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The Madras High Court ruled that the last date to upload GST TRAN 1 for pursuing credit and correction of the credit should not be the same. The applicant, M/s.Interplex Electronics India Pvt. Ltd has strived for the respondents to credit the amount, for the input tax credit (ITC) of Rs. 16,21,227 and Rs. 4,24,136 […]
Revision of Table 4(B) & (D) of form GSTR 3B vide notification number 14/2022 and clarification given concerning reporting of the identical vide Circular 170/02/2022, the assessees obligated to visit again their way of recording ITC in their books to ensure true reporting according to the revised form GSTR 3B. Below is our update we […]
Rs 1,43,612 crore gross GST revenue was collected in the month of August 2022. The Revenues for the month of August 2022 are 28% higher than the GST revenues in the same month in 2021. Monthly Goods and service tax revenues of more than Rs 1.4 lakh crore for six months in a row. The […]
The Allahabad bench of Customs, Excise & Service Tax Appellate Tribunal (CESTAT) ruled that the mandatory deposit under section 35F of the Central Excise Act, 1944 would not able to incur debit in an electronic credit ledger under GST. The petitioner, M/s Johnson Mathey Chemical India Pvt. Ltd questioned the Order-in-Appeal on January 25, 2022, […]
Rs 50,000 cost is being levied on the arbitrary cancellation of GST registration, by Allahabad High Court. The single bench of Justice Pankaj Bhatia sees that the random practice of power to refuse the enrollment in a way where the same would have been performed has adversely impacted the petitioner. Indeed the revenues have been […]
A show cause notice was issued to the assessee for running a bogus company and missing a bogus ITC of Rs 26.53 cr. on 1st June 2018, the related dept refused the same enrollment. The assessee gives his statements on the date of 7th June 2018 and 6th July 2018 to the Directorate of Revenue […]
The Telangana Authority of Advance Ruling (AAR) held that the manpower supply or labor supply services by the manpower supply agency come beneath SAC 98519 and would be taxed at an 18% GST rate. The tax would be required to be paid via a manpower supply agency. The two-member bench of B. Raghu Kiran and […]
Under the Goods and Services Tax Act, 2017 (GST Act), the finance ministry has circulated the complaints specifying the conditions for the investigation, summons, arrests, and bail procedures regarding breach of GST provision. Compliances, the approval for arrest beneath GST act furnishes for the cases in which there was a clear intention for tax theft […]
Delhi high court ruled that the GST dept to raise the attachment as that does not be a valid post to the duration mentioned under section 83 of the Central GST Act, 2017. In the former times CGST, Delhi East vide orders on 31.03.2021 provisionally attached the bank accounts and property of the taxpayer, Nitin […]
