More than 1100 Amendment in GST Law by the Government - Dealers not allowed to rectify just one Mistake
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The Blogs
Incomplete GSTR-2B in some cases – Regarding.
Incomplete GSTR-2B in some cases – Regarding.
15/05/2022
It has been noticed that in a few cases, certain records are not reflected in the GSTR-2B statement for the period of April 2022. However, such records are visible In GSTR-2A of ...
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The provision granting mandatory one third deduction towards the value of land for computing value liable for GST is not sustainable in cases where the value of land is clearly ascertainable
The provision granting mandatory one third deduction towards the value of land for computing value liable for GST is not sustainable in cases where the value of land is clearly ascertainable
Under GST law in India, GST is applicable on ...
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The Provision Granting Mandatory one third Deduction towards the value of land for computing value liable for GST is unconstitutional
The Provision Granting Mandatory one third Deduction towards the value of land for computing value liable for GST is unconstitutional
Under GST law in India, GST is applicable on purchase of under-construction real estate.
It may be noted that the GST ...
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Mandatory 1/3rd Deduction of land in GST is ultra vires – Such standard deduction can only be optional and not mandatory
Mandatory 1/3rd Deduction of land in GST is ultra vires - Such standard deduction can only be optional and not mandatory
Under GST law in India, GST is applicable on purchase of under-construction real estate.
It may be noted that the ...
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Rajasthan GST: New Guidelines Issued for SGST Reimbursement by Hotels and Tour Operators which includes online facility of Application
Rajasthan GST: New Guidelines Issued for SGST Reimbursement by Hotels and Tour Operators which includes online facility of Application
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Construction Contract and Valuation of Land for GST liability
Construction Contract and Valuation of Land for GST liability
The issue of taxation of the real estate sector for the purpose of GST is always full of controversy and litigation. As per schedule III of the CGST Act sale of ...
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New tax rate of 6% introduced on certain goods
New tax rate of 6% introduced on certain goods
Reporting 6% rate in GSTR-1
10/05/2022
A new tax rate of 6% IGST or 3% CGST+ 3% SGST has been introduced on certain goods vide Notification No. 02/2022 dated 31st March 2022.Changes ...
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Interest & Penalty to be imposed only if credit was wrongly availed & utilised: HC
Interest & Penalty to be imposed only if credit was wrongly availed & utilised: HC
Aathi Hotel v. Assistant Commissioner (ST) (FAC) - [2022] 137 taxmann.com 435 (Madras)
Short Overview of the case:
The input tax credit was wrongly availed of VAT paid on ...
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1/3rd deduction towards Land in GST & Gujarat High Court Landmark Judgement
1/3rd deduction towards Land in GST & Gujarat High Court Landmark Judgement
Under GST law in India, GST is applicable on purchase of under-construction real estate. It may be noted that the GST is leviable on the entire contract value minus the ...
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Gujarat High Court gave GST relief to homebuyers, plot purchasers & real estate investors
Gujarat High Court gave GST relief to homebuyers, plot purchasers & real estate investors
Under GST law in India, GST is applicable on purchase of under-construction real estate. It may be noted that the GST is leviable on the entire contract ...
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Whether interest on delayed payment of GST, VAT, TDS, Service tax is an allowable expenses?
Whether interest on delayed payment of GST, VAT, TDS, Service tax is an allowable expenses?
One of the common question during assessment proceeding is regarding the allowability of deduction towards interest paid on GST, TDS, VAT etc. The question asked ...
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Revised guidelines for National Risk Management committee (nrmc) for Customs & GST
Revised guidelines for National Risk Management committee (nrmc) for Customs & GST
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The Uttar Pradesh GST Department vide Circular No. 2223004 dated April 20, 2022 has issued clarification on various issues w.r.t. the availment of Input Tax Credit (“ITC”), e-invoice and refund under GST provisions.
The Uttar Pradesh GST Department vide Circular No. 2223004 dated April 20, 2022 has issued clarification on various issues w.r.t. the availment of Input Tax Credit (“ITC”), e-invoice and refund under GST provisions.
The copy of the circular is as ...
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GST: Mentioning Registered office address instead of Factory address is a clerical mistake as per Circular No. CBEC/ 20/16/03/2017-GST dated 14-09-2018.
GST:
Mentioning Registered office address instead of Factory address is a clerical mistake as per Circular No. CBEC/ 20/16/03/2017-GST dated 14-09-2018.
The High Court of Madhya Pradesh, Jabalpur Bench has resolved the issue in a simple order. The petitioner M/s ...
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Issue of notice of hearing is a statutory requirement U/s. 75(4) Of CGST Act before imposition of tax or penalty.
Issue of notice of hearing is a statutory requirement U/s. 75(4) Of CGST Act before imposition of tax or penalty.
Application of Principle of "natural Justice" vis-à-vis Tax demand by authorities are inter-linked. This is the conclusion that can be ...
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An overview of the important GST Provision for the Financial Year 2022-23
An overview of the important GST Provision for the Financial Year 2022-23
Reset Invoice Number Series:
With the start of the new FINANCIAL YEAR, registered persons should start a new invoice series, unique for the financial year. It may be ...
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GST: Availability of ITC demo Cars
GST: Availability of ITC demo Cars
“Demo vehicles” is a regular feature in automobile sector wherein showroom has to offer the teste drive to the potential customers.
It has always played extremely important role in automobile sector. The demo vehicles are ...
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