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By, Mr. S. Kannan B. Com., LL.B When the GST Commissioner, extend time limit, to furnish details of inward supply, meanwhile, he himself could restrict time limit under section 16(4), is legally valid? (a) Vested Rights granted to every registered…
By, Mr. MANOJ NAHATA, FCA, DISA (ICAI) The doctrine of “Lex non Cogit Ad impossibilia” is an age-old maxim used globally as a measure of defense in various legal matters. In our Country also various judicial forum has appreciated this…
By CA RAJENDER ARORA, CA in Practice, Delhi The GSTR-1 and GSTR-3B for the Month of September that are to be filed in October holds an importance as it is assumed to be the last date for making entries/amendments for…
Source : GSTN/ News and Updates dated 17.10.2021 1.As per Section 16(4) of CGST Act, 2017, no taxpayer shall take input tax credit in respect records (invoices and debit notes) for supply of goods or services (or both) for Financial…
By Mr. C.A. Arup Dasgupa. FCA, CS, IFRS, Kolkata, West Bengal Email id : dgarup@gmail.com phone : 98315 03290 FAQ 1 : Why is everyone saying that the last date for availment of ITC for 2020-21 is very close? Reply…
The Central Board of Indirect Taxes and Customs (CBIC) on 20.09.2021 issued the following clarifications: Circular No. Title / Query / Representations Clarifications 159/15/2021-GST Clarification on doubts related to scope of “Intermediary” Definition of “intermediary” under IGST Act as well…
Author : By Mr. Ashish Miglani Section 50:- Interest on delayed payment of tax.— (1) Every person who is liable to pay tax in accordance with the provisions of this Act or the rules made there under, but fails to…
The Input Tax Credit (ITC) is a privilege given to the taxpayer by the Govt. The taxpayer is thankful for it but the condition put forward (by the Govt.) for enjoying it is not simple. The taxpayer has to ask…
Article by, Ms. Radhika Prabhu, Practising C.A. Partner- RPSP & Associates, Mumbai Input Tax Credit of GST is the basic right of the taxpayers and shall not denied under any circumstances whatsoever. The Central Government has imposed restrictions on availment…
Circular No. 142/12/2020-GST dated 09.10.2020 is been published by CBIC to clarify the application of rule 36(4) of CGST Rules for the period from February, 2020 to August, 2020. With effect from 09.10.2019, vide Notification 49/2019-Central Tax dated 09.10.2019, the…
