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This website contains information about recent changes mainly in GST laws. It also contains Articles on various topic in GST. Please visit the website and read more.
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Book by CMA Anil Sharma
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CMA Anil Sharma, B.Com (Honrs), M.Com, FCMA co-author of the book
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Handbook on GST Audit by Tax Authorities has authored yet another book
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title Goods & Service Tax – Some Perceptions and Reflections. Buy now at Price Rs.300/-.
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Subscribe
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Please subscribe "Newsletter for Rs. 99/- for one year". This nominal fees is to mitigate the cost of emailer.
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Hi Reader,
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Please find tax updates in Newsletter 63 dated 21.12.2022 as below:
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Index
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6. GST Notes by CMA Anil Sharma
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1. Press Release
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Top Tax Officials Deliberate on Key Issues Concerning the Income Tax Department at Conclave
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Based on ground intelligence and analysis of data on outward foreign remittances, the Income Tax Department has identified several suspicious entities that remitted large amounts of foreign exchange over the last three years.
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Months long investigation reveals defrauding exchequer of over Rs. 2,500 crore (approx.); Rs. 75 lakh cash, 160 MT areca nuts seized (approx.); Nine arrested
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The amendments in the MSMED Act to facilitate growth and development of MSME sector
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The Preventive Wing of the Central Goods and Services Tax (CGST) Commissionerate, Shimla, has uncovered an alleged GST fraud involving input tax credit of around ₹5.55 crore in the Kala Amb industrial area of Sirmaur district.
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GST officers have arrested a partner of a firm engaged in trading of iron and steel goods for fraudulently availing input tax credit of over Rs 15.78 crore.
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The Superintendent of Central GST, Mohit Pratap Singh, was caught while allegedly accepting a bribe of Rs 8 lakh through a mediator, the Lokayukta said.
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Punjab’s excise and taxation officials detained 170 vehicles carrying goods suspected to be in violation of GST provisions, officials said on Monday.
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3. GST Law
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The Central Goods and Service Tax, 2017 updated as on 01.10.2022 is reproduced below for your easy reference and reading. Your suggestion / feedback is welcome at taxupdate.otu@gmail.com THE CENTRAL GOODS AND SERVICES TAX ACT, 2017 (OF 2017) AS AMENDED BY THE - THE CENTRAL GOODS AND SERVICES …
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Free E-Book on CGST Act, 2017 updated upto Oct 2022 compiled by Sri Ghanshyam Upadhyay
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4. Income Tax in Media
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The September 30, 2026 deadline for filing tax audit reports for assessment year (AY) 2026-27 is fast approaching, but the government has not announced any extension so far.
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The Union government has moved the Supreme Court against a Punjab and Haryana High Court ruling that declared Section 147A of the Income Tax Act unconstitutional, a decision that has raised questions over the validity of reassessment proceedings conducted by jurisdictional tax officers.
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The West Bengal Authority for Advance Ruling (AAR) has held that electricity charges recovered by a commercial building maintenance company from occupants at actual cost, without any markup or profit, will not attract Goods and Services Tax (GST).
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Blood donation camps may help save lives, but organising them does not qualify as a charitable activity for GST exemption, the Gujarat Authority for Advance Ruling (AAR) has ruled, according to Times of India.
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Papad is once again in the spotlight at the Authority for Advance Rulings (AAR)—this time over a key ingredient, Papad Khar, rather than its shape. The Gujarat AAR has ruled that this essential ingredient will be taxed at an 18 per cent GST rate.
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6. GST Notes by CMA Anil Sharma
1) CGST Act in Slides form: Respected Shri CMA Anil Sharma, Shri CMA Gurdev Singh Saini and Respected Smt. CMA Bhawna Sharma presenting CGST Act / IGST Act in simple language in PPTs to make dealers, professionals, academicians, students etc. understand the basics of GST laws. Each Chapter in CGST Act, 2017 is explained in the form of Slides as given below for easy understanding of the Act:
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a) GST ITC Draft Replies & Internal Controls (with Accounting Treatments & Dcoumentations)
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Authored by CA Vishal Poddar, Adv. Nitin Sharma, CA Pooja Garg.
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b) CMA Anil Sharma, B.Com (Honrs), M.Com, FCMA co-author of the book
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Handbook on GST Audit by Tax Authorities has authored yet another book
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title Goods & Service Tax – Some Perceptions and Reflections. Buy now at Price Rs.300/-.
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Hope the above updates is of use to you. Please share your input and feedback at taxupdate.otu@gmail.com
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If you wish to share your article with maximum readers then please send them at taxupdate.otu@gmail.com. We shall publish it with all due credit to you.
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