What Is E-Invoicing- A Technical Aspect The Government cannot lay enough emphasis on Revenue collection especially when it comes to Goods & Service Taxes. The GSTN wants to have a firm hand over it to cover Revenue leakage, as well as focus on better compliance of the Businesses with the GST System. To target the… Read More »

Big GST Fraud Racket Busted Rs 1892 Crore I

By CA Satbir Singh | March 17, 2020

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Ministry of Finance Racket busted of Large number of non-operational Partnership firms falsely claiming refunds against accumulated ITC in Delhi NCR Posted On: 17 MAR 2020 12:48PM by PIB Delhi A large numberof proprietorship / partnership firms registered with Gautam Buddha Nagar and other Commissionerates of Delhi NCR which were apparently connected and had claimed… Read More »

ITC not allowed on Construction of Marriage Hall :Tamil Nadu AAR

By CA Satbir Singh | March 14, 2020

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Tamil Nadu Authority of Advance Ruling M/S. Sree Varalakshmi Mahaal LLP Whether the Input Tax Credit available spent for construction of building materials can be claimed and utilize to nullify the cascading effect of taxation? TN/51/AAR/2019 DATED 25.11.2019 Download Click here

No ITC can be claimed on Installations in Shopping Mall Building : Karnataka Authority of Advance Ruling

By CA Satbir Singh | March 10, 2020

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Karnataka Authority of Advance Ruling Tarun Realtors Private Limited Whether taxes paid on procurement of goods and/or services for installation of the following, hereinafter referred to as “Installations”, are regarded as blocked credits under Section 17(5) of the CGST Act, 2017? (a)Chillers,(b) Air Handling Unit (AHU),(c)Lift, Escalators and Travellator, (d) Water Treatment Plant (WTP), (e)… Read More »