Explore the legal guidelines and safeguards for GST payments during investigations, emphasizing taxpayer rights against coercive practices by GST authorities.
Understand CGST Act Section 129 on detention, seizure, and release of goods in transit. Learn about penalties and provisions updated by the Finance Act 2021.
GSTN introduces Invoice Management System (IMS) for GSTR-2B preview and ITC claims. Taxpayers can accept, reject, or hold invoices before filing GSTR-3B.
As per Section 18(6) of the Central Goods and Service Tax Act, 2017 In case of supply of capital goods or plant and machinery, on which input tax credit has been taken, the registered person shall pay an amount equal to the input tax credit taken on the said capital goods or plant and machinery […]
Learn about compounding offences under GST, including eligibility, process, and penalties. Discover how it helps avoid prosecution through monetary settlement.
Understand GST interest implications: How interest is calculated, legal provisions, recent judgments, and impact on taxpayers’ compliance with GST rules.
Explore significant GST changes effective from 1st October 2023, their impact on businesses, and how to adapt to ensure compliance and minimize costs.
Understand the recent changes in Goods Transport Agency (GTA) taxation, including options for forward and reverse charges, conditions for both suppliers and recipients, and the impact on GST liability.
The taxation of corporate guarantees given by related parties, such as directors or holding companies to subsidiaries, without consideration, is a burning issue for many companies. This article explores the divergent views, legal provisions, and the urgent need for government clarification on the GST liability for such guarantees.
Confused about the rate of interest on ITC reversal and delayed payment of GST? This article clarifies the legal provisions and amendments regarding interest rates, including the retrospective changes, for better understanding.
