News
CBIC issues clarification regarding various measures providing relief to the taxpayers
CBIC in order to ensure uniformity in implementation of the tax provisions, provides clarification w.r.t the manner of calculation of.....
Eye Share: GST Council’s Tight Ropewalk Amid COVID-19 Crisis: An Unresolved 15-Point Agenda
The uncertainty in economy is increasing parallelly with the spread of CoronaVirus. All the measure taken by the Government seem.....
CBIC issues order regarding filing of application for revocation of registration cancellation
CBIC issues clarification on calculating 30 day period for filing application for revocation of cancellation of registration where cancellation order was.....
Delhi HC grants stay against NAA order upholding profiteering against Phillips India
Delhi HC hears petition assailing NAA order against Phillips India upholding profiteering on sale of food processor; Grants stay on.....
CBIC issues Notifications to give effect to GST Council's 40th meeting recommendations
CBIC issues notification to give effect to GST Council recommendations made during its 40th meeting held on June 12, 2020;.....
Eye Share: Input Tax Credit on COVID Mandations?
As we exit lockdown, consolidated guidelines on measures to be taken by industrial and commercial establishments were issued by Ministry of.....
Eye Share: Upsurge in Fake Invoicing and Fraudulent ITC Availment - Is Govt. Taking Adequate Measures
Something went wrong with India’s ambitious indirect tax regime rolled out in July 2017 and the acronym GST landed with.....
Form GSTR - 3B/GSTR-1 can be verified through EVC, notifies CBIC
CBIC allows a person registered under the provisions of the Companies Act, 2013 to furnish the (i) FORM GSTR-3B return.....
New registrations to undergo second level verification by State Enforcement Wing, instructs Kerala Govt.
Commissionerate directs conducting of second level verification by the Intelligence Wing for all new registrations granted w.e.f. June 01, 2020.....
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SC stays operation of Delhi HC order in Brand Equity, issues notice
Supreme Court stays operation of Delhi HC ruling in Brand Equity, wherein the HC had read down Rule 117 of.....
Eye Share: Services by Way of Transportation of Goods to a Place Outside India - Analysis & Issues
The provisions relating to foreign shipping were unjust to the Indian Shipping line thus, placing them on backfoot. Authors Shivashish.....
Eye Share: Taxpayer’s Responsibility to Self-Assess
With the audit/assessment for the financial year 2017-18, the first year in the GST regime, yet to begin, self-assessment scheme.....
Eye Share: Refund of ITC – The Next Big Litigation - Part - 1
Recently, amendment has been carried out in definition of the phrase ‘turnover of zero-rated supply of goods’ appearing in Rule.....
GST Refunds: Pre- and Post-COVID-19 Comparison
GST law still hasn’t settled into the system completely, as various facets of law demanded clarity to ensure uniformity in.....
GST Council announces relief measures for small taxpayers in view of COVID-19 pandemic
The GST Council during its 40th meeting today made certain recommendations on Law & Procedures changes in wake of COVID-19 pandemic.....
GST Council's 40th meeting concludes, clears proposal for phased reduction in late-fee
GST Council’s 40th meeting concludes via VC, decides to waive off late fees w.r.t. GSTR-3B returns pending for pre-COVID period i.e......
No restriction on refund w.r.t. imports, ISD invoices & supplies taxable under RCM, clarifies CBIC
Pursuant to representations received, CBIC clarifies that the treatment of refund of ITC relating to imports, ISD invoices and the.....
CBIC clarifies GST levy on directors remuneration ; TDS treatment u/s 192/194J to determine taxability/exemption
To put the controversy over GST levy on directors remuneration to rest, CBIC issues detailed clarification in this regard, stating.....
GSTN issues FAQs on Filing Nil return in FORM GSTR-3B through SMS
GSTN issues FAQs on NIL GSTR-3B Returns to be filed through SMS; Inter-alia provides that such return can be filed.....
Eye Share: Compounding of Offences
To ensure tax compliance, there are certain deterrents in the fiscal legislation i.e. charging of interest, imposition of penalty and.....