Section 35(1) of CGST Act, 2017 read with rule 56 of CGST Rules 2017 prescribed for maintenance of various records and documents along with other provisions of the act. Highlighting the checklist of accounts and records to be maintained under GST along with the Auditor’s checklist (though audit is not mandatory from FY 2020-21) Exhaustive
In re., Tube Investment of India Limited (GST AAR Uttarakhand) order dated 24.11.2022 Whether nominal recoveries made from the employees who are provided food in the factory canteen would be considered as a “Supply”? Facts of the Case: This is an application under Sub-Section (1) of Section 97 of the Central Goods & Service Tax
The Central Board of Indirect Taxes and Customs (CBIC) vide its Notification No 08/2022 – Central Tax dated 07th June 2022 waives off the interest for specified electronic commerce operators for late filing of GSTR-8 for the specified period. Central Board of Indirect Taxes and Customs Notification No. 08/2022 –Central Tax New Delhi, the 07th
The Maharashtra Authority of Advance Ruling (AAR) consisting of Rajib Magoo and T.R. Ramnani has ruled that GST is not payable on fees collected towards training in respect of football, basketball, athletics, cricket, swimming, karate, and dance. The association, M/s Navi Mumbai Sports Association, has constructed an international sports complex on land allotted by M/s
Can CA be arrested- Section 69 vs. Section 132 of the CGST Act In recent few months this topic of harassment and arrest of CA professionals been a matter of debate and agony amongst the GST practitioners. The provisions for arrests were created to tackle certain situations raised by some unscrupulous tax evaders. These
The Central Board of Indirect Taxes and Customs (CBIC) vide its Notification No 07/2022 dated 26th May 2022 waives the late fee under section 47 for the period from 01.05.2022 till 30.06.2022 for the delay in filing FORM GSTR-4 Return of Composition Dealer for FY 2021-22. Government of India Ministry of Finance (Department of Revenue)
The Central Board of Indirect Taxes and Customs (CBIC) vide its Notification No 06/2022 – Central Tax [G.S.R. 355(E)] dated 17th May 2022 extends the due date for payment of GST under the QRMP scheme till 27th May 2022. NOTIFICATION New Delhi, the 17th May 2022 No. 06/2022–Central Tax G.S.R. 355(E).—In exercise of the powers
The Central Board of Indirect Taxes and Customs (CBIC) vide its Notification No. 05/2022 – Central Tax [G.S.R. 354(E)] dated 17th May 2022 extends the due date of filing of GSTR-3B for the month of April 2022 till the 24th May 2022. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS)
The Central Board of Indirect Taxes and Customs (CBIC) vide its Notification No 01/2022 – Central Tax dated 24th February 2022 notifies the applicability of e-invoices for the taxpayer having an aggregate annual turnover of Rs 20 Cr or more with effect from 01st April 2022. Government of India Ministry of Finance (Department of Revenue)
The Central Board of Indirect Taxes and Customs (CBIC) vide its Notification No 2/2022 – Customs (ADD) [G.S.R. 13(E)] dated 13th January 2022 rescinds the Notification No 49/2017 – Customs (ADD). MINISTRY OF FINANCE (Department of Revenue) New Delhi, the 13th January, 2022 NOTIFICATION No. 2/2022-Customs (ADD) G.S.R. 13(E).—In exercise of the powers conferred by
