GST Annual Return for the F.Y. 2018-19 : Due date 31.03.2020
Vide Order No.08/2019-Central Tax, dated 14.11.2019, CBIC has extended the due date of filing GST Annual return for the Financial…
Category: GST Article
Gist of GST Articles
Input Tax Credit (ITC) on Lift/Elevator installed in Housing Society
Applicant M/s. LAS PALMAS CO-OPERATIVE HOUSING SOCIETY LIMITED, a registered taxpayer in Mumbai has applied for Advance Ruling u/s 97…
IGST IS NOT APPLICABLE ON OCEAN FREIGHT UNDER RCM
GST is payable by a registered person supplying the goods or services or both. However, there is a provision under…
IGST paid wrongly under CGST will be refunded but the taxpayer has to pay tax under correct head
The Hon’ble High Court of Jharkhand has ruled on 18.12.2019 in the case of SHREE NANAK FERRO ALLOYS PVT. LTD…
Difference between advance money and deposit amount
There is a difference between advance money and deposit amount. The advance is received toward goods or services to be…
Input Tax Credit (ITC) cannot be denied due to technical glitches
The Goods and Service Tax has come into effect from 01.07.2017. It has subsumed large number of Central and State…
Refund cannot be denied merely based on the Circular
The Hon’ble Madras High Court in the case of M/S. PRECOT MERIDIAN LIMITED VERSUS THE COMMISSIONER OF CUSTOMS, THE ASSISTANT…
Refund of tax under GST
Section 54 of CGST Act, 2017 provides for refund of tax. Time-period to claim refund: Any person claiming refund of…
Availability of Input Tax Credit (ITC) in special circumstances
Section 18 of the CGST Act, 2017 provides for the availability of Input Tax Credit (ITC) in special circumstances. A…
Input Tax Credit eligibility and its restriction
The provision for Input Tax Credit (ITC) is given under Chapter V of CGST Act, 2017. Section 16 : Eligibility…