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Relevant GST Provisions – Construction of Immovable Property and ITC Under the GST law, Section 17(5)(d) of the CGST Act, 2017 blocks input tax credit (ITC) on goods or services used for the construction of an immovable property (when capitalized), except for "plant...
The Hon’ble Madras High Court in M/s. D. Y. Beathel Enterprises v. the State Tax Officer [W.P. (MD) Nos. 2127, 2117, 2121, 2152, 2159, 2160, 2168, 2177, 2500, 2530, 2532, 2534, 2538, 2539, 2540, 2503 & 2504 of 2021 & Ors., dated February 24, 2021] quashed the...
The government has provided relief to GST taxpayers from a physical visit to tax office for verification of digital signature required on return forms. The Central Board of Indirect Taxes and Customs has allowed taxpayers to file return forms GSTR-1 and GSTR 3B...
Attention GST Taxpayers whose aggregate turnover in any preceding financial year from 2017-18 onwards exceeds Rs.500 crore! Generating Dynamic QR Code on B2C Invoices issued to unregistered person. Penalty waived for non-compliance subject to conditions provided
Requirement of HSN/Service Accounting Code for Goods and Services on B2B Tax Invoices is mandatory w.e.f 01/04/21 Turnover more than 5 crore in preceding FY - 6 Digits HSN Code Turnover upto 5 crore in preceding FY - 4 Digits HSN Code