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Under the GST act, an assessee would need to reverse the ITC that was claimed by 30th November for the case when his supplier could not deposit the dues the taxes via 30th September. PAN-linked mobile along with the email could be used with biometric authentication or GST Registration. The Central Board of Indirect Taxes […]
The GST law would pose the major purpose of the tax which is to get collected merely on the value-added. A method is there in India via which the tax suffered at the before time would be permitted to get lessened from the tax subjected to get paid on the supplies. The same prevents the […]
The traders, particularly those who function on a low scale, would seek that the State Government leave the practice test purchase that the commercial tax department performed, under provisions of the Goods and Services Tax. In Tiruchi district, the department performed Test Purchases at about 165 outlets over a 3-week period complying with the issuance […]
The Maharashtra Authority of Advance Ruling (AAR) stated that the supply of Tata garbage tipper vehicles to Municipalities draws 28% GST. The two-member bench of M. Rammohan Rao and T.R. Ramnani sees that the garbage tipper vehicles could be utilized for the purpose of goods transportation. The starting words of Entry 8704 are “Motor Vehicles […]
The Delhi High Court decided to investigate if the GST department can perform indirectly what the insolvency law averts it from accomplishing directly. When the goods and services tax council refuses the GST input tax credit to the customers of the insolvent entity on the basis of the unpaid dues of the latter. The matter […]
The homebuyers who cancel the buying of the under-construction home post furnishing the purchase cost and goods and service tax (GST) shall obtain a refund via the government. In the 48th GST council meeting, no mechanism would be there to claim for the tax refund that is delivered via unregistered purchasers in matters in which […]
The GST Council approved decriminalizing specific crimes and doubled the limit to the launching prosecution beneath the tax act to Rs 2 cr, however, kept the limit at Rs 1 cr for bogus invoicing. The department, for the SUVs (sport utility vehicles), charges a 22% compensation cess over the 28% GST and would have chosen […]
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 […]
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 […]
