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The Punjab and Haryana High Court has stayed the circular issued by the Central Board of Indirect Taxes and Customs (CBIC) concerning the taxability of corporate guarantees.The bench of Justice...
A division bench of Justices GS Kulkarni and Firdosh Pooniwalla directed the CGST commissioner to file a reply to the petition and posted the matter for hearing on February 20.
Also clarifies taxability of shares held in a subsidiary company by the holding company
Tax officers will give reasonable time to traders to explain reasons for mismatch in turnover reported in sales return GSTR-1 and tax payment form 3B
The Central Board of Indirect Taxes and Customs (CBIC) said the due date to file the quarterly GSTR-3B return for July to September, is October 24.