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Laying on the current circular on 6th July 2022 in which the Central Board of Indirect Taxes and Customs (CBIC), the refund beneath the inverted duty structure in which the supplier is supplying goods under the concessional notification, the Telangana High Court has rendered the tax department to acknowledge a GST refund claim via the […]
The Goods and Services Tax wing of the Central Board of Indirect Taxes and Customs (CBIC) performs investigations with respect to various insurance companies. There are different life and non-life insurers to whom the tax authorities have taken out the search operations. From the source, it has been revealed that the tax investigations were the […]
HC passes interim direction to State, Central government Telangana High Court issues interim order to the state and central governments, not to ask for the GST payment by 9 colleges providing courses in nursing. A bench of Chief Justice Ujjal Bhuyan and Justice C.V. Bhaskara Reddy issues the same interim order post to hearing a […]
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 […]
Indian Railways used to fulfil the requirement of various people in the year. The demand for train tickets around the festival rises. The people are often booking the tickets in advance to confirm their seats. But some people need to cancel their tickets for the amendment in their plan or other issues might happen at […]
In the recent ruling by the AAR, there is a lot of relief for all the corporate individuals as well as for the companies as now the tax credit on the goods and services tax can be availed on the upfront lease premium. In the previous scenario, the same was not allowed to be taken. […]
Currently, a post is in the headlines claiming that a sum of Rs 96,000 must be furnished as GST when the marriage budget would Rs 5 lakh. Below is the claim incurred in the post. Claim: Rs 96,000 ought to be paid as GST (goods and services tax), the marriage budget exceeds Rs 5 lakh. […]
The industry, specifically for the segment of auto components, needs to worry since the Apex court has refused to review the petition furnished by the finance ministry on the classification of goods on the grounds of the harmonized system of the nomenclature (HSN) codes. The same case is concerned with the excise duty, however the […]
