Bombay HC sets aside rejection of refund claims by GST authorities
Posted Date : 17-Jan-2022 , 09:53:31 am | Posted By CASANSAAR
The Bombay High Court has quashed an order by the GST authorities that had rejected the refund claim of an assessee because it was filed after two years, a time limit set by the rules. This was done since the authorities have not taken into cognizance the earlier Supreme Court verdict that excluded ...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 1179
|
 |
Delhi Man Arrested For Issuing Fake GST Invoices Worth Rs. 4,521 Cr
Posted Date : 15-Jan-2022 , 09:18:48 am | Posted By CASANSAAR
GST officers have arrested one person for operating a syndicate and issuing fake invoices of ₹ 4,521 crore for availing input tax credit (ITC) benefit under goods and services tax, an official statement said on Friday.
It said scrutiny of tally data has shown that there are 636 firms being oper...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 3659
|
|
GST collections in November cross Rs 1.3 lakh Cr, second highest ever
Posted Date : 02-Dec-2021 , 08:25:21 am | Posted By CASANSAAR
GST revenues for November this year have been the second highest ever since introduction of GST. The gross GST revenue collected in November this year is 1 lakh 31 thousand 526 crore rupees. For the second straight month Gross GST collection has crossed 1 lakh 30 thousand crore rupees. The revenues ...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 1740
|
|
Employees liable to pay GST on salaries received during notice period - AAR
Posted Date : 01-Dec-2021 , 08:26:32 am | Posted By CASANSAAR
Amid a talent war among companies, the issue of high attrition rate has taken centre stage in the corporate world. However, another crucial point of debate among tax officials and companies is the tax treatment on salaries of employees serving the customary notice period.
A recent ruling in the...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 2177
|
|
CGST Officials unearth input tax credit fraud of around Rs 34 crore involving 7 firms
Posted Date : 15-Nov-2021 , 08:08:25 am | Posted By CASANSAAR
Based upon specific intelligence, the officers of the Anti Evasion branch of Central Goods and Service Tax (CGST) Commissionerate, Delhi (East) have unearthed a case of availment/utilization and passing on of inadmissible input tax credit (ITC) through bogus GST invoices without actual movement of g...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 1079
|
|
GST Notices to firms after mismatch in GST tax credits
Posted Date : 13-Nov-2021 , 09:19:29 am | Posted By CASANSAAR
Goods and services tax authorities have started issuing notices to several companies, after uncovering a mismatch in tax credits using deep analytics tools embedded in the GSTN software.
The tax department's analytics department has found these discrepancies in returns filed by companies,...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 2375
|
|
CBIC for strict enforcement to check fake invoicing
Posted Date : 11-Nov-2021 , 07:52:34 am | Posted By CASANSAAR
Regulatory checks on fake invoicing, including those of services, need to be strengthened for better tax compliance, according to an update on indirect tax administration from the Central Board of Indirect Taxes and Customs (CBIC) to field officers.
Senior officials of the Directorate General o...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 1012
|
|
GST officers asked to block ITC only on basis of evidence, not suspicion
Posted Date : 06-Nov-2021 , 08:26:07 am | Posted By CASANSAAR
The CBIC has released guidelines on blocking of tax credit by goods and services tax (GST) field officers, adding such action should be on the basis of ‘material evidence’ and not just out of ‘suspicion’.
The norms by the Central Board of Indirect Taxes and Customs (CBIC...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 1422
|
|
GST revenue collection for October second highest in history
Posted Date : 02-Nov-2021 , 08:05:23 am | Posted By CASANSAAR
The GST revenues for October have been the second-highest ever since the introduction of GST, second only to that in April this year.
The gross GST revenue collected in the month of October is one lakh 30 thousand 127 crore rupees. Out of this amount, the CGST component is 23,861 crore, SGST is 3...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 2069
|
|
Canteen services for employees out of GST net - AAR
Posted Date : 20-Oct-2021 , 08:34:08 am | Posted By CASANSAAR
Canteen charges collected from employees will now be outside the gamut of goods and services tax following a tax ruling that offers some relief to several large industrial and manufacturing units.
In a recent ruling, the Gujarat Authority for Advance Ruling (AAR) said that GST is not applicable o...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 1993
|
|
Delhi GST officers busts fictitious exporter network for Rs.134 Cr ITC Fraud
Posted Date : 14-Oct-2021 , 07:37:47 am | Posted By CASANSAAR
GST officers in Delhi have busted a network of fictitious exporters and arrested one person for fraudulently claiming input tax credit of ₹134 crore.
The Finance Ministry said that based on risk analysis, M/s Vibe Tradex, engaged in export of Pan Masala, chewing tobacco, FMCG goods etc, was i...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 1783
|
|
GST Network blocks Rs. 14,000 Cr input tax credits of 66,000 taxpayers
Posted Date : 13-Oct-2021 , 08:55:03 am | Posted By CASANSAAR
The Goods and Service Tax Network (GSTN) on Tuesday said it has blocked ₹14,000 crore worth of input tax credit (ITC) of 66,000 businesses registered under the GST.
Responding to social media posts based on an RTI reply about the ₹6.14 lakh crore of ITC blocked under Rule 86A of the GST law...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 2066
|
|
Ice cream supplied by parlours to attract 18% GST
Posted Date : 07-Oct-2021 , 08:21:15 am | Posted By CASANSAAR
Ice creams sold by a parlour or such outlets will attract 18 percent Goods and Services Tax (GST), the CBIC said on Wednesday.
In two sets of circulars, the Central Board of Indirect Taxes and Customs (CBIC) clarified on issues raised by trade and industry on rates changes related to 21 goods and...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 1825
|
|
GST registration can't be cancelled if business not carried out from premises due to Covid 19 norms, protocols - Calcutta HC
Posted Date : 05-Oct-2021 , 09:08:15 am | Posted By CASANSAAR
The Calcutta High Court has ruled that goods and service tax registration cannot be cancelled if business was not carried out from the premises, due to the nationwide Covid pandemic.
The order was issued in case of an appeal filed by International Value Retail against revenue department and GST a...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 2003
|
|
No GST input tax credit on CSR expenses - AAR
Posted Date : 04-Oct-2021 , 09:55:14 am | Posted By CASANSAAR
The Gujarat bench of the Authority for Advance Rulings (AAR) recently held that corporate social responsibility (CSR) activities under the Companies (CSR Policy) Rules are excluded from the normal course of business. Its ruling came in a case where the applicant was a private limited company, Adama ...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 1258
|
|
GST collection for September crosses Rs.1.17 lakh Cr
Posted Date : 02-Oct-2021 , 07:15:02 am | Posted By CASANSAAR
The gross GST revenue collected in the month of September was 1,17,010 crore rupees, which included CGST component of 20,578 crore, SGST 26,767 crore and IGST component of 60,911 crore rupees.
The revenue for September was 23 per cent higher than the GST revenues in the same month last year. Duri...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 1011
|
|
CBIC asks taxmen to complete GST evasion investigations within a year
Posted Date : 25-Sep-2021 , 09:01:39 am | Posted By CASANSAAR
The Central Board of Indirect Taxes and Customs (CBIC) has asked field offices to draw up an action plan so that no case of GST evasion is pending investigation beyond one year.
In an instruction to field formations, the CBIC has also asked GST officers to speed up investigation and issue show-ca...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 1301
|
|
Recommendations of 45th GST Council Meeting
Posted Date : 18-Sep-2021 , 08:01:43 am | Posted By CASANSAAR
Life-saving drugs Zolgensma and Viltepso used in treatment of Spinal-Muscular Atrophy exempted from GST when imported for personal use
Extension of existing concessional GST rates on certain COVID-19 treatment drugs upto 31st December 2021
GST rates on 7 other medicines recommended by De...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 1785
|
|
HC stays order related to levy of GST on flat, villa maintenance charges
Posted Date : 11-Sep-2021 , 09:55:56 am | Posted By CASANSAAR
Flat or villa owners paying more than ₹7,500 a month to their resident welfare associations towards maintenance charges will now have to pay Goods and Services Tax (GST) at the rate of 18% for the entire contribution since a Division Bench of the Madras High Court on Thursday stayed a single judge...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 3103
|
|
GST collection crosses Rs 1.12 lakh Cr. in August 2021
Posted Date : 02-Sep-2021 , 10:30:17 am | Posted By CASANSAAR
Goods and Service Tax collection for the month of August 2021 came in at Rs 1.12 lakh crore, compared with Rs 1.16 lakh crore in July, data released by the Finance Ministry show on September 1.
This is the second consecutive month that GST collections are above the Rs 1 lakh crore mark, indicatin...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 899
|
|
Extension of closing date of late fee amnesty scheme and time limit for filing of application for revocation of cancellation of registration
Posted Date : 30-Aug-2021 , 08:21:32 am | Posted By CASANSAAR
The Government, vide Notification No. 19/2021- Central Tax, dated 01.06.2021, had provided relief to the taxpayers by reducing / waiving late fee for non-furnishing FORM GSTR-3B for the tax periods from July, 2017 to April, 2021, if the returns for these tax periods are furnished between 0...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 1122
|
|
GST defaulters of last two months to be barred from filing GSTR-1
Posted Date : 28-Aug-2021 , 07:45:27 am | Posted By CASANSAAR
GSTN stated in the advisory that “a registered person shall not be allowed to furnish the details of outward supplies of goods or services or both under section 37 in Form GSTR-1, if he has not furnished the return in Form GSTR-3B for preceding two months."
Businesses have to file GSTR...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 1200
|
|
Papads don’t attract GST, but fryums face 18% rate
Posted Date : 25-Aug-2021 , 08:16:45 am | Posted By CASANSAAR
No Gujarati thali is complete without a papad, be it fried or roasted. Fortunately for consumers, as the GST burden is ultimately borne by them, the Gujarat bench of the Authority for Advance Ruling (AAR) has held that Papads will attract nil GST.
Interestingly, the AAR bench observed that Papa...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 1031
|
|
No GST on canteen charges recovered from employees - AAR
Posted Date : 23-Aug-2021 , 08:31:49 am | Posted By CASANSAAR
GST will not be levied on the amount paid by employees for availing canteen facilities provided by their employers, the AAR has ruled.
Tata Motors had approached the Gujarat bench of Authority for Advance Ruling (AAR) seeking a ruling on whether Goods and Services Tax (GST) is applic...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 976
|
|
Treated and purified sewage water for industrial use to attract 18 pc GST - AAR
Posted Date : 02-Aug-2021 , 08:37:42 am | Posted By CASANSAAR
Treated and purified sewage water is classified as 'water' under the GST Act and its supply for industrial use would attract an 18 per cent tax, the Authority for Advance Ruling (AAR) has said.
Nagpur Waste Water Management Pvt Ltd had approached the Maharashtra bench of AAR seeking a rul...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 920
|
|
Gross GST collection in July crosses 1 lakh 16 thousand Cr rupees
Posted Date : 02-Aug-2021 , 08:33:01 am | Posted By CASANSAAR
The gross GST revenue collected in July crossed 1,16,000 crore rupees indicating that the economy is recovering at a fastpace and the robust GST revenues are likely to continue in the coming months too, the Finance Ministry Said. The revenues for the month of July 2021 are 33 per cent higher t...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 731
|
|
Gujarat govt transfers 36 officials for ‘fair probe’ into Rs 1,000 cr fake GST bill case
Posted Date : 31-Jul-2021 , 08:43:13 am | Posted By CASANSAAR
In connection with a case involving more than Rs 1,000 crore of fake GST (Goods and Services Tax) bills in Bhavnagar, the Gujarat government on Friday transferred 36 officials from Bhavnagar ranging from the deputy state tax commissioner to employees as junior as a clerk. The move is to ensure fair ...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 924
|
|
Delhi-based businessman arrested for passing on fake input tax credit of Rs.128 Cr
Posted Date : 26-Jul-2021 , 08:45:52 am | Posted By CASANSAAR
GST Intelligence officials have arrested a Delhi-based businessman here for allegedly fraudulently passing on input tax credit (ITC) worth ₹128 crore, a senior official said on Sunday.
Investigations conducted by the officials of the Chandigarh zonal unit of the Directorate General of GST (Good...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 1991
|
|
GST only on monthly maintenance over Rs 7,500 - Madras HC
Posted Date : 15-Jul-2021 , 09:36:14 am | Posted By CASANSAAR
In a relief to resident welfare association (RWA) members across middle and high-end housing societies, the Madras High Court has ruled that the goods and services tax (GST) is applicable to monthly maintenance amount exceeding ₹7,500 only and not on the full amount.
The decision overturns a 20...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 2171
|
|
GST officers unearth over Rs 35,000 Cr fraud in 2020-21, arrest 426 people
Posted Date : 14-Jul-2021 , 10:10:34 am | Posted By CASANSAAR
In the year-long crackdown on tax evasion, the GST authorities have unearthed over Rs 35,000 crore of tax fraud committed by misuse of input tax credit provision under the Goods and Services Tax (GST) regime. During the 2020-21 financial year, the CGST zones and the Directorate General of GST Intell...
Continue Reading...
Category :
GST |
Comments :
0 | Hits : 2218
|
|
|
