Discover and read the best of Twitter Threads about #GSTwithBimalJain
Most recents (7)
💥🚨 Very Important Judgement giving support to genuine buyer to avail Input Tax Credit (ITC) based on his tax invoice issued by supplier.
Read Compete Judgement Below: ⬇️
#GST #GSTwithBimalJain #a2ztaxcorpllp #InputTaxCredit #GSTITC
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Read Compete Judgement Below: ⬇️
#GST #GSTwithBimalJain #a2ztaxcorpllp #InputTaxCredit #GSTITC
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📍💥Important Update: 2 Factor Authentication will be made mandatory from July 15, 2023 for all taxpayers with AATO above 100cr
#GST #GSTeWayBill #gstwithbimaljain #a2ztaxcorpllp #einvoice
Read the Complete Update below 👇🏻
#GST #GSTeWayBill #gstwithbimaljain #a2ztaxcorpllp #einvoice
Read the Complete Update below 👇🏻
To enhance the security of e-Way Bill/e-Invoice System, NIC is introducing 2-Factor Authentication for logging in to e-Way Bill/e-Invoice system. In addition to username and password, OTP will also be authenticated for login.
There are 3 different ways of receiving the OTP. You may enter any of the OTP and login to system. The various modes of generating OTP are explained below:
🚨 Rajasthan High Court landmark ruling:
‘Pizza’, ‘Sandwich’ is ‘Cooked Food’, 'not Bakery product'; Looks at subsequent legislation
Read More Below:
#VAT #food #Pizza #a2ztaxcorpllp #GSTwithBimalJain
1/10
‘Pizza’, ‘Sandwich’ is ‘Cooked Food’, 'not Bakery product'; Looks at subsequent legislation
Read More Below:
#VAT #food #Pizza #a2ztaxcorpllp #GSTwithBimalJain
1/10
Rajasthan HC holds sale of ‘pizza’ and ‘sandwiches’ to be ‘cooked foods’, eligible to exemption from payment of VAT in excess of 5% vide notification dated March 09, 2010;
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Perusing Notification and Entry providing for rate of tax @ 14% on goods notified therein, as well as ubsequent amendments to Rate Schedule, HC at the outset clarifies that the sale of ‘pizza’ and ‘sandwich’ would qualify as sale of ‘cooked food’;
3/10
3/10
💥📍Important #GST updates for this week:
Eligibility of input tax credit (ITC) for works contract services and materials used for the foundation and structural supports of machinery
[Colourband Dyestuff P Ltd ., In re]
1/5
#GSTwithBimalJain #a2ztaxcorpllp #GSTUpdates
Eligibility of input tax credit (ITC) for works contract services and materials used for the foundation and structural supports of machinery
[Colourband Dyestuff P Ltd ., In re]
1/5
#GSTwithBimalJain #a2ztaxcorpllp #GSTUpdates
Issuing separate invoices for different tasks, despite being mentioned in a single contract agreement, cannot be considered a 'composite supply'
[PES Engineers Private Limited ., In re]
2/5
[PES Engineers Private Limited ., In re]
2/5
More steps needed to weed out fake ITC generators from GST system: CBIC member
Read More at: a2ztaxcorp.com/more-steps-nee…
3/5
Read More at: a2ztaxcorp.com/more-steps-nee…
3/5
GST relief for hotels, and restaurants soon? Govt to change GST structure?
Know Here ⬇⬇
1/5
#GST #GSTITC #GSTcredit #Restaurant #Hotel #GSTwithBimalJain #a2ztaxcorpllp
Know Here ⬇⬇
1/5
#GST #GSTITC #GSTcredit #Restaurant #Hotel #GSTwithBimalJain #a2ztaxcorpllp
Sources says:
➡️ Hotel and restaurant industry may soon get relief on GST
➡️ Finance Ministry is considering their demand to change current GST structure
➡️ GST on Hotels/Restaurants may be increased to 12% from 5% with ITC benefit
2/5
➡️ Hotel and restaurant industry may soon get relief on GST
➡️ Finance Ministry is considering their demand to change current GST structure
➡️ GST on Hotels/Restaurants may be increased to 12% from 5% with ITC benefit
2/5
Source says:
➡️ Alert: At present Hotels/Restaurants attracts 5% GST without input tax credit
➡️ Finance Ministry has sent the proposal to the fitment committee of the GST council
3/5
➡️ Alert: At present Hotels/Restaurants attracts 5% GST without input tax credit
➡️ Finance Ministry has sent the proposal to the fitment committee of the GST council
3/5
Orissa HC held that tax, interest, penalty, fine, and fees due need to be paid for the revocation of cancellation of GST Registration by the assessee.
1/5
#GST #GSTwithBimalJain #a2ztaxcorpllp #GSTregistration
1/5
#GST #GSTwithBimalJain #a2ztaxcorpllp #GSTregistration
The learned counsel appearing for the Petitioner relied on the judgment of M/s. Durga Raman Patnaik v. Additional Commissioner of GST [W.P.(C) No.7728 of 2022 dated August 4, 2022],
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where the Petitioner opted for applying for revocation of the cancellation by complying with all the other requirements of depositing all the tax, penalty and interest due as payable and other formalities as required by law.
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3/5
Madras HC quashed the demand order passed by the Revenue Department, on the grounds that the reply filed by the assessee to the SCN was not considered even though the same was received by the Revenue Department.
1/3
#GST #SCN #a2ztaxcorpllp #GSTWithBimalJain #highcourt
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#GST #SCN #a2ztaxcorpllp #GSTWithBimalJain #highcourt
Remanded the matter back for fresh consideration on merits and in accordance with the law.
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Further, directed the Revenue Department to pass final orders, after adhering to the principles of natural justice and providing the opportunity of hearing to assessee.
[W.P. No.28124 of 2022]
3/3
#GST #GSTwithBimalJain #Showcausenotice #finalorder #a2ztaxcorpllp
[W.P. No.28124 of 2022]
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#GST #GSTwithBimalJain #Showcausenotice #finalorder #a2ztaxcorpllp
