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Attention all taxpayers! The GST department has announced that starting from 1st September if you don’t have a valid bank account linked to your GST registration number, you won’t be able to file the GSTR-1 form under a new rule called GST Rule 10A. Effective Date for New GST Rule 10A Enforcement GST assessee should […]
It was ruled by the Allahabad HC that the production of tax invoice, e-way bill, GR, or payment details is not enough to show the actual physical movement of the transaction for the objective of claiming the ITC u/s 16 of the Goods and Service Tax Act, 2017. Section 16 of the Goods and Service […]
In between an ongoing legal battle on the GST application for Joint Development Agreement (JDA) in the real estate sector, the GST Council is anticipated to look into the problems, as the Group of Ministers recommended, on September 9 2024. It is anticipated that a GoM is likely to meet this week. The key terms […]
The applications for condonation of delay should have been regarded without being too hyper-technical and in a judicious manner, ruled by the Kerala High Court. It was noted by the bench of Justice Gopinath P. that the delay in audit report filing in Form-10B can be 30 days, as the law merely needs that the […]
Over 20,000 notices have been issued by the investigation arm of the GST authority all across India for the AY 2017-18 to AY2021-22, which comprises of tax demand of over Rs 80,000 crore, under the estimation. For distinct issues, the Directorate General of GST Intelligence has furnished the notices along with the alleged shortfalls in […]
The Central Board of Direct Taxes (CBDT) mentioned clarifying the problems in answer to the misinformation that the recent revision to Section 230(1A) of the Income-tax Act, 1961, does not need all Indian citizens to have an income tax clearance certificate (ITCC) before travelling to other countries. As per the Central Board of Direct Taxes […]
The Bombay High Court has quashed a Rs 2,237-crore GST demand raised against the company, Larsen & Toubro said. A Writ Petition by the Company was filed on August 14, 2023, in the Bombay High Court against the Show Cause Notice (SCN) issued by the Principal Commissioner of GST and Service Tax, Mumbai towards Service […]
The Madras High Court in a ruling, set aside the penalty of 300% mentioning that the GST department did not consider the same High Court ruling that Section 27(4) Tamil Nadu Value Added Tax (TNVAT) cannot be invoked for belated filing of returns. The applicant, Clean Switch India, contested an order on March 18, 2024, […]
The Delhi High Court in a ruling has set aside a GST demand of Rs 2, 33, 46,912, crores, quoting the non-receipt of SCN and the inaccessibility of the GST portal following the death of the director and the forthcoming closure of the business. The applicant, Retrovis Fashion Pvt. Ltd challenged an order on April […]
