News
CBIC notifies extension in transition date for UT of Daman & Diu, validity of e-way bill and refund order
CBIC issues notifications extending the date for transition under GST on account of merger of erstwhile Union Territories of Daman.....
CBIC notifies Rule 67A, enables filing NIL GST return through SMS from June 08
Pursuant to announcement of facility of NIL GSTR-3B return filing via SMS, CBIC issues notification bringing into effect Central Goods.....
Eye Share: Non-Realisation of Export Proceeds for Goods - Impact on Exports Made Prior to Rule 96B
Of late, the Indian export community has been witnessing stringent regulations under the GST law and adding to the list.....
Govt. enables NIL GSTR-3B return-filing via SMS facility
CBIC allows furnishing of NIL GST Monthly Return in FORM GSTR-3B through SMS and provides the procedure for same; Explains.....
Eye Share: Sanitizing GST Rates on Sanitizers
After a series of back to back lockdowns with limited relaxations on the anvil, Govt. of India is trying to.....
Centre releases GST Compensation to States from Dec 19 to Feb 2020
The Central Govt. releases GST Compensation of Rs 36,400 crore for the period from December 2019 to February 2020 to States & Union Territories with Legislature.....
Eye Share: ITC Eligibility on Medical Insurance During Covid-19
COVID-19 is the first PAN India biological disaster being handled by the legal and constitutional institutions of the country. The Central.....
Eye Share: ITC Reversal – Bearing the Brunt During COVID-19 Crisis
Ever since transitioning to the new indirect tax regime in July 2017, the GST Council has been endeavouring to remove.....
GST Council to consider late fee waiver for past GST returns: CBIC
CBIC holds out hope for taxpayers, states that the issue of waiver of Late Fees applicable on non-filing of GST.....
Eye Share: GST Implications on Permanent Assignment of Trademark
Supply of goods or services triggers the levy under Goods and Services Tax (GST) law. While supply is defined in.....
Eye Share: Menace of Dual Control Under Erstwhile Regime Back Under GST in Disguised Form?
Though GST has divided its jurisdiction respectively to Central (CGST) and States (SGST), however, the taxpayers receive notices from the.....
Copy of CGST Rules 2017 amended upto May 05, 2020
CBIC releases the copy of Central Goods and Service Tax Rules, 2017 along with Forms as updated upto May 05,.....
New Functionality for registration of IRP/RP now available on GST Portal
GSTN introduces new functionality of registration of Insolvency Resolution Professionals/ Resolution Professionals (IRPs/RPs) appointed to undertake corporate insolvency resolution proceedings.....
Maharashtra Govt. issues guidelines/clarification for filing appeal in absence of Appellate Tribunal
Maharashtra Govt. issues guidelines & clarification w.r.t. appropriate procedure to be followed in absence of Appellate Tribunal for appeal to.....
Eye Share : Taxing Non-Resident GST Suppliers and Ease of Doing Business
One of the crucial debated issues among tax structures of the world is providing criteria for effective collection of VAT/.....
Eye Share: Pre-deposit as a Precursor To Filing an Appeal – Legislative Intent
Right of appeal is not an inherent right but is created by Statute. The possibility of different viewpoints cannot be.....
Eye Share: Delhi HC’s decision on TRAN Credit and 6 takeaways in the wake of Retrospective Amendment
The author Mr. K. Srinivasan (Senior Associate, Indirect and Corporate Taxes, RANK Associates) explains how the question on time prescription has failed.....
Eye Share: Retrospective Amendment to Section 140- What does it Achieve?
The author Mr. Adithya Reddy (Advocate, Madras HC), highlights Gujarat HC’s decision in Sidharth Enterprises vs. Nodal officer which stated that prescribing time.....
Eye Share: Transitional Credit – One Last Opportunity to Avail!
Transitioning of credit has become a bone of contention between assessees and departments which necessitated intervention of the judiciary to.....
Eye Share: Decrypting the Anti-Profiteering Provisions under GST Law
Anti-profiteering as a concept is not new and there is substantial international precedence (most recently in Malaysia). The experience generally suggests.....