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CBIC Updates GST ITC Claiming Rules

CBIC Modifies GST Input Tax Credit Claiming Rules Under 37A

Under the GST act, an assessee would need to reverse the ITC that was claimed by 30th November for the case when his supplier could not deposit the dues the taxes via 30th September. PAN-linked mobile along with the email could be used with biometric authentication or GST Registration. The Central Board of Indirect Taxes […]

Andhra Pradesh Govt State Level Committee for GST Problems

Govt: New Committee to Examine GST Issues for Demands & Assessments

The Andhra Pradesh State Government has formed a three-member committee to investigate taxpayers’ complaints over elevated evaluations and their requests under the GST regime. D. Ramesh (Commissioner, ST) Audits functions as the committee’s chairperson on the Board. It consists of one secretary, Y. Kiran Kumar (Jt. Commissioner, Enforcement-1), and one member, G. Kalpana (Jt. Commissioner, […]

New GST Bilingual WhatsApp Chatbot Cum Helpline

PB Govt Introduces Bilingual WhatsApp Chatbot Number for GST

Punjab Finance, Excise and Taxes Minister Harpal Singh Cheema launched a bilingual WhatsApp chat bot-cum-helpline to solve taxpayers’ questions about Goods and Services Tax (GST). The chatbot is available in Punjabi and English language and can be used to get information on various aspects of GST, Mr Cheema announced during the monthly district-wise review meeting. […]

GST Input Tax Credit Disclosures in Annual Returns

Deep Study of Tax Credit Disclosures in Annual GST Returns

The GST law would pose the major purpose of the tax which is to get collected merely on the value-added. A method is there in India via which the tax suffered at the before time would be permitted to get lessened from the tax subjected to get paid on the supplies. The same prevents the […]

Maharashtra GST AAR Order for M/s. Mumbai Aviation Fuel Farm Facility Pvt Ltd.

GST AAR: No Tax Credit on Goods Using for Pipeline Construction Outside Factory

The Maharashtra Authority of Advance Ruling (AAR), no Input Tax Credit (ITC) is available on goods and services used for the construction of the pipeline that has been laid outside the factory. The two-member bench of M. Rammohan Rao and T.R. Ramnani sees that, under the explanation to Section 17 of the GST Act, “plant […]

GST AAR's Order for M/s. IVL India Environmental R&D Pvt Ltd.

MH AAR Levies IGST Under RCM for Transfering of Monetary Proceeds

The Maharashtra Authority of Advance Ruling (AAR) held that the transfer of monetary proceeds via IVL India to the petitioner IVL Sweden shall be obligated towards the payment of the integrated goods and services tax beneath (the RCM) reverse charge mechanism. The two-member bench of M. Rammohan Rao and T.R. Ramnani sees that excluding the […]

Delhi HC's Order for EbixCash Mobility Software India Ltd

Delhi HC to Sort Out GST Issues Regarding Insolvency Law

The Delhi High Court decided to investigate if the GST department can perform indirectly what the insolvency law averts it from accomplishing directly. When the goods and services tax council refuses the GST input tax credit to the customers of the insolvent entity on the basis of the unpaid dues of the latter. The matter […]

GSTN Issues Advisory Districts of Tamil Nadu

GSTN Issues Advisory GSTR-1 Filing for Some Tamil Nadu Districts

The GST portal gives the advisory as the Central Board of Indirect Taxes and Customs (CBIC) has extended the last date for filing form GSTR1 for November 2022 for registered persons whose principal place of business would be in some districts of Tamil Nadu. On 13th December 2022, the Government vide Notification No.25/2022 extended the […]

Budget 2023-24 May Adjust INR 5 Lakh Under Income Tax-free slab

Budget 23-24: Govt May Set Tax-Free Income Slab to INR 5 lakh

The makers of the policy would be investigating the forecast to rise the tax-free slab to Rs 5 lakh in the 2-year-old alternative personal income tax regime for making it effective to attract attention. Currently, the assesses do not pay income tax when their income is Rs 2.5 lakh or less than that. Surging the […]

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