Clipped from: https://taxguru.in/goods-and-service-tax/rcm-liability-gst-purchases-unregistered-persons.html Though it has been more than 5 years of completion of GST and government has left no stone unturned to celebrate the successful
Category: GST
RCM One Case Study- Is There Any Solution
Clipped from: https://taxguru.in/goods-and-service-tax/rcm-case-study-solution.html X & Company during the Financial Year has following sales amount for his mining business :- Table-1 TURNOVER SGST @5% CGST@5% 1,00,00,000.00 2,50,000.00
Not intentional or mala fide delay in filing of an appeal is condonable
Clipped from: https://taxguru.in/income-tax/intentional-mala-fide-delay-filing-appeal-condonable.html Punjab State Warehousing Vs ITO (ITAT Amritsar) ITAT Amritsar held that appellant being a government undertaking is required to take necessary permission for
Requirement of e-way bill cannot be escaped by undervaluing goods
Clipped from: https://taxguru.in/goods-and-service-tax/requirement-e-way-bill-escaped-undervaluing-goods.html Radha Fragrance Vs Union Of India (Allahabad High Court) The Hon’ble Allahabad High Court in M/s. Radha Fragnance v. Union of India and Others
Place of Supply Provisions under GST
Clipped from: https://taxguru.in/goods-and-service-tax/place-supply-provisions-gst.html In GST, the concept of a place of supply has been made relevant not only for the supply of services but also for
All about the composition Scheme of GST for Small taxpayers
Clipped from: https://taxguru.in/income-tax/composition-scheme-gst-small-taxpayers.html Introduction The GST Composition Scheme was created to make GST payment easy for MSME businesses and simplify GST return filing. Small taxpayers can
Granting of personal hearing before submission of reply is against principles of natural justice
Clipped from: https://taxguru.in/goods-and-service-tax/granting-personal-hearing-before-submission-reply-is-against-principles-natural-justice.html Shree Shyam Granites and Marbles Vs Assistant Commissioner (ST) (FAC) ( Madras High Court) Madras High Court held that granting of personal hearing
🙏🙏Personal Hearing to be granted only after receipt of reply and where contemplation of adverse decision against petitioner: Madras HC
Clipped from: https://www.taxscan.in/personal-hearing-to-be-granted-only-after-receipt-of-reply-and-where-contemplation-of-adverse-decision-against-petitioner-madras-hc-read-order/254939/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Personal%20Hearing%20to%20be%20granted%20only%20after%20receipt%20of%20reply%20and%20where%20contemplation%20of%20adverse%20decision%20against%20petitioner:%20Madras%20HC Top Stories In a recent decision the Madras High Court observed that personal hearing to be granted only after receipt of reply and
👍DGGI issues Summons against 16 Insurance Companies for Alleged Fraudulent GST ITC Claims
Clipped from: https://www.taxscan.in/dggi-issues-summons-against-16-insurance-companies-for-alleged-fraudulent-gst-itc-claims/257473/ Top Stories The Directorate General of GST Intelligence (DGGI) has launched an investigation into over 16 insurance companies for fraudulent Input Tax Credit (ITC) claims.
👍Difference in Date of Dispatch and Date Assessment Order: Madras HC quashes Assessment Order
Read More: https://www.taxscan.in/difference-in-date-of-dispatch-and-date-assessment-order-madras-hc-quashes-assessment-order-read-order/257115/ Clipped from: https://www.taxscan.in/difference-in-date-of-dispatch-and-date-assessment-order-madras-hc-quashes-assessment-order-read-order/257115/ Top Stories The Madras High Court quashed assessment order as there was difference in date of dispatch and date assessment order.
Listen–How does it impact you if petrol is -taxed under GST? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/multimedia/audio/how-does-it-impact-you-if-petrol-is-taxed-under-gst/article66532850.ece In this podcast, Richa Mishra explains the impact of taxing petrol and diesel under GST. Finance Minister Nirmala Sitharaman recently, said that petroleum
Next phase for GST | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/next-phase-for-gst-123021900891_1.html Appellate tribunal will improve business environment The Goods and Services Tax (GST) Council in its 49th meeting took an important step towards establishing
👍👍GST Tribunal: Principal bench to decide on inter-state supply | The Financial Express
Clipped from: https://www.financialexpress.com/economy/gst-tribunal-principal-bench-to-decide-on-inter-state-supply/2986075/ No threshold has been set for hearing of matters but it is likely to be done based on internal limits, as in the
👍GST Council sets the ball rolling on Appellate Tribunal, but with some tweaks – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/gst-council-sets-the-ball-rolling-on-appellate-tribunal-but-with-some-tweaks/article66525973.ece It is expected that the Tribunal will be in place by the year end Finance Minister Nirmala Sitharaman addressing a press conference on
👍👍👍*Complexities in GST rules and amendments making it difficult for MSMEs to navigate: Amit Mitra – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/msme/complexities-in-gst-rules-and-amendments-making-it-difficult-for-msmes-to-navigate-amit-mitra/article66520703.ece Unable to cope with regulatory structure, complicated compliances and potential penalties, MSMEs are on the verge of becoming informal again, he said File
👍GST Council likely to decide on common audit manual for Centre, states | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/common-gst-audit-manual-for-centre-states-likely-at-council-meet-on-sat-123021700977_1.html GST Council may take up today expert panel’s proposal to avoid multiplicity of audits by central, state authorities The Goods and Services Tax (GST) Council
👍👍👍*[Tax on Gaming]The right bet on taxation? | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/the-right-bet-on-taxation/2983970/ Budget FY24 provisions on taxing the winnings in online games impose a large cost on gaming companies, in the form of a heavy
👍India looks to tap mom-and-pop stores to boost tax base – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/finance/india-looks-to-tap-mom-and-pop-stores-to-boost-tax-base/articleshow/97986669.cms Synopsis The GST – which subsumed a host of state and federal levies when it was introduced in 2017 – requires businesses with
