GST – National Appellate Authority for Advance Ruling

GST - National Appellate Authority for Advance Ruling The Finance (No.2) Act 2019 incorporated the following three new sections to the Central Goods and Service Tax Act relating to the National Appellate Authority for Advance Ruling: Section 101A–Constitution of the…

36th GST Council Meeting

36th GST Council Meeting The high-powered 36th GST Council Meeting, headed by Finance Minister Nirmala Sitharaman, took place on the 27th of July, 2019. This is the first Council Meeting to occur since the issuance of the Union Budget 2019.…

GST on Liquidated Damages

GST on Liquidated Damages - Advance Ruling Authority Liquidated damages are the common terminology used by the parties under a contract. With regard to the indirect tax implications, both in the erstwhile law and the present GST law, there has always…

GST on Supply of Seed Certification Tags

GST on Supply of Seed Certification Tags Recently, the Central Board of Indirect Taxes and Customs issued circular no. 100/19/2019-GST dated 30th April 2019 clarifying the GST applicability on the Seed Certification Tags. In this article, we look at the…

eWay Bill Disabled

eWay Bill Disabled - Late Filing of GST Return In order to streamline the GST return filing process under GST, rule 138E has been inserted which prohibits the registered person from generating the GST eWay bill in case of non-filing…

New GST Registration after Cancellation

New GST Registration after Cancellation GST officers have been bestowed upon with the powers, vide section 29 (2) of the Central Goods and Service Tax Act, 2017, to cancel GST registration of a concerned person on account of non-compliance of…

Treatment of Input Tax Credit in Case of Death of Sole Proprietor

Treatment of Input Tax Credit in Case of Death of Sole Proprietor As per the provisions of section 41 (1) of the Central Goods and Service Tax Act, 2017, the transferor needs to file FORM GST ITC-02, electronically, along with…

Cause List on GST Portal

Cause List on GST Portal In simple terms, cause lists are the schedule of cases to be heard by the courts on the following days. Cases wherein the application are filed / referred or when an order has been rectified…

Applicability of GST on Priority Sector Lending Certificate

Applicability of GST on Priority Sector Lending Certificate Priority Sector Lending Certificate is a tradable certificate which is issued against the priority sector loans of the banks. Priority Sector Lending Certificate is a tool for promoting comparative advantages amongst the banks…

34th GST Council Meeting

34th GST Council Meeting 34th GST Council meeting was held on 19th March 2019 and decision with regard to the implementation of lower GST rate on real estate has been taken. Let us first recall that in the 33rd GST Council Meeting, it was recommended…