Category Archives: GST

Gist of Hon’ble Gujarat High Court Judgment in the case of Cosmo Films Limited v. Union of India (SCA 15833/2018)

Posted on November 2, 2020

Section 16 of IGST Act provides for ‘Zero Rated Supply’ and sub-clause (b) of subsection (3) of Section 16 provides that, a registered person making zero rated supply shall be eligible to claim a refund if he has supplied the … Continue reading →

Posted in GST |

Gist of Notifications dated 15th October, 2020

Posted on October 19, 2020

The Central Government on the recommendation of GST Council have made several changes taking into consideration the special procedure to be followed by any Registered taxable person whose Turnover is of up to 1.5 crores rupees in the preceding or … Continue reading →

Posted in GST |

CBIC Clarification on Applicability of Rule 36 (4)

Posted on October 12, 2020

CBIC has issued clarification vide Circular No 142/12/2020 – GST dated 09.10.2020 in relation to the application of Rule 36(4) of the CGST Rules, 2017 for the months of February 2020 to August 2020. Where the government provided relaxation on … Continue reading →

Posted in GST |

Key Highlights of GST Council Meeting held on 5th October, 2020

Posted on October 7, 2020

The 42nd GST Council met under the Chairmanship of Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman through video conferencing. The meeting was also attended by the Union Minister of State for Finance & Corporate Affairs along with Finance … Continue reading →

Posted in GST |

Gujarat High Court Allows Refund of “Accumulated Credit on Input Service” in case of “Inverted Duty Structure”

Posted on July 31, 2020

The Landmark judgement by Gujarat High court on July 24, 2020, has come out with relief for many industries functioning in the field of textiles, railway locomotives and parts, handlooms, solar modules, e-commerce, etc. as it was held that by … Continue reading →

Posted in GST |