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Search results for: input tax credit

Assembly Passes Amendment Bill for GST ITC and Returns

RJ Govt: New GST Amendments for ITC & Non-filers of Returns

The Rajasthan Assembly on Thursday issued the Rajasthan Goods and Services Tax (Amendment) Bill, 2022, that asks for the registration of the companies shall not get cancelled despite the same losses to furnish the return for 6 months. Indeed the system to provide the credit notes would get started. Education minister BD Kalla has launched […]

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 […]

GST Department vs Safari Retreats Pvt Ltd

SC to Determine GST ITC Eligibility in Case of Safari Retreats Pvt Ltd

The Apex court admitted that the petition furnished by the GST department with respect to the order of the Odisha High court in which the High court ruled that ITC would be available for the paid GST during the construction of the immovable property for the purpose of rent. The applicant, M/s Safari Retreats Pvt […]

List of GST Compliance Tasks on or Before 30th Sept

Mandatory GST Compliance Tasks to Be Done Till 30th Sept

The coming 20 days will be so heated for the finance and the tax professionals in distinct companies since many GST-related compliance are required to get finished on September 30 or prior to that. Some of these consist of creating the new e-invoices process, total usage of ITC of the former financial, and fixing invoices. […]

Telangana HC's Order for Micro Systems and Services of GST

Telangana HC Instructs Dept to Rethink a GST Refund Claim Under IDS

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 […]

ITC Reporting Changes in Table 4 of GSTR-3B Form

All GSTR-3B Changes for Accurate Eligible ITC Calculation

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 […]

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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