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Maharashtra AAR in the case of M/s. Prasa Infocom & Power Solutions Private Limited
Case Covered: M/s. Prasa Infocom & Power Solutions Private Limited Facts of the Case: The present application has been filed under Section 97 of the Central Goods and Services Tax Act, 2017, and Maharashtra Goods and Services Tax Act, 2017 [hereinafter referred to as “the CGST Act
Critical Analysis of GST Constitutional Journey
Critical Analysis of GST Constitutional Journey We all know that the Constitution amendment bill later on passed by parliament and become 101 st constitutional amendment law bring the GST into life. Here I have analyzed its complete journey and constitutional background. Constitution of India supreme
FAQ’s on GSTR 2A in GST
What is GSTR 2A? GSTR 2A provides for the auto drafted details of various data at the GST portal. What information is auto-populated in GSTR 2A? GSTR 2A contains four parts. Each portion has some auto-populated data. Part A It contains the details of invoices
CA Shafaly GirdharwalGSTN portal to show the details of bill of entry
GSTN portal to show the details of bill of entry A major upgrade has been made in the GSTN portal. The importer’s file bill of entry at the time of payment of tax.GSTN portal to show the details of bill of entry. You can check
[update from 1/10/2020] 12/2017 CTR Updated-Exemptions in GST
Introduction- Exemptions in GST Many items are exempted from GST. Section 11 of the CGST Act provides the right to prescribe the list of exempted items in GST. The following two notifications are issued to list the Exemptions in GST. 2/2017-CTR for exempted Goods 12/2017
Gujarat HC in the case of Punjab National Bank
Case Covered: Punjab National Bank Versus M/s Mithilanchal Industries Pvt. Ltd. Facts of the Case: The present litigation initiated by the appellant Bank, right from the inception has resulted only in the loss of the time of the various judicial forums that have been approached
Composition Scheme (Section-10 of CGST Act, 2017)
Composition Scheme (Section-10 of CGST Act, 2017) Every tax system requires compliances with statutory provisions in a time-bound manner such as periodic tax payments, filing of returns, maintenance of prescribed records, etc. which many a time pose a challenge to small business. Provisions to protect
Circular No. 38/2020-Customs
Circular No. 38/2020-Customs To, All Chief Commissioners of Customs/Customs (Prev.) All Chief Commissioners of GST All Chief Commissioners of GST and Customs All Directors General under CBIC Sir/Madam, Subject: Guidelines regarding implementation of section 28DA of the Customs Act, 1962 and CAROTAR, 2020 in respect
Interest on Net Tax Liability – Prospective or Retrospective?
Interest on Net Tax Liability – Prospective or Retrospective? Interest provisions and Brief History ➢ Interest is on failure to pay the tax within the prescribed period ➢ Section 49 – payment may be through cash/credit ledger ➢ Megha Engineering (Telegana High Court) Allowed to
(with examples) GST interest to be levied on the net
GST interest to be levied on the net After a long journey of confusion. It is clarified that the charge of GST interest is on net liability. Notification no. 63/2020 issued in this regard. But in that notification, the date to notify the proviso to
CA Shafaly GirdharwalGSTR-4
GSTR-4 Form GSTR-4 (Annual Return) is a yearly return to be filed by taxpayers opting for composition scheme on an annual basis. Unlike a normal taxpayer who needs to furnish three monthly returns, a dealer opting for the composition scheme is required to furnish only
Notification No. 63/2020 – Central Tax
Notification No. 63/2020 – Central Tax [To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Notification No. 63/2020 – Central Tax New