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Section 50 of The CGST Act was revised to furnish that there would be no interest obligation on late filing of GSTR-3B to the extent of the balance in The Electronic Credit Ledger, the Courts in the following and other cases ruled that interest was subjected to be paid even after there was balance in […]
The Delhi High Court in a judgment addressed the petition of Krishan Traders asking for the GST registration cancellation, marking the case for GST compliance and legal procedure field in India. The case, Krishan Traders Vs Principal Commissioner of Goods And Service Tax North Delhi delves into the difficulties of GST deregistration procedures and the […]
A circular via the GST department might be furnished to address the dispute of the spate of notices sent before the Indian arms of the foreign firms asking for the tax salaries filed to immigrants via the local unit. As per the circular input tax credit (ITC) must not be held back from 2017 to […]
Hundreds of builders have obtained notices from the GST department where it seeks to reverse their input tax credit. For the years 2017-18 and 2018-19, the notices were issued. For the unsold apartments, the council seeks builders to reverse the ITC during procuring building use (BU). As the developers do not file the GST for […]
Traveling is favoured by all some people like to travel domestically and others prefer to travel abroad. But before travelling, everyone used to plan their trip at their convenience, however, sometimes they ignored the other related expenses such as GST rates on services by travel agents and tour operators. It is due to that we […]
GST council has sent notices to numerous businesses for the peculiarities in their claimed input tax credit (ITC). It arrives post-investigation of the ITC through these firms, which revealed differences between their annual returns. Under Section 150 of the CGST Act of 2017, the notices were issued that needed the assessees to provide a detailed […]
The 200% penalty has been quashed by the Calcutta High Court and ruled that the e-way bill made for the goods exported to Bangladesh lapsed because of an accident. Until and unless the council established that the goods transporter or the owner of the goods has intended to violate the provisions of the act, the […]
Revenue Secretary Sanjay Malhotra in a press conference said that the government’s objective is to remove the flexibility furnished to the buyers and sellers in amending their output obligation. The same action consists of locking the invoices and eliminating the edit option in the forthcoming fiscal year, a proposal that shall be reflected in the […]
During remanding the matter the Madras High Court ruled that the refund claim needed to be examined and determined established on the documents related to the claiming of the ITC and the export of the product on zero-rated grounds. The petitioner has incurred the GST refund claims on time and cannot be faulted for the […]
