Latest update 18.03.2024
GST DAILY – 183
HC directs GST Dept. to expeditiously consider rectification application filed by assessee who claimed ITC under wrong head. Read more
GST DAILY – 184
No reversal of ITC on ground that supplier was non-existent if documentary evidence was duly produced. Read more
GST DAILY – 185
HC directs tax official to issue detailed SCN in case only summary SCN was issued. Read more
Lawgics – Judgment No. 91
considering the fact that the appellant could not participate in the assessment proceedings and the impugned assessment orders were passed ex-parte, they were set aside, and the assessing officer was directed to pass a fresh assessment order in accordance with the law after hearing the appellant. The said judgment has been challenged now. Read more
Compliances of GST in Banking Sector
GST & Indirect Taxes Committee of ICAI published Technical Guide on “Compliances of GST in Banking Sector”. Read more
Perquisites provided by the employer to the employee under the contractual agreement would not be considered as Supply under GST
The Gujarat AAR in the matter of Kohler India Corporation (P.) Ltd., held that where the Applicant under the Factories Act, 1948 entered into a contract with the canteen service provider to provide canteen facilities to workers, then the deductions made by the Applicant from the employees availing food in the factory would not be considered as a ‘supply’. Thus, the GST would not apply to the employee’s portion. Further, an Input Tax Credit will be available to the Applicant with respect to food and beverages as the canteen facility is obligated under the Factories Act.
Time spent in filing an appeal before the wrong authority is to be excluded while computing the limitation period
The Hon’ble Karnataka High Court in the case of SreeKrishna Hot Dip Galvanizers held that the time spent in preferring appeal before the wrong authority should be excluded while computing limitation period. Read more
Handbook on GST
TEPA: Norway to eliminate customs duties for almost 98 pc of imports from India
Shortly after New Delhi inked a USD 100 billion free trade pact with a four-member European bloc, Norway on Sunday said it will eliminate customs duties for almost 98 per cent of the imports from India under the framework of the pact. Read more
Sambalpur restaurant ordered to cough up Rs 30k for charging GST on Rs 20 mineral water bottle
The Sambalpur District Consumer Court penalised a restaurant at VSS Marg in Sambalpur for charging GST on a packaged drinking water bottle./ Read more
GST e-way bills analytics to be tracked real time, says EC
The government is tracking the Goods and Services Tax GST e-way bills analytics real time due to an unusual spike in demand for some goods and services, the Election Commission of India said on March 16. Read more
RBI injects Rs 75,000 crore before GST, advance tax payments
Zomato receives Rs 8.6 cr GST penalty notice from Gujarat’s Deputy Commissioner of State Tax
Zomato Limited has disclosed receiving a GST order from the Deputy Commissioner of State Tax, Gujarat, pertaining to fiscal 2018-19. Read more
Import Policy condition for Duck meat under chapter 2 of ITC (HS) 2022, Sch-I (Import Policy)
DGFT issued a Notification No. 78/2023 dated 16.03.2024 to amend the import policy condition for duck meat under chapter 2 of ITC (HS) 2022, schedule I (Import policy). Read more
Income Tax Offices shall remain open on 29th, 30th and 31st March 2024
The Central Board of Direct Taxes (CBDT) issued Order F. No. 225/53/2024-ITA-II dated 18.03.2024 u/s 119 of the Income-tax Act, 1961. Read more
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