Clipped from: https://www.taxscan.in/failure-to-discharge-burden-u-s-155-of-cgst-act-to-prove-eligibility-on-itc-claim-kerala-hc-dismisses-writ-petition/344304/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Failure%20to%20Discharge%20Burden%20u/s%20155%20of%20CGST%20Act%20%20to%20Prove%20Eligibility%20on%20ITC%20Claim:%20Kerala%20HC%20Dismisses%20Writ%20Petition The Kerala High Court dismissed the writ petition on failure to discharge the burden under section 155 of the Central Goods and Services
Category: GST
Industry should not seek tax exemption, says CBIC chief Agrawal – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/industry-should-not-seek-tax-exemption-says-cbic-chief-agrawal/article67513716.ece Clipped from: https://www.thehindubusinessline.com/economy/industry-should-not-seek-tax-exemption-says-cbic-chief-agrawal/article67513716.ece If there is need for simplification, then there should not be demand for exemption: Agrawal Central Board of Indirect Taxes & Customs
Over 100,000 small and mid-sized firms flout GST e-invoicing rules
https://www.business-standard.com/economy/news/over-100-000-small-and-mid-sized-companies-flout-e-invoicing-norms-123110901208_1.html Clipped from: https://www.business-standard.com/economy/news/over-100-000-small-and-mid-sized-companies-flout-e-invoicing-norms-123110901208_1.html The e-invoicing mechanism helps improve compliance and transparency in sales reporting, minimising errors and mismatches, and automating data entry Listen to This
GST exemptions disrupt input tax credit chain, will complex GST: CBIC chief
https://www.business-standard.com/economy/news/gst-exemptions-disrupt-input-tax-credit-chain-will-complex-gst-cbic-chief-123110801335_1.html Clipped from: https://www.business-standard.com/economy/news/gst-exemptions-disrupt-input-tax-credit-chain-will-complex-gst-cbic-chief-123110801335_1.html Indirect tax authorities to send intimation to businesses not complying with e-invoicing rules Representative Image Exemptions or lower rate of taxation sought
GST authorities raid Aviva Life Insurance over tax evasion allegations – The Hindu BusinessLine
https://www.thehindubusinessline.com/money-and-banking/gst-authorities-raid-aviva-life-insurance-over-tax-evasion-allegations/article67531678.ece Clipped from: https://www.thehindubusinessline.com/money-and-banking/gst-authorities-raid-aviva-life-insurance-over-tax-evasion-allegations/article67531678.ece Executives, including Aviva’s CEO and CFO, faced questioning amidst a broader probe into insurers accused of $610 million in unpaid dues due
Return of Mohit Minerals ruling: Madras High Court says GST Council cannot determine classification of goods – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/return-of-mohit-minerals-ruling-madras-high-court-says-gst-council-cannot-determine-classification-of-goods/article67531222.ece Clipped from: https://www.thehindubusinessline.com/economy/return-of-mohit-minerals-ruling-madras-high-court-says-gst-council-cannot-determine-classification-of-goods/article67531222.ece A single judge bench, in a recent ruling, held that flavoured milk would attract GST at the rate of 5 per cent
Extension Once made to Period of Limitation to issue order u/s 73 of GST cannot be Further Extended: Gujarat HC
Clipped from: https://www.taxscan.in/extension-once-made-to-period-of-limitation-to-issue-order-u-s-73-of-gst-cannot-be-further-extended-gujarat-hc/341561/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Extension%20Once%20made%20to%20Period%20of%20Limitation%20to%20issue%20order%20u/s%2073%20of%20GST%20cannot%20be%20Further%20Extended:%20Gujarat%20HC The Gujarat High Court has held that an extension once made to the limitation period to issue an order under section 73 of
New GST Appeal Amnesty Scheme Notification: What it Means for Taxpayers
Clipped from: https://www.taxscan.in/new-gst-appeal-amnesty-scheme-notification-what-it-means-for-taxpayers/339003/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=New%20GST%20Appeal%20Amnesty%20Scheme%20Notification:%20What%20it%20Means%20for%20Taxpayers In a move aimed at providing much-needed relief to taxpayers, the Central Board of Indirect Taxes and Customs (CBIC) has introduced the GST Appeal Amnesty
Goods Sent out of India on Approval basis does not Attract IGST at Time of Re-import : CESTAT Quashes Customs Duty Demand
Clipped from: https://www.taxscan.in/goods-sent-out-of-india-on-approval-basis-does-not-attract-igst-at-time-of-re-import-cestat-quashes-customs-duty-demand/341529/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Goods%20Sent%20out%20of%20India%20on%20Approval%20basis%20does%20not%20Attract%20IGST%20at%20Time%20of%20Re-import%20:%20CESTAT%20Quashes%20Customs%20Duty%20Demand The New Delhi bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) held that the goods sent out of India on an approval
October e-way bill generation hits all-time high at Rs 10.3 crore
https://www.business-standard.com/economy/news/october-e-way-bill-generation-hits-all-time-high-at-rs-10-3-crore-123110700284_1.html Clipped from: https://www.business-standard.com/economy/news/october-e-way-bill-generation-hits-all-time-high-at-rs-10-3-crore-123110700284_1.html Signals further boost in GST mop-up in November Listen to This Article E-way bills, or electronic permits, generated by businesses for transporting
https://www.business-standard.com/economy/news/finmin-launches-amnesty-scheme-for-filing-appeals-against-gst-demand-orders-123110300775_1.html Clipped from: https://www.business-standard.com/economy/news/finmin-launches-amnesty-scheme-for-filing-appeals-against-gst-demand-orders-123110300775_1.html The move will facilitate a large number of taxpayers, who could not file an appeal in the past within the specified time
Real estate cos, malls, airport operators to be taxed for supplying electricity with rent: CBIC – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/real-estate-cos-malls-airport-operators-to-be-taxed-for-supplying-electricity-with-rent-cbic/article67483292.ece Clipped from: https://www.thehindubusinessline.com/economy/real-estate-cos-malls-airport-operators-to-be-taxed-for-supplying-electricity-with-rent-cbic/article67483292.ece Electricity charges bundled along with rent or maintenance fee collected by real estate companies, malls, airport operators, etc from occupants will attract
Extended period of limitation cannot be invoked as issue involved interpretation of law
https://taxguru.in/service-tax/extended-period-limitation-invoked-issue-involved-interpretation-law.html Clipped from: https://taxguru.in/service-tax/extended-period-limitation-invoked-issue-involved-interpretation-law.html Bharat Electronics Limited Vs Commissioner of G.S.T. and Central Excise (CESTAT Chennai) CESTAT Chennai held that invocation of extended period of limitation
Resolving Ambiguity: HC Favors Taxpayers in GST Assessment Case
https://taxguru.in/goods-and-service-tax/resolving-ambiguity-hc-favors-taxpayers-gst-assessment-case.html Clipped from: https://taxguru.in/goods-and-service-tax/resolving-ambiguity-hc-favors-taxpayers-gst-assessment-case.html New Morning Star Travels Vs Deputy Commissioner (ST) (Andhra Pradesh High Court) The Andhra Pradesh High Court recently passed a judgment in
Remuneration to a director for providing corporate guarantee to be taxed under GST: CBIC – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/remuneration-to-a-director-for-providing-corporate-guarantee-to-be-taxed-under-gst-cbic/article67475419.ece Clipped from: https://www.thehindubusinessline.com/economy/remuneration-to-a-director-for-providing-corporate-guarantee-to-be-taxed-under-gst-cbic/article67475419.ece GST Council on Oct 6 gave two recommendations on corporate guarantee Remuneration or consideration received, directly/indirectly by a serving or separated director,
Finance Ministry notifies prospective 18% GST on parent company’s guarantees – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/finance-ministry-notifies-prospective-18-gst-on-parent-companys-guarantees/article67464669.ece Clipped from: https://www.thehindubusinessline.com/economy/finance-ministry-notifies-prospective-18-gst-on-parent-companys-guarantees/article67464669.ece Additionally, a separate notification allows suppliers to Special Economic Zones to claim GST refunds, easing working capital concerns for the domestic industry
GST tribunal: Off to a good start
https://www.business-standard.com/opinion/columns/gst-tribunal-off-to-a-good-start-123102601261_1.html Clipped from: https://www.business-standard.com/opinion/columns/gst-tribunal-off-to-a-good-start-123102601261_1.html The appellate tribunal currently being constituted should draw upon past experiences to ensure speedy and timely resolution of disputes The long-awaited Goods
GST Council: collective consensus – The Hindu BusinessLine
https://www.thehindubusinessline.com/news/gst-council-collective-consensus/article67427328.ece But it has challenges such as fake identities, invoices and registrations The GST Council has become synonymous with cooperative federalism. The Council has members
Kerala GST Department issues Instructions for Issuing Separate Notices to Taxpayers under Sections 73 & 74 of the KGST Act
Read More: https://www.taxscan.in/kerala-gst-department-issues-instructions-for-issuing-separate-notices-to-taxpayers-under-sections-73-74-of-the-kgst-act/331797/ lipped from: https://www.taxscan.in/kerala-gst-department-issues-instructions-for-issuing-separate-notices-to-taxpayers-under-sections-73-74-of-the-kgst-act/331797/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Kerala%20GST%20Department%20issues%20Instructions%20for%20Issuing%20Separate%20Notices%20to%20Taxpayers%20under%20Sections%2073%20&%2074%20of%20the%20KGST%20Act In accordance with its authority under Section 168 of the Kerala State Goods and Services Tax (KSGT) Act 2017, the KGST
GSTN Enables Unregistered Suppliers to Enroll for E-commerce Goods Supply
https://taxguru.in/goods-and-service-tax/facility-enrolment-supply-goods-e-commerce-operators-gst-un-registered-suppliers.html Clipped from: https://taxguru.in/goods-and-service-tax/facility-enrolment-supply-goods-e-commerce-operators-gst-un-registered-suppliers.html The Goods and Services Tax Network (GSTN) has introduced a new facility that allows unregistered suppliers to enroll for the supply of
aniltikotekar4sme.com 