Stay updated on the latest changes in GST regulations from the 52nd GST Council Meeting. Explore amendments in ISD provisions and special compliance procedures for manufacturing Pan-masala and tobacco products.
Dive into the key decisions taken at the 51st GST Council Meeting regarding taxation and regulation of online gaming and casinos. Get the latest GST updates.
Learn about the Supreme Court’s decision regarding TRAN-1 and how it provides a one-time opportunity for claiming transitional credit under the GST framework.
The 47th GST Council meeting held on 28th –29th June 2022 has discussed the reports tabled by various GoMs on GST rate rationalisation, fixation of GST rate on online gaming, and IT reforms.
Introduction: 1. COVID–19 situation has been absolutely alarming and the Central & State Governments alongwith local authorities are trying their level best to combat the current situation. To ease the burden, there are certain relaxations announced by the CBIC like the relaxations announced in 2020. The present note explains the relaxations announced vide various notifications […]
1. Amendments in Goods and Service Tax 1.1. Introduction: 1.1.1. A King/Ruler is the one who creates and acquires wealth, protects and distributes it for common good – is the opening statement for Part B of the Budget Speech. The instant changes are replica of the same. The changes have assured a full stop to […]
The Scheme of New returns was designed to be implemented by 1st Oct 2020 and accordingly the present scheme of GST return filing was mandated till 30th September 2020. However, due to delay in system changes and situations arising on account of COVID-19 the present scheme of filing of returns is continued which is explained below.
Principles of mutuality will still prevail under the GST regime and hence the concept of applicability of GST on co-operative societies would remain to be a bigger challenge until finality is attained.
1. Recently, Prime Minister Shri. Modiji had announced the ‘Atmanirbhar programme’ which aims to create enough local production to meet local demand. The invention of such scheme was understood during such pandemic wherein, majority of our local demand was depended upon foreign markets and due to lockdown across the globe acute shortage was created. In […]
1. Introduction: Interest is compensatory in character and is imposed on a registered person who has withheld payment of any tax as and when it is due and payable. It is a settled principle1 that interest is a mere accessory to the principal which has no independent existence of its own. Accordingly, interest is payable […]
