lipped from: https://www.taxscan.in/cbic-constitutes-customs-central-excise-service-tax-settlement-commission-to-settle-tax-notices/237696/ Top Stories The Central Board of Indirect Taxes and Customs (CBIC) has constituted the much-awaited Customs, Central Excise & Service Tax Settlement Commission to resolve
Category: GST
Taxation On Online Gaming – A Taxation Perspective*******
Clipped from: https://taxguru.in/income-tax/taxation-online-gaming-taxation-perspective.html 1. WHAT IS ONLINE GAMING –A BRIEF INTRODUCTION ? Online gaming usually works on a subscription model i.e. users get charged only if they
Time of supply of services – Section 13 of CGST ACT 2017*****
Clipped from: https://taxguru.in/goods-and-service-tax/time-supply-services-section-13-cgst-act-2017.html In my previous article I have discuss Time of supply of Goods ……..Now let us discuss Time of supply of services- Time of
RCM applicability on Residential dwelling under GST*****
Clipped from: https://taxguru.in/goods-and-service-tax/rcm-applicability-residential-dwelling-gst.html As per Notification No. 05/2022- Central Tax (Rate) Dated: 13th July, 2022 issued by GST council which has came into effect from 18th July, 2022,
Ex-parte orders violates principles of natural justice & entails civil consequences
Clipped from: https://taxguru.in/goods-and-service-tax/ex-parte-orders-violates-principles-natural-justice-entails-civil-consequences.html National Co-operative Consumer Federation of India Limited Vs State of Bihar (Patna High Court) The Hon’ble Patna High Court in National Co-operative Consumer Federation
GST on rent of the residential and commercial property
lipped from: https://taxguru.in/goods-and-service-tax/gst-rent-residential-commercial-property.html From the Goods and Services Tax (GST) perspective, renting of residential and commercial property is treated as a ‘supply of service’. The present
RCM on supply of Security Services
Clipped from: https://taxguru.in/goods-and-service-tax/rcm-supply-security-services.html Reverse Charge Liability on supply of security services (security personnel) Reverse charge mechanism (RCM) basically imposes the obligation on the recipient of services
GST Refund claim By Unregistered Person
lipped from: https://taxguru.in/goods-and-service-tax/gst-refund-claim-unregistered-person.html Circular No 188/20/2022-GST, Dated: 27.12.2022 Circumstances where unregistered person can claim refund of GST paid: – 1. Construction Contracts: – Where an unregistered buyer who
Why is the GST Tribunal a non-starter? – The Hindu BusinessLine***
Clipped from: https://www.thehindubusinessline.com/opinion/why-is-the-gst-tribunal-a-non-starter/article66343216.ece The absence of a viable appellate authority is a major lacuna of the GST regime that needs to be addressed immediately Appellate tribunal:
Subsuming electricity into GST | Business Standard News*******
Clipped from: https://www.business-standard.com/article/economy-policy/subsuming-electricity-into-gst-123010300936_1.html This will reduce costs for businesses, eliminate cross-subsidy and reduce the inefficiencies in the use of electricity by the agriculture and residential sectors
Why is the GST Tribunal a non-starter? – The Hindu BusinessLine***
Clipped from: https://www.thehindubusinessline.com/opinion/why-is-the-gst-tribunal-a-non-starter/article66343216.ece The absence of a viable appellate authority is a major lacuna of the GST regime that needs to be addressed immediately Appellate tribunal:
Loose ends in the draft | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/loose-ends-in-the-draft/2935891/ The govt has done well to fast-track online gaming regulations, but certain provisions need to be fine-tuned MeitY appears to have made up
GST buoyancy: On GST revenues in December – The Hindu***
Clipped from: https://www.thehindu.com/opinion/editorial/gst-buoyancy/article66331268.ece December’s revenues signal some post-festive fervour in the economy At almost ₹1.5 lakh crore, Goods and Services Tax (GST) inflows in December 2022
Five areas for small businesses to look at for GST compliance | The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-2023-five-areas-for-small-businesses-to-look-at-for-gst-compliances-in-the-new-year/2932650/ Ease of doing business for MSMEs: Recent changes in GST have indicated the government’s plans for 2023. The authorities are strict in revocation
Food-beverages prepared in a restaurant to attract 5% GST, rules Gujarat AAR – The Hindu BusinessLine***
Clipped from: https://www.thehindubusinessline.com/economy/food-beverages-prepared-in-a-restaurant-to-attract-5-gst-rules-gujarat-aar/article66330047.ece The levy is irrespective of whether it is consumed inside the restaurant or takeaway Food & beverages prepared in a restaurant will attract
AAR & AAAR Weekly Round-Up***
Clipped from: https://www.taxscan.in/aar-aaar-weekly-round-up-6/241337/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=AAR%20&%20AAAR%20Weekly%20Round-Up Top Stories By Taxscan Team – On January 1, 2023 11:37 am This weekend summary provides an analytical synopsis of the most major stories about the
25 Important Income Tax High Court Judgments of 2022***
Clipped from: https://www.taxscan.in/25-important-income-tax-high-court-judgments-of-2022/241279/ Top Stories By Manu Sharma A S – On January 1, 2023 2:57 pm Bank liable to pay Income Tax on Interest on Sticky Loans/NPAs on
TDS deductible u/s 194C in case of Common Area Maintenance charges
Clipped from: https://taxguru.in/income-tax/tds-deductible-194c-case-common-area-maintenance-charges.html Johnson Watch Company Pvt. Ltd. Vs ACIT (ITAT Delhi) ITAT Delhi held that as common area maintenance (CAM) charges are for maintenance of
Now, claim refunds on cancelled flat booking, insurance policy – The Hindu BusinessLine*****
lipped from: https://www.thehindubusinessline.com/economy/now-claim-refunds-on-cancelled-flat-booking-insurance-policy/article66313313.ece The process requires the buyer to get temporary registration on the GST portal to claim the refund Experts say the government should consider
Change in GST Registration Rules notified by CBIC: Mobile Number and Email to be verified by OTPs
Clipped from: https://www.taxscan.in/change-in-gst-registration-rules-notified-by-cbic-mobile-number-and-email-to-be-verified-by-otps/239181/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Change%20in%20GST%20Registration%20Rules Top Stories By Manu Sharma A S – On December 27, 2022 5:42 pm The Central Board of Indirect Taxes and Customs (CBIC) has notified the amendments to the Central Goods
