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GST Refund Claim cannot be Allowed If Not corroborated by Documentary Evidence: Jharkhand HC

Facts of the Case: The petitioner, M/s CTC (India) Private Limited is a 100 percent export oriented unit, exporting its products to countries like USA, China, Germany and other countries. The petitioner filed an application for refund of accumulated CGST, SGST and...

Clarification on Claiming Refund Under Inverted Duty Structure

Relying on the recent GST circular dated 6th July 2022, where the Central Board of Indirect Taxes and Customs (CBIC) has clarified the refund under inverted duty structure where supplier is supplying goods under concessional notification, the Telangana High Court has...

More than 1.14 lakh crore income tax refunds issued: How to check your refund status?

The Central Board of Direct Taxes (CBDT) has issued income tax refunds totaling more than Rs. 1.14 lakh crore to more than 1.97 crore taxpayers between 1 April 2022 and 31 August 2022. According to a recent income tax department tweet, “CBDT issues refunds of over Rs....

GST on Online Gaming Industry, Lottery and Casinos

GST on Online Gaming industry     Recently, the online gaming industry has grown very widely. Within a couple of years, it grew to become more than a billion-dollar industry, and still, the market is increasing. The online game is classified into two parts....

Key takeaways from 47th GST Council Meeting

Here are some key takeaways from the 47th GST Council Meeting Extension in time limitation for filing refunds: Taxpayers eligible to apply for refunds from April 2018 onwards a two-year COVID period from 1st March 2020 to 28th February 2022 are not to be considered...

Whether the Turmeric in Whole form, not in powder form be classified as agricultural produce?

AAAR Maharashtra held that the impugned product, i.e., dried turmeric (whole) is a produce out of cultivation of plant, which is subjected to certain post-harvesting processes. It is established beyond any doubt that the post-harvesting processes are carried out by...

Clarification on Claiming Refund Under Inverted Duty Structure

Relying on the recent GST circular dated 6th July 2022, where the Central Board of Indirect Taxes and Customs (CBIC) has clarified the refund under inverted duty structure where supplier is supplying goods under concessional notification, the Telangana High Court has...

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Key takeaways from 47th GST Council Meeting

Here are some key takeaways from the 47th GST Council Meeting Extension in time limitation for filing refunds: Taxpayers eligible to apply for refunds from April 2018 onwards a two-year COVID period from 1st March 2020 to 28th February 2022 are not to be considered...

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