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Interestingly, It has been held by The UP bench of the Appellate Authority of Advance Rulings (AAAR) that though the parking fee paid by employees to the employer at the workplace is subject to GST as it comes within the domain of ‘supply of service’. However; subsequently, it put limitations to its statement. The reason […]
As per the ruling of West Bengal’s Authority for Advance Ruling (AAR), selling and serving eatables within the office premises is not subject to the benefit of Input Tax Credit (ITC). However, selling eatables and sweets within the office premises for consumption outside office premises is subject to the benefit of Input Tax Credit (ITC). […]
Businesses are in an unfortunate situation. Things are not as easy as they appear apparently. While the centre is busy putting in efforts to accelerate tax compliance by implementing technology-driven infrastructure, the businesses are losing tax credits owing to supplier defaults. Notably and Interestingly, while one entity (Suppliers) is committing a mistake, the repercussions of […]
The Central Board of Indirect Taxes and Customs (CBIC) has already made e-invoicing mandatory for all businesses with a turnover of 5+ crore. CBIC first mandated it for businesses having turnover of 500+ crores in October 2020, for businesses having turnover of 100+ crores in January 2021, 50+ crores in Apr 2022, 10+ Crores in […]
The Uttar Pradesh Appellate Authority of Advance Ruling (AAAR) held that no Input Tax Credit (ITC) could be claimed on 5% GST that is paid on a license fee to IRCTC or Indian Railway thus upholding the AAR’s ruling. M/s. Amar Food Products, the appellant, is in the General Minor Units (GMU) at Railway Platforms […]
Haryana and Punjab High Court had observed initially that parliament was authorized under the constitution to have a problem solving mechanism post incorporation of the Central Goods and Services Tax (CGST) Act after 4 years. The force came as the Judge let go of the decision of Justice Rajan Gupta and Justice Karamjit Singh has […]
Court Ordered to Unblock GST Account The Tripura High Court passed the judgment in favour of the taxpayer in a tussle between taxpayer and tax authority. The court ordered the tax authority to unblock the GST account of the petitioner/ on the official portal of GST. The petitioner is a sole proprietor and is in […]
CBIC said to the field officer to do prudence as well as maximum caution in attaching the assessee’s property and directed that these are the precautions that are to be acknowledged for GST evasion. Bogus invoicing and lateness of more than 3 months in depositing the tax received. Through some regulations, the CBIC had come […]
With a total GST collection of Rs 3,340.56 crore on Feb 21, the state has increased with a 20% rise with respect to the national average of 7 pc, it is the highest among all the bigger states. In February 2020 GST collection was Rs 2,790.16 crore. In the total GST collection, the state has […]
