Payment of GST during a Section 65 audit does not automatically invoke Section 74. The department must independently establish fraud, wilful misstatement, or suppression with evidence.
The circular permits unloading of returned export cargo and cancellation of Shipping Bills under special conditions. Export incentives will be blocked or recovered where applicable.
The Budget shifts intermediary services to a recipient-based place of supply and extends provisional refunds to IDS. The key takeaway is alignment with destination-based GST and improved liquidity.
The issue was whether refunds can be averaged across months. The key takeaway is that IDS refunds are strictly tax-period specific under GST law.
Explains how exporting electricity to the grid becomes a taxable “barter” event, making electricity an exempt supply and triggering proportional ITC reversal under Section 17(2).
Breaks down the three-day electronic GST approval system and how small taxpayers can benefit from the simplified registration route.
GST Notice for Fake Invoicing? Learn how genuine buyers can defend against ITC denial due to bogus suppliers. Understand your rights and safeguard your business from fraudulent claims.
From April 1, 2025, ISD registration under GST becomes mandatory for businesses with multiple GST registrations under a single PAN, ensuring fair ITC distribution.
Partnership firms must comply with new tax rules from April 1, 2025. Changes include higher partner remuneration limits and mandatory TDS on partner payments.
