Companies are struggling to deal with increasing GST notices from different state departments as taxation is a centralised function in most companies and they, especially in services companies, find it difficult to segregate businesses per state. The number of such notices from states, seeking documents and representations as part of tax scrutiny, has increased significantly […]
Mandatory 2 Factor Authentication for EWB
Mandatory 2 Factor Authentication (for taxpayers with AATO above 100 Cr) is further extended till 20/08/2023 for the last time, based on requests from some of the taxpayers. After this no further extension will be provided. Users are requested to register for 2FA immediately and also create sub-users so that EWB activities are managed without […]
Over six crore Income Tax Returns filed in a new milestone, says Income Tax Department
Over six crore taxpayers had filed their income tax returns (ITRs) by Sunday evening, a day before the filing deadline, which the Income Tax Department termed a “new milestone” as this is significantly higher than the total returns filed by July 31, 2022. Nearly 26.8 lakh taxpayers filed their tax returns by 6:30 p.m. on […]
Over 4 lakh businesses to issue e-invoices as threshold lowers to Rs. 5 crore from August 1
Come August 1, an additional over 4 lakh assesses will be required to issue e-invoice mandatorily as the new threshold of aggregate annual turnover of Rs. 5 crore will be in place from said date. At present. the threshold is Rs.10 crore, which was Rs.500 crore when mandatory generation of e-invoice implemented from October 1, […]
Supply of question paper along with printing services to educational institution is exempted from GST
The AAR, Telangana, in the matter of M/s. Y S Hitech Secure Print Private Limited [TSAAR Order No. 08 of 2023 dated April 12, 2023] ruled that, the supply of printing services provided to educational institutions for question papers, OMR sheets, answer sheets, marks card etc. using his own paper and ink is a composite […]
No bar for prosecution under IPC merely because the provision of GST law prescribes punishment
The Hon’ble Jharkhand High Court in Anupam Kumar Pathak v. The State of Jharkhand and Ors. [W.P. (Cr.) No. 141 of 2022 dated July 04, 2023] held that the FIR logged and criminal proceeding initiated under Sections 120B/406/ 420/471 of the Indian Penal Code (“IPC”) cannot be quashed merely because of the reason that the […]
E-Invoicing compliance – A brief note
Manner of issuance of invoice Rule 48 of the Central Goods and Services Tax Rules, 2017 (CGST Rules) provides for the ‘manner of issuing invoice’. On 13th of December, 2019 sub-rule (4), (5) and (6) was inserted to rule 48 providing the additional condition for the manner of issuance of invoice. The newly inserted sub-rules […]
Hostel accommodation services exempted from GST from August 2021 till July 18, 2022
The AAR, Uttar Pradesh, in the matter of V S Institute & Hostel Private Limited [Advance Ruling No. UP ADRG 26/2023 dated May 08, 2023] ruled that hostel accommodation charging less than INR 1,000 per day from August 2021 till July 18, 2022 is exempt from GST. However, from July 19, 2022 and onward the […]
Supply of services by Co-venture to the business attracts GST
The AAR, Kerala, in the matter of M/s Choice Foundation [Advance Ruling No. KER/10/2023 dated March 10, 2023] ruled that supply of services to assessee to its own joint venture would attract GST as per Notification No. 11/2017 Central Tax (Rate) dated June 28, 2017 (“the Service Rate Notification”) since, the assessee and the joint […]
DEMAND ON ACCOUNT OF GSTR 2B & 3B MISMATCH AND LEGAL INTERPRETATION, LEGAL SUSTAINABILITY
Issuing demand notice on the account of mismatch between GST Returns (GSTR) are daily routine practice for the Revenue Officers, which can be settled/argued by reverting it with proper reconciliation along with its proper documentary evidences. Especially, after the 50th meeting of GST Council[1] and issuance of eight new circulars[2]; present matter is in the […]