A Critical Analysis of Unjustified Provisions of ITC Under GST Law VAT v/s GST Maharashtra VAT Act Section 48(1): The State Government may, by rules, provide that —– a set-off or refund of the whole or any part of the tax paid on purchases —–,
Introduction REG 07 is the form for TDS & TCS deductors. TDS requirement is on government departments whereas TCS is deducted by E-commerce operators. They need to deposit it into the account of government and issue a certificate of tax deduction/collection. The normal rate of
Introduction Turnover is the basic criteria for registration requirement in GST. The general threshold is Rs. 20 lac. In case of sales of goods it is Rs 40 lac. But the limit of Rs. 40 lac is only for specified states. Otherwise the threshold is
Format of GST Appeal to Final Commissioner (Appeal) Format of GST Appeal- Form GST APL – 01 [See Rule 108(1)] Appeal to Appellate Authority 1. GSTIN/TEMPORARY ID/UIN XXXXX 2. The legal name of the appellant XXXXX 3. TRADE NAME, IF ANY XXXXX 4. Address XXXXX
Case Covered: Commissioner of Service Tax Versus M/s Adani Gas Ltd. Facts of the Case: This appeal arises from a judgment and order of the Customs, Excise, & Service Tax Appellate Tribunal, 1 West Zonal Bench at Ahmedabad in Service dated 5 April 2019. The
Case Covered: The Deputy Commissioner of Income Tax Versus M/s. EYBGS India Pvt. Ltd. Facts of the case: The facts relating to the case are discussed in brief. The assessee is a 100% subsidiary of EYGI B.V., Netherlands. It is engaged in the business of
Case Covered: M/s Bharti Airtel Limited Versus Union of India Facts of the case: The petition has been listed before this Bench by the Registry in view of the urgency expressed therein. The same has been heard by way of video conferencing. The present
Minutes of 35th GST Council Meeting held on 21st June 2019 The 35th Meeting of the GST Council (hereinafter referred to as ‘the Council’) was held on 21st June 2019 under the Chairpersonship of the Hon’ble Union Finance Minister, Ms Nirmala Sitharaman (hereinafter referred to
Basic provisions related to GST Registration GST registration can be taken in two scenarios. The first is mandatory and the second is voluntary. When a person is liable to take registration in GST? Mandatory registration in GST: In the following scenarios taking registration is mandatory
Introduction A composition dealer is required to file CMP 08. Earlier they were required to file GSTR 4 on quarterly basis. Thereafter, rule 62 was amended in which CMP 08 is required to be filed as a quarterly statement. Details of sales, tax payable in
