110 ViewsGSTIN shall be enhancing services on the GST portal on 1st Dec’22, 1:00 AM onwards. GST Portal services will not be available until 1st Dec’22 7:00 AM .The inconvenience caused is regretted. Source: GSTN
Updated GSTR-9 & GSTR-9C for F.Y. 2021-22
297 ViewsThe Author has enumerated all the changes in Form GSTR-9 and GSTR-9C that are optional/mandatory for F.Y. 2021-22 in a tabular form. The PDF referencer is attached in below link:
Online gaming tax, tribunal to top GST Council agenda
102 ViewsThe Goods and Services Tax Council is expected to discuss two key reports – one on taxation of online gaming, horse racing and casinos and another dealing with the setting up of GST Appellate Tribunal as it meets on December 17 via video-conferencing. The Group of Ministers on setting up of the GST Appellate […]
Union Finance Minister concludes pre-Budget meetings for forthcoming Union Budget 2023-24
111 ViewsUnion Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman chaired the pre-budget consultation meetings for Budget 2023-24 held in virtual mode from 21st to 28th November, 2022. The pre-budget meeting were concluded here today. More than 110 invitees representing 7 stakeholder groups participated in 8 meetings scheduled during this period. The stakeholder groups […]
No service tax payable on interest free security deposits taken from customer towards trading of shares
107 ViewsThe CESTAT bench of Ahmedabad (“the Tribunal”) in the case of Marwadi Shares & Finance Ltd. v. C.C.E &S.T.-Rajkot (Service Tax Appeal No. 12087 of 2017) held that the Service Tax is not liable to be paid on the amount collected from the customer as interest free security deposit against trading of shares which […]
Bombay HC orders restoration of GST registration cancelled u/s 29(1) of the CGST Act
114 ViewsThe Hon’ble Bombay High Court (“the High Court”) in the case of M/s. Euro Pratik Sales Corporation [W.P No.3380 OF 2022 dated November 17, 2022] allowed Petitioner to submit a physical application for restoration of Goods and Services Tax (“GST”) registration where application of cancellation was filed by petitioner. Facts: M/s Euro Pratik Sales […]
Instruction No. 04/2022-GST dt. 28.11.2022 – Manner of processing and sanction of IGST refunds
265 ViewsF. No. CBEC-20/08/02/2020-GST/1377-78 dt. 28.11.2022 Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs GST Policy Wing New Delhi, dated the 28th November, 2022 To, The Principal Chief Commissioners/ Chief Commissioners/ Principal Commissioners/ Commissioners of Central Tax (All) The Principal Chief Commissioners/ Chief Commissioners/ Principal Commissioners/ Commissioners […]
GST authorities lacks jurisdiction to examine correctness of credit transitioned from erstwhile tax regime
112 ViewsThe Hon’ble High Court, Jharkhand (“the High Court”) in the case of M/s. Usha Martin Ltd. v. Additional Commissioner & Ors. (W.P.(T) No. 3055 of 2022) dated November 10, 2022, quashed the proceedings initiated by Joint Commissioner (“the Respondent”) by issuing Show Cause Notice dated September 13, 2021 (“SCN”) under Section 73 of the […]
In case of change of AO, newly appointed AO shall continue proceeding from the stage where they were left by earlier AO
119 ViewsThe Hon’ble Supreme Court (“the Supreme Court”) in the case of Dy. Commissioner of Income Tax New Delhi v. M/s Mastech Technologies Pvt. Ltd. (Civil Appeal No. No. 8077 OF 2022) dated November 03, 2022 held that in case of transfer of Assessing Officer (“AO”), the new AO can only continue the proceeding from […]
No apple grower availed GST reimbursement: HP horticulture director
103 ViewsNo apple grower in Himachal Pradesh has availed the 6% GST reimbursement announced on apple packaging material. The Centre had announced to increase the GST on cartons and trays from 12% to 18% this year, which was opposed by the apple growers. It was after over a month-long protest that the Jai Ram Thakur-led […]