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Held: services tax cannot be levied on these kinds of damages as the same wouldn't be protected while in the 'Declared providers' u/s 66E(e).
● Recap: Guj HC in Dec’20 held that DBK costs remaining the identical, it represented only the ‘Customs’ components, which didn't get subsumed during the GST, and therefore, the assessee can not be said to get availed double advantage.
writer’s Note – Within this judgement it really is bolstered because of the large court docket that desire on delayed refund really should usually be granted if there isn't any product evidence that refund is required check here to get rejected.
Where the handy life of the money products exceeds the challenge time period the proportionate credit rating on these types of money items might be availed in another venture where the identical is being used.
(b) the “6 months in the day on which the stated order has been handed” in sub-section (3) of part 112, the beginning from the six months period of time shall be thought to be the later on of the next dates: –
To facilitate the taxpayer registered underneath GST with a lot more ways of payment, two new amenities of payment have now been presented below e-payment in addition to Internet-banking.
study more about the extensions comprehensive out in our posting on push briefings as on 24th March 2020.
superior to determine a positive ruling on this contentious situation, In particular on the point, these marketing products are usually not ‘items’ and for that reason ITC restriction u/s 17(5)(h) shall not utilize.
Expeses paid out like ameinities fees, drainage costs, FSI fee or other big small expenses by builder to municipality of city planning is always to be considered as exempt offer or esle actions covered in routine III for calculating 80:20 ratio. no matter if RCM use on these types of exp.?
• If there isn't any beneficial credit score stability in ECL, that order u/r 86A will be study to produce a lien upto limit talked about. As and in the event the credit score entries occur, the lien would connect to These credit score entries upto the Restrict set from the order.
A taxpayer has not filed GSTR-one due to GSTR-3B not being filed for greater than two consecutive months (a person quarter for individuals who choose in the QRMP scheme).
GST Council customers achieved by way of movie conferencing to debate and pass the circulars drafted for price cuts on cost-effective and non-cost-effective housing under construction.
Conclusion: In summary, the January 2024 updates from GSTN mark major strides in improving the GST portal’s performance. Taxpayers must remain abreast of such variations, ensuring seamless compliance with the most up-to-date rules.