GST Updates
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356Option for reversing wrongly availed CENVAT credit under the existing law and inadmissible transitional credit through Table 4(B)(2) of FORM GSTR-3B no longer available to taxpayers
Circular No. 88/07/2019-GST dated 1st February 2019 mandates changes in Circulars issued earlier under the CGST Act, 2017. Circular clarifies that alternative...
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305Why did proposal to remove liability to pay interest in case recipient fails to pay to supplier within a period of 180 days was not incorporated in CGST Amendment Act, 2018
It has been widely discussed why proposal to remove liability to pay interest in case recipient fails to pay to supplier within...
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297
Clarification required on fate of Removal of Difficulty order No. 01/2017 dated 13th October 2017: Post Amendment to Section 10 of CGST Act, 2017 w.e.f. 1st February 2019:
The issue arises that what happens to the Order No. 01/2017 dated 13 October 2017 which was issued under Section 172 of...
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352Legacy of Declaration Forms to continue in GST- “Certificate” Regime gets another back door entry through Circular No. 80/2018 dated 31st December 2018
Circular No. 80/2018-GST Dated 31st December 2018 clarified at Point No. 11 regarding Applicability of GST on supply of Waste to Energy...
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360Circular No. 76/2018 dated 31st December 2018- Adds to the Confusion and seeks to overturn Principle laid down by Decision of High Court
There seems to be a new rule coming to the fore wherein CBIC Circulars are ruling the roast and major policy decisions...
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272Need for Simplification and removing Ambiguities in GST:-Issues requiring attention for GST Council
Re-credit of Late Fees: It is worthwhile to Highlight that vide Notification No. 76/2018-Central Tax, Late Fees has been waived for...
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216Embargo over Taxability of Renting of Metering Equipment-Electricity Distribution Companies –Uncertain Times for Tax Payers
The Embargo over taxation of services provided by Electricity Distribution Companies continues. Varied Judgments, circulars issued by under Service Tax Regime and...
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190Taxability of Supply of Food by Education Institution to its Students or by a person other than Educational Institution to its Students
Circular No. 85/2019 has been issued by CBIC on 1st January 2019 to clarify the leviability of tax on supply of foods...
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198Tax Rate on Fly Ash Bricks:- Condition of 90% or more fly ash content
Entry 225A inserted vide notification no. 41/2017 dated 14th November 2017 in Schedule I provides that “Fly ash bricks or fly ash...
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560Treatment of Discounts on offtake from the perspective of recipient in GST-Part II
This part of the article discusses the situation wherein the terms of discount had been decided before or at the time of...
