Conferring the powers under section 129 of Punjab Goods and Services Tax Act, 2017 to Mobile Wing Officer

Below is the copy of order passed by the Government of Punjab for Conferring the powers under section 129 of Punjab Goods and Services Tax Act, 2017 to Mobile Wing Officer. 

Article published in Newspaper "Dainik Bhaskar" on the issue of release of goods in transit other than bank guarantee and cash under the GST Act

The Hon'ble Punjab and Haryana High Court has directed respondents to release the goods by furnishing security of immovable property where the petitioner has filed the appeal

Hon'ble Punjab & Haryana High Court in their order dated 31-05-2019, in case of M/s R.R. Enterprises & Another V/s State of Punjab & Others, CWP-28357 of 2018,  has directed the respondents to release the goods and vehicle of the petitioner after furnishing the immovable security within 2 days.  

Further, the amount already deposited while filing the appeal will be deducted from the value of security to be furnished in the form of immovable property. Whereas, in the GST Act, the goods can only be released against the bank guarantee, demand draft or cash payment through portal. Now this important decision has allowed the release of goods against immovable security.

Please find the order dated 31-05-2019:-

Important decision by Hon'ble Punjab and Haryana High Court for release of goods detained in transit

The Hon'ble Punjab and Haryana High Court has given a landmark order in the case of M/s R.R.Enterprises Vs State of Punjab CWP 28357 of 2018 on 31.05.2019 by directing the respondents to release the goods within two days against the security of immovable property for release of goods for the goods detained on the road side checking i.e. goods in transit.

Kindly refer to the following order passed by Hon'ble Punjab & Haryana High Court:

Hon'ble Delhi High Court Stayed the Demand of Interest on Gross Liability under the GST Act

As burning issue of interest under GST Act was stayed by Hon'ble Delhi High Court in the case of "M/s Landmark Lifestyle V/s Union of India and others", WPC No. 6055/ 2019, as earlier Hon'ble Telangana High Court has observed that the interest is required to be paid on gross amount liable to pay even without deducting the amount on input tax credit available with the dealer which is required to be set off against the liability. Now, the Hon'ble Delhi High Court has stayed the demand on the similar issue.

Download the judgment passed by Hon'ble Delhi High Court in the case of "M/s Landmark Lifestyle V/s Union of India and others", WPC No. 6055/ 2019

Important Article on Annual Return Published in TAXMANN Magazine for the year 2017-18 which is required to be filed upto 31st December 2018 now extended to 30th June 2019

INFORMATION REQUIRED FOR FILING ANNUAL RETURN FOR THE YEAR 2017-18 UNDER GST ACT, 2017

1. Sale and Sales Return with tax details as per Balance sheet
2. Purchase and Purchase Return with tax details as per Balance sheet
3. HSN Summary Details Inward/Outward
4. Reconciliation of GSTR-1 & GSTR-3B
5. Reconciliation of GSTR-2 & GSTR-3B
6. Reconciliation of GSTR-2 & GSTR-2A
7. RCM Detail
8. Details of ITC reversed and in-eligible ITC for the financial year,
9. Details of any reversal of Trans-I and Trans-II
10. Wrong credit avail in this period
11. C/f Reconciliation with last tax regime
12. Tax Deposit Details
13. Exempt, Non-GST & Nil Rated Inward & Outward Details
14. If any Addition/Deletion in next year (Complete Reconciliation)
15. Purchase of capital Goods
16. Sale of Capital Goods
17. Job Work Activity if any involved
18. Transportation
19. Rent
20. If any Interest Penalty is paid/ due
21. If the payment to the seller was not made within 6 Month or partial Payment
22. If any Tax Paid on Advance Payment. 

INTERVIEW ON "AAJ SHAAM PLUS" CHANNEL ON GST