The Calcutta High Court recently passed a judgment in M/s. Modicum Enterprise (OPC) Private Limited v. Deputy Commissioner of State Tax/Assistant Commissioner of State Tax [M.A.T No. 1828 of 2022 with I.A. No. CAN 1 of 2022 dated December 22, 2022] regarding the applicability of late fee under Section 47 of the Central Goods and …
Continue reading “No GST Late Fee To Be Charged if GST Return Not Filed Due to GST Cancellation”
Filing GST (Goods and Services Tax) returns is a necessary requirement for all registered businesses in India. GST returns are periodic statements that contain details of all transactions made by the business during a particular period. Here are the benefits of filing GST returns: In conclusion, filing GST returns is not only a legal requirement, …
The Hon’ble Delhi High Court has recently passed a judgment in the case of Marg Erp Ltd v. Commissioner of Delhi Goods and Service Tax & Anr. [W.P.(C) 872/2023 dated February 3, 2023] regarding an unsigned order passed by the Revenue Department, which has been set aside by the court. The court held that an …
The Hon’ble Allahabad High Court, in the case of Acambis Helpline Management (P.) Ltd. v. Union of India [Writ Tax No. 185 of 2022 dated December 15, 2022], has dealt with the issue of the cancellation of the Goods and Services Tax (GST) Registration of the Petitioner (Acambis Helpline Management). The Revenue Department (the Respondent) …
The issue at hand involves the imposition of Integrated Goods and Services Tax (IGST) on ocean freight services under the Reverse Charge Mechanism (RCM) in India. The Indian importer was required to discharge IGST on the freight services according to NN 8/2017 Integrated Tax (Rate) and NN 10/2017-Integrated Tax (Rate). This was a change from …
The Hon’ble Madras High Court in the case of M/s. Lenovo India Private Limited vs Assistant Commissioner of GST & Central Excise in [W.P.No.1863 of 2023 and W.M.P.No.1965 of 2023 dated February 01, 2023] has dealt with the issue of violation of principles of natural justice in the rejection of the GST refund application. In …
SCN stands for “Show Cause Notice” in the Goods and Services Tax (GST) context. A show cause notice is issued by the GST department when it suspects that a business has violated the GST laws and regulations. The notice requires the business to explain and justify its actions and provides an opportunity for the business …
1. What are the prerequisites for registering as a Non-Resident Taxable Person on the GST Portal? A Non-Resident Taxable Person must meet the following criteria: After the PAN, email, and mobile number have been validated, a Temporary Reference Number (TRN) will be issued and sent to you through SMS and email. Using this TRN, you …
Continue reading “FAQs on Registration by Non-Resident Taxable Person (NRI)”
Customs is responsible for working with Postal authorities to clear selected goods that come in the form of postal parcels, etc. after conducting proper checks. Customs makes sure that these postal items comply with the regulations outlined in the Customs Act, 1962. If the value of goods in the postal package exceeds the limit for …
The GST Portal has recently implemented a new feature called “Initiate Drop Proceedings” for GST registration numbers that have been suspended due to the non-filing of GST returns. This feature is available for taxpayers who have filed their pending returns, such as 6 months or 2-quarters returns. The implementation of this new feature is aimed …
