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Tamil Nadu GST Dept Circular No.11/2022 for Incorrect Refund

TN GST: Circular No.11/2022 for Re-Crediting Refund Amount in Credit Ledger

The process for re-crediting the amount in the electronic credit ledger using FORM GST PMT-03A has been notified by the Tamil Nadu GST Department. If the refund is wrongly sanctioned, the amount paid by the taxpayer, along with interest and penalty, can be re-credited to the GST electronic credit ledger through Form PMT-03A. It came […]

Jharkhand HC's Order for M/s CTC India Private Limited

HC: GST Refund Process Permitted Only After Documentary Evidence Verification

A division bench of the Jharkhand High Court, the GST refund claims are not permissible when they do not get backed by documentary evidence beneath the provisions of the Central Goods and Services Tax Act, 2017. The petitioner, M/s CTC (India) Private Limited, 100 per cent export-oriented unit, exporting its products to the countries such […]

Transitional Credit Filing From 1st Oct 2022

Filing of Transaction Credit Will be Open from 1st Oct on GST Portal

Since the node given by the Supreme court to open the GST window towards furnishing the transitional credit post to 4 weeks the Goods and Services Tax Network (GSTN) told the assessee, that they will ease filing from 1st Oct 2022. “Hon’ble Supreme Court while hearing an application from GSTN, has allowed the extension of […]

Madras High Court Order

HC: Applying & Revision of GST Credit Not Be Similar While Uploading Tran-1

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 […]

Rajasthan GST Circular No. R1/2022

GST Circular No. R1/2022 for New Registration Verification

For eliminating the issues, the Rajasthan State GST department would have issued a circular for the verification of the application for the grant of the new GST registration.  In the issued circular, any business entities registered under the GST law rendered that taking a unique GSTIN number via the related tax counsel for collecting tax […]

Additional Advantages for New Income Tax Regime

Centre: Extra Benefits May Make New Tax Regime More Attractive

Through the motive to make it effective for the one’s income assessees, the centre would work to rectify the 2-year former exceptions free income tax regime, furnishing fewer tax rates post to the failure of the new system to attain the benchmark. Finance Ministry, seems to remove the old personal income tax regime, that provides […]

New GST Rule on Employees' House Rent Facilities

GST Rule May Impact Rent-free Houses to Employees, How!

18% GST would be imposed from 18th July 2022, on the lease rent furnished for the rental residential dwellings to enrolled individuals beneath GST. The amendment is on the suggestions of the 47th GST council meeting, conducted on 29th June 2022. For learning the revisions for the common man on the basis of the change, […]

CAG Report Highlighted Flaws in GST Data

CAG Report Highlights GST Database Flaws Due to Law Framing

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 […]

Telangana GST AAR's Order for M/s Sri Bhavani Developers

AAR: 18% GST Levy on Labor Supply and Manpower Services

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 […]

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