The Maharashtra Advance Ruling Authority (AAR) has ruled that the companies cannot avail input tax credit under the GST regime in respect of Gold Schemes offered to the customers to promote business. The applicant, Biostadt...
The GST Council meeting scheduled to 19th March, Tuesday to form realty rules gets approval from the Election Commission. As the date for Lok Sabha elections has been declared, there were reports that the meeting...
The Goods and Services Tax ( GST ) department has unearthed an evasion of Rs. 1289 Crores was raised and around Rs 224 crore illegal input tax credit was availed in the last 18 months...
Amit Parmar is a Senior Vice President in GST Platform, Vayana Network. Amit brings in 11 years of experience in Banking and Technology. In his long stint with HSBC as a corporate banker, Amit handled...
Real estate sector is one of the largest contributors to the national GDP and provides employment opportunity to large numbers of people. “Housing for All by 2022” envisions that every citizen would have a house...
The Central Government has extended due date for filing the period for submitting the declaration in Form GST TRAN – 1 from January 31, 2019 to March, 2019 for the class of registered persons who...
The GST Council in the 31stmeeting held on 22nd December, 2018 at New Delhi took following decisions relating to changes in GST rates, ITC eligibility criteria, exemptions and clarifications on connected issues. The same would be...
GST Council is expected to convene its 31st meeting on 22nd December, 2018 and is likely to deliberate over the following range of issues: 1. Tax rate rationalization: The council is considering reducing rates on...
To recapitulate, different units of the same entity functioning in different States are treated as “distinct persons” under the GST law and supply of goods or services or both between such “distinct persons”, even if...
A two-judge bench of the Delhi High Court has allowed the petitioners to file GSTR-3B manually. Grievance Redressal Forum of the GST Council which has noted in its minutes of meeting dated 21.08.2018 that the...
A two-judge bench of the Supreme Court last week upheld the constitutionality of section 19(5)(c) of the Tamilnadu Value Added Tax Act and Rule 10(9)(a) of the VAT Rules. The appellant was aggrieved by the...
The Institute of Cost Accountants of India (ICMAI) has released a guidance note on GST Annual Return. Last month, the Government has notified a new return form for goods and services tax (GST) that will...
The Uttarakhand Authority of Advance Rulings (AAR), while disposing an application by Vindhya Telelinks Ltd., held that Input Tax Credit (ITC) is available on ‘Telecom Equipments’ installed on Mobile Towers since they have separate function...
The National Anti-profiteering Authority (NAA) has deleted the profiteering charges against N P Foods (a franchisee of M/s Subway India) by holding that an increase in base price to compensate for denial of Input Tax...
The Authority for Advance Ruling (AAR) has held that the food, soft drinks and snacks supplied in Snack bar and food court would be taxable at 5 percent under the Goods and Services Tax (GST)...
In a bid to contribute in the drafting of simple, transparent, & fair GST laws in India, the Institute of Chartered Accountants of India (ICAI) has submitted their suggestions to the Government on the newly...
The Authority for Advance Rulings (AAR), West Bengal has held that the Indian Oil Corporation is not eligible to avail Input Tax Credit (ITC) on the GST paid on the railway freight for transportation of...
Gurugram Zonal Unit of the Directorate General of GST Intelligence (DGGI) has arrested two businessmen, namely, Sh. Vikas Goel, Director of M/s Mica Industries Ltd, Delhi and Bhiwadi& M/s. Satellite Cables Pvt Ltd., Bhiwadi and...
While hearing applications filed by 109 home buyers, the National Anti-profiteering Authority (NAA) has imposed the penalty on a builder for not passing the benefit of Input Tax Credit (ITC) to the Applicants in respect...
The Authority for Advance Rulings (AAR), Maharashtra has ruled that 12% GST (8% GST after deducting the value of land) would be levied in case of Affordable Housing Project. The authority clarified that if the...
The Central Board of Indirect Taxes and Customs (CBIC) has extended the due date for filing GST TRAN-1 to taxpayers who could not file the same due to the technical issues in the GST Portal....
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