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18 percent GST Rate ON Health and Term

18% Tax on Term & Health Insurance! Lower GST Rate Has Many Benefits

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 […]

Gujarat HC's Order for Shree Govind Alloys Pvt. Ltd.

HC: Expired GST E-way Bill Does Not Show the Sense of Tax Evade

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 […]

De-criminalisation GST Offences & Circular Trading

De-criminalisation & Circular Trading May Concern in Upcoming GST Meeting

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 […]

Compulsory Filing of GST Reconciliation Statement

Must File Reconciliation Statement, GST T.O. Exceeds INR 5Cr

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, […]

GSTR 9 & 9C Filing Tips for FY 2021-22

GSTR 9 & 9C Filing Changes & Clarifications for FY 2021-22

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 […]

Madhya Pradesh HC's Order for Yash Krishi Seva Kendra

HC Upholds An Order Stating GSTIN Cancellation Notice Informed by Mobile

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 […]

Khammam Raw Cotton Traders GST Department

Cotton Traders Demand Resolution for Pending 33CR GST Payment

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 […]

Bombay HC's Order for Mr. Shekhar P Vernekkar

HC: Charge for Compounding GST Offences Should Not Exceed the Maximum Penalty

The High Court of Bombay High Court at Goa, refusing the order for the compounding of offence ruled, the compounding amount of offence under the GST act would not be more than the maximum penalty mentioned in the act for the same offence. The applicant Mr Shekhar P Vernekkar dissatisfied with the order of the […]

CCI to Handle GST Complaints from 1st Dec

CCI Starts to Handle All GST Profiteering Complaints from Dec 2022

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 […]

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