GST Council asserts mere holding of shares in subsidiaries not subject to GST
The GST Council has laid to the rest the thorny issue of taxing shares held by holding companies in their…
Tag: GST
ITC Mismatches in GSTR-3B vs GSTR-2A: Latest GST Council recommendation
In 50th GST Council meeting held yesterday amongst several recommendations one is in regard to procedure for verification of input…
Recommendations of 50th meeting of GST Council held today
The 50th meeting of the Goods and Services Tax (GST) Council was held here today, under the chairpersonship of the Union…
Businesses may have to explain discrepancy in ITC claims: New GST Rule likely to come
The GST Council is likely to decide on a new rule in GST law under which businesses would be required…
GSTN now authorized to receive information under PMLA 2002
The Ministry of Finance, Department of Revenue, has issued an important notification for including the Goods and Services Tax Network…
GST Compliance Calender for June, 2023
For the ready reference of our readers, we have compiled a GST compliance calendar containing the important dates for compliance…
GST advisory for the taxpayer wishing to register as “One Person Company”
Goods and Services Tax Network has issued an Advisory dated 21st March 2023 for the taxpayer wishing to register as “One Person…
Reversal of ITC at midnight during search and seizure can’t be voluntary payment of GST dues: Gujarat HC
Experts feel such an action by the official was complete violation of CBIC circular and it should be avoided. Reversal…
Gift vouchers neither goods / services and thus Mytra not eligible for ITC, rules KAAAR
Myntra is not eligible for input tax credit (ITC) on the gift vouchers sourced from third party and made available to…
Transfer of amount in Cash Ledger from one GSTIN to another GSTIN enabled
The Goods and Services Tax Network (GSTN) has enabled the option to use the amount in the cash ledger of one Goods…
GST: SOP issued for Cancellation of Registration and for Repository of Non-genuine Taxpayers
The Delhi Government of NCT, Department of Trade and Taxes (Policy Branch) has issued Standard Operating Procedure vide Circular No.F.3(479)/GST/Policy/2023/ 346…
GST Breaking: Revocation of cancellation of GST Registration provisions amended
The 49th GST Council Meeting which was held today and Chaired by Finance Minister Nirmala Sitharaman has extended the Time Limit…