GST UPDATES

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GST Updates 22.07.2021

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Namaskar๐Ÿ™ ๐Ÿ‡ฎ๐Ÿ‡ณ GST Updates 22.07.2021 Join our Telegram Channel๐Ÿ“š https://t.me/praveengst 1️⃣ Today is the due date to File GSTR-3B for the Quarter Apr-June 2021 (QRMP Taxpayer < 5 Cr - Rule 61) - Category I States. 2️⃣ CBIC Circular No. 156 issued- Clarification regarding extension of limitation under GST Law in terms of Hon’ble Supreme Court’s Order dated 27.04.2021. 3️⃣ Arrest, search, summons under GST law not to be affected by Supreme Court’s limitation order: CBIC. 4️⃣ Centre begins review of legal issues in GST such as such as ervices provided by back offices of MNC in India qualify as exports, which are zero-rated and Discounts, reimbursed by FMCG and consumer durables companies to their dealers to sell products at specially reduced prices. 5️⃣ PIL in SC seeks direction to Centre to constitute GST Tribunal. Ask your GST Query❓ gstmitraapp@gmail.com Ask Live on GSTMITRA YouTube Every Saturday 4 PM Regards CA. Praveen Sharma Your's GST Mitra www.thegstmitra.com +91 987153...
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Centre-State action to plug GST revenue leak

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  GST officers of Andhra Pradesh and the Central governments met here on Thursday to discuss ways to plug revenue leak through coordinated efforts and information sharing. They have drawn up an action plan to monitor and pursue cases where GST returns were not filed, particularly in businesses with a turnover of over `5 crore. In the last four years since the implementation of GST, the major source of revenue leakage has been the unlawful or bogus claims related to Input Tax Credit (ITC) with fictitious invoices, according to the officials. They said close coordination between the state and the Central tax departments was vital to identify the sources of these bogus invoices and claimants of false ITC. “All these issues have been thoroughly discussed in the meeting and decisions have been taken on the modalities for sharing data, intelligence, orders, joint investigations, periodic analysis of different sectors,” Special Chief Secretary (Revenue-Commercial Taxes) Rajat Bhargava, wh...
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GST row: Karnataka HC asks govt to consider refund of Rs 27 cr to Swiggy

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  The Karnataka High Court has asked the revenue department to consider refund of Rs 27.51 crore to Bundl Technologies, which operates food delivery platform Swiggy. The company had alleged that this money was collected from it by coercion during investigation by the Directorate General of Goods and Services Tax (intelligence) relating to alleged wrongful availment of input tax credit. The court ruled that “right of refund …would be independent of the process of investigation and two cannot be linked together…”. It asked the department to pass a suitable order on refunds within a period of four weeks. The Swiggy owner contended that it deposited Rs 15 crore in the first tranche, followed by Rs 12.51 crore in the second in 2019 under coercion to secure the release of its directors who were summoned and locked up with threat of arrest. It also said that no show cause notice was issued by the officers even after months have passed since investigation was initiated. The court also disc...
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