The Central Board of Indirect Taxes and Customs ( CBIC ) has issued a clarification on the utilization of Input Tax Credit under Goods and Services Tax ( GST ). The issue has arisen on...
The Central Board of Indirect Taxes and Customs ( CBIC ) has notified the third amendment, 2019 to the Central Goods and Services Tax Rules. The amended rules changed the due dates for filing returns...
The Authority for Advance Ruling (AAR) Madhya Pradesh has ruled that Input Tax Credit (ITC) is available on GST paid on vehicles provided to different customers on lease rent. The Applicant M/s Narsingh Transport, based in...
A two-judge bench of the Gujarat High Court has granted interim relief to a dealer where the Goods and Services Tax (GST) department had detained the goods for deficiency in the Lorry Receipt. The department...
The Tamilnadu Advance Ruling Authority has exempted Vadam/Papad made of Maida from GST. The order was based upon the application for advanced ruling by one M/s. Subramani Sumathi who are manufacturers of Maida Papad based...
Total Gross GST revenue collected in the month of March, 2019 is Rs. 1,06,577 crore of which CGST is Rs. 20,353 crore, SGST is Rs.27,520 crore, IGST is Rs.50,418 crore (including Rs. 23,521crore collected on...
In a bid to aid businesses with better cash flow management, the Central Board of Indirect Taxes and Customs ( CBIC ) has reversed its earlier notification and granted relief to the businesses in terms...
The National Anti-profiteering Authority (NAA) has held that the Kerala-based distributor Win Win Appliances guilty of profiteering Rs 32,926 by not passing on GST rate cut benefit to customers. The complainant alleged that the respondent, Win Win Appliances has...
The E-Way Bill portal created for generation of e-way bill across the country has informed that new features has been enhanced to the portal with a view to remove tax evasion attempts. As per a...
The Goods and Services Tax ( GST ) department, Maharashtra has notified the revised procedure for filing Advance Rulings applications and connected appeals. The notification prescribes the detailed procedure to file applications online by paying...
Total gross GST revenue collected in the month of February, 2019 is ₹ 97,247 crore of which CGST is ₹ 17,626crore, SGST is ₹ 24,192crore, IGST is ₹ 46,953crore (including ₹ 21,384crore collected on imports) and Cess is ₹ 8,476 crore (including ₹ 910crore collected on imports). Total...
Interestingly, the order was passed in March 2018, but reserved for publication till now. The Gujarat High Court has ruled that, price revision will not be allowed in Contract due to the change in Goods...
The Bombay High Court has allowed parallel Goods and Services Tax ( GST ) proceedings in two states. This petitioner has challenged an enquiry initiated by The Superintendent of CGST & Central Excise (AE) Mumbai....
The National Anti-Profiteering Authority ( NAA) has been constituted under Section 171 of the Central Goods and Services Tax Act, 2017 to ensure that the reduction in the rate of tax or the benefit of...
In a circular issued yesterday, the Central Board of Indirect Taxes and Customs ( CBIC ) has elucidated Effective date of Withdrawal from Composition Scheme. The CBIC has said that, “the effective date shall be...
The GST Council in its 31st meeting held today at New Delhi gave in principle approval to the following amendments in the GST Acts: Creation of a Centralised Appellate Authority for Advance Ruling (AAAR) to deal...
The Goods and Services Tax ( GST ) department has unearthed an evasion of Rs. 200 crores as a metal scrap business across Madhya Pradesh, Maharashtra and Gujarat availed input tax credit fraudulently. The GST...
The total gross GST revenue collected in the month of November 2018 is Rs. 97,637 crore of which CGST is Rs. 16,812 crore, SGST is Rs. 23,070 crore, IGST is Rs. 49,726 crore (including Rs. 24,133crore collected on imports) and Cess is Rs. 8,031 crore(including Rs. 842crore collected on imports)....
The total gross GST revenue collected in the month of October, 2018 is Rs. 100,710 crore of which CGST is Rs. 16,464 crore, SGST is Rs. 22,826 crore, IGST is Rs. 53,419 crore (including Rs. 26,908 crores collected on imports) and Cess is Rs....
The Authority for Advance Ruling (AAR), Tamil Nadu held that Input Tax Credit of the CGST & SGST charged in respect of brokerage services can be adjusted against output tax payable against Renting of immovable...
The Authority for Advance Ruling (AAR), Tamil Nadu has held that the liaison offices established with the prior permission of the Reserve Bank of India (RBI) and the activities of the same are strictly in...
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