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The Central Board of Indirect Taxes and Customs (CBIC) provided guidelines on pre-deposit payment methods in central excise and service tax cases. Some Commissioners (Appeals) have dismissed pleas for non-compliance with pre-deposit needs mandated under Section 35F of the Central Excise Act, 1994, read with Section 35F of the CEA. Payments were made through Form […]
“A proposal is under consideration to raise the threshold to Rs 5 crore for initiating criminal prosecution. The matter will be put up before GST Council soon” said the senior officials. GST evasion with Rs 2 to 5 cr shall draw three years in jail. If the tax evasion is up to Rs 2 crore […]
Since inflation seems to surged for a longer duration and the major state elections are due in 2023, the union government might opt not to restructure the GST slabs prior to the same leaving office in May 2024, as per the officials. Post to the state assemblies elections in Himachal Pradesh in the month of […]
The Kerala Authority of Advance Ruling (AAR) ruled that affordable residential apartments draw 1.5% GST. The bench, Sreeparvathi, and Abraham Renn ruled that a new GST tax structure for the real estate sector was being initiated which would come into force from the date 1/4/2019 with the revision of Notification No. 11/2017 – Central Tax […]
The Delhi High Court has refused the order for the cancellation of the GST registration since the range inspector would have physically validated the premises, not by serving the notice of the physical verification and not in the report generated post to the verification was uploaded on the portal. The division bench, Justice Rajiv Shakdher, […]
The Apex court, post to the enactment of the Central Goods and Services Tax Act in 2017, the centre was not being restricted to carrying on with its pre-existing 100% outright excise duty exemption policy of 2003 for publicizing the activities of industries in some of the states like Uttarakhand and Sikkim where it is […]
In the taxpayer-favoured ruling, the Rajasthan High court ruled that the GST department shall not refuse the advantage of linking the GSTIN on the death of the proprietor only on the technical basis that the application for the GST registration cancellation was incurred through the wrong form. On the Date, 31st Jan 2018 the sole […]
In the current times, Clause 44 of 3CD become the ‘Buzz word’ for every professional. People are giving their views recognizing the aspect of reconciliation with indirect tax records. Form 3CD of Tax Audit Report (TAR) was revised in July 2018 via Notification No. 33/2018 on 20.07.2018 to include Clause 44 on reporting of GST […]
The Authority for Advance Rulings (AAR), Gujarat bench ruled that GST does not get applied to the provision of transportation and canteen utilities via third parties to the employees under the contract. The petitioner, M/s SRF Limited is a multi-business chemicals conglomerate involved in manufacturing industrial and speciality intermediates. The petitioner’s business portfolio covers fluorochemicals, […]
