Gemini 2.0 | Introduction by Google I most capable AI model yet
Gemini 2.0 | Introduction I most capable AI model yet
Daily Archives: January 17, 2025
Gemini AI Vs ChatGPT ! which one is better
Gemini AI and ChatGPT are both powerful AI language models, but they have some key differences Key Differences Underlying Technology: Gemini is Google’s next-generation AI model, built from the ground up to be multimodal, which means it can understand and generate different types of content, including text, code, and images. ChatGPT, developed by OpenAI, is… Read More »
7 Important GST Case Laws on 16.01.2025
7 Important GST Case Laws on 16.01.2025 Relevant Act & Section Title Summary Citation Reference Manual Entry of HSN Replaced in GSTR-1 From January 2025 onwards, manual entry of HSN codes in Table 12 of GSTR-1 and GSTR-1A will be replaced with a dropdown list. Table 12 will also be bifurcated into B2B and B2C… Read More »
ITC Entitlement Confirmed by High Court as per Circular No. 237/31/2024-GST
ITC Entitlement Confirmed as per Circular No. 237/31/2024-GST Summary in Key Points: Issue: The assessee sought to claim Input Tax Credit (ITC) based on the provisions of Circular No. 237/31/2024-GST. Facts: The respondent tax authority did not dispute the assessee’s entitlement to ITC under the said circular, provided the necessary conditions and procedures were fulfilled.… Read More »
Search and Seizure Conducted by Unauthorized Officer in GST is Declared Void by High Court : Show Cause Notice Set Aside and Recovery Ordered
Search and Seizure Conducted by Unauthorized Officer Declared Void: Show Cause Notice Set Aside and Recovery Ordered Summary in Key Points: Issue: The assessee challenged a show cause notice issued based on a search and seizure operation conducted by an officer without the proper authority. Facts: The Commissioner Central Tax conducted the investigation, including the… Read More »
Section 75(7) of the GST Act prohibits confirming a demand on grounds not specified in show cause notice : High Court
Section 75(7) of the GST Act prohibits confirming a demand on grounds not specified in show cause notice : High Court Summary in Key Points: Issue: The assessee challenged an assessment order that reclassified their services and significantly increased their tax liability without providing an opportunity to respond to the revised classification. Facts: The initial… Read More »
Pre-deposit requirement cannot be a reason to bypass the statutory appeal mechanism and directly approach the court.
Pre-deposit requirement cannot be a reason to bypass the statutory appeal mechanism and directly approach the court. Issue: The assessee filed a writ petition directly in the High Court to challenge a GST order, bypassing the statutory appeal process to the appellate authority. They claimed the pre-deposit requirement for the appeal and the respondent’s insolvency… Read More »
Retrospective Amendment Allows ITC Claim for Past Periods: High Court Grants Relief Based on Precedent
Retrospective Amendment Allows ITC Claim for Past Periods: High Court Grants Relief Based on Precedent Summary in Key Points: Issue: The petitioner sought to claim Input Tax Credit (ITC) for the financial year 2018-19, which seemed barred by the initial time limit under Section 16(4) of the KGST Act. Retrospective Amendment: A retrospective amendment introduced… Read More »
New change for GST on hotels and their restaurant services
New change for GST rates applicable to hotels and their restaurant services As per 55th GST Council Meeting Notifications has also been issued on 16.01.2025 Key Changes: Omitting “Declared Tariff”: The existing definition of “declared tariff” will be removed. This likely means that the published tariff will no longer be the sole determinant for GST… Read More »
NEW CHANGE IN GST RCM ! NOTIFICAITON ISSUED I REVERSE CHARGE MECHANISM ON RENT AND SPONSORSHIP
NEW CHANGE IN GST RCM ! NOTIFICAITON ISSUED I REVERSE CHARGE MECHANISM ON RENT AND SPONSORSHIP Refer Notification No. 07/2025- Central Tax (Rate) Dated 16.01.2025 GST Reverse Charge Mechanism List Amended