Clipped from: https://taxguru.in/goods-and-service-tax/input-tax-credit-output-supply-exempt-supply-supply-rcm.html Summary: Input Tax Credit (ITC) rules, under Section 17 of the GST Act, address how credits should be managed when goods or services are
Category: GST
👌👌👌👌👌Common Time Limit for GST Demand Notices & Orders , Regardless of Fraud or Misstatement
Clipped from: https://taxguru.in/income-tax/common-time-limit-gst-demand-notices-orders-fraud-misstatement.html Common time limit for issuing demand notices and orders, regardless of whether the case involves fraud, suppression, or willful misstatement under GST Introduction:
👌👌👌Personal Hearing Mandatory U/s. 75(4) Before Passing of Orders: Allahabad HC
Clipped from: https://taxguru.in/goods-and-service-tax/personal-hearing-mandatory-section-754-passing-orders-allahabad-hc.html Summary: In the case of M/s. Eveready Industries India Limited v. State of UP, the Allahabad High Court addressed the requirement of personal hearings under
Summary of show cause notice cannot substitute requirement of notice u/s. 73: Gauhati HC
Read more at: https://taxguru.in/goods-and-service-tax/summary-show-notice-substitute-requirement-notice-u-s-73-gauhati-hc.htmlCopyright © Taxguru.in Passing of ex-parte order without considering merits of case unjustified: Matter restored
👌👌👌Passing of ex-parte order without considering merits of case unjustified: Matter restored
Clipped from: https://taxguru.in/income-tax/passing-ex-parte-order-merits-case-unjustified-matter-restored.html Ambika Prashad Vs ITO (ITAT Chandigarh) ITAT Chandigarh held that passing of an ex-parte order by CIT(A) without considering the merits of the
👌👌👌👌👌Challenges faced by taxpayers due to inefficiency by GST department
Clipped from: https://taxguru.in/goods-and-service-tax/challenges-faced-taxpayers-due-inefficiency-gst-department.html Summary: India is positioning itself as a business-friendly destination, but inefficiencies in its tax administration present significant challenges for taxpayers. Despite initiatives like Make
👌👌👌Advisory on Validity of GST Notices/Orders Without Digital Signatures
Clipped from: https://taxguru.in/goods-and-service-tax/advisory-validity-gst-notices-orders-digital-signatures.html On September 26, 2024, an advisory was issued regarding the validity of documents such as Show Cause Notices (SCNs) and Orders issued by
👌👌👌👌👌Service of Notice Under GST Law: Key Requirements
Clipped from: https://taxguru.in/goods-and-service-tax/service-notice-gst-law-key-requirements.html Section 169(1) of the CGST Act, 2017 outlines the methods through which notices can be served by the department, such as personal delivery,
A Single SCN cannot be issued for multiple tax periods: Karnataka HC
Clipped from: https://taxguru.in/goods-and-service-tax/single-show-notice-issued-multiple-tax-periods-karnataka-hc.html Veremax Technologie Services Limited Vs Assistant Commissioner of Central Tax (Karnataka High Court) Summary: In Veremax Technologies Services Limited vs Assistant Commissioner of Central Tax,
GST officers detect 10,700 bogus firms, over Rs 10K crore evasion | India News – Business Standard
Clipped from: https://www.business-standard.com/india-news/gst-officers-detect-10-700-bogus-firms-over-rs-10k-crore-evasion-124092400519_1.html Speaking at an Assocham event, Shashank Priya also said that in future, the tax authorities may also put certain restrictions on new taxpayers
👌👌👌👌👌👌👌GST on Real Estate Sector: Key Rules and Rates
Clipped from: https://taxguru.in/goods-and-service-tax/gst-real-estate-sector-key-rules-rates.html Summary: The implementation of GST in India has significantly impacted the real estate sector, with varying tax rates based on the type of property
👌👌👌👌👌GST on Renting of Immovable Property: Applicability, Exemptions & Taxability
Clipped from: https://taxguru.in/goods-and-service-tax/gst-renting-immovable-property-applicability-exemptions-taxability.html The Goods and Services Tax (GST) on renting of immovable property is governed by specific provisions under the CGST Act, 2017. Renting or leasing
👌👌👌👌👌FAQs on Invoice Management System (IMS) in GST Portal
Clipped from: https://taxguru.in/goods-and-service-tax/frequently-asked-questions-ims.html The Invoice Management System (IMS) is a GST portal feature designed to streamline invoice handling for taxpayers. IMS allows recipients to accept, reject,
Is GST Registration Cancellation a ‘Capital Punishment’ for Traders?
Clipped from: https://www.taxscan.in/is-gst-registration-cancellation-a-capital-punishment-for-traders-analyzing-madras-hcs-insight/438907/ The cancellation of Goods and Services Tax ( GST ) registrations has emerged as a significant challenge for many small traders and businesses
GST demand orders cannot be passed without issuance of SCN: Jharkhand HC
Clipped from: https://taxguru.in/goods-and-service-tax/gst-demand-orders-passed-issuance-scn-jharkhand-hc.html Prity Dokania sole proprietor of M/s Samridhi Enterprises Vs State of Jharkhand (Jharkhand High Court) In the case of Prity Dokania Vs State of
Issuance of single consolidate notice u/s. 73 for multiple assessment year contravenes CGST Act: Karnataka HC
lipped from: https://taxguru.in/goods-and-service-tax/issuance-single-consolidate-notice-u-s-73-multiple-assessment-year-contravenes-cgst-act-karnataka-hc.html Bangalore Golf Club Vs Assistant Commissioner of Commercial Taxes (Karnataka High Court) Karnataka High Court held that the practice of issuing a single,
👌Madras HC: GST dept has to Verify Correctness of Returns and Particulars before Initiating Action u/s 73
Clipped from: https://www.taxscan.in/gst-dept-has-to-verify-correctness-of-returns-and-particulars-before-initiating-action-u-s-73-madras-hc-read-order/438238/ The Madras High Court has ruled that the Goods and Services Tax ( GST ) Department should thoroughly verify the correctness of tax
👌Madras HC Deems GST Cancellation ‘Capital Punishment,’ Demands Simpler Rules and SMS Alerts
Clipped from: https://www.taxscan.in/madras-high-court-calls-gst-registration-cancellation-capital-punishment-for-traders-orders-easier-rules-and-sms-alerts-in-regional-languages/437127/ In the recent case,the High Court of Madras called the cancellation of GST registration ‘capital punishment’ for traders. The court ordered the Goods
👌👌👌👌👌Corporate guarantee: A ‘yearly’ quandary – The Hindu BusinessLine
https://www.thehindubusinessline.com/business-laws/corporate-guarantee-a-yearly-quandary/article68456741.ece Clipped from: https://www.thehindubusinessline.com/business-laws/corporate-guarantee-a-yearly-quandary/article68456741.ece Amendment threatens to dent the working capital of businesses offering corporate guarantees to related parties The 53rd Goods and Services Tax (GST)
