Indirect Tax Updates

Clubs cannot be treated as distinct from their members and there is no sale transaction between a club and its members. Hence, there can be no sales tax or service tax on supplies by club to its members

Vide decision of Supreme Court of India in State of West Bengal  vs. Calcutta club Limited. Facts of the case: The Assistant Commissioner of [...]

Prescribing the due date for filing return in FORM-GSTR-1 for the registered persons (aggregate turnover more than 1.5 crores) for months from October, 2019 to March,2020

GST Wide Notification  No. 46/2019 dated 09th OCtober, 2019 prescribes the due date for furnishing FORM-GSTR-1 (deails of outward supply of goods and/or [...]

Prescribing the due date for filing return in FORM-GSTR-1 for the registered persons (aggregate turnover upto 1.5 crores) for months from October, 2019 to March,2020

GST Wide Notification  No. 45/2019 dated 09th October, 2019 prescribes the due date for furnishing FORM-GSTR-1 (details of outward supply of goods and/or [...]

Prescribing the due date for filing return in FORM-GSTR-3B for the months from October 2019 to March 2020

GST wide Notification no. 44/2019 dated 09th October, 2019 prescribes the due date for furnishing FORM-GSTR-3B for the months from October, 2019 to March, [...]

Filing of Annual return is made optional for businesses having turnover less than Rs. 2 crores

GST wide notification No. 47/2019 dated 09th October 2019 on the recommendations of the council notifies that registered persons whose aggregate turnover in a [...]

Determination of location of State bench of tribunal is in domain of central government; role of state government is confined to determine place of area benches

-           Vide Decision of High court of Allahabad in Torque Pharmaceuticals (P.) Ltd. Vs Union of [...]

Rectification of mistakes/errors in GSTR-3B manually

-           Vide Decision of High court of Andhra Pradesh in Panduranga Stone Crushers Vs. Union of [...]

Section 103 of Finance (No. 2) Act, 2019 coming into Force

GST Wide Notification No.39/2019 dated 31st August, 2019 appoints 1st September, 2019 as the date from which Section 103 of Finance Act (NO.2), 2019 will [...]

Waiving of to file FORM ITC-04 for Financial years 2017-18 & 2018-19

GST wide Notification no. 38/2019 dated 31st August, 2019 Waives to file FORM ITC-04 for period  from July,2017 to march,2019. Inputs, Semi finished [...]

Amendment for Para 6 in Guidelines for launching of Prosecution in relation to offences punishable under the Customs Act, 1962-reg

Customs vide circular No. 12/2019-Customs dated 24-05-2019 amends para 6 of Circular no. 27/2015 which consists launching Prosecution immediately on [...]

Interest for late payment of GST payable on gross tax liability and not after set-off of Input Tax Credit

Vide Decision Of High Court Of Telangana in Megha Engineering and Infrastructures Ltd. v. Commissioner of Central Tax Facts of the case: Case of the [...]

Extension of due date for furnishing GSTR 1 and GTSR 3B for registered persons in specified districts in Odisha till 10th June and 20th June respectively

GSTR 1 and GSTR 3B for the month of April 2019 has to be filed by 10th May 2019 and 20th May 2019 respectively. The Central Board Of Indirect Taxes and [...]

Provisions of rule 138E of the CGST Rules notified – Restriction on generation of e-way bill

As per Rule 138E, if an assessee, who is a composition dealer has not filed GST returns for two consecutive tax periods, e-way bill cannot be generated for [...]

Clarification regarding filing of application for revocation of cancellation of registration

Section 29 of CGST Act, 2017 empowers a proper officer to cancel the registration, including from a retrospective date, of a registered person on account of [...]

Extension of due date for furnishing GSTR 1 of March 2019 till 13th April 2019

The Central Board of Indirect Taxes and Customs video Notification No. 17/2019 has extended the due date for filing GSTR 1 for the month of March2019 from [...]