GST) Department refund the amount recovered via DRC-03 when a show cause notice (SCN) was furnished. The applicant, M/s Samyak Metals Pvt. Ltd, asking the writ in the nature of mandamus rendering that the GST Department refund the amount, which was recovered […]
E-invoicing has been enabled by the Goods and Services Tax (GST) department and will be required as of August 1, 2023. Taxpayers having an Aggregate Annual Turnover (AATO) of between Rs. 5 crore and Rs. 10 crore are liable for this. The AATO is the total annual turnover of a single legal entity which may […]
On the size of televisions exceeding 32 inches, Television manufacturers are pushing for a reduction in goods and services tax (GST) to 18% from 28% to reduce the surge in the cost of open cell panels – the costliest part of LED TVs – that gets imported from China. There is a rise in prices […]
In an appeal filed before it the Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, has recently, stated that no penalty under section 271 (1) can be levied if the when income submitted via taxpayer in the investigation would have been shown in the regular income tax return filed within the due date. Ahmedabad ITAT witnessed […]
Traders and retailers have praised the Central Board of Indirect Taxes and Customs (CBIC) initiative to find out bogus GST registrations and make offenders pay for the deed. Fake registrations are used to submit invoices for the input tax credit (ITC) even in the cases of not offering delivery of goods or services. The ‘Special […]
The Central Board of Indirect Taxes and Customs (CBIC) has announced Standard Operating Procedure (SOP) in order to scrutinise GST returns for FY 2019-20 onwards via releasing guidelines. Attention is drawn to Instruction No. 02/2022-GST, dated March 22, 2022, which provides a Standard Operating Procedure (SOP) for the scrutiny of returns filed for the fiscal […]
On Wednesday, Sanjay Kumar Agarwal, a member of the CBIC, stated that additional efforts are required to get a solution for fake GST input tax credit (ITC) generators from the system in order to stop tax evasion and boost GST collection. He said that the government has taken a number of measures to deal with […]
