Category Archives: GST Update

Delhi HC Judgement-No Right to issue Belated Deficiency Memo After Termination of Statutory Limits

The Delhi High Court in its decision on 22nd July, 2020 in response to the Petition filed by “Jian International” stated that the Respondent has lost the right to raise the deficiency in the Petitioner’s Refund application at belated stage … Continue reading

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GST On Merchant Trade Transactions

Merchant trade transaction is one which involves shipment of goods from one foreign country to another foreign country, where the goods do not enter Indian Territory. Recently a ruling in case of “M/s Sterlite Technologies Limited” (GUJ/GAAR/R/04/2020) held that supply … Continue reading

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Issuance of Invoice in Case of Continuous Supply of Services

Timelines for issuance of tax invoice in case of “continuous supply of services” which is essentially driven by contract (see section 2(33) and 31(5)) has not been extended by notification no. 35/2020-Central tax dated 3rd April’2020 issued in exercise of … Continue reading

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GIST OF CIRCULARS

Circular No. 121/40/2019-GST dt.11-10-2019(Refer NN.25/2019- CTR) Services provided by State Government by way of grant of alcoholic liquor licence against consideration in the form of licence fee or application fee or by any other name shall neither be treatedas supply … Continue reading

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GIST OF NOTIFICATIONS

NN. 44/2019-Central Tax dated 09-10-2019 GSTR-3B for the period from October, 2019 to March, 2020 shall be furnished on or before the 20th day of the month succeeding such month.

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