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.
Explore the six-year journey of GST in India, its impact on the economy, and the challenges faced. Discover the benefits, including formalization of the economy and MSME integration, along with areas for improvement such as setting up the GST Tribunal and rationalizing tax rates.
Explore the GST impact on the sale of leasehold land, a critical issue facing industries nationwide. Understand the legal provisions, exemption notifications, and conflicting judgments. Get insights on valuation, input tax credit, and the need for clear government guidance.
Understand the impact of GST on pre-packed and labeled retail pack of food items. Learn about the new proposal and its implications for consumers and businesses.
