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The Goods and Services Tax Network ( GSTN ) Under Rule 37A of the Central Goods and Services Tax Rules, has introduced a process for the reversal of Goods and Services Tax ( GST ) Input Tax Credit ( ITC ) when the supplier is unable to file the GSTR-3B return within the GST Portal. […]
It was mentioned by the Gujarat High Court that no blocking of the credit in the electronic credit ledger is there if the available balance is not enough. The Division Bench, including Justices Bhargav D. Karia and Niral R. Mehta, was hearing a case where the taxpayer argued that the blocking of Input Tax Credit […]
An unexpected issue emerged, in which it was stressed that technicalities made via the Department and not the assessee must not be put forth by the department to defeat the legal rights and entitlements of the assessees. It was carried out by the Bombay High Court that the related Revenue officials (respondent) could not refuse […]
Tax notices have been issued by the central government for Rs 10,000 crore to the automobile manufacturers for ‘failing to pay the compensation cess’ under the Goods and Services Tax (GST) on utility vehicles. The taxes relate to utility vehicles sold before 2022 and consist of popular models like Mahindra’s Thar and Scorpio, Tata Motors’ […]
The Group of Ministers (GoM) has the task of easing the structure of the Goods and Services Tax (GST) and for that, the meeting will be conducted on October 20 to deliberate on rate rationalization proposals pertinent to the foods, footwear, and textile items. The reviewed items are in the 12% tax bracket. Bihar Deputy […]
A new ‘GSTN e-Services’ app, has been introduced by the Goods and Services Tax Network (GSTN) and is on the Play Store, which has the purpose of facilitating tax compliance for traders, businesspersons, and merchants. The same app permits the users to track the history of transactions linked to their GST Identification Number (GSTIN). Through […]
The state tax department is preparing to levy the Goods and services tax (GST) on revenue generated through the transport department via the online auction of fancy (VIP) vehicle registration numbers. Also, the department is planning to impose GST on revenue made by the transport department via the license fee assessed through it from driving […]
It was carried by the Kerala High Court that the initiation of an inquiry or the summons issuance u/s 70 of the CGST Act could not be regarded to be the initiation of proceedings for the objective of section 6(2)(b) of the CGST Act. The Bench of Justice Gopinath P. noted that the term ‘initiation […]
The Central Board of Indirect Taxes & Customs (CBIC), quoting the GST council’s suggestions, has ‘regularised’ past show cause notices for tax demand issued to foreign airlines. It furnished a circular for the GST applicability of Preferential Location Charges (PLC) for residential or commercial properties. The board on the concepts of ‘as is’ and ‘as […]
