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RCM Liabilities on Procurement of Inputs and Input Services from Non-Registered Vendors in India
Overview of RCM Liabilities for Real Estate DevelopersPromoters in the real estate sector within the GST framework must source at least 80% of their inputs and input services from registered vendors t...
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RCM on Inbound Sea/Air Freight : Case Studies
OverviewThe Goods and Services Tax (GST), operational since July 1, 2017, has seen a significant number of changes, particularly concerning freight services. Effective October 1, 2023, amendments thro...
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Suspension of GST Recovery on Seigniorage Fees and Mining Leases by Madras HC Awaiting Supreme Court Verdict
IntroductionThe Madras High Court has halted the enforcement of Goods and Services Tax (GST) on seigniorage fees and mining leases, pending a ruling by the Supreme Court. This decision pertains to a l...
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GST on Renting Immovable Properties: Regulations, Exemptions and Checklists
Introduction The leasing of immovable property is recognized as a service delivery under the GST regimen, warranting an 18% tax imposition. The rental of commercial properties always incurs GST charge...
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GST Act and IPC: A Ruling by MP High Court
OverviewIn a landmark ruling, the Madhya Pradesh High Court in the case of Deepak Singhal v. Union of India (Writ Petition No. 21641 of 2024) (2024) TaxCorp(GST) 43580 (HC-MP) underscored that GST aut...
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All About Notice Service under GST Law
Modes of Notice Service: Section 169 of the CGST Act, 2017Section 169(1) of the Central Goods and Services Tax (CGST) Act, 2017 specifies various methods by which the department may serve notices, whi...
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Checklist for Exemption from Interest and Penalty under Section 128A of CGST Act, 2024
IntroductionSection 128A of the CGST Act, 2017 introduces an avenue for assessees to clear outstanding tax dues without incurring interest or penalties, provided certain conditions are met. This provi...
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Guidelines to Safeguard Rights and Interests During GST Search and Seizure Operations
The procedural framework for seizure during search operations under the GST Act, 2017, is designed to balance the government's enforcement needs with the rights of assesses. Although it grants signifi...
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Transporters Require Only Duplicate GST Invoice Copy During Transit: Karnataka High Court Ruling
Case Background:The Karnataka High Court, in the case of Kolvekar Logistics v. Joint Commissioner of Commercial Taxes (Appeals), Hubbali, (2024) TaxCorp(GST) 41800 (HC-KARNATAKA) ruled that transporte...
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Taxability of Vouchers as Goods: Insight from the UP AAR Decision
Overview and Legal ContextThe Uttar Pradesh Authority for Advance Ruling (AAR) delivered a significant judgment concerning the classification of vouchers in the case of M/s Payline Technology Pvt. Ltd...
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Obligation for Personal Hearing Before GST Registration Cancellation: Insights from Delhi HC
Comprehensive Overview: The Delhi High Court, in its ruling concerning M/s Abhishek Appliance (P.) Ltd. v. Assistant Commissioner CGST [Writ Petition (Civil) No. 8920 of 2024 dated July 03, 2024] repo...
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The Remand Authority of Appellate Bodies under GST: Key Considerations
Overview of GST Appellate Authority's RoleThe Goods and Services Tax (GST) framework in India empowers adjudicating authorities to issue decisions which can be contested before an Appellate Authority....
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GST Implications on Fixed Asset Transactions
1. Understanding Fixed Assets under GST The Goods and Services Tax (GST) regime in India doesn't explicitly define "fixed assets". Instead, it employs the concept of "capital goods". As per Section 2(...
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Real Estate and GST in India: A Comprehensive Overview
Introduction The implementation of the Goods and Services Tax (GST) has brought about significant changes in various sectors of the Indian economy, with the real estate industry being no exception. Th...
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IGST Refund Eligibility - Circular No. 233/27/2024-GST and its implications
Understanding the Latest CBIC Circular and Its Implications A recent clarification from the Central Board of Indirect Taxes and Customs (CBIC) has shed light on the eligibility criteria for IGST refun...
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Gauhati High Court Strikes Down GST Timeline Extension: A Landmark Ruling on Procedural Compliance
Examining the Limits of Executive Power in Tax Administration In a significant decision that could have far-reaching implications for tax administration in India, the Gauhati High Court has declared a...
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GST on Property Rentals: A Ready Reckoner
Introduction to GST on Property RentalsThe Goods and Services Tax (GST) regime, established by the CGST Act, 2017, has significantly impacted property rental transactions in India. Section 7 of the Ac...
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GST Extension Dilemma: A Tale of Divergent High Court Rulings
In the wake of the COVID-19 pandemic, the Government's attempts to extend tax assessment timelines have sparked a legal controversy, with High Courts across the country expressing conflicting views. T...
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Tax Implications of Leasing Residential and Commercial Properties under GST.
GST Implications on Leasing Residential and Commercial PropertiesOverview:The Goods and Services Tax (GST) implications for leasing residential and commercial properties depend on the registration sta...
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Final Opportunity for Reporting ITC Reversal Opening Balance.
Final Opportunity for Reporting ITC Reversal Opening BalanceOverviewThe tax department has rendered a vital service by allowing a final opportunity to correct discrepancies in the reporting of Input T...