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Haryana GST AAR's Order for M/s. Rites Limited

AAR: No GST Charges on Amount Recovered from Outgoing Employees

No GST shall be subjected to be applied on the notice pay recovery via outgoing employee, Haryana Authority for Advance Ruling (AAR), witnessed. Under the aegis of Indian Railways, RITES Limited is a Government of India company. RITES Limited is incorporated in India as a Public Limited Company beneath the Companies Act, 1956, and is […]

Deep Summary of Zero-rated Supplies Under GST with Benefits to SEZ

Full Details of Zero-rated Supplies in GST with SEZ Benefits

In 2017, the GST which is a destination-based consumption tax was incorporated. As per the GST framework, particularly for the businesses that are involved in the exports and supplying the Special Economic Zones (SEZs), the concept of zero-rated supply poses influential importance. The provision of goods or services that are either exported or provided to […]

Tripura HC's Order for M/s Balaji Steel Rolling Mills Ltd

Tripura HC Deletes GST Penalty on Expired e-Way Bill During Transportation

A division bench of the High court of Tripura has set aside the levied penalty for the expiry of the GST e-way bills and sees that it would have lapsed in transit, and the taxpayer could not renew the same with the competent head. The applicant contested, the vehicles that carry the goods of the […]

50th GST Council Meet: Key Updates on GSTAT and Rates

The 50th Goods and Services Tax (GST) Council meeting is in progress today, on July 11th, 2023. Chaired by Union Finance Minister Nirmala Sitharaman, this meeting holds paramount importance in discussing crucial taxation issues. It is important to note that the information shared is reflective of the present circumstances. We will continue to provide you […]

Delhi HC's Order for M/s Parity Infotech Solutions Pvt. Ltd

Delhi HC: Restriction on GST ITC Usage Can’t Be More than Year Under Rule 86A

The Delhi High Court ruled that under Rule 86 A of the CGST 2017, the restriction of the input tax credit (ITC) cannot be more than one year. The petitioner, M/s Parity Infotech Solutions Pvt. Ltd., complained about the instruction, which was dated March 8, 2012. Special Commissioner-V, Department of Trade and Taxes, issued the […]

Govt Should Rationalize GST on Under-construction Projects

Real Estate Agents Want GST Rationalisation on Under-construction Projects to Boost Sales

To promote the sale of under-construction properties, real estate professionals and developers are urging the government to rationalize the Goods and Services Tax (GST) on those properties. As buyers must now pay stamp duty, registration fees, and the GST, the selling of houses that are still under construction has dropped. Sales of property that is […]

New Guidelines for Reimbursement of Late Fee U/S 47

GST Authority Notifies Reimbursement Guidelines for Late Fee U/S 47

Guidelines for reimbursement of the late fee levied to get paid and deposited u/s 47 by the registered taxable person, issued by the Government of Rajasthan, Commercial Taxes Department, under RGST Act 2017 through issuing the order. The Order expressed, “The State Government has issued order no. F.12 (15) FD/Tax/2023-102, dated February 10, 2023, for […]

Risky Exporters Under GST

All About Risky Exporters Under GST with Amended Process

All IGST, drawback and other benefit refunds are halted, and all export shipments are subject to scrutiny when the Import Export Code warning of the risky exporter is activated. The export enterprises suffer significant losses as a result of the refund suspension, which also has an effect on the Indian economy. Here, we’ll talk about […]

Karnataka AAR's Order for M/S Chamundeshwari Electricity Supply Corporation Limited

Karnataka AAR: GST Levy on Extra Surcharges Under Electricity Act

The other surcharge obtained via open-access consumers under section 42 of the electricity act 2003 shall get taxed under the GST act, Karnataka Authority for Advance Ruling (AAR) held. The two-member bench of M.P. Ravi Prasad and Kiran Reddy T. found that Chamundeshwari Electricity Supply Corporation Limited could not be regarded as a “governmental authority” […]

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