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Union Cabinet approves Production Linked Incentive (PLI) Scheme for White Goods (Air Conditioners and LED Lights): PIB
Incentives worth Rs. 6,238 Crore to be provided over five years for manufacturing of these products in India Production Worth Rs. 1.68 Lakh Crore and Exports Worth Rs. 64,400 Crore Estimated in Five Years Will help facilitate additional investments of Rs. 7,920 Crore, Generate Direct
GST LitigationMadras HC in the case of Tvl.Vectra Computer Solutions Versus The Commissioner of Commercial Taxes
Case Covered: Tvl.Vectra Computer Solutions Versus The Commissioner of Commercial Taxes Order of the Hon’ble Court: The petitioner has registered themselves on the file of the second respondent. The petitioner was filing returns under the Tamil Nadu Value Added Tax Act, 2006 and subsequently, under
GST LitigationGujarat HC in the case of M/s. Remark Flour Mills
Case Covered: M/s. Remark Flour Mills Pvt. Ltd. Versus State of Gujarat Oral Order: The petitioners are registered dealers under the Central Goods and Services Tax Act and are engaged in the business of manufacture and supply of wheat flour, meslin flour, cereal flours, etc.
GST LitigationDelhi HC Order in the case of M/s Omaxe New Chandigarh Developers Pvt. Ltd V/s. UOI.
Case Covered: M/s Omaxe New Chandigarh Developers Pvt. Ltd Versus Union of India Facts of the Case: The limited issue which arises for consideration in the captioned writ petitions concerns the applicability of the instruction dated 21.12.2015 bearing F. No. 1080/09/DLA/MISC/15/757 [in short “2015 instruction”]
GST ComplianceE-invoicing – At a Glance
What is e-invoicing? As per Rule 48(4) of CGST Rules, notified class of registered persons (whose aggregate turnover in any preceding financial year from 2017-18 onwards, is more than prescribed limit) have to prepare invoice by uploading specified particulars of invoice (in FORM GST INV-01)
GST ComplianceNew Functionalities made available for Taxpayers on GST Portal (March, 2021)
1 – Registration: S.no Form/ Functionality Functionality made available for Taxpayers 1 Assignment of new applications of registration, in certain cases, with the same PAN, and in the same State/ UT New registration applications of the applicants, whose previous application for registration were either rejected
GST ComplianceFAQs on GST e-invoice/IRN System
A. E-invoice – Basics: 1. What is ‘e-invoicing’? As per Rule 48(4) of CGST Rules, notified class of registered persons has to prepare the invoice by uploading specified particulars of the invoice (in FORM GST INV-01) on Invoice Registration Portal (IRP) and obtain an Invoice
GST LitigationDelhi HC in the case of Ingenico International India Pvt. Ltd
Case Covered: Ingenico International India Pvt. Ltd Versus Deputy Commissioner of Income-Tax Facts of the Case: The singular grievance of the petitioner in the instant case is that despite the fact that the amount to be refunded as determined by the Revenue in October 2019,
GST ComplianceGST SAC Code For Real Estate Services
SAC RATE Rental or leasing services involving own or leased non-residential property 997212 18% Rental or leasing services involving own or leased Residential property 997211 18% Property Sales on a fee or commission basis or on a contract basis 997222 18% Property Management Services
GST LitigationThe value of the goods/ material supplied or provided free of cost cannot be included in computation.
Case Covered: M/s. Raunaq International Ltd. Facts of the Case: M/s. Raunaq International Ltd, C/o M/s. Utility Energy Tech. & Engineers (P.) Ltd. Parichha Thermal Power, Jhansi were engaged in providing taxable services of “Erection, Commissioning & Installation Service” to their clients and were registered
GST LitigationAAR in the case of M/s Global Transportation Services Private Limited
Case Covered: M/s Global Transportation Services Private Limited Facts of the Case: M/S Global Transportation Services Private Limited (hereinafter also referred to as applicant seeks to provide logistics solutions to its customers, comprising of a number of services, which are mutually exclusive and can be
GST ComplianceUseful HSN Codes- A User-Friendly Compilation
PARTICULARS REQUIREMENT OF HSN CODE Turnover more than Rs. 5 Crore in the Financial Year 2020-21 6 Digit HSN Code- Use all the 6 digits mentioned in the schedule given below Turnover up to Rs. 5.00 Crore in the Financial Year 2020-21 4 Digit
CA Sudhir HalakhandiApr 4, 2021