1 Minute Tax

A CA and an Indirect tax professional having in-depth knowledge and experience in GST, Customs, Service tax.

[1 Minute Tax @1MinuteTax]

GSTAT Appeal Deadline Extended!

Taxpayers now have until 31 July 2026 to file appeals before the GST Appellate Tribunal for orders communicated before 1 May 2026. A much-needed relief for pending litigation matters.

#GST #GSTAT #GSTAppeal #TaxLitigation #IndirectTax #CBIC

[1 Minute Tax @1MinuteTax]

GST Litigation Update | Gauhati HC

Consolidated SCN & orders across multiple financial years under Sec 73/74 are valid

Limitation applies financial year-wise, not to restrict common proceedings

Doctrine of severability upheld – time-barred years can be sliced out

#GSTUpdate

[1 Minute Tax @1MinuteTax]

Even if supplier registration is cancelled retrospectively, authorities must verify genuineness of transaction, invoices & tax payment before denying credit.

A strong push towards substance over form in GST litigation.

M/s Himalaya Commnunication vs UOI (HP HC)

#GST #ITC #Tax

[1 Minute Tax @1MinuteTax]

Viksit Gujarat Industrial Policy 2026 launched

Aiming to attract ₹10 lakh cr investments with flexible 'choose your incentive' model, offering capital, interest & power subsidies.

Strong push for MSMEs, startups, sunrise sectors-semiconductors, EVs & green hydrogen.

#Gujarat

[Santosh kumar choudhry @kskchoudhury]

Even after extension of due date for filing March 2026 GSTR-3B return to 21 April the portal is calculating interest for those who paid tax in cash. Did anyone face same issues??
@Infosys_GSTN @cbic_india @FinMinIndia
@AbhasHalakhandi @abhishekrajaram @GSTsathi @BimalGST
#GST

[Abhas Halakhandi @AbhasHalakhandi]

This issue has been resolved by @Infosys_GSTN
Now when Negative IGST liability is entered in Table 3.1 system DOES NOT force us to enter the same in Table 3.2 !!

[Abhas Halakhandi @AbhasHalakhandi]

GST Compliance List for new FY 2025-26!!

#GST

[CA Bimal Jain @BimalGST]

📛🔥 𝗖𝗕𝗗𝗧'𝘀 𝟭𝟲 𝗣𝗮𝗴𝗲𝘀 𝗜𝗠𝗣𝗢𝗥𝗧𝗔𝗡𝗧 𝗖𝗜𝗥𝗖𝗨𝗟𝗔𝗥 !!

𝗜𝗡𝗖𝗢𝗠𝗘-𝗧𝗔𝗫 𝗗𝗘𝗗𝗨𝗖𝗧𝗜𝗢𝗡 𝗙𝗥𝗢𝗠 𝗦𝗔𝗟𝗔𝗥𝗜𝗘𝗦 𝗗𝗨𝗥𝗜𝗡𝗚 𝗧𝗛𝗘 𝗙𝗜𝗡𝗔𝗡𝗖𝗜𝗔𝗟 𝗬𝗘𝗔𝗥 𝟮𝟬𝟮𝟰-𝟮𝟱 𝗨𝗡𝗗𝗘𝗥 𝗦𝗘𝗖𝗧𝗜𝗢𝗡 𝟭𝟵𝟮 𝗢𝗙 𝗧𝗛𝗘 𝗜𝗡𝗖𝗢𝗠𝗘-𝗧𝗔𝗫 𝗔𝗖𝗧, 𝟭𝟵𝟲𝟭

𝗥𝗲𝗮𝗱 𝗖𝗼𝗺𝗽𝗹𝗲𝘁𝗲 𝗖𝗶𝗿𝗰𝘂𝗹𝗮𝗿 𝗮𝘁: https://t.co/64cPGpvqUK

[CA Deepak Gupta @Prof_Dippak]

"GST Registration Update: The Ultimate Guide to Aadhaar and Non-Aadhaar Verification!" -Discover a clear, one-glance table that breaks down the updated GST registration process. Stay informed and ahead of the curve with this easy-to-follow breakdown!

[CA Deepak Gupta @Prof_Dippak]

📢 Refund of Pre-Deposit Under GST: No Time Limit! 💰⏳
Jharkhand HC rejects limitation on refund of pre-deposit, ruling that Section 54 CGST Act’s time limit does not apply to such refunds. Court cites Article 265 & past judgments, holding that:
✅ "May" in Section 54 is directory, not mandatory
✅ No unjust enrichment, as pre-deposit is paid from taxpayer’s own funds
✅ Limitation Act provides a 3-year window
Taxpayers entitled to a refund with interest! Urgent need to amend Section 54 to prevent unnecessary litigation.
#GST #TaxRefund #HighCourt #PreDeposit #TaxpayerRights 🚀

[1 Minute Tax @1MinuteTax]

Breaking - GST Appellate Tribunal’s website is now live! (https://t.co/Rri8fYQJCU)

We're inching closer to the Tribunal’s functioning-set to speed up GST dispute resolution after years of delay.

However challenges like backlog, divergent rulings and clarifications await.

#GST

[1 Minute Tax @1MinuteTax]

GST Registration Cannot Be Denied Based on State Residency.

AP High Court says NO to such unfair denials.

Right to do business anywhere – Article 19 protects inter-state trade.

No legal basis for rejection – GST laws don’t restrict out-of-state application.

#gst #registration

[1 Minute Tax @1MinuteTax]

IMS for reconciling transactions to claim GST credit may soon be mandatory.

IMS will first apply to large business transactions above a specified threshold.

Stay prepared for upcoming compliance changes!

Source-livemint

#GST #IMS #TaxUpdates

[1 Minute Tax @1MinuteTax]

⚠️Sun Pharma Faces ₹160.2 Cr GST Penalty!
• Penalty Imposed: ₹160.22 Cr u/s 74(1) of CGST Act
• Order Date: Feb 3, 25
• Allegation: Interest & 100% penalty on cross-charge of expenses

Does a delay in the distribution of common exp lead to 100% penalty and fraud case?

#gst

[1 Minute Tax @1MinuteTax]

📢 GST Update: The CBIC clarifies late fees for FORM GSTR-9C!

🔹 Late fees apply if GSTR-9C is not filed with GSTR-9 by the due date.
🔹 Waiver of late fees for FY 2022-23 if filed by March 31, 2025.

Stay compliant! 💼

#GST #CBIC #India

[1 Minute Tax @1MinuteTax]

📢 Important Update on GSTR-2B Generation for Dec 24:

Due to extended filing dates for GSTR-1 & GSTR-3B (Dec 24), the Draft GSTR-2B will now be generated on 16 Jan 25.

Please note: You can recompute your Draft GSTR-2B after the generation date if actions are taken in IMS.

#GST

[1 Minute Tax @1MinuteTax]

����GST ADVISORY on Waiver Scheme u/s 128A

Appeals Filed After 21.03.23:
To withdraw appeals on GSTN

⚠️ Appeals Filed Before 21.03.23:
👉 No online withdrawal option
👉 Submit a written request to the Appellate Authority.
👉 Request processed via GSTN through State Nodal Officer.

[1 Minute Tax @1MinuteTax]

GST Council has proposed retrospective amendment to GST law overturning SC order in Safari retreats case, which allowed businesses to claim ITC on construction cost for rental properties.

#GST #GSTCouncil #cbic #taxupdate #indirecttax

[1 Minute Tax @1MinuteTax]

Breaking: GST Advisory for Table 8 of GSTR-9 for FY 2023-2024 Issued!

GST Department has released an advisory for Table 8 of GSTR-9 for FY 2023-2024.

This update is crucial for ensuring accurate annual return filing and compliance.

#GST #GSTR9 #Compliance #Taxation

[1 Minute Tax @1MinuteTax]

GSTN Advisory - Invoice Management Functionality (IMS)

In the initial phase of IMS, errors in action (accept/reject) may impact ITC in GSTR-2B & GSTR-3B.

Taxpayers can correct (change action/edit) it before filing.

#gst