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
This is to update you regarding the notifications issued by CBIC on 21 December 2021 viz. Notification No. 38/2021 – Central Tax and Notification No. 39/2021 – Central Tax providing 1 January 2022 as the appointed date for various amendments/ new provisions introduced in the GST law: I. Notification No. 38/2021 – Central Tax The said Notification has made certain Rules introduced/ amended vide CGST (Eighth Amendment)
A Electronic Way Bill (e-Way Bill) is a receipt or a document issued by a carrier giving details and instructions relating to the shipment of a consignment of goods and the details include name of consignor, consignee, the point of origin of the consignment, its destination, and details of transporter along with the details of
Interest Liability under GST… 18% or 24%? It has been observed that The Goods and Services Tax (‘GST’) Authorities are demanding interest at 24 percent for Input Tax Credit (‘ITC’) claimed wrongfully or in excess or for any other matter and many taxpayers are made to pay 24 percent without protesting the same. The demand
The issue before the Appellate Authority for Advance Ruling, Kerala (‘AAAR’) was the taxability of discounts reimbursed by Castrol India Limited to its authorized dealer (i.e. ‘the Appellant’), against supplies made by the Appellant at a discounted price to its customers. Facts of the case: M/s Santhosh Distributors (‘Appellant’) an authorized dealer of Castrol India
NO ITC REVERSAL REQUIRED IN CASE OF LOSS ARISING FROM THE MANUFACTURING PROCESS In the recent order passed by the Hon’ble High Court of Madras in the matter of M/s. ARS Steels & Alloys International Private Limited v/s The State tax officer, Group-1, Inspection, Intelligence – 1, Chennai (2021 VIL-484-MAD) in respect of the requirement for
Finally, the GST council in the 43rd Meeting held on 28th May 2021 has come with much-awaited relief to the construction industry by way of changing the Time of Supply provision in case of services of construction provided by Developer Promoter to Landowner Promoter and consequently, Landowner promoters shall be eligible to utilize the ITC
GST on Goods Transport Agency (GTA) Vs Goods Transport Operator (GTO) There is an ongoing confusion amongst the business organizations and finance professional with respect to the applicability, taxability and exemption in GTA and GTO services under GST Law. Here we would like to highlight key impacts, definition, taxability and exemption to GTA and GTO
Power of Commissioner for provisional attachment under GST In the recent past, it has been seen that the GST authorities are inappropriately misusing the provisions of Section 83 of CGST Act, 2017 for provisionally attaching the properties and bank account of the taxable person without fulfilling the conditions prescribed under the statute for the valid
