Why Petrol Pump and Liquor dealers are not liable to mention Tax on their Bill Invoice?
Have you ever asked for an invoice after fueling up your vehicle? Ever noticed the lack of tax amount paid on it? Nearly 50% of petrol or diesel rates are various taxes and the sales
Govt Extends Time limit for Filing of Return by Composition Dealer [Read Notification]
The Central Government today notified that the time limit for filing GST return in Form GSTR-4 by the Composition dealer is extended to 24th December 2017. Unlike a normal taxpayer who needs to furnish 3
GST Audit: All You Need to Know
The Goods and Services Tax ( GST ) Act mandates the filing of Audit Report within 31st December of every year. Since GST is a trust-based taxation regime, the assessee is required to self-assess his
Maruti Dealer eligible to obtain Input Tax Credit on Purchase and Use of Demo Vehicles: AAR [Read Order]
The Authority for Advance Rulings (AAR), Goa has, while considering an application by a dealer of Maruti Suzuki held that the dealer can obtain input tax credit on the purchase and use of demo vehicles
Cabinet approves Amendment to GST Laws
The Union Cabinet has today approved the amendment to the Goods and Services Tax (GST) laws. This is the biggest amendment to be made in the GST laws after its rollout from 1st July 2017.
Composition Dealers need not Furnish Details of Inward Supplies from Registered Supplier in FORM GSTR – 4
The Finance Ministry has clarified that, Composition Dealers need not Furnish Details of Inward Supplies from Registered Supplier in FORM GSTR - 4 Doubts are being raised about the manner of filing the quarterly return
Car Dealer not eligible for ITC in respect of Inward supply of demo Vehicles: AAR [Read Order]
The Telangana Advance Ruling Authority (AAR) has ruled that car dealers are not eligible for Input Tax Credit (ITC) in respect of the inward supply of demo vehicles. M/s. Sai Service Pvt. Limited, the applicant
CENVAT credit Availed on Service Tax paid on Invoices Issued by Car dealers with Proper Description of Service as ‘Data Processing and Policy Servicing Activities’: CESTAT Quashes Demand of CENVAT credit [Read Order]
The Chennai bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) quashed the demand of the CENVAT credit of Service Tax paid on the invoices issued by the car dealers on the ground
VAT Dealer cannot Claim Refund/Avail ITC on Return of Purchased Goods after Limitation Period of 90 Days: Kerala HC [Read Order]
In a significant ruling, a division bench of the Kerala High Court has held that a dealer under the Kerala VAT Act is not entitled to claim any refund of tax paid on such purchase
GST Returns: GSTN reminds due date for filing GSTR-3B for Taxpayers having turnover above Rs.5 cr
The Goods and Service Tax Network (GSTN) reminded all the taxpayers having turnover above Rs. 5 Crores the due date for filing GSTR-3B is 20 February, 2021. The Taxpayers with an annual turnover of over
CBIC Notifies due dates for Furnishing of Return in FORM GSTR-3B for the months of October, 2019 to March, 2020 [Read Notification]
The Central Board of Indirect Taxes and Customs ( CBIC ) has notified due date for furnishing of Return in Form GSTR-3B for the months of October, 2019 to March, 2020. The Notification issued by
Delhi Govt extends due date for VAT Dealers to submit Closing Stock Details held by them prior to GST Rollout [Read Notification]
The Department of Trade and Taxes, Delhi directed all the dealers who were registered under the Delhi VAT ( Value Added Tax) to submit details of closing stock as held by them on 31st Mar
CBIC extends due date for filing GSTR-1 for July-September, 2019 [Read Notifications]
The Central Board of Indirect Taxes and Customs ( CBIC ) has extended Due date for filing GSTR-1 by monthly filers for July-September, 2019, to 11th day of succeeding such month. The Government has extended
Key Decisions of 36th GST Council Meeting: Tax on EVs Reduced
The 36th GST Council Meeting was held here today Via Video Conference under the chairmanship of Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman. The meeting was also attended by Union Minister of State for
Availment of CENVAT Credit for Service Tax paid to Car Dealers for Violation of IRDAI Guidelines: CESTAT upholds Demand and Penalty [Read Order]
The Chennai bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) upheld the demand for CENVAT credit and penalty imposed for the wrongful availed credit on the ground of violations of Insurance Regulatory