The issue of transitional credit has always been in light especially when the registered person availed an amount equivalent to said credit in the return filed in Form GSTR-3B and later, reversed the transitional credit posted to Electronic Credit Ledger. Recently, Hon’ble Madras High Court in the case of M/s. Grundfos Pumps India Pvt. Ltd. Vs […]

Vide Instruction No 02/2023 dated 26.05.2023, it has been informed that scrutiny module has been made available on ACES-GST application by the Director’s General (DG) system, namely “Scrutiny of Returns”, for scrutiny of returns under section 61 of the CGST Act, 2017 pertaining to FY 2019-20 onwards. The functionality so developed will identify the GSTINs which

The act of cancelling the registration of taxpayers w.r.e.f. 01.07.2017 has become a new normal. This act of proper officer has many consequential repercussions and most problematic being the eligibility of the ITC availed by recipient’s i.r.o. transactions done with such taxpayers whose registration is cancelled erroneously with retrospective effect. Recently, Hon’ble Delhi High Court

CGST ACT        Section 30 Notification No.  03/2023 CT dated 31.03.2023 The time limit for filing the application for revocation of cancellation of GST registrations, cancelled u/s 29(2)(b) and 29(2)(c) of the CGST Act till 31.12.2022 has been extended by the GST council. Such persons can file the revocation application from 01.04.2023 to 30.06.2023. To know

Section 47 of CGST Act, 2017 Notification No. 02/2023 CT dated 31.03.2023 An amnesty scheme has been notified for waiver of late fees on filing of return in Form GSTR-4 for the tax periods July 2017 to March 2022 if the returns are furnished between the period 01.04.2023 to 30.06.2023.   For more details read

The issue of misuse of the identity of the various persons and obtaining registration under GST law for passing on the bogus input tax credit has been observed by the government. In order to identify all such bogus registration, it has been decided to launch a special drive on All India basis from 16th May 2023

Deepak Kumar v. State of Punjab (Punjab and Haryana HC) The Hon’ble High Court of Punjab and Haryana at Chandigarh in  the case of Deepak Kumar v. State of Punjab held that in case of tax evasion, First Information Report (“FIR”) cannot be registered as the Value Added Tax Act, 2005 (“the VAT Act”) does

Where E-Way Bill had expired and authority detain the conveyance as well as goods on the ground that the E-Way bill has expired, there cannot be an intention to evade the payment of taxes. Therefore, detention in such cases is not warranted. The detaining officer, at max, can ask either the supplier or the recipient