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The Bombay High Court took a case for cognizance on Monday regarding the use of coercive actions by GST authorities to collect taxes from taxpayers. The respondents argued in court that tax payments have already been paid voluntarily, and the court confirmed that the petitioner can ask for a refund if they have already paid […]
The number of E-way bill generation decreased to 8.60 crores in June from 8.81 crores in May, but it was still more than it was in April. The GST collection in July, for which data is not yet available and will be released on August 1, may be slightly affected by this. E-way bill is […]
The GSTR-3B tab on the GST Portal will only be accessed after GSTR-1 filing. The reason behind this is- GSTR-3B is a summary return as stated by the GSTR-1 filing details. In case you missed filing GSTR-1, GST Portal will not grant you access to the necessary information to generate GSTR-3B. This move has been […]
The GST Council is expected to define multi-utility vehicles (MUV) and crossover utility vehicles (XUV) in order to collect a 22 per cent compensation cess over and above the 28 per cent GST slab rate, according to the sources. The council will make it clear in its next meeting which will be held on July […]
The Bombay High Court has ruled that the IGST (Integrated Goods and Services Tax) paid on zero-rated supplies will be refunded to the petitioner along with 7% interest. A two-member bench consisting of Justice G.S. Kulkarni and Justice Jitendra Jain have determined that the petitioner has the right to claim a refund for the IGST […]
For the cases in which the registered individual performs the separate kind of business from the identical place of business within the state then he does not choose to get the separate registration within the same state, The West Bengal Authority for Advance Ruling (AAR) witnessed. Under the West Bengal Goods and Services Tax Act, […]
GST provisional attachment order is invalid post 1 year, Bombay High Court ruled. On 21st April 2022, the communication provisionally attaching the applicant’s bank account would be made illegal and is invalid by virtue of the provisions of Section 83(2) of the CGST Act. On 19th April 2023, the extension of the provisional attachment by […]
The GST would have given justice to the customers by reducing the rates corresponding with the former government, Union Finance Minister Nirmala Sitharaman mentioned. The GST would have surged the tax buoyancy for both states and the central government she added. By lowering the rates relative to the prior system, the GST has done the […]
In India, the collection of the GST revenue in June stood at Rs 1,61,497 cr, which is a 12% rise on the basis of year-on-year, stated by the Ministry of Finance. In April and May, Rs 1.87 lakh crore and Rs 1,57,090 crore was the GST collection, respectively. As per the government for the fourth […]
