Is extension in time for availing ITC applicable to invoices of FY 2021-22
The time limit for availing of input tax credit (ITC) as mandated under Section 16(4) of the CGST Act, 2017…
Category: GST Articles
Highest ever GST notice of ₹21,000 crore issued despite Karnataka HC stay
Online gaming intermediary Gameskraft Technologies has moved the Karnataka High Court against a show-cause notice issued by the Directorate General…
GST Registration Cancellation: Madras HC directs changes in architecture of GST Portal
The Madras High Court has directed the GST department to take suitable steps by instructing GST Network, New Delhi to make suitable…
Blockchain tech to aid taxman in curbing GST fraud
In 2020-2021, tax authorities detected goods and service tax evasion of Rs 40,000 crore in over a year, largely on…
Crypto Transactions to Attract GST Soon; What This Means for Traders and You
Cryptocurrency is a digital payment system that doesn’t rely on banks to verify transactions. It’s a peer-to-peer system that can enable…
ITC is not available to ‘Myntra’ on procured vouchers / subscription packages
AAR, Karnataka in its recent ruling in the case of Myntra Designs Pvt Ltd has held that Input Tax Credit…
GST Portal: New Functionalities provided for GST Registration, Returns & Refunds
Various new functionalities have been provided on the GST Portal in regard to GST Registration, GST Returns and GST refund…
Key GST related issues MSMEs must request Govt. for resolution
Ease of Doing Business for MSMEs: Since GST is a destination-based tax, it is suggested to consider postponement of the…
Intention of the parties determines whether a supply is composite supply or not: AAR
The AAR, Karnataka in its recent ruling in the case of M/S. Hyundai Rotem Company has held that the supplies…
CBIC develops system for online monitoring of GST audits
The tax authority’s online monitoring of audits assumes significance given that it is keen to ensure there is no revenue…
CBIC issues guidelines for claiming GST transitional credit
Taxpayers can file fresh forms or revised earlier forms for the GST transitional credit on the common portal. New Delhi:…
Flavoured milk’s a drink and not milk, will be taxed @ 12%
Flavoured milk is not milk; it is in fact a drink that has milk as an ingredient, the Appellate Authority of…