GSTCORNOR®

Official Platform for GST Updates & Expertise in GST. Handle By Nayan Jain. Views are personal.

[GSTCORNOR® @gstcornor]

SC DISMISSES SLP AT INITIAL LEVEL WHICH IS FILED AGAINST THE HC RULING SETTING ASIDE GST LEVY ON TRANSFER OF LEASEHOLD RIGHTS

#GST #GSTUPDATES #LEGAL

[CBIC @cbic_india]

👉Vide notification No. 12/2017-Central Tax dated 28th June, 2017 (as amended), a registered person having aggregate turnover up to five crores rupees in the previous financial year may not mention the number of digits of HSN Code, in a tax invoice issued by him under the said rules in respect of supplies made to unregistered persons. So, B2C supplies by a taxpayer whose turnover is upto Rs. 5 crore in the previous financial year has the option not to mention HSN code in his invoice.

👉GSTN vide advisory dated 01st May 2025 has informed taxpayers that Table 12 of GSTR-1/1A is now bifurcated into two tabs, namely, “B2B Supplies” & “B2C Supplies”. Taxpayers need to enter HSN summary details of B2B Supplies and B2C Supplies separately under respective tab. Certain validations have been introduced to match the HSN wise value declared in Table 12 with the values declared in other tables of the return. In case of B2B supplies, the HSN summary is mandatory.

👉In case of B2C supplies, as the HSN code is optional (vide Notification No. 12/2017-Central Tax as amended), the system has not made the B2C table mandatory i.e., system allows the HSN summary to be entered any value/ can be left blank by a taxpayer having aggregate turnover upto Rs. 5 crore in the previous Financial Year.
@FinMinIndia
#CBIC
#GSTN

[GSTCORNOR® @gstcornor]

Train Coach Washroom is Very Bad & Dirty

B-6

Train No.14802

PNR: 8427768168

Currently Train At Ajmer

Mob: [phone]

@irctc_app @WesternRly @RailwaySeva @NWRailways

[GSTCORNOR® @gstcornor]

Symbolic Change: Blindfold Removed

The statue of 'Lady Justice,' previously blindfolded to symbolize impartiality, has now had the blindfold removed in the Supreme Court’s updated version. It emphasized that "the law is not blind; it sees everyone equally."

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BREAKING | GST Input Tax Credit On Construction Costs Can Be Claimed If Building Construction Was Necessary For Renting Out Service : Supreme Court

https://t.co/G4q17IEaXh

[GSTCORNOR® @gstcornor]

GST returns for 17-18 made available again noting feedback from the trade. For details, refer to the advisory. (being uploaded on the GST portal.)

#gst #tax #gstcornor

[GSTCORNOR® @gstcornor]

#Published: Guide to Draft Appeal Memorandum

A. General Points
B. Preparation/Structure of Appeal
C. Presentation of Appeal

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#gst #Taxes

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#taxcornor #gstcornor #law #litigation #litigationsupport #tax

[GSTCORNOR® @gstcornor]

Addition Made Merely on Notional Entry Without Actual Transfer of Assets is not maintainable #incometax #gst

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✅ Memorandum of Drafting Appeal (Launching on 15.09.2024)
✅ E-Magazine September Edition
✅ 54th GST Council Meeting Simplified Version

*Recommended For Professionals at least once*

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[GSTCORNOR® @gstcornor]

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#How to Draft Reply to SCN & Evaluate SCN
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#Whether Date of Purchase/Transfer of #shares Shall be Included in Holding Period to Consider 12 Months For LTCG in Income Tax ??*

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#incometax #tax #shares #sharemarketindia #sharemarket #gst

[GSTCORNOR® @gstcornor]

SC: Seizure of Cash and Silver Bars Recovered During GST Search is not Sustainable, Department is Liable to Release

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#SupremeCourtOfIndia #gst #search #seizure #cash #silverbar #search #tac

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Exemption Under Entry 41 of Notification 12/2017 dated 28.06.2017, 4 Condition needs to be satisfied #lease #realestatemarket #GST #AAR #rent @InGSTPortal

[GSTCORNOR® @gstcornor]

Related-Party Transactions may be kept out of GST Ambit

“Imposing tax on revenue neutral transactions, which do not contribute to the government exchequer, would defeat the objective for ease of doing business.

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State Authority Lacks Jurisdictional Authority, Recovery Measure is Unsustainable

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#gst #tax #updates #court #gstcornor

[GSTCORNOR® @gstcornor]

@avdulapuram Soon We shall share to users

[GSTCORNOR® @gstcornor]

Thank You For Such Overwhelming Response For Webinar

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