News
Eye Share: Authority of Advance Ruling |A metamorphosed structure and Writ Remedy
The advance ruling forum under GST laws is a metamorphosed structure in comparison to the forum designed in Direct tax.....
Eye Share: Intermediary Services – Intra or Inter?
GST was initially envisioned to be a single tax regime for the entire nation. However, 4 different legislations i.e. CGST,.....
Govt. announces release of entire GST Compensation for FY 19-20, releases state-wise details
Government announces release of entire compensation of Rs. 1,65,302 crore for the year 2019-20 to the States which includes Rs......
FinMin explains rationale for 18% GST on hand sanitizers, cites 'Atmanirbhar' policy
FinMin clears the air on GST rate applicable on alcohol based hand-sanitizers; Explains that sanitizers are disinfectants like soaps, anti-bacterial.....
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Eye Share: Moving the 'Immovables' - A GST Credit Perspective
Taxation Laws and commercial realities often coincide. This is mostly due to evolving businesses, innovative ideas, changing operation structures etc......
CBIC extends due-date for furnishing GSTR-4 upto Aug 31
On recommendations of Council, Central Govt. further extends due date of furnishing FORM GSTR-4 (composition dealer) till August 31, 2020: CBIC.....
Eye Share: Ex-Factory Sales Could be an Area of Litigation
Stepping in the fourth year of GST, the country has overcome various teething troubles, and moved on to expedite the.....
Eye Share : CGST & SGST of other state – A Biased Rejection
As GST has completed 3 years of implementation, there still are plenteous issues and moot questions awaiting answers from the.....
Eye Share: Composition Scheme - Complications Faced by Service Providers
As the GST suffers from multitude of teething problems, one such problem is the Composition scheme from the perspective of.....
Uttarakhand HC issues notice in writ by Ashok Leyland challenging 'Budgetary Support Scheme'
Uttarakhand HC issues notice to Union of India on a writ petition filed by Ashok Leyland (Commercial Vehicle Manufacturer) challenging.....
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DGGI probes inquiry into GST evasion on hand sanitizers, prepares list of manufactures/suppliers
Directorate General of Revenue Intelligence (DGGI) issues letter to Pr. Chief Commissioner/Chief Commissioner to check evasion of GST in respect.....
Eye Share: COVID-19- GST Relief Measures, Industry Expectations and Businessplan
As the world continues to be under the wrath of COVID-19 pandemic, the economy is still trying hard to get.....
Copy of CGST Rules 2017 amended upto July 01, 2020
CBIC releases the copy of Central Goods and Service Tax Rules, 2017 along with Forms as updated upto July 01,.....
Eye Share: Factoring Arrangements - From GST Perspective
It is very essential to have a proper control and management of receivables as they constitute a significant portion of.....
CBIC enables filing of NIL GSTR-1 using SMS facility
CBIC amends Rule 67A regarding furnishing of returns using short messaging service (SMS) facility; Enables furnishing NIL return u/s 39.....
Eye Share: Dent on 2021 by COVID-19
The COVID-19 contagion not only affected the world health but also triggered significant downside risks to the overall global economy......
Revenue for June show recovery, collections pegged at Rs. 90,917 crore
GST revenue collection for the month of June 2020 stands at Rs. 90,917 crore comprising of CGST Rs. 18,980 crore,.....
CBIC prescribes upper limit of penalty on furnishing GSTR- 3B till Sept 30
CBIC issues notification to prescribe maximum amount of penalty if GSTR-3B is filed upto September 30.2020; Clarifies that the maximum.....
CBIC further extends time-limit for compliance of action/passing order upto Aug 31
CBIC prescribes the time-limit for compliance or completion of action by authorities including issuance of order u/s 54 falling within.....
CBIC rolls out facility to file 'NIL' Form GSTR-1 through 'SMS'
CBIC in a major move towards GST taxpayers facilitation decides to provide the facility of SMS filing of NIL statement.....