yuvraj.ala Archive
Ever wondered how Gaming Companies are taxed for their services under GST. GST may be levied at 18%/ 28% but litigations are rising on value for levying tax. Should it be the entire amount you pool or only the Commission retained by these Companies? Check out our Article for the ongoing issue, Government’s perspective and …
A division bench of Hon’ble Delhi High Court vide order dated 22.10.2020 has quashed the order passed by the National Anti-Profiteering Authority (NAPA) in the matter of Shree Sai Kripa Marketing v. UOI W.P.(C) No. 8161 of 2020 for being arithmetically wrong. The NAPA in the impugned order had held that the Petitioner had profiteered …
When the whole of the India was in complete lockdown from 24th March’20 to 31st May’20 due to COVID-19, and the Government was extending assistances to the assessees all over India in forms of extending the time limits for filing returns, payment of tax or by issuing circulars and directing the authority for expeditious disposal …
The Hon’ble High Court of Delhi has been pleased to issue notice in the case of Insitel Services Pvt. Ltd. V. Union of India W.P. (C) 6486/2020, where the illegality of Rule 90(3) of the CGST Rules have been challenged. It is pertinent to mention that Rule 90(3) of the CGST Rules provides for the …
The GSTN has finally deployed the updated functionality in relation to the issuance of a debit note and a credit note against multiple invoices on the Portal. As per the new functionality, details of original invoice(s) number are not required to be mentioned while reporting the Debit/Credit Note. A brief look into the significant role …
The “Punjab & Haryana High Court” in the case of Vinyl Tubes Pvt. Limited v. Union of India CWP No. 9863 of 2020, during hearing of the case, took notice that refunds in case of zero rated supplies are being delayed in number of cases for a considerable period of time; and when granted on …
The GSTN portal has finally removed the artificial restriction which was not allowing to file the refund application spread across different financial years. The unreasonable restriction as existed in the GSTN portal since it’s incorporation had been causing grave hardship to assessees whose huge amounts of refunds were stuck only because their refunds periods were …
