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M/s Stellar Cold Chain Inc. asked for an advance ruling u/s 97 of the Central Goods and Services Tax (CGST) Act, 2017, and Uttarakhand State Goods and Services Tax (SGST) Act, 2017. The petitioner is in the business of cold storage in Uttarakhand, processes raw green peas into frozen peas, and furnishes storage and refrigeration […]
Discovering that the hearing notices were not duly served via the CIT(A) or the AO and resultantly the assessment order was passed ex-parte, the Kolkata ITAT asked the taxpayer to provide its correct address before the competent authority. The Bench of Sanjay Garg (Judicial Member) and Sanjay Awasthi (Accountant Member) noted that “the assessee has […]
The GST (Goods and Services Tax) council has provided clarification on the taxability of wreck and salvage values in motor insurance claims. It has stated that general insurers are liable to pay GST on the disposal or sale of the salvage after settling the claims. Salvage value is directed to the value of the damaged […]
Clarification concerning GST liability and input tax credit (ITC) availability in cases of Warranty/ Extended Warranty, in furtherance to Circular No. 195/07/2023-GST on 17.07.2023 has been issued by the Central Board of Indirect Taxes and Customs (CBIC). Circular No. 195/07/2023-GST dated 17.07.2023 clarified specific issues concerning GST liability and availability of input tax credit (ITC) […]
The Madras High Court in a ruling addressed the problem of the rejection of the response of the assesses in the GST proceedings. The case of Jupiter & Co. versus the Deputy State Tax Officer emphasized differences in how tax authorities regulated the explanations of the applicant under the Tamil Nadu Value Added Tax Act, […]
The order was been quashed by the Bangalore Bench of Income Tax Appellate Tribunal ( ITAT ) rejecting the approval u/s 80G of the Income Tax Act as the Central Board of Direct Taxes ( CBDT ) has extended the deadline for filing Form 10A/10AB via press release on April 25, 2024, to June 30, […]
Chief Minister Pramod Sawant has been appointed as convenor of the reconstituted GST Council Group of Ministers (GoM) to enhance the real estate sector under the GST regime. In an official statement, this was quoted by the office of the Goods and Services Tax Council. By the State, Sawant was appointed as a permanent member […]
The Madhya Pradesh Cabinet decided that state ministers shall pay their income tax on salaries and allowances, striking down a 1972 rule under which the state government paid it for them. Urban Administration Minister Kailash Vijayvargiya expressed the proceed was proposed by Chief Minister Mohan Yadav at the time of the Cabinet meeting. “The Chief […]
Uttar Pradesh, Tamil Nadu, and Maharashtra lead in filing Goods and Services Tax (GST) returns monthly, demonstrating their economic prospect, showed by GSTN data, and the company processing tax returns. Monthly compared to Maharashtra, Uttar Pradesh, and Tamil Nadu file more returns. On the last month of every quarter, Maharashtra is ahead when smaller businesses […]
