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The Central Board of Indirect Taxes and Customs (CBIC) has recently intimated Central Goods and Services Tax Rules (Fourteenth Amendment), 2020 via Notification No. 94/2020-Central Tax dated December 22, 2020. The said notification notifies Form GST REG-31 for ‘Intimation for suspension & notice for cancellation of registration‘ under Rule 21A of the Central Goods and […]
There are difficulties in the goods and services tax (GST) in the year 2021. Therefore an issue is raised on the healing towards the year gifts or brand promotion goods such as pens, calendars, bags, or diaries under the GST framework. Any goods such as a carry bag on which there is a brand embossed […]
The Odisha Authority of Advance Ruling (AAR) held that there will be no Goods and Service Tax (GST) on the grounds of reverse charge which is applied to the Supply of service to Odisha Power Transmission Corporation Limited. The petitioner is the owner of the Electric power company service limited (TEPSCO) which is a Japan-based […]
There is a GST on eCommerce but in some business models for the used goods, there is no GST. Prior to starting a C2C business one should have a sense for the entities which are entitled to paying GST. Inside the GST below are the so-called entities: Businesses or sellers which are enrolled beneath the […]
The Bangalore-based organization Tirumala Milk Products who is engaged in selling flavored milk in Karnataka has abandoned to ease the appeal in the court of the GST authority for the advance rulings which discharged the application in earlier grounds through AAR to which were unable to manage. The company asked for the flavored milk applicability […]
Form GST REG-30 gets submitted or uploaded by the proper officer, it is actually a verification report that contains all the details of the physical verification under Goods and Services Tax (GST) conducted of the person’s place of business. This article shed light on the provisions relating to filing of a report in form GST […]
As per a recent order held by the Income Tax Appellate Tribunal (ITAT), Delhi Branch, CIT (A) is not allowed to reject applications (appeal) on a technical basis without providing an opportunity to the assessee for making the required correction. In this case, AO passed an ex-parte assessment order as per section 147 or 144 […]
While addressing a meeting of officials on Thursday, December 24, 2020, Uttar Pradesh Chief Minister Yogi Adityanath said the state (UP) having the largest population in India must also be the state making the highest revenue per year. Saying that he instructed his officials to up their efforts to raise the amount of revenue the […]
The central government has inserted a rule to prevent fraud from claiming an input tax credit under the GST. Now, businesses having a monthly turnover above ₹ 50 lakh will require to pay at least 1% of their GST in cash. Latest Changes for New Rule Under 86B of CGST Act Recently there was a […]
