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
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
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
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
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.
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
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
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
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
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
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
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
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
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
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