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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 GST portal gives the advisory as the Central Board of Indirect Taxes and Customs (CBIC) has extended the last date for filing form GSTR1 for November 2022 for registered persons whose principal place of business would be in some districts of Tamil Nadu. On 13th December 2022, the Government vide Notification No.25/2022 extended the […]
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 […]
The government of Goa rendered all of its departments to rework the infrastructure project cost via computing the GST at 18% in between the withdrawal of the concessional rate of 12% for the contracts of the government. The finance department has circulated a notice to all state departments and agencies. The same mentioned that the […]
Post executing revision in section 37(4) of the Central GST Act, 2017, the GST department has executed providing late fees for defaulters of GSTR-1. According to section 37(4), an enrolled individual will not be permitted to file information on the outward supplies under sub-section (1) for a tax duration when the information on outward supplies […]
The Central Board of Indirect Taxes and Customs (CBIC) specified the way of processing and sanctioning IGST refunds, upheld for clause (c) of sub-rule (4) of rule 96, transmitted to the jurisdictional GST authorities under sub-rule (5A) of rule 96 of the Central Goods and Service Tax Rules, 2017. Under the rule, CBIC laid on […]
A Division Bench of the Andhra Pradesh High Court ruled, both the impugned GST show cause notice and the cancellation order of the registration would not be bearable inside the statute since both of them would not be transparent to learning the intention of the issuing authority. The applicant, M/s SA traders are disappointed that […]
National antitrust watchdog Competition Commission of India (CCI) from December 1 shall manage complaints with regard to profiteering under goods and services tax (GST) in place of the National Anti-Profiteering Authority (NAA), an official notification. In November 2017 NAA has been set up to verify the illegal profiteering through the enrolled suppliers under the GST […]
The Central Board of Indirect Taxes and Customs (CBIC), mentioned that the GST department does not question the decision of the Apex court in Mohit minerals in which the Supreme court would have stopped the IGST charge on the ocean freights. A circular issued on 4th November stated that “Please refer to your letter F. […]
