Indian VAT updates by TaxGuru & Taxscan – week of Jan 20, 2020

Topics

Article discusses Whether recovery from employees amounts to supply, Whether GST applicable on delayed payment charges collected on exempt supplies, Whether RCM liability under service tax on freight charges, Can Form GST TRAN-1 would be amended/rectified and Whether offline Form GST TRAN-1 can be accepted.

How to correct mistakes in GST by DRC-03? Its impact on GST Audit?

Job Work relating to Printing Industry under GST

Whole Sale and Retail trade Services under GST

GST on Compensation for obligation to refrain from an Act, or to tolerate an Act

GST Implication on Participants and Organiser of Exhibition

Educational Services under GST

GST Audit- Applicability, Types, Due Date, Penalty

No denial of Credits to recipient even If the Duty was Legally not payable by Supplier Read more at: https://www.taxscan.in/credits-recipient-duty-legally-payable-supplier-cestat/45662/

No Penalty can be Imposed on Partners, If Penalty has been imposed on Partnership Firm

Exporters ought to follow Standard Operating Proceedure to avoid Fraudulent ITC grant to Exporters based on Fake Invoices

Fraud / Tax evasion