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There are higher chances that much amount than before will get out from your pocket to buy certain items from the next Monday (18th July 2022) since the GST upon them would soon set to rise. The government would revamp the GST on the goods and services complying with the 47th GST official meet held […]
In violation of Rule 142(1)(a) of the GST Rules, the Jharkhand High Court division bench has quashed the order in the summary of GST show cause notice without issuing show cause notice pursuant to Section 74(1). As the portion of the search performed via the respondents on the premises of the petitioner, M/s. Juhi Industries […]
The Central Board of Indirect taxes and Customs (CBIC) has provided a circular concerning to essential filing of the correct and proper details of the inter-state supplies and the amount of the ineligible/blocked Input Tax Credit and reversal in return in FORM GSTR-3B and statement in FORM GSTR-1. Board who has been issued a circular […]
There is distress in the sector and among the people in the medical sector because if the room rent of the hospital excluding ICU would surpass a limit of Rs 5000 per day then a 5% GST would be levied on it, says the GST council. While a 12% levy would be imposed on the […]
A host of procedural amendments in the GST compliances is being reported by the government, along with the levy of interest for the bogus usage of input tax credit and the turnover limit for furnishing the yearly returns for 2021-22 fiscal. GST administration investigated the changes at its meeting in the former week. Through the […]
The problems suffered by the registered dealers during furnishing the refund applications have no limit from the limitation time, interest on the late refund, and others. Which reveal their place in Tribunals and courts. In this, we have attempted to list some of the common problems suffered during filing the GST refund applications beneath the […]
To lessen the tax for the tour and the hospitality sector, the GST council’s fitment committee recommended imposing the tax on the margins incurred by the tour operators at an appropriate rate. A 5% GST would be imposed on the total tour cost without any utility of the ITC. The panel recommended a regularisation of […]
The clarifications seek the applicability of the demand and the penalty provisions on the transactions invoicing the bogus invoices. The GST officials in their next week’s meeting seem to acknowledge a proposal to draw clarity on the actions with respect to the entities engaged in Input Tax Credit claims that becomes a bigger source of […]
The Rajasthan Bench of Authority of Advance Ruling, secured with Vikas Kumar Jeph and M.S. Kavia held that GST would not be subjected to pay on the goods movement between the two units working beneath the identical GSTIN. The petitioner performs the business of manufacturing Thermocol, PET Bottles, Tableware, Kitchenware & Tiffin, Toilet ware, Plastic […]
