GST UPDATE
Desk of CA. Praveen Sharma
Series- 443
GST Updates
1- Remuneration received by individuals from X as part of advertisement revenue sharing to attract 18% GST.
2- Companies pay GST twice as suppliers err in filings. GST data mismatch between the filings of the buyer and the seller debar the former from claiming ITC.
3- The Parliament cleared the amendments to GST Law to enable the charging of 28% GST on online money gaming, betting, gambling, and horse racing. The GST will be charged on the full face value of bets.
4- ICICI Lombard responds to GST notice, alleging tax demand of ?273 crore. Share price facing the heat.
5- Rule 108 prescribes that the appeal has to be filed electronically, but nowhere prescribes that the same is to be filed only after the impugned order is uploaded on the GSTN Portal. Accordingly, the limitation period to file an appeal will start from the date of service of the manual order. Britannia Industries Ltd (Guj HC).
Check the Draft reply of the GST Notice and Appeal format in our EdataBook
Stay tuned and Save my number for any query +91-9871530610.
CA. Praveen Sharma
0 Comments: