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GST Order Invalidated if Demand Surpasses SCN Amount: Madras HC Ruling
In the legal proceeding of Nanjappan Senthilkumar v. Deputy Commercial Tax Officer (2024) TaxCorp(GST) 42307 (HC-MADRAS), the Madras High Court ruled that GST orders issued under Section 73 of the Cen...
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No GST on the Supply of Electricity: Insights from Maharashtra's AAR
OverviewIn a significant ruling, the Maharashtra Authority for Advance Rulings (AAR) concluded in the case concerning AES Engineering Solar (P.) Ltd. (case number GST/ARA/04 of 2023-24/2024-25-57) tha...
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Recent Updates from GSTN: ITC Reversal, Invoice System, and Data Management
Overview of September 2024 AnnouncementsIn September 2024, the Goods and Services Tax Network (GSTN) released crucial advisories that taxpayers need to consider. These updates encompass a range of iss...
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ITC Blocking under Rule 86A is Not a Tax Collection Tool: Verdict by Delhi High Court
In a noteworthy judgment, the Delhi High Court dealt with a critical interpretation of Rule 86A of the Central Goods and Services Tax (CGST) Rules, 2017, in the case of Best Crop Science Pvt. Ltd. vs....
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Modifications Introduced in the Goods and Services Tax Act by the Finance (No. 2) Bill 2024
The Finance (No. 2) Bill of 2024 seeks to introduce substantial modifications to the Central Goods and Services Tax (CGST) Act, 2017, with the aim of optimizing and fortifying the GST structure. Below...
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GST Compliance Schedule for October 2024
As we step into October 2024, businesses in India must keep a close watch on their GST compliance responsibilities to prevent disruptions in operations and avoid potential fines. This detailed guide e...
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Key GST Actions for FY 2023-24: Essential Steps Before Filing October 2024 Returns
As the government intensifies efforts to streamline GST compliance, recent statistics indicate that most cases at legal forums involve data discrepancies, with fewer relating to law interpretation. Th...
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October 2024 Tax and GST Compliance: Key Deadlines and Requirements
1. Income Tax Act, 1961: Essential Compliance DatesDeposit of TDS/TCS for September 2024: Taxes deducted or collected during September must be deposited by October 7, 2024. For government offices proc...
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Flexibility in ITC Claims for FYs 2017-2021
OverviewVarious challenges, such as financial difficulties, a lack of awareness among assessees or their advisors, and the cancellation of GST registrations, have obstructed registered individuals fro...
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Government Announces Implementation Dates for 44 Amendments in GST Legislation
Overview of GST Amendments Under the Finance Act (No. 2) 2024On September 27, 2024, the Ministry of Finance issued Notification No. 17/2024–Central Tax, marking the implementation dates for 44 amendme...
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RCM Liabilities on Procurement of Inputs and Input Services from Non-Registered Vendors in India
Overview of RCM Liabilities for Real Estate DevelopersPromoters in the real estate sector within the GST framework must source at least 80% of their inputs and input services from registered vendors t...
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RCM on Inbound Sea/Air Freight : Case Studies
OverviewThe Goods and Services Tax (GST), operational since July 1, 2017, has seen a significant number of changes, particularly concerning freight services. Effective October 1, 2023, amendments thro...
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Suspension of GST Recovery on Seigniorage Fees and Mining Leases by Madras HC Awaiting Supreme Court Verdict
IntroductionThe Madras High Court has halted the enforcement of Goods and Services Tax (GST) on seigniorage fees and mining leases, pending a ruling by the Supreme Court. This decision pertains to a l...
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GST on Renting Immovable Properties: Regulations, Exemptions and Checklists
Introduction The leasing of immovable property is recognized as a service delivery under the GST regimen, warranting an 18% tax imposition. The rental of commercial properties always incurs GST charge...
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GST Act and IPC: A Ruling by MP High Court
OverviewIn a landmark ruling, the Madhya Pradesh High Court in the case of Deepak Singhal v. Union of India (Writ Petition No. 21641 of 2024) (2024) TaxCorp(GST) 43580 (HC-MP) underscored that GST aut...
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All About Notice Service under GST Law
Modes of Notice Service: Section 169 of the CGST Act, 2017Section 169(1) of the Central Goods and Services Tax (CGST) Act, 2017 specifies various methods by which the department may serve notices, whi...
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Checklist for Exemption from Interest and Penalty under Section 128A of CGST Act, 2024
IntroductionSection 128A of the CGST Act, 2017 introduces an avenue for assessees to clear outstanding tax dues without incurring interest or penalties, provided certain conditions are met. This provi...
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Guidelines to Safeguard Rights and Interests During GST Search and Seizure Operations
The procedural framework for seizure during search operations under the GST Act, 2017, is designed to balance the government's enforcement needs with the rights of assesses. Although it grants signifi...
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Transporters Require Only Duplicate GST Invoice Copy During Transit: Karnataka High Court Ruling
Case Background:The Karnataka High Court, in the case of Kolvekar Logistics v. Joint Commissioner of Commercial Taxes (Appeals), Hubbali, (2024) TaxCorp(GST) 41800 (HC-KARNATAKA) ruled that transporte...
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Taxability of Vouchers as Goods: Insight from the UP AAR Decision
Overview and Legal ContextThe Uttar Pradesh Authority for Advance Ruling (AAR) delivered a significant judgment concerning the classification of vouchers in the case of M/s Payline Technology Pvt. Ltd...