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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 Authority for Advance Rulings, Telangana (AAR) held that Input Tax Credit (ITC) could get claimed on Corporate Social Responsibility (CSR) Expenses for the case of M/s Bambino Pasta Food Industries Private Limited which is the petitioner. Petitioner seeks an advanced ruling if the GST ITC would be available on the expenditure of CSR that […]
The Karnataka High Court in a ruling asked the department to restore the denied GST enrollment since the taxpayer can not furnish the GST returns because of the untimely death of the auditor. The petitioner, M/s Kolapudi Enoch Washington mentioned that because of the sudden death of his auditor he can not incur the GST […]
CBIC has provided the policies for the verification of the GST transitional credit claims and the specified assessee would not be allowed to furnish the amended returns to claim the credit. When Goods and Services Tax (GST) was incorporated on July 1, 2017, the assessee was permitted to file Form TRAN-1 and TRAN 2 and […]
The West Bengal Authority for Advance Ruling (AAR) ruled that activities that have been performed via subcontractors for the movement of electrical utilities for road constructions would not be treated as a composite supply of works contracts. The two-member bench of Brajesh Kumar Singh and Joyjit Banik found that furnishing the services of the movement […]
Provisions for GST E-way Bill incurred via changing Rules 138, 138A, 138B, 138C, and 138D in the Central Goods and Services Tax Rules, 2017 (‘CGST Rules, 2017’). The same provisions would be initiated to validate the tax evasion. But the same would be used to harass the transported along with the people who are obligated […]
For handling the GST evasion, the Directorate General of GST Intelligence (DGGI) said that they shall reward those who share the data that renders to the tax recovery, under the message from the probe agency. The agency which deals with cases concerning Goods and Services Tax violation, central excise duty, and service tax mentioned in […]
The Uttar Pradesh Appellate Authority of Advance Ruling (AAAR) ruled that the setting up of an Electric Loco Shed for the Railway constitutes a composite supply of work contract service. The two-member bench of S. Kannan and Ministry S. found that the project of installing an electric loco shed at Saiyedpur Bhitri, Uttar Pradesh meets […]
As per data released by the Finance Ministry on Tuesday, GST collections for October 2022 (for sales in September 2022) rose to Rs 1,51,718 crore, the second highest since the indirect tax regime was implemented in 1st July 2017. There were 1,51,718 crores of gross GST collected in October 2022, of which 26,039 crore was […]
