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Kerala High Court in a ruling permitting the petition by M/s Manappuram Finance Ltd has stated that the circular which has been provided by the Central Board of Indirect Taxes and Customs (CBIC), saying that the GST would not be applied for the notice pay obtained via an employee and has a retrospective effect rendered […]
The Authority for Advance Ruling (AAR) Karnataka stated that the GST (Goods and Services Tax) is subject to be applied to the deduction for canteen facility getting from the employees’ salary. The petitioner Federal-Mogul Goetze India Limited was engaged in the manufacturing of automobile parts and had furnished the canteen facility to its employees through […]
Particularly in the rise of medical cases during and post-pandemic, the insurance sector was in demand. Experts see that the 18% GST is higher on health and term insurance and the same must be reduced. Much more people shall take health and term insurance for their medical security if the government cancels the 18% GST […]
The Gujarat High Court specified only e-way bill expiry does not show an intent to evade taxes. The division bench of Justice Sonia Gokani and Justice Mauna M. Bhatt, on the basis of the goods the detention was concerned with the expiration of the GST e-way bill number, which lapses in the transit, the same […]
GST council could take the problem of circular trading in its forthcoming meeting. The council would be anticipated to discuss the report on the decriminalization of crimes beneath the GST statute. Circular trading directed to bogus claims of ITC via traders through providing the invoices with no carrying of the real goods or services. Bombay […]
Chartered accountant Kirti Joshi, former chairman of the Indore Branch of The Institute of Chartered Accountants (ICAI) held, there would be a total of 19 tables in GSTR-9 that would be essential to opt for the proper care during filing. For the case in which the turnover of the dealer would exceed Rs 5 cr, […]
The department would have initiated providing the notices and asking for the details by comparing the information shown in GSTR 9/9C Vs GSTR 3B. Acknowledging distinct amendments in the GST law in the recent former time. The article discusses furnishing transparency on annual returns (Form GSTR 9) filing and reconciliation statement (Form GSTR 9C) including […]
In an order preferring the GST department, the Madhya Pradesh High Court withheld the order noting that the notice for cancellation of GST registration was duly obtained via taxpayer through the mobile phone. The petitioner, M/s Yash Krishi Seva Kendra was dissatisfied with the release of the appeal chosen under GST section 107 issued via […]
Raw cotton traders in the Khammam cotton market are shocked to see that 28 of them obtained GST notices via the department for Rs 33 cr payment of the general sales tax on the cotton they bought through market means in the year 2017-18. Complying notices the traders would cease purchasing the raw cotton from […]
