GST Archive

Recommendations made by GST Council in its 40th Meeting held on 12.06.2020

Recently GST Council has recommended few reliefs for small tax payers, waived/ reduced the penalty for non-filers of GSTR-3B, extend the benefit to apply revocation of cancellation of registration and also recommended to bring into effect certain proposed amendments of CGST & IGST Act w.e.f. 30.06.2020. We shall further update you once these changes will …

Simplified GST Return

Return has been simplified by reducing the content of the return and implementation. The key elements of the new mechanism are as follows: (i) One monthly return for all taxpayers except composition dealers and dealers having ‘Nil’ transaction. Return design will be simplified and tax payers shall be also given user friendly IT interface and …

Case Analysis Of “ADITYA SURGICAL CO. Vs. STATE OF KARNATAKA” [2018 (10) GSTL 284 (Kar.)]

Issue:    Classification under KVAT Act, 2003 Facts:  Petitioner was aggrieved by the order by Commissioner of Commercial Tax under Section 59(4) of KVAT, 2003 in which it was held that blood collection monitors, blood storage refrigerators, platelet agaitators with incubators, plasma expressers, plasma and cyrobath will come under the Residuary Entry under Section 4(1)(b)(iii) and …