Clipped from: https://taxguru.in/goods-and-service-tax/rcm-time-supply-rules-effective-1st-november-2024.html Summary: Effective November 1, 2024, new amendments to the CGST Act will change the time of supply rules for Reverse Charge Mechanism (RCM)
Category: GST
👌👌👌👌👌GST return time bar: No filing after 3 years of due date, taxpayers advised to file pending return – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/gst-return-time-bar-no-filing-after-3-years-of-due-date-taxpayers-advised-to-file-pending-return-452067-2024-10-30 The new changes will be implemented on the GST portal in early 2025. Therefore, taxpayers are urged to review their records and submit
👌👌👌👌👌GST Registration Cannot Be Cancelled for Non-Submission of SCN Reply: Allahabad HC
Clipped from: https://taxguru.in/goods-and-service-tax/gst-registration-cancelled-non-submission-scn-reply-allahabad-hc.html Laxmi Traders Vs Addl. Comm. Grade 2 (Appeal) (Allahabad High Court) In Laxmi Traders Vs. Additional Commissioner (Appeal), the Allahabad High Court addressed the
GST returns to become time-barred: No filing after 3 years | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/gst-returns-to-become-time-barred-no-filing-after-3-years-124103001362_1.html The taxpayers shall compile or reconcile requisite information to prepare the GST returns and file the returns within three years from the respective
👌GST returns to become time-barred after three years from early 2025 | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/gst-returns-to-become-time-barred-after-three-years-from-early-2025-124102901337_1.html GST Network on Tuesday said beginning early next year, GST taxpayers will not be able to file monthly and annual GST returns after
👌👌👌👌👌👌👌Date of online acknowledgement is date of filing GST appeal: Karnataka HC
Clipped from: https://taxguru.in/goods-and-service-tax/date-online-acknowledgement-date-filing-gst-appeal-karnataka-hc.html Date of online acknowledgement of appeal filed be considered as date of filing appeal Summary: In the case of Hitachi Energy India Ltd. v. State
👌👌👌👌👌👌👌CBDT Circulars Cannot Override Income Tax Act: Punjab & Haryana HC
Clipped from: https://taxguru.in/income-tax/cbdt-circulars-override-income-tax-act-punjab-haryana-hc.html Ishwar Chand Vs Union of India (Punjab and Haryana HC) In the case of Ishwar Chand vs Union of India, the Punjab and Haryana
👌👌👌👌👌Patna HC rules GST Appellate Authority must consider Grounds raised in Memo even while Considering Appeal Ex-Parte
Clipped from: https://www.taxscan.in/gst-appellate-authority-must-consider-grounds-raised-in-memorandum-even-while-considering-appeal-ex-parte-patna-hc/449734/ The Patna High Court ruled that the Goods and Services Tax ( GST ) appellate authority must consider the grounds raised in the
👌👌👌👌👌CBIC revises GST Notification on Renting Immovable Property RCM
Clipped from: https://www.taxscan.in/cbic-issues-corrigendum-to-gst-rcm-notification-on-renting-immovable-property-read-notification/449785/ In a significant update, the Central Board of Indirect Taxes and Customs ( CBIC ) has issued a corrigendum on October 22, 2024,
👌👌👌👌👌Rajasthan HC Stays GST Order Blocking ITC without Giving Hearing Opportunity
Clipped from: https://www.taxscan.in/rajasthan-hc-stays-order-u-s-86-aof-blocking-itc-without-giving-any-opportunity-of-hearing/450200/ In a recent case, the Rajasthan High Court stayed the order passed by Jurisdictional Range officer under section 86 A of the Central
👌Kerala HC directs Separate GST Proceedings for Each Financial Year Despite Consolidated SCN
Clipped from: https://taxguru.in/goods-and-service-tax/kerala-hc-directs-separate-gst-proceedings-financial-year-consolidated-scn.html Haries Muhammed Vs Assistant Commissioner (IB) (Kerala High Court) High Court of Kerala Directs Separate Proceedings for Each Financial Year in GST Case: Authorities
👌👌👌👌👌Cash Discounts Deductible in determining Transaction Value of Excisable Goods: SC
Clipped from: https://taxguru.in/excise-duty/cash-discounts-deductible-determining-transaction-excisable-goods-sc.html Purolator India Ltd. Vs Commissioner of Central Excise (Supreme Court of India) The Supreme Court of India recently delivered its judgment in the
👌👌👌👌👌👌👌Updated Detailed Analysis of Invoice Management System (IMS)
Clipped from: https://taxguru.in/goods-and-service-tax/updated-detailed-analysis-invoice-management-system-ims.html A new functionality is introduced by the GST portal to facilitate the user to address the issues regarding invoice corrections/amendments with vendors, which
Passing of ex-parte order without deciding case on merits untenable: ITAT Visakhapatnam
Clipped from: https://taxguru.in/income-tax/passing-ex-parte-order-deciding-case-merits-untenable-itat-visakhapatnam.html 14Anuradha Reddy Vs ITO (ITAT Visakhapatnam) ITAT Visakhapatnam held that dismissal of appeal and passing of ex-parte order by CIT(A) in absence of
👌👌👌Statement made during investigation before Central Excise Officer not reliable unless examined as witness: CESTAT sets aside Penalty Imposed
Clipped from: https://www.taxscan.in/statement-made-during-investigation-before-central-excise-officer-not-reliable-unless-examined-as-witness-cestat-sets-aside-penalty-imposed/448073/ The Delhi Bench of Customs, Excise and Service Tax Appellate Tribunal ( CESTAT ) has held that statement made during investigation before a central excise
👌👌👌👌👌RBI’s ‘TReDS’ platform bridging $600 bn funding gap for smaller firms | Finance News – Business Standard
Clipped from: https://www.business-standard.com/finance/news/rbi-s-treds-platform-bridging-600-bn-funding-gap-for-smaller-firms-124102201091_1.html Trade Receivables Discounting System (TReDS) introduced about a decade ago by the Reserve Bank of India has seen the engineering company’s cost of
GST collection falls, exports drop: Is India’s economic growth slowing? | Expert Views – Business Standard
Clipped from: https://www.business-standard.com/opinion/columns/gst-collection-falls-exports-drop-is-india-s-economic-growth-slowing-124102000732_1.html The index of industrial production (IIP), which tracks the output of eight core industries, such as coal, oil, and electricity, was negative in
👌👌👌👌👌 Invoice Management System may add compliance for GST assesses, say tax experts – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/invoice-management-system-may-add-compliance-for-gst-assesses-say-tax-experts/article68775504.ece First GSTR-2B based on IMS to be generated for October on November 14. The effort to enhance Input Tax Credit (ITC) ecosystem through Invoice Management System
👌👌👌👌👌👌👌Reverse Charge Mechanism in GST Regime with Chart
Clipped from: https://taxguru.in/goods-and-service-tax/reverse-charge-mechanism-gst-regime-chart.html Complete provisions of Reverse Charge Mechanism (RCM) under GST with updated Chart of Goods and ServicesArticle contains provisions related to Statutory Provision of
👌👌👌👌👌Granting opportunity to cross examine essential as addition based on 3rd party statement: ITAT Bangalore
Clipped from: https://taxguru.in/income-tax/granting-opportunity-cross-examine-essential-addition-based-3rd-party-statement-itat-bangalore.html Smt. Rekha Ganesh Vs ACIT (ITAT Bangalore) ITAT Bangalore held that granting an opportunity to cross examine essential when addition is made on
