5 Major Developments in India
- More businesses to come under e-invoicing scheme from August 1, 2023
- Amnesty scheme for export obligation
- Relief to Imports from Japan under Free Trade Agreement (FTA)
- Active GST taxpayers in Gujarat grew by 124% in six years
- GST Council to clarify food, beverage supply at cinema attracts 5% GST
Composite Supply
Customs
Deduction (Input Tax Credit)
-
ITC can’t be denied under GST even when post-supply discounts received: AAR
- Recipient’s ITC cannot be denied in case supplier becomes non-existent or his registration cancelled retrospectively
-
GST council to hold meeting on 11 July – Here’s what will be on the agenda
-
GST Credit cannot be denied to purchaser if Supplier Registration is cancelled retrospectively
-
Refund of CENVAT credit pertaining to the period prior to registration cannot be denied
-
Purchaser claiming input tax credit has burden of proving purchase is genuine
-
ITC cannot be availed on tax paid on vouchers, held neither goods nor services
-
Transportation charges separately shown is Deductible from GTO under Odisha Sales Tax Act
-
Traders can expect relief in input tax credit under GST regime
E-Commerce / Electronic Services
- Ecommerce operators face problem in GST drive to check fake registration
-
IT department looking to tax Netflix’s India operations: Reports
-
Scope of taxable online services affecting foreign service providers proposed to be broadened
-
Delhi HC upholds govt notifications imposing GST on Ola, Uber autos rides
E-invoicing
-
More businesses to come under e-invoicing scheme from August 1, 2023
- Important Update: E-invoicing likely to be mandatory from next year for GST businessmen with annual turnover above Rs 1.5 crore
-
GST assesses with turnover between ₹5-10 crore must prepare for e-invoice system transition
-
GSTN issued advisory on Enablement Status for Taxpayers for e-Invoicing’
-
GSTN issued advisory on Enablement Status for Taxpayers for e-Invoicing
-
CBIC weighs I-T-like prefilled consolidated GST return forms
-
India Releases FAQ on New Invoice Registration Portal Partners
-
New e-Invoicing update: Find IRN using document number on the IRP & more
-
E-invoices mandatory from August 1 for traders with turnover above ₹5 crore: SGST department
-
What the Govt’s new GST compliance measures and how they impact businesses
-
E-invoice in GST: Know how enterprises with over Rs 5 cr turnover can generate e-invoice in GST
-
Tax experts ask small businesses to prepare well in advance for e-invoicing compliance
-
B2B E-Invoicing: Mandatory Threshold Drops to ₹5 per annum Aug 2023
-
India Postpones Implementing the Time Limit to Report E-invoices
-
GST E-Invoicing Limit reduced to Rs. 5 Crore from 1st August 2013
-
India: Time limit for sending e-invoices to the IRP postponed
-
GSTN delays the time limit for furnishing GST e-invoices by 3 months
-
India B2B E-Invoicing: 7-day E-Invoice Deadline Delay to 1 August 2023
-
GSTN: Deferment of the Implementation of Time Limit on Reporting Old e-Invoices
-
New GST rules in effect as of May 1, 2023 for businesses with turnover of over ₹100 crore: Know here
-
E-invoicing can’t go beyond 7days back (for t/o above 100crs)
-
How India’s new 7-day time limit for e-invoice generation affect some taxpayers
Environmental Tax
Exemption
-
Exempt Supply under GST: Definition, Meaning & Registration Requirements
-
Accommodation Building Outside the Boundary of Religious Place attracts 12% GST: AAR
- Withdrawal of GST Exemption for Passenger Transportation Services Booked through Electronic Platform Upheld
Export
Fixed Establishment
- IT department looking to tax Netflix’s India operations: Reports
- No input tax credit: Intra-co services GST a pain
-
Employee services from branch office to head office, and vice versa to attract 18 pc GST: AAR
-
Services provided by branch office to Head Office and vice versa will attract GST
Flat Rate Schemes
Fraud / Tax Evasion
-
Indian GST Evasion Hits $1.8 Billion During Eight-Week Window
-
50th GST Council meeting on 11 July: Here’s what is expected
- 50th GST Council meeting on 11 July: Here’s what is expected
- Proceedings Puzzle: Orders in fake-invoicing matters under GST
-
Special All-India Drive Against Fake GST Registration- Menace and Safeguards
- GST council to hold meeting on 11 July – Here’s what will be on the agenda
-
Unveiling the Massive GST Fraud: Protecting Your KYC Documents in the Digital Age
-
Groundbreaking Development in GST Jurisdiction! Indian GST Authorities Empowered to Investigate SEZ
-
Rs 10,000 crore GST fraud: 3,000 shell cos created on fake details
-
GST evasion involving 10 fictitious firms detected; 1 held in Gujarat
- Two held for GST fraud of more than 12 cr in Indore
-
GST officials bust 10,000 fake registrations in first week of drive
- GST officers will go shop-to-shop from May 16; Fake GST traders will be punished
-
Shell firms under scanner of tax authorities over fake ITC claims
-
Taxmen issuing notices to insurers for availing input tax credit on fake invoices, evading GST
-
GST evasion: Taxmen using data analytics to identify ‘missing link’ in supply chain
-
GST evasion: Taxmen using data analytics to identify ‘missing link’ in supply chain
-
GST registration frauds under radar: Multiple filings to supply of manpower instead of goods
-
GST evasion detection nearly doubles to Rs 1.01 lakh cr in FY23
-
GST Intelligence to soon wrap up probe into 12 online gaming companies for tax evasion
Free Trade Agreement
Implementation / Reform
- CFOs hail six years of GST, but seek more simplification on tax regime
-
Guidelines for determining discrepancies arising on tax calculation on pre-GST contracts
-
India Inc. calls for second phase of GST reforms for ease of doing business, says Deloitte survey
Importation
- CBIC; Mandatory additional qualifiers in import/export declarations in respect of certain products w.e.f. July 01, 2023
- India may cut solar panel import tax to make up domestic shortfall
- CBIC issued Instructions on Registration of Importers as per the provision of Plastic Waste Management Rules, 2016, as amended
Invoice
- Proceedings Puzzle: Orders in fake-invoicing matters under GST
- Export Invoice Under GST: What is export invoice, documents needed, how to create it, more
-
Government cannot usurp taxpayer money for clerical mistake in GST Invoice
-
Recipient of service entitled to seek advance ruling under GST, says Calcutta High Court
- Imposes a Time Limit to Report Invoices
- 7 Days Restriction applicable to all documents (Invoice, Credit Note, Debit Note) for which IRN is to be generated; GSTN issued updated advisory
-
GSTN issues Advisory on Time Limit for Reporting GST Invoices on IRP Portal
Legal Acts
Liability (Reverse Charge/Withholding)
-
Director’s Remuneration & Sitting fees: Reverse Charge Mechanism under GST
-
AAR of one state cannot provide ruling on liability arising in another state
Private Use
Rate
-
GST Council to clarify food, beverage supply at cinema attracts 5% GST
-
Exclusive: GST Council to clarify food, beverage supply at cinema attracts 5% GST: Source
-
CFOs hail six years of GST, but seek more simplification on tax regime
-
No, mobile phones and TVs are not getting cheaper from July 1, there is no change in GST rate
-
GST Rate rationalisation exercise is unlikely to be taken up soon says CBIC Chief Vivek Johri
-
50th GST Council meeting on 11 July: Here’s what is expected
-
Automobile industry seeks 5% GST for 2-wheelers running on flex fuel, official says
-
GST council must distinguish between betting-related, skill-based online games: Former CBIC chair
-
Punjab hikes VAT on petrol, diesel; check latest fuel prices
-
Rummy, whether played offline or online with stakes or without stakes, is not gambling
-
Confederation of All India Traders: Reduce GST rate on beverages; releases white paper
- Flat buyers will face 18% GST on open car parks’ sale
-
FinMin Considering To Levy Differential GST Rate On Online Games
-
Now, central push for reducing VAT on natural gas for fertilisers
-
Wooden ice-cream sticks, spoons to attract 12% GST, says Karnataka AAR
Real Estate/Immovable Property
- Indirect Tax Weekly Digest | 23 May 2023
- Flat buyers will face 18% GST on open car parks’ sale
- Accommodation Building Outside the Boundary of Religious Place attracts 12% GST: AAR
- Constitutional Validity of GST on Lease/Rent Payments: Supreme Court refers the matter to the Constitution Bench of 9 Judges
-
ELP Tax Update – GST on Other Charges for the Real Estate Industry
Real Time Reporting/Continuous Transaction Controls
-
Government Imposes Time Limit for Reporting e-Invoices on the IRP
-
GSTN issues Advisory on Time Limit for Reporting GST Invoices on IRP Portal
Refund
-
Refund of service tax paid when the services were consumed outside India
-
Delhi High Court comes to the rescue of McDonald’s India as GST refund rejection gets overturned
Registration
-
Ecommerce operators face problem in GST drive to check fake registration
-
Delhi govt introduces Seva Kendra to improve GST registration process
-
Delhi Govt notifies Special Procedure for Revoking Cancelled GST Registration
- Special All-India Drive Against Fake GST Registration- Menace and Safeguards
- Recipient’s ITC cannot be denied in case supplier becomes non-existent or his registration cancelled retrospectively
- GST Credit cannot be denied to purchaser if Supplier Registration is cancelled retrospectively
-
GST Registration cannot be cancelled on non-submission of GST Returns
-
Instructions w.r.t. GST Registration, Cancellation & Revocation
- Special drive to check fake GST registrations
-
Guidelines for Special All-India Drive against fake GST registrations
-
CBIC Drive against fake GST registrations – Impact & Suggestions
-
ITC can be claimed during revocation of cancelled GST registration
-
Cancellation of GST registration without ascribing any reason is invalid
-
GST Registration cannot be cancelled for allegedly being a bogus firm
Reporting / Compliance
-
Online Explanation for Liability Difference in GSTR-1 & 3B (DRC-01B)
-
CBIC waives filing of GSTR-9 and GSTR-9C for turnover up to 2 crores and 5 crores
-
CBIC waives Filing of Form GSTR-9 and GSTR-9C for Annual Turnover up to 2cr and 5cr
- Weekly GST Communique dated July 3, 2023
-
Centre to soon notify rules for setting up GST appellate tribunals
-
GST an engine for driving consumption, helped households save on monthly bills: Govt
-
Form DRC-01B – Managing Liability Differences in GST Returns
-
Extension of Due Date for Filing FORM GSTR-3B for May 2023 in Certain Districts of Gujarat
-
Amnesty Scheme Under GST – Avail benefits before 30th June 2023
-
GST Department Considering Pre-filled Return Forms Like AIS by I-T
- CBIC weighs I-T-like prefilled consolidated GST return forms
-
Next GST Council meet likely to approve 50 appellate tribunal branches
-
Bombay High Court’s Ruling Creates Waves in GST Taxation Landscape!
-
Excise Dept finds many GST return defaulters in door-to-door survey
-
April rings in good times as GST collections rise, inflation eases
-
Key Highlights Of GST Notification And Clarification Circulars In April 2023
-
GST Council meeting: Cement tax cut and online gaming likely to be Council’s agenda
-
GST Council is unlikely to take up any rate rationalisation at its upcoming 50th meeting
-
Important Update: GSTN enabled the option to file GSTR-9 and GSTR-9C for FY 2022-23
-
File GSTR-10 Final Return before 30/06/2023 to avail GST Amnesty
-
Important Update: GSTN enabled the option to file GSTR-9 and GSTR-9C for FY 2022-23
-
Finance companies ask RBI not to rename penal interest as `charges’ to avoid attracting GST
-
Automated GST Scrutiny to trigger notices in cases of data mismatches
-
Karnataka HC quashes GST notice against online gaming company
- Time barring of Scrutiny of GST Returns of Delhi taxpayers
-
GST violations case: Finance ministry refuses to act on insurers’ plea, refers matter to Irdai
-
GSTN: Deferment of the Implementation of Time Limit on Reporting Old e-Invoices
-
New Facility Enabled on the GST Portal to Verify Document Reference Numbers (RFN)
-
Advisory on GST Document Reference Number (RFN) in offline communications
-
Indian Govt Collects Record Goods and Services Tax in April – Statement
-
Finance Minister directed CBIC to introduce its automated GST return scrutiny by next week
- 10 NEW Functionality introduced by GSTN on GST Portal
-
Committee of Officers on GST Audits released ‘GST Audit Manual 2023’
-
CBIC may soon introduce automated system of publishing daily exchange rates for 22 currencies
- GSTN issues Updated Advisory on GST Invoice Reporting: Time Limit applicable to Credit/Debit Notes also
- Government Imposes Time Limit for Reporting e-Invoices on the IRP
- GSTN issues Advisory on Time Limit for Reporting GST Invoices on IRP Portal
Supply of Goods
- ITC cannot be availed on tax paid on vouchers, held neither goods nor services
-
No Sales Tax on Sim Cards, Recharges and other VAS by Telecos: Supreme Court
Supply of Services
- Indirect Tax Weekly Digest | 23 May 2023
- ITC cannot be availed on tax paid on vouchers, held neither goods nor services
Tax Point (When the Chargeable Event Occurs)
Taxable Amount
- GST council must distinguish between betting-related, skill-based online games: Former CBIC chair
-
Finance companies ask RBI not to rename penal interest as `charges’ to avoid attracting GST
- Time of Supply (ToS) and Value of Supply (VoS)
-
Reimbursable expenses are not includible in the taxable value of the Service: CESTAT
- CBIC may soon introduce automated system of publishing daily exchange rates for 22 currencies
Taxable Person
- Director’s Remuneration & Sitting fees: Reverse Charge Mechanism under GST
-
Employee services from branch office to head office, and vice versa to attract 18 pc GST: AAR
Taxable Transaction
- Credit card, e-tail pacts may attract GST lens
-
Service Tax not levied on reimbursable expenses incurred by the Assessee
-
Services of extending corporate guarantee without any consideration is not considered as a service
-
Target-based incentives to attract 18% GST: Maharashtra AAAR
-
Contract involving supply of material and labour is a ‘Works Contract Service’
- Services rendered to holding company under an agreement does not make the service provider an intermediary
-
Bringing electricity under GST is likely to take 5-10 years: Sushil Kumar Modi
- ITC cannot be availed on tax paid on vouchers, held neither goods nor services
- Employee services from branch office to head office, and vice versa to attract 18 pc GST: AAR
- No Sales Tax on Sim Cards, Recharges and other VAS by Telecos: Supreme Court
- Employee services from branch office to head office, and vice versa to attract 18 pc GST: AAR
Tax Authorities / Penalties
-
CBIC issued Important clarification: Interest Payable on Late Payment of Tax and Wrongly Availed ITC
- Amnesty scheme for export obligation
-
50th GST Council meeting on 11 July: Here’s what is expected
-
SEZ units are not exempt from search and seizure proceedings conducted by GST authorities
- GST officials bust 10,000 fake registrations in first week of drive
-
‘Illegal, arbitrary’: Karnataka HC on GST notice to Gameskraft
- GST Authority Seeks Banking Transactions to Catch GST Fraud
-
GST Evasion: AI will be used to reveal GST Fraud; Suspicious GST registration will be Identify
- Automated GST Scrutiny to trigger notices in cases of data mismatches
-
GST officers will go shop-to-shop from May 16; Fake GST traders will be punished
-
Data mismatches to trigger notices under automated GST scrutiny
- Shell firms under scanner of tax authorities over fake ITC claims
- Surprise checks one of Goa’s plans to boost GST mopup
- CBIC to soon have Advance Analytics in Indirect Taxation (ADVAIT)
- GST evasion: Taxmen using data analytics to identify ‘missing link’ in supply chain
- GST evasion: Taxmen using data analytics to identify ‘missing link’ in supply chain
- GSTN issued advisory on Bank Account Validation
-
Denied GST Refund For ‘unjust Enrichment’, IIMA moves High Court
-
To keep tab on tax collection, Punjab launches State Intelligence-Preventive Unit, GST Prime
Technology
- Important Update: 2 Factor Authentication will be made mandatory from July 15, 2023 for all taxpayers with AATO above 100cr
-
GSTN to go live on Account Aggregator ecosystem before July 1, 2023
- GST Evasion: AI will be used to reveal GST Fraud; Suspicious GST registration will be Identify
- GST: Automated returns scrutiny set to roll out
-
CBIC to soon have Advance Analytics in Indirect Taxation (ADVAIT)
Territory
TOGC (Transfer of a Going Concern)
-
Rajasthan AAR says GST not applicable on transfer of going concern by AAI to Adani Jaipur Airport
- Transaction of Transfer/Sale of one of the independent running business divisions attracts 18% GST: AAR
VAT Identification Number
Vouchers