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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
Asset Classification and Income Recognition following the expiry of Covid-19 regulatory package: RBI
RBI/2021-22/17 DOR.STR.REC.4/21.04.048/2021-22 April 7, 2021 All Commercial Banks (including Small Finance Banks, Local Area Banks, and Regional Rural Banks) All Primary (Urban) Co-operative Banks/State Co-operative Banks/ District Central Co-operative Banks All All-India Financial Institutions All Non-Banking Financial Companies (including Housing Finance Companies) Madam / Dear
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 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 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 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 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
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 LitigationKarnataka HC in the case of M/s NMDC Versus The Authority for Advance Ruling
Case Covered: M/s NMDC Versus The Authority for Advance Ruling Facts of the Case: The facts of the case reveal that the petitioner- M/s. N.M.D.C. Ltd. is a Company incorporated in the year 1958, owned and controlled by the Government of India. One of its