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GST

Rule Restricting The Value Of Exports Supply Upto 1.5 Times The Domestic Supply In Course Of Making A Zero-Rated Supply Is Ultra Vires: Karnataka High Court
Byefficpro April 3, 2023October 7, 2024

Name of the case – Tonbo Imaging India Pvt Ltd Vs Union Of India (Karnataka High Court [Writ…

Read More Rule Restricting The Value Of Exports Supply Upto 1.5 Times The Domestic Supply In Course Of Making A Zero-Rated Supply Is Ultra Vires: Karnataka High Court
GST

Summary of the important notifications issued by CBIC on 31st March 2023
Byefficpro April 1, 2023October 7, 2024

CBIC has on 31st March 2023 issued certain notifications to implement the decisions taken by the GST Council…

Read More Summary of the important notifications issued by CBIC on 31st March 2023
GST

For claiming ITC, genuineness of the transaction and actual physical movement of the goods is necessary – Supreme Court [pronounced under Karnataka VAT Law]
Byefficpro March 18, 2023October 7, 2024

Name of the case – State of Karnataka v. M/s. Ecom Gill Coffee Trading Pvt. Ltd. [Civil Appeal…

Read More For claiming ITC, genuineness of the transaction and actual physical movement of the goods is necessary – Supreme Court [pronounced under Karnataka VAT Law]
GST

Recent Changes in GST Rates & Analysis of Other Important Provisions
Byefficpro July 25, 2022October 7, 2024

CBIC has issued various Notifications related to changes incorporated in GST rates for various Goods and service as…

Read More Recent Changes in GST Rates & Analysis of Other Important Provisions
GST

Summary of Circulars issued by CBIC pursuant to 47th GST council meeting
Byefficpro July 12, 2022October 7, 2024

Circulars 170-176 dated 6th July, 2022 have been issued based on the decisions taken at the 47th GST Council…

Read More Summary of Circulars issued by CBIC pursuant to 47th GST council meeting
GST

Highlights of amendments in GST Act & Rules notified subsequent to decisions in 47th Council Meeting
Byefficpro July 9, 2022October 7, 2024

Highlights of important notifications issued by CBIC amending GST Act and Rules subsequent to decisions taken in 47th…

Read More Highlights of amendments in GST Act & Rules notified subsequent to decisions in 47th Council Meeting
GST

DRC-01 Notice is mandatory before concluding Assessment under the GST regime held by Mad. High Court
Byefficpro March 9, 2022October 7, 2024

The Madras High Court, while quashing an assessment order in the case of VRS Traders vs. Union of…

Read More DRC-01 Notice is mandatory before concluding Assessment under the GST regime held by Mad. High Court
GST

GST authorities may now directly initiate recovery of interest accrued on non-payment of GST due to mismatch in invoices without sending any notice
Byefficpro January 27, 2022October 7, 2024

Background: Effective from 1st January, 2022 the term "self-assessed tax" as per explanation to sub-section (12) to section 75…

Read More GST authorities may now directly initiate recovery of interest accrued on non-payment of GST due to mismatch in invoices without sending any notice
GST

GST Rates change applicable to textile and footwear industries effective from 1st January 2022
Byefficpro November 20, 2021October 7, 2024

Changes in GST Rates – Textile and Footwear Industries from 1st January 2022 The GST Council’s 45th meeting was…

Read More GST Rates change applicable to textile and footwear industries effective from 1st January 2022