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CBIC GST CIRCULAR
Toll collection against construction services provided to NHAI taxable: Rajasthan HCRajasthan High Court ruled toll collection rights are taxable consideration for highway construction. This decision impacts public-private ...- Bombay HC stays GST demands on co-insurance premiumsThe Bombay High Court has granted interim relief to several insurance companies by staying GST demands on co-insurance premiums and ceding ...
- Businesses get relief as CBIC eases input tax credit rulesThe CBIC has clarified that businesses receiving post-sale discounts via credit notes without tax adjustments don't need to reverse input t...
- GST not applicable on post-sale discounts given by manufacturers to dealersThe CBIC has clarified that post-sale discounts from manufacturers to dealers for competitive pricing and sales promotion are not subject t...
- CBIC says DIN not required for GST notices issued via portal with reference numberCBIC has amended its earlier circular mandating Document Identification Number (DIN) for show cause notices and GST orders, stating that DI...
- Quoting DIN (document identification number) not needed in tax notices, clarifies CBICThe CBIC has clarified that a Document Identification Number (DIN) is not mandatory for GST communications generated through the common por...
- No GST on penal charges levied by banks, NBFCs: CBICGST will not be charged on penal charges levied by banks and NBFCs, as clarified by the CBIC. This exemption is due to such charges being d...
- Automobile dealers can claim ITC on demo cars used for promoting sales: CBICThe CBIC has clarified that automobile dealers can claim input tax credit (ITC) under GST for demo cars used to promote sales. However, ITC...
- CBIC issues fresh norm for recovery of GST duesThe CBIC issues a new guideline for taxpayers to address outstanding dues until the GSTAT is functional. Payments can be made via electroni...
- Curb on unfair GST demand recovery proceedings: GST official needs prior approval from higher authority to act within 3 months of demandGST demand order: If you have received a GST demand order, you can either it pay it or file an appeal against it. However if GST officials ...
- GST on corporate guarantees: Taxmen believe clarity will emerge only in SCThe issue of levying GST on corporate guarantees between related entities remains uncertain until the Supreme Court's final decision. The C...
- GST on corporate guarantees: SC to offer clarity, say officialsSeveral companies caught in the crosshairs of the GST authorities got a sense of relief last week after the Punjab & Haryana High Court sta...
- GSTR-1 deadline has been extended today as recommended by GSTN due to difficulties in filingGSTR-1 deadline: The last date to file GSTR-1 for March 2024 tax period was April 11, 2024, however GSTN has recommended to the Central Boa...
- GST: From payment for not serving notice period to cheque dishonour, CBIC clears the airThe Circular also mentions non-compete fees, late payment charges by utility providers of electricity, water or cancellation charges levied...
- Ice-cream parlours to attract 18% goods and services tax: CBICIt said in a circular that past tax dues of ice-cream parlours that attracted GST at the rate of 5% without input tax credit shall be treat...
- CBIC introduces facility of restoration of cancelled GST registrationThe move will provide relief to many taxpayers whose registrations were cancelled suo moto and the time period of application for revocatio...
- Maharashtra govt to issue own trade circulars as opposed to following CBICUnder GST, joint decisions are taken by Centre and states at the GST Council and implemented across the economy irrespective of tax jurisdi...
- High value cars, jewellery to become cheaper as TCS to be excluded in computing GSTThe CBIC in a circular said that the TCS amount would be excluded from the value of goods while computing the Goods and Services Tax (GST) ...
- CBIC sets up Help Desks’ for expeditious IGST refunds for MSME exportersThe Help desks would assist in resolution of IGST refund claims for MSME exporters as part of on-going ‘Refund Fortnight.
- GST to be levied on goods stored in customs warehouse only on final clearance: CBIC"The supply of goods before their clearance from the warehouse would not be subject to the levy of integrated tax," the CBIC said in a circ...
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