No Refund towards Input services under Inverted Duty structure is ‘valid and constitutional’: Madras HC
In a major setback to the tax payers, the Madras High Court in its recent order has dismissed the plea…
Tag: goods and services tax
Are suppliers engaged solely in exempt supplies required to obtain GST registration on receiving supplies subject to reverse charge
One of the several doubts in the arena of GST compliance is whether a person who is solely engaged in…
GST Input Tax Credit: Should taxpayer use GSTR-2B or GSTR-2A now?
With introduction of GSTR-2B , a question that is blinking in mind of tax payers is that whether they should…
GSTN issues advisory on using Matching Offline Tool to compare ITC auto drafted in Form GSTR-2B with Purchase Register
GSTN has issued advisory for the tax payers on using Matching Offline Tool to compare ITC auto drafted in Form…
GST: Recover interest from July,1, 2017 only on Net Cash liability: CBIC issues Instructions
The Central Board of Indirect Taxes and Customs (CBIC) has issued administrative instructions vide Letter F.No. CBEC-20/01/08/2019-GST dated 18th September,…
FAQs and User Manual on Matching Offline Tool of Form GSTR-2B issued by GSTN
GSTN has issued a Frequently Asked Question (“FAQ”) and User Manual for Matching Offline Tool of Form GSTR-2B with the…
Lump-sum deposit towards maintenance and Water Charges collected separately from housing society members are not subject to GST: AAR
The Karnataka Authority for Advance Ruling (AAR) has in its recent ruling on applicability of GST on RWA (housing societies)…
GST e-invoicing: Differences between B2B-invoice QR Code and B2C Dynamic QR Code
We all know that effective from 1st October,2020 , GST e-invoicing will come into play wherein the suppliers who satisfy…
GST: Builder required to deduct one-third Value towards Land and not the actual value of land: AAR
The Gujarat Authority of Advance Ruling (AAR) has its recent ruling on the application of M/s Karma Buildcon has ruled…
Centre’s stance on GST compensation to states is is devoid of macro-economic logic and untenable, legally and morally
The stand of Indian government is devoid of any macro-economic logic. It is not a contra-cyclical, but a pro-cyclical stance.…
Excise officials to go on mass leave for alleged witch-hunting in the GST evasion ‘scam’
Excise and taxation officials today announced that they would proceed on a two-day mass leave on September 7 and 8…
How to discharge reverse charge liability of earlier years now: Can ITC be availed thereon
GST being a relatively new law which has been exposed to frequent changes and amendments specially in the field of…