Search Results for Tag : Central Goods
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# GST Changes Applicable From 01.01.2021: Amendment to Composition Scheme Under CGST Act(29.12.2020)
Finance Act, 2020 has amended Section 10(2) of the Central Goods and Services Tax Act, 2017 to provide that a registered person seeking to pay the tax.....
Tags : Finance Act, 2020, Central Goods and Services Act, 2017, Composition Scheme
# GST Changes Applicable From 01.01.2021: Time Limit for ITC Availment on Debit Note Amended(29.12.2020)
Finance Act, 2020 has amended Section 16 (4) of the Central Goods and Service Act, 2017, omitting the words “invoice relating to such” and hence the t.....
Tags : Finance Act, 2020, Central Goods and Services Act, 2017, ITC on Debit Note
# GST Changes Applicable From 01.01.2021: Voluntarily Registered Persons Can Opt for Cancellation(29.12.2020)
Finance Act, 2020 has amended Section 29(1) of the Central Goods and Service Act, 2017 to provide that even a registered person who has obtained the r.....
Tags : Finance Act, 2020, Central Goods and Services Act, 2017, Cancellation of Registration
# GST Changes Applicable From 01.01.2021: Extension on Period for Filing of Revocation Application(29.12.2020)
Finance Act, 2020 has amended Section 30(1) of the Central Goods and Service Act, 2017 to provide that on sufficient cause, the Additional/Joint Commi.....
Tags : Finance Act, 2020, Central Goods and Services Act, 2017, Filing of Revocation Application
# GST Changes Applicable From 01.01.2021: Extension of Government Power Related to Tax Invoice(29.12.2020)
Finance Act, 2020 has amended Section 31(2) of the Central Goods and Service Act, 2017 to grant the power to the Government to specify, with respect t.....
Tags : Finance Act, 2020, Central Goods and Services Act, 2017, Tax Invoice
# GST Changes Applicable From 01.01.2021: Provisions Related to TDS Certificate Omitted(29.12.2020)
Finance Act, 2020 has omitted the provisions related to the procedural part contained in Section 51 of the Central Goods and Services Tax Act, 2017 de.....
Tags : Finance Act, 2020, Central Goods and Services Act, 2017, TDS Certificate
# GST Changes Applicable From 01.01.2021: Penalty for Beneficiaries of Fake Invoicing Introduced(29.12.2020)
Finance Act, 2020 has introduced new sub-section (1A) in Section 122 wherein it has been proposed that a person who retains the benefit of certain tra.....
Tags : Finance Act, 2020, Central Goods and Services Act, 2017, Penalty, Fake Invoicing
# GST Changes Applicable From 01.01.2021: Schedule II, CGST Act, 2017 Only to Classify Supply(29.12.2020)
Finance Act, 2020 has made a retrospective amendment effective from 01.07.2017 to the effect that the aspect of presence/absence of consideration will.....
Tags : Finance Act, 2020, Central Goods and Services Act, 2017, Schedule II
#GST Rollout:CBEC Notifies Remaining CGST Rules, Applicable from 1st July 2017(29.06.2017)
Central Board of Excise and Customs (CBEC) has notified remaining Central Goods and Service Tax (CGST) Rules which applicable from 1st July 2017.
Tags : Central Board of Excise and Customs, Central Goods and Service Tax (CGST) Rules
Gujarat HC Grants Relief To Lawyers Against Demand Notices Issued By CGST Department(08.03.2022)
Gujarat High Court while granting relief to lawyers observed that no coercive action should be taken against them in relation to notices issued to the.....
Tags : Gujarat High Court , Central Goods and Service Tax Department
#GST: Central Goods & Services Rules-2017 Notified, Will Be Effective From Tomorrow(21.06.2017)
Central Board of Excise and Customs (CBEC) in exercise of powers conferred by section 164 of Central Goods and Services Tax Act, 2017 has notified Cen.....
Tags : Goods and Services Tax, GST, Central Goods & Services Rules-2017
AAR, Odisha: Sending of Raw Materials for Manufacture of Industrial Gas Not Job Work(30.03.2022)
Authority for Advance Rulings, Odisha has concluded that IOCL’s sending of raw materials for the manufacture of industrial gas does not qualify job wo.....
Tags : Authority for Advance Ruling, Industrial gas, Central Goods and Services Tax Act, 2017.
Delhi HC Grants Bail to Person Accused Of Fraudulently Claiming ITC(18.04.2022)
Delhi High Court has allowed bail to the person accused of fraudulently claiming an input tax credit under the Central Goods and Services Tax Act, 20.....
Tags : Delhi High Court, Central Goods and Services Tax Act, 2017, input tax credit
AAR, Telangana: Liquidated Damages and Penalties Due to Breach of Contract Exigible to GST(19.04.2022)
Authority of Advance Ruling, Telangana has observed that the liquidated damages and penalties received by the applicant due to breach of conditions of.....
Tags : Authority of Advance Ruling, liquidated, Central Goods and Services Tax, State goods and Services Tax Acts, exigible
Madras HC: Signing of Statement Admitting Tax Liability Not Lead to Self-Assessment(20.04.2022)
Madras High Court has ruled that the signing of a statement by the taxpayer admitting tax liability under the stress of investigation and making payme.....
Tags : Madras High Court, section 74 of the Central Goods and Services Tax Act, 1961, taxpayer, tax liability
CGST: Refund of Duty Deposit Paid on or After Amendment of 2014 Can Invoke Section 35FF(30.05.2022)
Central Goods and Services Tax Authority, Panipat observed that refund of duty deposit paid on or after the amendment of 2014 can invoke Section 35FF .....
Tags : Central Goods and Services Tax, amendment, Section 35FF
Gujarat HC Allows GST Refund to Service Recipient Who Borne Tax Burden(09.05.2022)
Gujarat High Court has ruled that, as per Section 54 of the Central Goods and Services Tax Act, 2017 a claim of refund may be made directly by the rec.....
Tags : Gujarat High Court, Section 54, Central Goods and Services Tax Act, 2017, tax