5 Major Developments
- GST e-Invoice / IRN System – Electronic Invoicing in India – Expansion scope on Oct 1, 2022
- To dodge crypto tax, Indian users take global exchange route
- Interest on Refund is allowable for amount deposited during Investigation: CESTAT
- Why cancellation charges are taxable? India CBIC vs EU ECJ
- ₹ 1,43,612 crore gross GST revenue collected in the month of August 2022
Cryptocurrency and NFT
To dodge crypto tax, Indian users take global exchange route
E-Invoicing
GST e-Invoice / IRN System – Electronic Invoicing in India – Expansion scope on Oct 1, 2022
Refund
Recent Amendments in GST Refunds
Interest on Refund is allowable for amount deposited during Investigation: CESTAT
Refund allowed of IGST paid by assessee on ocean freight charges
Controversies Court
Indirect Tax Controversies Capsule
Fraud/Tax evasion
Govt to investigate fraudulent misuse of PAN for GST registration
GST: Kerala introduces ‘Lucky Bill App’ to Curb Tax Evasion
Kerala Government to launch the ‘Lucky Bill App’ to curb GST Evasion
GST officials detect tax credit abuse with data analytics
Kerala government releases ‘Lucky Bill App’ to check evasion of GST
Excise
Delayed Refund of Excise Duty paid during Investigation eligible for Interest: CESTAT
Taxable Transaction
Why cancellation charges are taxable? India CBIC vs EU ECJ
No GST applicable on UPI Services: Finance Ministry
Know Your Rights and Duties in Summons under GST
Advance ruling cannot be given on applicability of GST on Donation
Taxability of Barter and Exchange under GST
GST on Renting Of Immovable Property – Recent Amendments
Personal Consumption, Recent Supreme Court Decision and GST Implications
Mobil Oil obtained from Cleaning process, not a Manufactured Product, No Sales Tax: CESTAT
GST on House Rent: Clarifications and Concerns
Guidelines on Issuance of Summons under Section 70 of CGST Act 2017
GST Law
CBIC issues instructions on powers to issue summons, arrest and access to bail under the GST law
Exemption
Online education firms not exempt from GST, clarifies Kerala AAR
IGST on ocean freight likely to be scrapped
Medicine purchases by inpatients exempt from GST, says Tamil Nadu AAR
GST to be levied on cancellation of confirmed train ticket: Finance ministry
No GST on residential premises if rented out for personal use: Govt
GST rates could change to correct inverted duty, exemptions
Taxable Authorities/Penalties
₹ 1,43,612 crore gross GST revenue collected in the month of August 2022
CBIC issues Guidelines for Launching of Prosecution of GST Offences
GST wing of CBIC conducts tax inspections against insurance companies
No penalty without giving opportunity of being heard
Registration
GST Rules Amendment omitting Opportunity to Assessee before Suspension of Registration
Input Tax Credit
No ITC on invoices raised for the past period as hit by Period of Limitation
C&F agent Service is admissible input service
Changes in table 4 of GSTR-3B related to the claim of ITC are now live on the GST Portal
GST wing of CBIC conducts tax inspections against insurance companies
ITC denied if buyer having knowledge of investigation going on against his supplier
GST on Textiles
GST Council unlikely to correct inverted duty structure on textiles next month
GST circulars
Analysis of GST circulars 177, 178 & 179 issued on 3rd August 2022
Reporting/Compliance
5 new Functionality for Tax Payers in GST Portal wef 16.08.2022
GST Transitional Credit filing from October till December: Centre approaches Supreme Court
Mysteries of the GST Clause 44 in Form 3CD
GSTN enables Changes in table 4 of GSTR-3B related to the claim of ITC on Portal
New Changes in GSTR3B – challenges for August returns
Supreme Court gives Finance Ministry 30 more days for opening of GST portal
Changes in Table 4 of GSTR 3B; Reporting of ITC availment, reversal and Ineligible ITC
Supreme Court gives Finance Ministry 30 more days for opening of GST portal
GST Portal to Open from 1st October for filing of Transitional Credit: GSTN
Uttar Pradesh cabinet approves amendment to UP GST Act to give relief to small taxpayers
GST updates and compliance calendar for September 2022
Inter head transfer for Tax paid under GST – Form GST PMT-09
GSTN portals working ‘pretty well’: Infosys CEO
GST Due Date Reminder: GSTN advises Taxpayers to file IFF under QRMP Scheme and GSTR-6
GST: One-Line Order dismissing Appeal on ground of Delay in filing is Invalid, rules Calcutta HC
Rate
State has no Obligation to indicate HSN Code and GST Rates in Public Tender: Supreme Court
Preserved Fruit classifiable under Tariff Heading 2008, 12% GST leviable on Ber Berry: AAR
Scindia asks states to lower VAT on aviation fuel
GoM seeks legal panel view for GST on online games of skill
Gaming industry lauds GoM move to tax online gaming separately
Amusement Park rides cannot be classified as Motor Vehicle, will attract GST @ 18%
Parts and Accessories of Hearing Aids attracts 18% GST: AAR
Flavoured milk’s a drink, will be taxed, says AAAR ruling
More GST rate changes likely to address inverted duty, exemptions
Sale of Robinson Barley and Purity Barley Taxable @12% under Orissa Sales Tax Act: Orissa HC
GST rates on certain goods and services: 4 Myths cleared
Customs
Concessional rate of 10% customs duty to apply on mobile display assembly
CBIC: Simplification of the procedure for compounding offenses under the Customs Act
Axe Oil is classifiable under Chapter 30 of Excise Act, attracts 12% Duty: CESTAT
Government Amends IGCR Rules to Include Imports for Specific End Use
EU to end duty benefits for 1,800 goods under Generalised Tariff Preference Scheme
India cuts diesel export duties as trade deficit widens
Place of Supply
GST applicable to Entities providing Online Education
