BLOGS

FinMin clears air on binding nature of Council’s recommendation post SC Mohit Mineral verdict

Complete gamut of activities required for patient’s well-being from admission till discharge a ‘composite supply’ of health-care service

Important highlights of the Notifications issued on 13th July 2022

Section 194S-TDS on payment of VDA

Mandatory e-invoicing for companies with Rs 5 crore sales from January 2023

Update in GST portal on 08.07.2022 Removal of negative balance in cash ledgers of some composition taxpayers

Prescribing manner of re-credit in electronic credit ledger using FORM GST PMT-03A

Manner of filing refund of unutilized ITC on account of export of electricity

Withdrawal of Circular No. 106252019-GST dated 29.06.2019

Clarification on various issues relating to applicability of demand and penalty provisions under the CGST Act, 2017 in respect of transactions involving fake invoice

Mandatory furnishing of correct and proper information of inter-State supplies and amount of ineligible or blocked ITC and reversal thereof in return in Form GSTR-3B and statement in Form GST-1

Clarification on issue of claiming refund under inverted duty structure where the supplier is supplying goods under some concessional notification.

Clarification on various issue pertaining to GST

Notifications issued in pursuance of the decisions taken in 47th GST Council meeting

TDS on any benefits or perks given from 01.07.2022

Key Highlights of 47th GST Council Meeting

Highlights of the decisions taken by GST council on 28.06.2022

Cost Inflation Index for the FY 22-23

GSTR 2B showing duplicate ITC – message from GSTN

SC Ruling on Service Tax on secondment services of employees of overseas group company

Advance Tax For AY 2023-24

Karnataka Government extends last date to file GSTR 4 (Composition dealers) to 30th June 2022

Addition of 6% tax rate in GSTR-1 online

Additional Trade Name” under the same GSTIN

CBIC waives late fee for delay in filing GSTR-4 by composition dealers

CBIC requires strict disciplinary action where tax-officers force recovery during search,inspection,investigation

SC strikes down IGST on Ocean Freight

Incomplete GSTR-2B in some cases – regarding

Telangana Govt. introduces ‘Amnesty Scheme’ to settle pre-GST arrears; Prescribes tax-rates, timelines final

Tamilnadu GST & Central Excise Department issued a booklet on Faq on e-invoice final

Canteen Charges recovered from employees and free bus transportation provided to employees not leviable to GST

No ITC on laying pipeline outside factory premises, however, Member differ on credit eligibility on ‘pile foundation’ of storage tank

Annual Aggregate Turnover (AATO) computation for FY 2021-22

Due Date MAY 2022

No justification for in-transit stoppage of goods or vehicle in transaction between registered dealers

Madras HC- Citing mere technical breach without intention to evade tax, quashes penalty order

CBIC notifies 6 percent GST-rate on bricks from 01.04.2022

SC- State competent to tax ‘Lotteries’, a species of gambling; Reverses HC order

Kerala further extends due-date for filing annual Kerala Flood Cess return to Apr 30

CBIC amended circular on Proper officer under section 73 and 74 of the CGST Act 2017 and under the IGST Act 2017

GSTN Advisory; Auto-population of e-invoice details into GSTR-1

Maharashtra issues Guidelines for issuance of FORM GST DRC-07 for vehicles detained under E-way Bill provisions

FinMin records Rs. 1.33 lakh crore gross GST Revenue collection for February 2022

TN AAR- Rent-free accommodation provided by partner indirectly accrues as profit to firm, taxable

CBIC notifies reduction in e-invoicing turnover limit to Rs. 20 cr

AP AAAR – Denies exemption to building leased for use by students; Subsequent lessee’s activity a ‘separate supply’

Madras HC- Quashes orders cancelling registration citing ‘legitimate trade’ & ‘GST objective’, however, allows imposing penalty