The ferocious second wave of COVID-19 threatens people’s lives as coronavirus has blown a hole in the breathing capacity of an individual. An unprecedented surge in covid-19 cases has made Medical oxygen- a necessity for a patient to survive. However, most of the hospitals started running out of oxygen supply as demand for medical oxygen amplified. As…
What is an advance ruling? An Advance Ruling is a mechanism for the person registered or the personal desire to obtain registration under this act to seek clarity on tax aspects concerning the supply of goods or services being undertaken or proposed to be undertaken by them, thus reducing unwanted differences and litigations that may…
In the Pre-GST era, many debatable issues had been settled by various high court judgments. Among the various issues, one of the burning issues, which was highly debatable even before GST came into the picture was whether ITC would be allowed to the recipient on default of the supplier for non-payment of tax to the…
It was on 23rd March 2020 that the Supreme Court extended the limitation period for filing petitions/applications/suits/appeals and all other proceedings in all courts and tribunals with effect from 15th March 2020 until further orders. A bench headed by The Chief Justice of India passed this order taking Suo-moto cognizance of the situations arising from…
The Government of a nation is responsible for the welfare and well-being of the people. To achieve this aim, the government has to spend its resources on various sectors such as infrastructure, health, agriculture, defence, etc. But money can be spent only when it is earned. The government meets its expenditure with various sources of…
In an attempt to reduce GST evasion and increasing business efficiency, the government had introduced an e-invoicing system. It is a standardized system that enables reporting of the B2B, and Export invoices being issued by the taxpayers to their customers on the government portal and obtaining a unique Invoice Reference Number (IRN). E-invoicing provisions were…
The government has always been under the lens of the taxpayers for seamlessly granting the refund. Currently, the taxpayers are facing delays in the grant of refunds due to stringent rules and regulations for processing refunds. The majority of the taxpayers are not aware of the frequent changes that are made in the rules relating…
In continuation to the previous blog, there are certainly more important changes in CGST Act,2017 which commence on such date as the Central Government may, through a notification in the Official Gazette, appoint. Section 74 of CGST Act,2017 From Section 74, recovery of tax, overrunning and confiscation of conveyances and goods in transit are now…
There were certain important amendments in the financial proposal of the Central Government for the financial year 2021-2022 regarding GST which emphasized collecting taxes, overruling all previous supreme court judgments or high courts judgments. An Act to give effect to such financial proposals received the assent of the President on the 28th of March 2021…
Taxability on salary paid to ex-pat has always been a matter of dispute in service tax, as taxation authorities wanted to consider this transaction as supply and levy tax on the same. On the other hand, assesses did not want to discharge any tax liability on it as they believed the service provided to the…
