Automated GST Return Scrutiny – Analyzing How It Will Work
On 29th April, 2023, Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman chaired a review meeting with Central Board of Indirect Taxes...
Entitlement of ITC between Date of Cancellation to Date of Restoration when Registration is...
The Rajasthan High Court has held that the assessee is entitled to lodge an ITC claim when the department considers the issue of revocation of GST...
Cross Charge GST on Branch & Head Office Reaffirmed by AAR – Massive Impact...
A recent advance ruling given by the Tamil Nadu bench in the case of Profisolutions, a private company, reaffirms that GST is applicable on services provided intra-company.
In this...
Summary of All GST Late Fees & Revocation – Amnesty Schemes 2023
1. Reduction/waiver of late fee if Forms GSTR-4, GSTR-9 & GSTR-10 of earlier periods are filed within April-June 2023
DefaultReduced late feeConditionNon-filing of Form GSTR-4 (Return...
Relief for Buyers on GST Rate on Water Connection, Electricity Installation, Development Charges &...
IN RE: M/S. PURANIK BUILDERS LIMITED, APPELLATE AUTHORITY FOR ADVANCE RULING, MAHARASHTRA has provided relief and Good News for All Flat Buyers with a Ruling that...
Invoice Hard Copy is Must to be Carried During Transportation of Goods
Soft Copy or Digital Copy of Invoice in Mobile won't do. It is must to carry Hard Copy of Invoice during Transportation of Goods...
{Opinion} If your Eway Bill has Expired, cancel it and generate new to avoid...
Recently, An assessee had sold 300 bags of Pan Masala to a dealer at Meghalaya. During transit inspection, it was found that expired e-way...
Uncovering Tax Evasion: GST Department to Analyze I-T & MCA Data for Non-Compliant Entities
The GST department's move to scrutinize data from the IT department and the MCA is a part of the government's broader strategy to boost...
ITC Against Purchases of Vouchers of Loyalty Reward Is Not Allowable – AAAR Rules...
The Karnataka Appellate Authority of Advance Ruling, AAAR in the case observed and has held that input tax credit (ITC) is not available on...
Supreme Court Landmark Judgement on ITC to be Disallowed unless Physical Movement of Goods...
In a Landmark Judgement, the Honb'le Supreme Court has held that producing invoices or payments through cheques are NOT Sufficient to claim ITC sufficient.
Over and and above the...
Steel scrap recycling faces GST hurdles
A reduction in GST rate on steel scrap from 18 percent to 5 percent will substantially reduce the cash flow burden from the supply...
Foreign Tourists Not Exempt From GST
There is no proposal to exempt foreign tourists shopping in the country from the Goods and Services Tax (GST), Union Minister for Tourism and...
GST on Online Gaming | Controversy, Challenges & Way Forward
Background
The term “online game” refers to games that is offered on the Internet and is accessible by a user through a computer resource. Online...
GST Queries For E-Commerce Seller and Its Affiliates
Query - 1, I want to start an Amazon affiliate and need the GST number, but I don’t have any company or business. So,...
Tax credits for charity spending by businesses may go
The government is likely to introduce amendments to Goods and Services Tax (GST) law through the Finance Bill, 2023, denying businesses credit for the...
GST Wing directed to identify Tax Evaders and increase GST collection by 23% up...
The GST wing was given instructions on how to increase the tax base in the UT, identify defaulters, and concentrate on analysis to stop...
18% GST Applicable on Sale of Parking along with Flat
Sale of Parking Space along with Flat is liable to taxed at 18% under GST and not as Composite Supply
2023 (1) TMI 81 -...
What is Bogus Billing in GST ?
The term Bogus Billing or Fake Invoice is not defined under the GST Act and can be referred to as ‘Non-Compliant GST Invoice’ which...
Budget FY24: International Road Federation seeks removal of GST on helmets
At present a GST of 18 per cent is levied on helmets. ”IRF…in a letter written to the Union finance minister Nirmala Sitharaman has...
BUDGET 2023: FINTECH COMPANIES HOPE FOR TAX BREAKS, GST RATIONALISATION
Fintech start-ups are hoping the Union Budget 2023 will have announcements that will mitigate regulatory burdens, provide tax incentives or breaks and offer infrastructure...
GST on EV Charging – Sale of Electricity or Service of Charging?
Where the Activity of charging qualifies as sale of Electricity, the same would be Exempted from GST. On the other hand, if it qualifies...
Budget 2023 Expectations of Travel and Hospitality Industry
Budget 2023: The hospitality industry has undergone a lot of turmoil over the last two years due to the Covid-19 pandemic. However, it has...
EV Industry Expectations from Budget 2023
With a massive $222 billion market, India is in the fourth spot when it comes to automobile manufacturing in the world. The financial year 2022 witnessed...
GUIDELINES FOR LAUNCHING OF PROSECUTION UNDER THE CENTRAL GOODS & SERVICES TAX ACT, 2017...
F. No. GST/INV/Instructions/2021-22
Ministry of Finance
Department of Revenue
Central Board of Indirect Taxes & Customs
GST-Investigation Wing
10th Floor, Tower-II
Jeevan Bharati Building
Connaught Circus, New Delhi – 110001
Dated 01/09/2022
INSTRUCTION No....
Kerala GST Invites Amnesty Applications – A Welcome Step !
The Kerala State GST department has invited applications from traders to avail of the amnesty scheme announced in the state budget 2022. Applications can...
Next GST Council Meeting May Exempt Small Online Retailers from Registration and Rejig Tax...
In a move that could boost the reach of small enterprises through e-commerce, small online sellers may soon be exempted from GST registration and the discussions...
Statutory and Tax Compliance Calendar for June, 2022
Statutory and Tax Compliance Calendar for June, 2022
We have tried to compile updates till 31st May, 2022 and please note List of Compliance may...
National Anti Profiteering Authority Likely to Subsume in CCI
The National Anti-profiteering Authority (NAA) is likely to merge with the Competition Commission of India (CCI) as the tenure of the GST watchdog is expired leaving...
Department Now Issuing More GST Audit Notices
The Central Board of Indirect Taxes and Customs (CBIC) will ensure that the growing number of GST audits meant to improve the quality of...