“Why Just Bills Aren’t Enough: A Deep Dive into the Court’s Tax Credit Verdict”
Recently in M/S Malik Traders Vs State of U.P., The Allahabad High Court gave an important decision about when and how a business can get a tax break, known as an input tax credit. Let’s break down what happened and what it means for businesses. The Story M/S Malik Traders got a notice saying they […]
“Unmasking GST Fraud: Schemes, Consequences, and Actions”
Introduction Goods and Services Tax (GST) was introduced in many countries to streamline the taxation system, reduce tax evasion, and boost economic growth. However, like any complex tax system, it has also given rise to a variety of fraudulent activities. GST fraud is a serious issue that not only affects governments’ revenue collection but also […]
Stay Informed: Kerala High Court’s Take on GST Portal Notices and Section 169
Background: In a recent case that has significant implications for taxpayers dealing with Goods and Services Tax (GST) in India, the Kerala High Court addressed a critical issue. Koduvayur Constructions, a company with GST registration, had its registration cancelled. They believed this meant they were no longer responsible for GST payments. However, the government sent […]
Government Extends RoDTEP Support: Boosting Exports & Ensuring International Competitiveness.
The Indian Government, always proactive in its efforts to foster the country’s trade and economy, has once again taken a commendable step. The recent announcement from the Ministry of Commerce & Industry throws light on the extension of the Scheme for Remission of Duties and Taxes on Exported Products (RoDTEP) till 30th June 2024, ensuring […]
A Comprehensive Guide to Mandatory Monthly and Quarterly GST Check Points 📆
Introduction Goods and Services Tax (GST) is applicable in India from 1st July 2017. Under the new GST regime, nearly 1.4 crore businesses in India have obtained GST registration. All entities having GST registration are required to file GST returns every month. GST return filing is mandatory for all entities having GST registration, irrespective of […]
🚨 Important Updates: Restricting ITC up to Output Tax rate in case of Motor Cab Services💼
Key Amendments to Central Goods and Services Tax Rates – Notification No. 12/2023 The Indian Ministry of Finance has recently issued Notification No. 12/2023-Central Tax (Rate) on the 19th of October, 2023. This notification introduces significant amendments to a previous tax rate notification (No. 11/2017-Central Tax (Rate)) that was issued back in 2017. These amendments […]
Kerala High Court Slams Unfair Denial of ITC Based on GSTR-2A in Landmark Ruling
In a recent landmark judgment, the Kerala High Court has sent a strong message regarding the fairness and legality of denying Input Tax Credit (ITC) to taxpayers solely on the basis of discrepancies in GSTR-2A. The case, titled “Diya Agencies vs. State Tax Officer,“ has far-reaching implications for the taxation landscape in India, emphasizing the […]
Advisory: Person supplying of Online Money Gaming services or OIDAR or Both– Form GST REG-10 and Form GSTR-5A
General: In terms of the recent amendments made in the CGST/SGST Act, the IGST Act and the CGST/SGST Rules, any person located outside taxable territory making supply of online money gaming to a person in taxable territory, is liable to get registered in GST and is required to pay tax on such supply. In this […]
Facility of enrolment for supply of goods through e-commerce operators by GST un-registered suppliers.
1.In terms of the recent amendments to the Act and the rules and notification number 34/2023 dated 31.07.2023, persons supplying goods through e-commerce operators shall be exempt from mandatory registration under the CGST Act even if they supply goods through e-commerce operators (ECO) if they satisfy the following conditions: (a)such person is engaged in the […]
Facility for the e- commerce operators through whom unregistered suppliers of goods can supply goods
GSTN has also provided APIs for ECOs (through whom unregistered persons can supply goods) to integrate with GSTN to obtain the details and facilitate the unregistered suppliers. The APIs are for validating the demographic details of the said suppliers and also for use in tracking and reporting supplies by such persons. The details of the […]