Category: GST
CBIC has Guidelines for filing/revising TRAN-1/TRAN-2 in terms of order of Hon’ble Supreme Court. In terms of Hon’ble Supreme Court’s judgment in Union of India vs. Filco Trade Centre Pvt. Ltd. CBIC has issued Circular No.180/12/2022-GST dated 9th September, 2022 In accordance with the directions of …
Guidelines for launching of Prosecution under the Central Goods & Services Tax Act, 2017 Finance Ministry has issued Instruction No. 04/2022-23 (GST-Investigation) dated 1st September 2022 issuing Guidelines for launching of Prosecution under the Central Goods & Services Tax Act 2017 Prosecution is the institution or commencement …
Tendering Process was not vitiated by quoting wrong GST rates/HSN Code by Suppliers – Supreme Court ABCAUS Case Law CitationABCAUS 3607 (2022) (08) SC Important Case Laws relied upon by partiesReliance Energy Ltd. 2007) 8 SCC 1Sarvesh Refractories (P) Ltd. (2007)13 SCC 601Rashtriya Ispat Nigam Ltd (2012) 5 …
Single Click Nil Filing of GSTR-1 Return – Guide In order to further simplify the return filing experience a single click NIL filing of GSTR-1 has been introduced on GST Portal. Taxpayers can now file NIL GSTR-1 return by simply ticking the check box File NIL GSTR-1available at …
GST applicability on liquidated damages, compensation and penalty arising out of breach of contract or other provisions of law CBIC has issued Circular No. 178/10/2022-GST dated 3rd August 2022 clarifying GST applicability on liquidated damages, compensation and penalty arising out of breach of contract or other …
CBIC issues clarification on GST rates & classification (goods) based on the recommendations of the GST Council in its 47th meeting CBIC has issued Circular No. 179/11/2022-GST dated 3rd August 2022 giving Clarification regarding GST rates & classification (goods) based on the recommendations of the GST …
CBIC Clarifications on applicable GST rates & exemptions on certain services CBIC has issued Circular No. 177/09/2022-TRU dated 3rd August 2022 issuing Clarifications regarding applicable GST rates & exemptions on certain services. The CBIC had received representations seeking clarification several issues: Accordingly, clarifications has been issued on …
Notification issued to implement e-invoicing for the taxpayers having aggregate turnover exceeding Rs. 10 Cr from 01st October, 2022 MINISTRY OF FINANCE(DEPARTMENT OF REVENUE)CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS Notification No. 17/2022–Central Tax New Delhi, the 1st August, 2022 G.S.R…..(E).–In exercise of the powers …
Revised and up-to-date list of services covered under GST RCM as on 31.12.2019. Categories of supply of services where GST is to be paid on reverse charge basis Up-to-date list of services covered under GST reverse Charge Mechanism (RCM) There are two type of reverse charge scenarios provided …
Ten FAQs on GST applicability on ‘pre-packaged and labelled’ goods Revised GST rates as per the recommendations made by the GST Council in its 47th meeting have come into effect from the 18th of July, 2022. One such change is moving from imposition of GST on specified goods …
