Judgement

Tamil Nadu Authority for Advance Ruling rules ITC ineligible on GST paid for firefighting and public health equipment during factory expansion.

GST: AAR Denies ITC on Firefighting and Public Health Equipment for Factory Expansion

As per the Tamil Nadu Authority for Advance Ruling the models of ACER Interactive Flat Panels are taxed at 28% GST.

Tribunal applies Section 37 of IT Act; limits disallowance to Rs. 45.32 lakh out of Rs. 3.50 crore alleged bogus creditors

The portal operates on a staggered filing system for which GSTAT has issued a staggered schedule for submissions to avoid any technical issues

IPO offers huge discount compared to unlisted share prices currently trading at Rs. 735

The GST Department has announced temporary downtime for system upgrades and service enhancements.