GST Updates – Feb 4, 2022

• Fake ITC racket of Rs. 10.68 Crore busted, A steel firm owner arrested
• Section 115BBH Virtual Digital Assets Taxation Scheme (Tax on Cryptocurrency)
• Taxation of E-Commerce Transactions in Income Tax & GST with Examples
• CENVAT credit cannot be denied due to invoice issued in the name of head office having with centralised registration
• ITC available on GST paid under RCM on hiring of buses for transportation of employees
• GST is exempt on Comprehensive architectural services
• GST AAR Maharashtra allows Reliance Industries Limited to withdraw application
• GST Payable on Club membership & annual subscription & games fee
• GST on supply of RO Plant/system to Indian Navy/Coast Guard
• GST AAR Maharashtra allows Rotary Club of Nagpur to withdraw application
• ‘Decrypting Crypto Tax’ Taxation on Cryptocurrencies
• Margin Scheme under Goods & Services Tax (GST)
• Union Budget 2022 Synopsis & Highlights of Budget 2022
• Digital Currency – Concept and Explanation
• Cryptic Crypto tax or additional digital tax – a palpable conundrum?

Source Taxguru

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