CGST Act

Enterprises can apply for revocation of cancelled GST registration by June 30 after paying due taxes, interest and penalty

One of the first rulings after the rate-change came into effect from July 18 last year

GST Council will also consider a ministerial panel report on setting up GST Appellate Tribunals

Currently, there is no appellate mechanism in place for rulings by the GST authorities and a group of ministers is deliberating on it

Ocean freight is the cost incurred through an agreement between two foreign parties to ship goods to India

Proposal will reduce litigation for businesses but may lead to longer prison sentences, they say

The court, which clubbed the petitions, had posted the matter for next hearing on October 19

The CGST officials arrested the owner of Al-Marwah Traders on Tuesday for allegedly availing, utilising and passing on fraudulent ITC on bogus invoices of over Rs 60 crore

CBIC says a company incorporated in India and a body corporate incorporated by or under the laws of a country outside India are separate legal entities

The move comes as a major relief to several entities that were denied refunds when they were exporting services to their parent or subsidiary companies abroad

They are worried that the two proposals would make it difficult to seek refunds under indirect tax laws

Any mis-declaration of freight paid or payable which results in loss of revenue by way of excess drawback payment, is liable to be proceeded against under the Customs Act

A petitioner sought declaration of the section 17 (5) (h) of the Central GST Act and associated circular as unconstitutional to the extent that it restricts input tax credit on gifts and free samples.

Under the Rule 92 of the Central GST (CGST) Act, the claim of the refund has to be made in the RFD 04 form. Thereafter, the officer concerned can accept or reject the claim after his investigations

The current mechanism of filing returns is being replaced by simplified forms that would come into operation in phases

According to the CBEC, the benefits expected from the e-way bill mechanism are physical interface, faster movement of goods and improved turnaround time of trucks