GST Info Tamil

Error Code Error Messege Reason for Error Resolution 2150 Duplicate IRN Attempting to register a document again which is already registered and IRN is generated. Don't fire the same request simultaneously. This results in one request giving the error as 'Duplicate IRN request'. Best way to avoid firing of IRN request repeatedly for the same request, is update in your system with IRN number when the response comes back. Next time check the IRN, if it is not there, then fire for IRN. 2172 For intra state transaction IGST amounts is not applicable for item - {0} and Sl. No {1} , only CGST and SGST amounts are applicable. IGST amount is being passed for Intra State transaction where as CGST and SGST are applicable. Please check the applicable taxes for current transaction. If the State code of Point of Supply (POS) of recipient is same is state code of Supplier, then CSGT and SGST applies. However, under exception circumstances as per rule if IGST is applicable for intrastate t...

  CBDT vide Circular No. 9/ 2023 dated June 28, 2023 extends TDS (Other than 24Q) and TCS Returns for 1st Quarter of FY 2023-24 to September 30, 2023. Now, the Due date for filing of TDS/TCS statements in Form Nos. 26Q, 27Q & 27EQ for the first quarter of FY 2023-24 has been extended till September 30, 2023. The Complete Circular can be accessed at https://incometaxindia.gov.in/communications/circular/circular-9-2023.pdf ------------------------------------------ By GST Info Tamil Youtube link for more tax update https://www.youtube.com/gstinfotamil ?sub_confirmation=1 WhatsApp Group :  https://chat.whatsapp.com/ChcVTsYGAns9fvv16qcd8I                                                                             For more article 👇 CBDT extends TDS (Other than 24Q) and TCS Returns for...

The Hon’ble Kerala High Court in   M/s Penuel Nexus Pvt Ltd. v. The Additional Commissioner (Appeals), Cochin [WP(C) No. 15574 of 2023 dated June 13, 2023]   held that the Additional Commissioner   (“the Respondent”)   is right in rejecting the time-barred appeal as section 107 of the Central Goods and Services Tax Act, 2017 ( “the CGST Act” ) has an inbuilt mechanism and has impliedly excluded the application of the Limitation Act, 1963. Facts M/s Penuel Nexus Pvt Ltd.  (“the Petitioner”)  is engaged in the business of direct marketing. The business of the Petitioner was heavily affected due to Covid-19 pandemic resulting in non-filing of GST return on time. Petitioner’s registration was cancelled by the Proper Officer vide an order dated August 10, 2022 (“ the Order in Original ”). Aggrieved by the Order in Original, the Petitioner filed an appeal before the Respondent who rejected the Appeal on the ground that the appeal is time-barred as it was filed on...

The Hon’ble Calcutta High Court in   M/s. Jyote Motors Bengal Pvt. Ltd. v. Additional Director, Directorate General of Goods & Service Tax Intelligence   [W.P.A. No. 8784 of 2023 May 18, 2023]  directed the Jyote Motors Bengal Pvt. Ltd   ("the Petitioner”)  to deposit 10 per cent of disputed tax amount within 2 weeks so that, the court can entertain the writ, also directed the Revenue Department not to take any coercive action if the payment is made within the stipulated time period. Facts: The Petitioner has challenged the appealable order before the Hon’ble Calcutta High Court challenging Section 16(4) of the Central Goods and Services Tax Act, 2017 ( “the CGST Act” ). Issue Whether Section 16(4) of the CGST Act is constitutionally valid? Held The Hon’ble Calcutta High Court in  W.P.A No. 8784 of 2023   held as under: Observed that, the Petitioner has challenged the appealable orders which were passed by the Revenue Department dated January 19, 2...

  The DGFT vide Policy Circular No. 02/2023-24 dated June 23, 2023 has issued a procedure for applying for the Amnesty scheme for onetime settlement of default in export obligation by Advance and EPCG authorization holders in manual mode. The procedure for filing applications for Amnesty scheme for one-time settlement of default in export obligation by Advance and EPCG authorization holders is specified in Policy Circular No. 1/2023-24 dated April 17, 2023. It was mentioned in the said Policy Circular that applications for Amnesty Scheme shall be filed using EODC module of DGFT website. Representations have received in DGFT that there are certain problems faced by some exporters in filing applications in EODC module of DGFT website. In view to address the issue, an online form in manual mode is developed in a standalone website, http://www.amnestyscheme.in . Exporters can also file an application under Amnesty Scheme through said website in manual mode in the following ci...

CBDT notified the Tolerance limit for Transfer Pricing remains unchanged for AY 2023-24 The CBDT vide Notification No. 46/2023 dated June 26, 2023 notified that the tolerance limit of 1 percent for wholesale trading and 3 percent in all other cases for ALP determination during the Assessment Year ("A.Y.") 2023-24. The same limit was also notified by the board for the A.Y. 2022-23.   The Complete Notification can be accessed at: https://incometaxindia.gov.in/communications/notification/notification-46-2023.pdf By GST Info Tamil Youtube link for more tax update https://www.youtube.com/gstinfotamil ?sub_confirmation=1 WhatsApp Group :  https://chat.whatsapp.com/ChcVTsYGAns9fvv16qcd8I                                                                            *************** For more ...

  Facts and Issue of the case The captioned appeal has been filed at the instance of the Assessee against the order of the Learned Commissioner of Income Tax(Appeals)-5, Vadodara, dated 01/08/2019 arising in the matter of assessment order passed under s. 143(3) of the Income Tax Act, 1961 (here-in-after referred to as “the Act”) relevant to the Assessment Year 2014-15. The assessee has raised the following grounds of appeal: Disallowed labour expenses: Learned AO has erred in la\v and facts by disallowing labour expenses ofRs. 3,87,500/- without proving Unreasonableness of payment to relative. There were quotations called for the work of labour. We chose the lowest quotation which happened to be from my son, who is an experienced labour contractor. (We can attach the details if you will) The selection is done through a genuine process and cannot just be viewed as a transaction with a related party. Disallowance of car hiring charges: Learned AO has erred in law and facts by disallo...