GST applicable on escalated Value of Contract: Maharashtra Authority of Advance Ruling (AAR) Maharashtra AAR – Issue on which ruling was sought : M/s. B. P. Sangle Construction Pvt. Ltd apply AAR to clarify whether the escalated value shall be added to taxable value U/s 15 of the CGST Act 2017. As per AAR, GST …
GST officer is not right in taking a stand that they do not have powers to rectify effective date of cancellation of taxpayer’s GST registration: High Court The GST officer is erroneous in asserting that they do not have the powers/authority to change the effective date of the cancellation of a taxpayer’s registration: High Court …
What is process of BE transmission status to GSTN at ICEGATE ? At ICEGATE, a new feature for verifying BE transmission status to GSTN has been enabled. BE transmission status to GSTN at ICEGATE : Due to a mismatch in GSTR-2B, taxpayers who have IGST credit on their bills of entry are having a lot of …
GST COMPLIANCE CALENDAR 2022-23 To comply with the different compliances, here is the GST compliance calendar for Financial Year 2022-23. Just keep track of everything and you’ll never miss a deadline. Always maintain your composure. GST COMPLIANCE CALENDAR 2022-23
Penalty on Harassment by GST Officer in granting GST Registration GST department was fined by the Allahabad high court for harassing people by copying their electricity bills in order to obtain GST enrollment. The petitioner Ranjana Singh is engaged in the business of providing employment through consulting, which falls under the ambit of the UP. …
Re-Availment Of Input Tax Credit Reversed BRIEF INTRODUCTION As per the section 16 of CGST Act, 2017, the eligibility and conditions in respect of availment of input tax credit has been provided. Thus, every person, registered under GST, would be entitled to claim credit in respect of input tax, being paid by them on supply of products or services or …
Read about the Application of GST on Contribution By RWA Members BRIEF INTRODUCTION With the introduction of GST in 2017, Entry 77 was introduced via Notification No. 12/2017-CT dated June 28, 2017. As per the notification, exemption was granted in respect of contribution, being received by RWAs in way over Rs. 7,500. As per the clarifications issued …
45th GST Council Meeting the GST council held its 45th GST Council meeting On the 17th of September, 2021, which resulted in revisions to the GST rate on goods and services, clarifications in various areas, and procedural improvements. All of the Recommendations and Changes are detailed here. Life-saving drugs Zolgensma and Viltepso used in the …
Self-certification in GSTR-9C vs. CA certification What exactly is GSTR-9? GST annual return GSTR 9C simplification GSTR-9 is an annual return that must be filed by registered taxpayers with a preceding financial year turnover of more than Rs. 2 crores. Outward supplies, tax liabilities, input tax credit claimed, refund claimed, and tax paid within the …
GST Department Notice – How to Deal with GST ASMT-10 Introduction Many taxpayers are receiving GST discrepancy notices in the form of GST ASMT-10 these days. The Goods and Services Tax (GST) has been in effect for four years. As a result of the department’s increased scrutiny of GST returns filed in the last four …