• twitter-icon

Search results for: input tax credit

Kerala High Court Order for GST Department

Modify TRAN-1 Form Facility by Creating Suitable Arrangements on GST Portal: Kerala HC

The Kerala High Court bench of Justice Bechu Kurian Thomas rendered that the GST department provides the amending of Form GST TRAN-1 and furnishing of Form GST TRAN-2 through making required arrangements on the web portal. Under the Kerala, Value Added Tax Act, 2003 as well as the Central Sales Tax Act, 1956, the applicant […]

Why Increasing GST Collection Month-on-Month?

New Technology & Tight Compliances Behind High GST Collections

Effective use of the new technology and tight compliances on the ITC by taxmen is not only assisted you to ensure the increased compliance but indeed results in a constant rise in the GST collections on a month-on-month (MoM) grounds. As per CBIC on the scrutiny of returns and the reduction in the e-invoicing limit […]

FHRAI Demands for GST Rate Rationalisation & Easy Rules

FHRAI Appeals to Council for Simple GST Rules & Rate Rationalisation

Quoting higher inflation, the Federation of Hotel and Restaurant Associations of India appealed to the GST council to rationalize the GST rates for the hospitality sector. FHRAI indeed urged the government to acknowledge the update of simple GST rules to enable the establishments to come beneath the hospitality segment to claim the ITC. The same […]

GST and TDS on Promotion Via Google Ads

Full Guide to GST and TDS Rate on Promotion Via Google Ads

GST @ 18% is charged and TDS @ 2% is deductible up on the Google Adwords advertisement expense. The same is essential to find out that some publishers are advertising with the help of the Google entity which is enrolled in India and some of the advertisers are doing the same with the support of […]

Madras HC Order for Numinous Impex (I) Pvt. Ltd

Madras HC: Not Refusal of ITC Refund Even If Assessee Duty Drawback Claimed

The Madras High Court bench of Justice C. Sarvanan has held that the refund of input tax credit (ITC) could not refuse even the duty drawback that has been claimed by the taxpayer. The goods defined under Customs Heading No.8483-40-00 of the Customs Tariff Act 1975 have been exported by the petitioner and claimed the […]

Rajasthan Dept GST Circular No. 1/2022

GST Dept Notifies Circular No. 1/2022 for Correct Returns’ Submission

The Rajasthan State GST department has provided a circular for the correct submission of GST returns. Section 53 of CGST act/ RGST Act and section 17, section 18 of the IGST act read with Goods and Services Tax Settlement of Funds Rules, 2017 furnished for the way of the cross usage of IGST or might […]

Current GST Input Tax Credit Issues

How GST ITC Issues Harming Indian Companies and Suppliers?

India stands in the fifth year of the Goods and Service Tax regime, while the assessees and CFOs are still facing problems. GST was executed to draw clarity to the system and prevent cascading effects of the taxes and seamless flow of the ITC. One of the biggest problems beneath GST is the process of […]

26 Important GST Tasks for FY 2021-22

Mandatory GST Compliance to be Completed for the AY 2022-23

Some important GST work would need to be done as the end of the financial year has been arrived which entails some essential ramifications. The GST chores to be completed have been classified as: A. Related to Tax Compliance  B. Related to GST Input Tax  C. Related to Reconciliation  D. Related to Law  A. Tax […]

GST Rates on Air Conditioners and Spare Parts

GST Rate on Air Conditioners and Spare Parts with HSN

In this post, you can easily find out the GST rate for air conditioners and their spare parts, including the appropriate HSN code in India. On the GST execution, the tax rates were being diminished for the majority of the electronic goods except for air conditioners and large screen TVs, which now come beneath the […]

Follow Us on Google News

Google News

Latest Posts

New Offer for Professionals

Huge Discount on Tax Software

Upto 20% Off
Tax, ROC/MCA, XBRL, Payroll, Online GST

Limited Offer, Hurry

Easy to File Tax/GST Returns

Upto 20% Off on Tax Software

    Select Product*

    Current GST Due Dates