Category: GST
CBIC issues circular clarifying certain issues as per the recommendation of GST Council 54th meeting. CBIC has issued CGST Circulars to implement the recommendation of GST Council 54th meeting. The GST Council has inter alia recommended for: 1. To clarify that where the inputs were initially imported without …
Recommendations during 54th meeting of the GST Council held on 09.09.2024. The 54th meeting of the GST Council was held at New Delhi today on 09.09.2024. The GST Council inter-alia made the following recommendations relating to changes in GST tax rates, provide relief to individuals, measures for facilitation of trade and measures …
High Court grants bail to ITC scam accused as GST liability was yet to be not determined. In a recent judgment, Hon’ble High Court of Punjab & Haryana granted bail to ITC scam accused as GST liability was yet to be determined and the assessee was not habitual …
GST appeal cannot be dismissed for non filing certified copy of impugned order In a recent judgment, Hon’ble Allahabad High Court has reiterated that non filing of certified copy of the impugned order within time in the GST appeal filed through electronic mode is a technical error and …
Introduction of RCM Liability / ITC Statement on GST Portal In order to assist taxpayers in correctly reporting Reverse Charge Mechanism (RCM) transactions, a new statement called “RCM Liability / ITC Statement” has been introduced on the GST Portal. This statement will enhance accuracy and transparency for RCM transactions …
Advisory for furnishing bank account details before filing GSTR-1 or Invoice Furnishing Facility (IFF) from 01.09.2024 As per Rule 10A of Central Goods and Services Tax Rules, 2017 notified vide notification no. 31/2019 dated 28.06.2019, a taxpayer is required to furnish details of a valid Bank Account within …
High Court restored the appeal as it was dismissed only due to no provision under GST Act to condone delay In a recent judgment, Hon’ble Madras High Court quashed the impugned order in DRC-07 and remanded the case as assessee’s appeal was rejected only on the ground that …
Skip to main content Para 2(g) of Instruction No. 01/2023-24-GST to apply to Audit matters also with respect to a prevalent trade practice int he sector/industry  Instruction No. 03/2024-GST F. No. GST/INV/Instructions/2023-24 Government of India Ministry of Finance Department of Revenue (Central Board of Indirect Taxes and …
ITC denial confirmed by High Court for non production of details of freight charges, delivery receipts, toll receipts to prove actual physical movement of goods. In a recent judgment, the Hon’ble Allahabad High Court confirmed the denial of Input Tax Credit (ITC) where dealer could not produce details …
Special all-India drive against fake GST registrations to be launched from 16.08.2024 to 15.10.2024. CBIC issues guidelines for Second special All-India Drive against fake registrations In 2023, CBIC vide Instruction No. 01/2023-GST dated 04.05.2023 issued guidelines for conducting a special All-India drive during the period from 16th May …
