gstwar-blog

[gstwar-blog]

Complete list of Narendra Modi cabinet with names and detailed portfolios http://gstwar.com/?p=article&uid=Complete-list-of-Narendra-Modi-cabinet-with-names-_QUZ10874 (at Rashtrapati Bhavan) https://www.instagram.com/p/ByII26oFPtL/?igshid=1mnj5rzcfb5sa

[gstwar-blog]

*FAQs on new rates on Real Estate Sector* Summer treat 🍨🍦 for real estate sector, FAQs issued in respect of new tax structure for real estate. *Read more:* http://gstwar.com/?p=article&uid=FAQs-on-new-rates-on-Real-Estate-Sector_TSU43789 (at Mumbai Dream City) https://www.instagram.com/p/BxuxrxPlHE-/?igshid=1jtpg38oxmuf9

[gstwar-blog]

*Circular No. 101/20/2019-GST:* http://gstwar.com/?p=article&uid=Circular-No-101202019-GST-GST-exemption-on-the_ZXG55025 CBIC clarifies that GST cannot be levied on the upfront amount payable in installments for long term lease of plots. https://www.instagram.com/gst_war/p/BxBfUaFBPDo/?igshid=1oe31csptu3ip

[gstwar-blog]

CBDT to share data with GSTN to curb tax evasion http://gstwar.com/?p=article&uid=CBDT-to-share-data-with-GSTN-to-curb-tax-evasion_ZDH32304 The Central Board of Direct Taxes (CBDT) has joined hands with Goods and Services Tax Network (GSTN) to share data to stop tax evasion. (at New Delhi) https://www.instagram.com/gst_war/p/Bw_QW45h9vn/?igshid=fpoq79prqdqj

[gstwar-blog]

Dream11, other eGaming companies face potential tax bouncer on GST http://gstwar.com/?p=article&uid=Dream11-other-eGaming-companies-face-potential-ta_PJZ75135 Some state-level tax authorities have begun an exercise to determine whether GST should be applicable on the entire contest entry amount, which includes users’ contribution to the prize pool, or the gross revenue earned by the operators and online companies. (at Bangalore, India) https://www.instagram.com/gst_war/p/Bw4BGxnB4BG/?igshid=1tw0teprjyf12

[gstwar-blog]

Govt plans to launch GST e-invoices to curb tax evasion Going forward, businesses will be required to generate full electronic-tax invoice or e-invoice recording entire value of sales. http://gstwar.com/?p=article&uid=Govt-plans-to-launch-GST-e-invoices-to-curb-tax-ev_SKS60152 (at New Delhi) https://www.instagram.com/gst_war/p/Bw2NE34h9xm/?igshid=buyrradveeee

[gstwar-blog]

http://gstwar.com/?p=article&uid=Simplifying-GST-Balance-in-IGST-can-be-used-in-an_UOP73872 Simplifying GST: Balance in IGST can be used in any manner A much needed clarification, IGST balance can be set off in any proportion. http://gstwar.com/?p=article&uid=Simplifying-GST-Balance-in-IGST-can-be-used-in-an_UOP73872 https://www.instagram.com/gst_war/p/Bw2D34yBpjc/?igshid=1tg4fyw6t91tc

[gstwar-blog]

http://gstwar.com/?p=article&uid=Telangana-HC-Interest-on-Gross-Liability-_WAV88697 *Telangana HC: Interest on 'Gross' Liability and not 'Net' Tax Liability* In a recent ruling, in the case of Megha Engineering & Infrastructures Ltd. v. Comm. of Central Tax (WP no. 55517 of 2018), the Hon’ble Telangana High Court has held that the payment of interest is on 'Gross Tax Liability' and not on 'Net Tax Liability' under the GST laws i.e. Input Tax Credit is not availed unless returns are filed. *Read Case Summary:* http://gstwar.com/?p=article&uid=Telangana-HC-Interest-on-Gross-Liability-_WAV88697 https://www.instagram.com/gst_war/p/BwpW3odBVtH/?utm_source=ig_tumblr_share&igshid=9igy56w7yju5

[gstwar-blog]

*Telangana HC: Interest on 'Gross' Liability and not 'Net' Tax Liability*

In a recent ruling, in the case of Megha Engineering & Infrastructures Ltd. v. Comm. of Central Tax (WP no. 55517 of 2018), the Hon’ble Telangana High Court has held that the payment of interest is on 'Gross Tax Liability' and not on 'Net Tax Liability' under the GST laws i.e. Input Tax Credit is not availed unless returns are filed.

*Read Case Summary:*

http://gstwar.com/?p=article&uid=Telangana-HC-Interest-on-Gross-Liability-_WAV88697