In the dynamic arena of finance, Chartered Accountants (CAs) have historically been synonymous with audit and accounts functions. However, their role has evolved over the years, branching into income tax and establishing them as pivotal players in providing a diverse array of services. This extends from aiding clients in filing returns to offering critical advice, …
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In a significant move to enhance the efficiency and accessibility of Goods and Services Tax (GST) payments, the GSTN has expanded its network by welcoming two new banks – Karnataka Bank Limited and RBL Bank Limited. With these additions, the total number of banks facilitating GST payments has now reached an impressive 25, providing businesses …
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Introduction In a significant stride towards enhancing the ease of tax compliance, the Goods and Services Tax Network (GSTN) has recently unveiled a user-friendly feature that allows Goods Transport Agencies (GTAs) to file Annexure-V online through the GST Portal. This eagerly awaited functionality is specifically designed for newly registered GTAs opting for the Forward Charge …
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In a recent move to address concerns related to the filing of appeals under the Central Goods and Services Tax Act, 2017, the Ministry of Finance, Department of Revenue, Central Board of Indirect Taxes and Customs has issued Notification No. 53/2023–Central Tax. Dated 2nd November 2023, this notification outlines a special procedure for taxable persons …
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In a significant move to combat the rising issue of fake or bogus registrations under the Goods and Services Tax (GST) regime, the Central Board of Indirect Taxes and Customs (CBIC) has issued a comprehensive set of guidelines through Instruction No. 03/2023-GST, dated 14th June 2023. These guidelines, addressed to all Principal Chief Commissioners, Chief …
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In a recent development, the Central Board of Indirect Taxes and Customs (CBIC) has issued Instruction No. 05/2023-GST, dated 13th December 2023, addressing the implications of the Hon’ble Supreme Court’s judgment in the case of Northern Operating Systems Private Limited (NOS). The judgment, delivered on 19th May 2022, pertains to the nature of secondment of …
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In a recent landmark judgment, the Delhi High Court, in the case of M/s. Att SYS India Pvt. Ltd. Estex Tele Pvt. Ltd. Consortium v. Commissioner of Goods and Service Tax [W.P. (C) 14494/2023 dated November 20, 2023], has granted relief to the petitioners, directing the Revenue Department to reinstate their GST registration. The court …
In a significant legal development, the Hon’ble Kerala High Court, in the matter of M/s. Hilton Garden Inn v. Commissioner of Kerala Goods and Service Tax Department and Others [WP (C) No.25069 of 2023 dated November 23, 2023], delivered a noteworthy judgment on November 23, 2023. The court allowed the writ petition, taking the stance …
In a significant ruling, the Authority for Advance Ruling (AAR), Rajasthan, addressed the complex issue of Goods and Services Tax (GST) liability concerning the leasing of residential property for commercial purposes. This ruling, documented in Advance Ruling No. RAJ/AAR/2023-24/14 on November 29, 2023, specifically involved M/s. Deepak Jain and Back Office IT Solution Pvt. Ltd. …
The Hon’ble Madhya Pradesh High Court, in a landmark decision dated November 20, 2023, addressed the matter presented in WP No. 26693 of 2022, where M/s. Raymond Ltd. (referred to as “the Petitioner”) sought relief against the Show Cause Notice (“the Impugned SCN”) dated September 03, 2022, issued by the Revenue Department (“the Respondent”). The …
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