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An Analysis of Circular No. 199 dated 17/07/2023 Preface Cross charge and Input Service Distributor (ISD) compliances has been complex and contentious issues under the Goods and Services Tax (GST) framework, since its inception. These provisions have been a source of uncertainty and confusion for taxpayers with multiple GST registrations. The lack of clarity surrounding […]

GTA OPTING FCM NOT REQUIRED TO FILE DECLARATION COUNCIL RECOMMENDATION As a trade friendly measure, it has been decided that GTAs will not be required to file declaration for paying GST under forward charge every year. If they have exercised this option for a particular financial year, they shall be deemed to have exercised it

INITIATING CANCELLATION AND REVOCATION Cancellation can be initiated by the department at his own motion under Sec 29 of the Act and Rule 21 of CGST Rules. Revocation of cancellation can be applied in FORM GST REG-21 to the Proper Officer under Rule 23(1). TIME LIMIT & PROCEDURE FOR REVOCATION Revocation application must be submitted

M/s. Gargo Traders Vs JC, Commercial Taxes, by The High Court of Calcutta UNDERLYING ISSUE The petitioner made purchase in November 2018 when suppliers registration was active subsequently authority has cancelled his retrospectively from October 2018. Authority has denied the claim of ITC made by petitioner. DEPARTMENT ALLEGATION The supplier from whom the petitioner claimed

SC Judgement in the matter of M/s Edelweiss Financial Services FACTS OF THE CASE M/s Edelweiss Financial Services Limited issued a corporate guarantee without any consideration. The Revenue claimed that the assessee did not fulfill their service tax liability as a provider of banking and financial services. The adjudicating authority concluded that commission received from

Scope of Supply A new sub-section (aa) in Section 7 is proposed to be inserted retrospectively with effect from July 1, 2017 to levy tax on supply of services/goods by a person (other than an individual) to its members/constituents or vice-versa for a consideration. An Explanation is proposed to be inserted to the aforesaid sub-section

Cheli : Guruji, I have heard that GST department is initiated conducting audits. State GST department has identified some dealers, who shall be audited by the department. Is it true? Guruji : Yes, It is true. Both the Central & State GST department has identified some dealer who shall be audited by the department. Cheli

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