GST WEEKLY UPDATE : 24/2023-24 (10.09.2023) The GST E-way bill system has issued an Update dated September 05, 2023 stating that, As per the Notification No. 78/2020 dated October 15, 2020, the taxpayers, having Aggregate Annual Turn Over (“AATO”) above Rs 5 Crore, shall use atleast 6 digit HSN code in the e-Invoices and e-Waybills and other taxpayers shall […]
Category: GST
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Advisory for applicants where GST Registration application marked for Biometric-based Aadhaar Authentication
Dear Taxpayers, 1.Rule 8 of CGST Rules had been amended to provide that those applicants who had opted for authentication of Aadhaar number and identified on the common portal, based on data analysis and risk parameters, shall be placed for biometric-based Aadhaar authentication and taking photograph(s) of the applicant. 2.Pilot for implementation of the above […]
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Important Case Law Alert
No GST Credit note required when goods were returned even before being received by recipient: HC Author’s Comment: There is a difference between Supply as per GST and Movement of Goods. Tax Invoice, Credit Note/ Debit Note would be required when Supply is involved. E-way bill is for Movement of Goods. There can be a […]
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Ruling by Punjab and Haryana High Court: Implications of Reusing E-Way Bills for Tax Evasion in the Transportation Industry
the implications of reusing e-way bills for tax evasion in the transportation industry. Discuss the recent ruling by the Punjab and Haryana High Court in a specific case that upheld the penalty against a transporter for reusing e-way bills with the intention of tax evasion. The Punjab and Haryana High Court recently made an important […]
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The Challenges Faced by Trade and Industry in Complying with GST in Mumbai
the challenges faced by trade and industry in complying with GST in Mumbai. The MVIRDC World Trade Center Mumbai has recently submitted a memorandum to the Central Board of Indirect Taxes & Customs (CBIC) and the GST Council, addressing the 12 challenges faced by trade and industry in complying with GST. This memorandum aims to […]
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Adjustment of Voluntary Payments in GST Investigations: A Relief for Taxpayers
Adjustment of Voluntary Payments in GST Investigations: A Relief for Taxpayers In a recent ruling, the Bombay High Court has brought significant relief to taxpayers by allowing the adjustment of any amount voluntarily paid during a Goods and Services Tax (GST) investigation against the pre-deposit requirement for filing an appeal. This decision is expected to […]
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Car Fire Incident on Chennai’s GST Road: Prompt Response and No Casualties
the recent car fire incident on Chennai’s GST road. Car Fire Incident on Chennai’s GST Road On August 19, a car caught fire on Chennai’s GST road near Pallavaram, causing panic among the commuters. However, thanks to the swift action of the fire tenders, the situation was brought under control promptly, preventing any casualties. Eyewitnesses […]
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A Comprehensive Guide to E-Invoicing: Navigating the Digital Taxation Landscape
E-Invoicing: A Comprehensive Guide to Understanding the Process E-invoicing has emerged as a game-changer in the world of taxation and financial transactions. The Goods and Services Tax Network (GSTN) has recently issued an advisory providing valuable insights into the e-invoice system. In this guide, we will delve into the e-invoice glossary and step-by-step process to […]
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Bombay High Court Ruling: GST Exemption for Services Rendered Abroad
the recent Bombay High Court ruling on the applicability of Goods and Service Tax (GST) to services rendered abroad. In a recent case, the Bombay High Court ruled that Goods and Service Tax (GST) is not applicable to services rendered abroad as it amounts to export services. The petitioner in this case was Jar Productions […]
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The Impact of GST on Real-Money Gaming: Challenges and Consequences in India
the impact of the government’s GST on the real-money gaming sector in India. The Impact of GST on the Real-Money Gaming Sector in India The online gaming industry in India has been facing significant challenges due to the government’s implementation of the Goods and Services Tax (GST). With the recent levy of 28 percent GST […]