The Central Board of Indirect Taxes and Customs (CBIC) vide its Circular No 188/20/2022-GST dated 27th December 2022 prescribed the manner for filing of an application for refund by unregistered person on account of GST paid on agreement/ contract with a builder for supply of services of construction of flats/ building and long-term insurance policies.
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
The Gujarat Authority for Advance Ruling (Gujarat AAR) in the case of M/s Vadilal Enterprises Ltd, Ahmedabad held that ITC on GST paid on the transaction wherein vehicles returned empty during return journey is admissible. Brief Facts of the Case: 1. M/s Vadilal Enterprises Ltd. (Vadilal) submitted that it supplies ice cream in various States
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 Goods and Services Tax Network (GSTN) issues advisory with respect to issues arising in the GSTR-2B statement for the month of April 2022. It has been noticed that in a few cases, certain records are not reflected in the GSTR-2B statement for the period of April 2022. However, such records are visible in the
