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New changes and some additions have been implemented inside the goods and services tax plan through the 14th GST amendment rules 2020. The article concentrates on the important rule inserted with respect to the input tax credit which has effected from 1/01/2021. A new rule has been inserted in 86B which reveals that the division […]
The Madhya Pradesh Authority of Advance Ruling (AAR) ruled that no Input Tax Credit (ITC) is possible on demo vehicles open in the business improvement and for the constant performance of the companies The petitioner is the owner of Khatwani Sale and Service LLP is an authorised dealer of KIA for sales & services of […]
The Odisha Authority of Advance Ruling (AAR) held that GST below Reverse Charge Mechanism is not payable on receipt of services if it is not imported. The petitioner is the owner of Tokyo Electric Power Company who seeks the ruling as if he is needed to be enrolled below Odisha GST Act, 2017 as well […]
The Gujarat AAR held that GST payable on the common maintenance fund or deposit negotiated through the members. The petitioner is the owner of The capital commercial co-op (service) society ltd which is enrolled under Commercial Co-Operative service society which gives maintenance service to their members. Inside the monthly maintenance fees, Recurring basis, and Common […]
For Financial Year 2017-18 and 2018-19, a registered taxpayer will have the option to upload details for the duly signed entries in Table 8A to 8D in PDF format in form GSTR-9C (without CA certification). For FY 2019-20 the details of form GSTR-2A prepared by November 1, 2020, will be fetched in this table. Table […]
The government is taking the actions with respect to the declarations done by the GST department written in Notification No. 94/2020 – Central Tax, which notifies the CGST (Fourteenth Amendment) Rules, 2020. The GST enrollment concerned procedure is changed by the notification besides providing extensive authority to cancel or suspend the existing enrollment of the […]
The Goods and Service Tax Network (GSTN) has made possible the new Invoice Furnishing Facility (IFF) process on the Goods and Service Tax (GST) Portal. For every month the quarterly GSTR-1 taxpayers can opt to upload the invoices through the Invoice furnishing facility (IFF). A quarterly GSTR-1 taxpayer is a small assessee who has only […]
The harassment of the assessee should not be done by blocking the credit. This is the power of the GST council says Gujarat high court. The court commented that the rules and guidelines are to be followed through the GST council which should be issued by the government in the time of practicing the powers […]
Myth 01: The bigger number of the assessee will be influenced by the rule. Fact: For several privileges such as exporters, suppliers of goods of inverted duty structure, assesses who have a footstep in the Income Tax database, etc. it is thought that this rule will be applied to only 0.5% of the total assesses […]
