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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.
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Hi Reader,
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Please find tax updates in Newsletter 46 dated 25.06.2022 as below:
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Index
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1. E-book on Notification, Circular etc. by Sri. Seethapati Rao Sir
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2. AAR Compilation of TN, Guj., Kerala, AP by Sri. Seethapati Rao Sir
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6. GST Notes by CMA Anil Sharma
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E-Book
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2025 Edition - Authored by Adv Ramesh Chandra Jena - Bharat Publisher
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GST to be paid on entire increased rent received for period 01.09.2005 to 31.08.2022: AAR 01 Aug 2024
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The Uttar Pradesh AAAR, in the case of S.S. Traders ruled that manufacturing of ‘cream’ which will contain vegetable fat to extent of 23% is nothing but a preparation of vegetable oil, classifiable under Heading No. 1517 90 90 and attract GST @ 5%.
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The AAR, Kerala in the case of M/s. P Achuthan Nair & Company where amount paid as differential dealer margin is in nature of a consideration received for agreeing an obligation to refrain from an act. Therefore, it squarely falls under clause (e) of SI No. 5 of Schedule and hence taxable to GST. Further, differential dealer margin is taxable under Heading No. 9997 at 18%.
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18% GST is applicable on the amount recovered from suppliers for not performing contracts within the stipulated period: AAR
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GST Law
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The Central Goods and Service Tax, 2017 updated as on 01.01.2022 as published by Central Board of Indirect Taxes and Customs - CBIC 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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GST in Media
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Centre has extended the last date for filing appeals before the Goods and Services Tax Appellate Tribunal (GSTAT) to July 31, 2026, giving taxpayers an additional month to submit their cases after a surge in filings led to technical difficulties on the GSTAT portal. The extension applies to appeals filed under Section 112(1) read with Section 112(3) of the Goods …
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GST & IDT Committee has requested the Chairman, IDT Committee, ICAI, New Delhi to urgently represent before the respective forums for the date extension of GSTAT, i.e., 30-Jun-2026.
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Tata Steel Limited said tax authorities have filed an appeal seeking restoration of penalties worth Rs. 368.72 crore that were earlier dropped in a GST adjudication order
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The Ministry of Finance on Thursday extended the deadline by two months till December 31 for submitting claims to settle pending disputes relating to government contracts. The Vivad se Vishwas II scheme was launched on July 15 to settle disputes in government contracts and the last date for submitting claims by contractors was October 31. The scheme is applicable to …
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Karnataka State Tax Practitioners Association (R) has submitted a request letter to Smt. Nirmala Sitharaman, Honourable Minister of Finance, Government of India, New Delhi on 14th August, 2023. The letter is regarding a request for providing an amnesty to all the GST assessment for the years 2017-18 to 2019-20 so that all interest and penalties will not be levied and …
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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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Hope the above updates is of use to you. Please share your input and feedback at taxupdate.otu@gmail.com
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