The petitioner received a notice from CT & GST officer in form GST REG-17-” Show Cause Notice for Cancellation of Registration” on the ground that registration was obtained by means of fraud, willful misstatement and suppression of facts.
In this judgement Hon’ble Court expressed its surprise that why this instructions could not be obtained at earlier levels and the callous attitude of the Department has resulted in the assessee being harassed by approaching one forum after the other and wasting his considerable financial resources as well as time.
For smooth implementation of provisions of Rule 21A(2A) of CGST Rules, Central Board of Indirect Taxes (“CBIC”) has issued circular No. 145/01/2021-GST to clarify the procedure of suspension of GST registration till the time functionality of Firm GST REG-31 is being developed.
With effect from 6th January, 2021, functionality of “Aadhaar Authentication” and “e-KYC”, where Aadhar Number is not available, has been implemented for existing taxpayers. Therefore, all existing taxpayers are required to complete “Aadhaar Authentication” or “e-KYC”.
Vide Notification No. 94/2020-Central Tax dated 22nd December, 2020, Central Board of Indirect Taxes (“CBIC”) has inserted a new Rules 21A-”Suspenion of Registration” wherein various grounds are provided on the basis of which department officials may suspend GST registration of a registered person. However, such an amendment has created panic among genuine taxpayers and various correct or incorrect information is circulating on social media related to such rule. Therefore, the department has clarified such myths and try to settle down tension among genuine players.
CBEC recently issues SOPs for verification of taxpayers where GST registration has been granted on deemed registration basis. As per revised procedure, at the time of filing of application of GST registration, Aadhar Authentication should be done for Authorised signatory. For this purpose, Aadhar Number is used as a common Unique Identification number which helps in linking statutory information available on different portals such as Income tax department, Bank Accounts etc.
Government is making all the efforts to sync all the statutory information of a person through one common source. For this purpose, Aadhar number is used as a base. Over the period of time, linking of Aadhaar Number has been made mandatory at various places such as Bank Accounts, Income Tax portal etc. In this direction, a minor but the most major change has been made in the GST registration process vide Notification No. 62/2020- Central Tax dated 20th August 2020 with effect from 21st August, 2020. Under GST also, a new feature of “Aadhaar Authentication” has been added to
Being a goods or service provider, it’s mandatory for you to register for GST in cases annual turnover exceeded the threshold limit specified for GST registration. Businesses failing to register under the GST regime will have to incur heavy fines and penalties. Here we are going to talk about everything about the GST. Scroll through and learn everything. 1. What is GST Registration? The Goods and Service Tax (GST) applies to all Service providers, traders, and manufacturers etc. The list includes freelancers as well. Basically, GST subsumes a variety of central taxes (like Service Tax, CST, Excise Duty) and State
Authority for Advance Ruling, Maharasthra (“AAR”) discussed in the matter of M/s Gandhar Oil Refinery (India) Limited (“Applicant” for brevity) that whether State-wise GST registration is required where the applicant is storing goods after import and therefrom applicant is supplying such goods to the ultimate customer? The applicant is not having any godown in such states as he is storing goods in the port warehouse. He is only having a head office at Mumbai, Maharasthra from where all related activities are carried out such as entering into agreement with supplier, issuance of Letter of credit, receipt of commercial import invoice
GST Registration in case of exempt supplies of goods and services, where they are taking services liable to tax under Reverse Charge Mechanism (‘RCM’) has always been a contentious issue. The Hon’ble Authority for Advance Ruling, Maharashtra (‘AAR’) in the case of In Re: Ms/ Jalaram Feeds (GST-ARA-110/2018-19/B-38) vide order dated 10 April 2019 had an opportunity to adjudicate this contentious issue. The AAR has undertaken a harmonious interpretation of the law and held that liability to pay tax under RCM was a taxable supply and requires registration under GST law, even if there are only exempt supplies. It may
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