In a major move to provide retrospective relief to taxpayers, the Goods and Services Tax (GST) Council has introduced crucial amendments to Section 16 of the CGST Act, 2017. These amendments, which were recommended during the 54th GST Council Meeting in September 2024, address issues related to the wrong availment …
The introduction of Rule 164 in the CGST Rules, 2017 is a crucial step forward in resolving past tax liabilities for businesses. Following the 54th GST Council meeting on September 9, 2024, the government has offered a significant relief to taxpayers by waiving the interest and penalty on tax demands …
In a significant move to support government schools and ease their financial burden, the Central Board of Indirect Taxes and Customs (CBIC) has issued Notification No. 08/2024. This notification exempts GST on affiliation services provided by educational boards and councils to government-controlled schools, starting from October 10, 2024. Here’s a …
In a move to curb revenue leakage and ensure better tax compliance, the Central Board of Indirect Taxes and Customs (CBIC) has introduced a significant change under Notification No. 09/2024. Starting from October 10, 2024, renting commercial property from an unregistered person to a registered person will fall under the …
What is the Invoice Management System (IMS)? The Invoice Management System (IMS) is a new feature on the GST portal designed to help businesses manage their invoices more efficiently. Launching on October 1, 2024, it will allow recipients of goods and services to accept, reject, or hold invoices from their …
DEFINITION OF TERM SUPPLY : For the purposes of this Act, the expression “supply” includes– all forms of supply of goods or services or both such as sale, transfer, barter, exchange, licence, rental, lease or disposal made or agreed to be made for a consideration by a person in the …
Case Study Name: Hitachi Energy India Ltd. v/s State of Karnataka { HIGH COURT OF KARNATAKA): DATE OF ORDER 19-06-2024 Case Overview: Hitachi Energy India Ltd. filed a writ petition challenging the dismissal of their appeal by the Appellate Authority under the GST Act, 2017. The appeal was rejected on …
Case Study Name: Manas Banerjee V/S State of West Bengal { HIGH COURT OF CALCUTTA} : DATE OF ORDER : 19-06-2024 Case Overview: Manas Banerjee filed a writ petition challenging the attachment of his bank account by the tax authorities under GST laws. The attachment was based on an …
Case Study Name: M.R. Metals V/S Assistant Commissioner, State Tax {HIGH COURT OF ANDHRA PRADESH}: DATE OF ORDER : 19-06-2024 Case Overview: M.R. Metals, a business registered under GST, challenged the cancellation of its GST registration by the Assistant Commissioner of State Tax. The cancellation was based on allegations …
Case Study Name: Ramaswamy Prabhaar V/S State Tax Officer (FAC) {HIGH COURT OF MADRAS}: DATE OF ORDER : 19-06-2024 Case Overview: In the case of Ramaswamy Prabhaar vs. State Tax Officer (FAC), the petitioner challenged an order passed against them under Section 73 of the Tamil Nadu Goods and Services …
