GST / Goods and Service Tax Archive
Time Limit to Avail ITC for FY 2017-18 & Relief from Interest on Delayed Payment of Tax– Ramification of Gujarat HC Judgement
The Gujarat HC recently in case of AAP and Co. held that GSTR-3B is not a return to be filed u/s 39 of CGST Act. Article analyses the legal background of the case and the ramification of the judgement while stating that resultantly, ITC for F.Y. 2017- 18can be availed by the taxpayers on or before the due date of furnishing of Annual Return (Form- 9) of …
Highlights of Changes proposed in Central Goods and Service Tax Act, 2017 by Union Budget, 2019
National Appellate Authority for Advance Ruling (NAAR) has been excluded from the definition of Adjudicating authority. New Composition Levy Scheme for Suppliers of Service or Mixed Suppliers: Proposed new alternative composition scheme for supplier of services or mixed suppliers (not eligible for the earlier composition scheme) having an annual turnover in preceding financial year …
Service Tax Exemption on Grant of Liquor License
In the Finance Bill (No.2) 2019, a much awaited amendment is proposed retrospectively under the Service Tax Law to provide that No Service Tax shall be levied or collected in respect of taxable service provided by the State Government by way of grant of liquor license, against consideration in the form of license fee …
Scheme For Ending The Disputed Tax Demands of Central Excise, Service Tax and Cesses
1. The name of the scheme is “SABKA VISHWAS (LEGACY DISPUTE RESOLUTION) SCHEME, 2019” which is introduced to settle the disputed tax demandsofCentral Excise, Service Tax and Cesses which have got subsumed in GST. 2. The said scheme provides relief from tax demands ranging from 40% to 70% of the tax dues depending upon the …
Note on claiming refund of security deposit made under the WB VAT Act, 2003
That under the West Bengal VAT Act, 2003 in terms of Section 26 read with Rule 195 of the WB VAT Rules, 2005 “Security” was required to be furnished at the time of seeking registration under the act. The prevalent security so to be deposited was of Rs. 25,000. Now in view of applicability of …
Restriction on Generation of E-way Bill for Return Defaulters W.E.F. 21.06.2019
1. Restriction on furnishing of information in PART A of FORM GST EWB-01 shall come into force w.e.f. 21.06.2019 . 2. Consequent to above: Taxpayers (whether as a supplier or a recipient) who have not filed the returns for consecutive two months shall be restricted from generating e-way bills. The restriction on generation of …
Case analysis of Orissa HC judgment on ITC of works contract (Safari Retreats)
Analysis of the recent judgment of Orissa HC judgment on ITC of works contract in M/S Safari Retreats The issue involved in the said case was regarding availability of ITC on construction of a commercial mall in terms of Section 17(5) of the CGST Act r/w OGST Act wherein a writ petition was preferred before the High …
Exemption on Legal Services provided to Government, Government Entity, etc. w.e.f. 25.01.2018
1. Vide entry no. 45 of Notification no. 12/2017-CT(R) dated 28.06.2017 as amended w.e.f. 25.01.2018 following services are exempted from the levy of GST. Legal Services provided by:- (a) An arbitral tribunal (b) A partnership firm of Advocates or an individual as an Advocate (c) Senior Advocate to Central Government, State Government, Union Territory, Local …
Resolution of Disputes Arising Out of International Trade – Facilitated by DGFT
RESOLUTION OF DISPUTES ARISING OUT OF INTERNATIONAL TRADE TO BE FACILITATED BY DGFT: ONLINE METHODOLOGY INTRODUCED EFFECTIVE FROM 11.02.2019 INTRODUCTION Maintaining an enduring relationship with foreign buyers and suppliers is of utmost importance to create confidence in the business environment of India. So, whenever any disputes related to International trade arise, it is in the …