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The Madras High Court relieved the taxpayer, Tvl Marimuthu Venkateshwaran on cancellation of GST registration because of the non-filing of tax returns as of problems related to health. The writ petition furnished under Article 226 of the Constitution of India for issuance of a writ of Certiorarified Mandamus, asked for the records of the Assistant […]
The Uttarakhand Authority of Advance Ruling (AAR) held, 18% GST shall be subjected to be applied on the cost of the diesel made to run a diesel generator. The two-member bench of Anurag Mishra and Rameshwar Meena sees the acknowledgement for reimbursement of the expenses like the price of the diesel to run the DG […]
The Telangana Appellate Authority for Advance Ruling (AAAR), on the medical insurance taken to furnish health insurance to employees, pensioners, and their family members carried that no exemption in GST is there. The bench, Neetu Prasad and BV Siva Naga Kumari have found that the insurance services for employees and their family members obtained via […]
The Central Board of Indirect Taxes and Customs (CBIC) published a thorough explanation on submitting information regarding the reversal ITC and ineligible ITC as well in August 2022. State GST authorities have asked assessees to furnish true and proper details of ineligible Input Tax Credits (ITC) and reversals. This is significant since the GST return […]
Beneath the GST evasion problem the insurance industry would be asked before the government to resolve the problems. A top representative team that comprises some of the CEOs of leading private sector general insurers has already met Tarun Bajaj, retiring Revenue Secretary, Ministry of Finance (MoF), the representatives of life insurers are preparing to meet […]
In this article, we will learn and understand the complete process of the GST Input Tax Credit (ITC) reversal if in case the clients and the concerned parties miss the payments for more than 180 days or so. The post will take the sections and other major amendments in the provisions of the sub-sections. There […]
The GST wing of the Central Board of Indirect Taxes and Customs (CBIC) would have issued GST show-cause notices to various tax-evading entities underpaying taxes. Under reports, the department would provide more than 20,000 notices to the defaulters. For the concern of tax evasion in FY 2017-18, nearly 20,000 notices were issued post-scrutiny of the […]
The Karnataka authority for advance rulings (AAR) ruled that e-commerce owners who do not have control over drivers and passengers shall not be levied goods and services tax (GST) on cab services that have been furnished via third parties. Since the companies secure different business models thus experts stated, the ruling would not be applicable […]
GSTN would have been initiated to permit the revision concerned with the FY 2021-22 in October 2022 return period. The same is within the recent revision in the GST Law in which the revision could be performed up to 30th Nov. of the subsequent fiscal year. The information of the taxable outward supplies could get […]
