Page 2 - Gst Law

60.3 million GST e-invoices were generated in December 2020

As many as 60.3 million GST e-invoices were generated in December 2020, higher than 58.9 million in November

Firms likely to move court against arrest provisions under GST laws

While the government claims that companies are booked under GST laws for fraudulently claiming the input tax credit, experts find loopholes in the provisions, particularly those related to arrests

Delhi HC issues notices to govt, GST Council on retro amendment

The amendment relates to limiting the transitional input tax credit to 90 days form the roll out of the goods and services tax (GST) from July one, 2017

Honest, thorough reappraisal of GST long overdue

The GST regime was ushered in without adequate preparation of the information technology platform for filing returns

Centre clears double taxation under GST kept in bonded warehouses

According to GST laws, IGST would be levied and collected in accordance with the provisions of the Customs Tariff Act

After 11 months of inception, SEZ Rules yet not aligned with GST laws

The commerce ministry should now wake up and suitably amend the SEZ laws

Two businessmen held under GST law for availing of Rs 1.28-bn tax credits

Sources said investigation was underway and the fraud amount was expected to go up to Rs 2 billion

GST: What are requirements for clearance of samples supplied free of cost?

The GST law specifically restricts input tax credit in respect of goods disposed of by way of free samples

When GST heads to the courtroom

Compliance requirements, valuation, input tax credit transfers are likely to lead to tax litigation

A better late than never GST move

Govt has allowed claim of transitional credit before payment of tax for the month of July

Will GST apply for payment made for March work?

GST law requires recipient registered under it to deposit liability under reverse charge mechanism