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In an important case, the Bombay High Court ruled on Monday and invalidated a 2020 press release from the Union Ministry of Finance. This press release had put alcohol-based hand sanitizers under the category of “disinfectants” which is subject to an 18% Goods and Services Tax (GST). The court highlighted that such product classifications fall […]
There are only three weeks for the businesses to have one last chance to avail of the Input tax credit (ITC) and to settle the errors and omissions under the Goods and Services Tax (GST) mechanism. Experts warn that certain new changes introduced this fiscal year will affect their claims. CGST Law 2017 cites “A […]
The Kerala bench of the GST Authority for Advance Ruling (AAR) cited that the concessionaire agreement between the AAI and Adani Thiruvananthapuram International Airport Ltd is not a ‘transfer of business’, but a supply of services and therefore is obligated to GST. The judgment of the Kerala AAR ruling is opposite to the rulings passed […]
Definition of New GST Forms SPL-01 and SPL-02 In November 2024, the Goods and Services Tax Network (GSTN) announced that GST Forms SPL-01 and SPL-02, to claim the exemption of interest and penalties under section 128A of the GST Act will be introduced in January 2025. 53rd GST Council Meeting From the suggestions of the […]
It was discovered by the GST officers that nearly 18,000 bogus companies have been evading taxes of around Rs 25,000 crore. By claiming the tax benefits without performing the real business these companies were being made merely to cheat the Goods and Services Tax (GST) system. This investigation which ran from August 16 to the […]
Amendments have been introduced by the Central Government to the Central Goods and Services Tax Act, 2017, under the Finance (No. 2) Act, 2024, which has the objective of improving tax compliance and facilitating the load on taxpayers. the Gujarat government has furnished an ordinance revising the state GST act to extend these relaxations in […]
The Federation of Industrial and Commercial Organizations (FICO) called on the government to lower and streamline the Goods and Services Tax (GST) on iron and steel from 18% to 12%. FICO in a written memorandum addressed to the Union Steel Ministry and GST council stresses the requirement for a lower tax imposition to increase the […]
Determining that the proper officer has passed the order of cancellation of GST registration of taxpayer with retrospective effect, it was mentioned by the Delhi High Court that these orders do not specify any reason for cancelling the GST registration much less from retrospective effect. The HC discovered that the mere allegation against the taxpayer […]
The Delhi High Court quashed the show cause notice and the order of cancellation of GST registration after discovering that the SCN and the final order failed to furnish any clue concerning the provision of the statute which was alleged to have been breached or infringed. “The SCN is gloriously silent concerning the provisions of […]
