Refund under GST – Amendment in CGST Rules w.e.f. 23.03.2020

Tax Management India .com               https://www.taxmanagementindia.com  Refund under GST – Amendment in CGST Rules w.e.f. 23.03.2020 An Article By: – Pawan Arora April 7, 2020 In this Article, published in Tax Management India (TMI), an effort has been made to sum-up the Changes related to Refund under CGST Rules amended vide Notification No. 16/2019- Central Tax dated 23.03.2020, effective from …

Analysis of Relief Measures provided under GST Law due to COVID-19 outbreak

CBIC has in view of the emergent situations being faced by taxpayers on account of corona virus outbreak issued various relief measures relating to statutory and regulatory compliance matters under various provisions of GST Law. A brief analysis of the Notifications 30/2020 to 36/2020 dated 03.04.2020 are summarized hereunder: 1. GSTR-3B– Relief from Interest payable …

Aadhar Authentication under GST

Aadhar Authentication is required under GST for obtaining GST registration w.e.f. 01.04.2020. Every registered person under GST is also required to get Aadhar Authentication otherwise his/its registration shall be deemed to be invalid. However, as on date no manner is prescribed for Aadhar Authentication of persons who are already registered under GST or who have …

Government allows bunching of refund claims across FYs as per directions of the Hon’ble Court in the M/s Pitambra Books Pvt Ltd. W.P(C) No. 627 of 2019

The CBIC recently issued the Circular No.135/05/2020 – GST dated 31.03.2020, incorporating the direction of the Hon’ble Court in the Case of M/s Pitambra Books Pvt Ltd. W.P(C) No. 627 of 2019, wherein Court had passed an order Staying the Para 8 of the Circular No. 125/44/2019-GST dated 18.11.2019, (which had imposed the restriction that …

Delhi High Court issues Notice to RBI on plea of NBFC challenging the order of cancellation of CoR

In a recent case, the Delhi High Court has issued Notice to the Union of India and Reserve Bank of India (RBI) on plea of a Non-Banking Finance Company (NBFC), challenging the order of RBI cancelling its Certificate of Registration and subsequent Appellate order passed by Appellate Authority for NBFC Registration upholding the same. The …

Demand Notice seeking levy of Interest on Gross Tax Liability under Section 50 stayed by Hon’ble Delhi High Court

Today, i.e. 02.03.2020, the Hon’ble High Court of Delhi at New Delhi, has in a petition challenging the demand notice issued by Department over payment of interest on gross tax liabilty, granted stay in the matter of Sunrise Autoworld Pvt. Ltd. v. Union of India. The Department has sought to levy interest even on the …