Explore the world of Online Information Database Access and Retrieval (OIDAR) services under India’s GST Act. Learn about definitions, taxation, and key implications.
Explore need for a broader reform plan in GST Act, addressing tax ambiguities, rate changes, and planning for future. Learn more about GST reforms.
Learn how interest on un-utilized Input Tax Credit (ITC) under the CGST Act can boost business liquidity and foster economic growth in India.
Explore Section 129 of CGST Act, which deals with detention, seizure, and release of goods and conveyance during transit, along with key provisions and relevant case laws.
Understand the discrepancies and mismatches between GSTR-2A, GSTR-2B, and GSTR-8A in the GST system. Learn the reasons, implications for taxpayers, and how to reconcile to ensure accurate input tax credit claims, avoid compliance issues, and maintain healthy cash flow.
I propose that the CGST Department consider the introduction of a mechanism to remit interest on un-utilized ITC. Much like the system implemented for income tax refunds, where interest is added for retaining tax till filing of return and claim, this approach could offer businesses a much-needed relief when faced with a scenario of accumulating un-utilized ITC.
Unlock the intricacies of CGST Act Sections 1 to 6 with detailed explanations, examples, and case laws. Navigate the preliminary and administrative provisions for comprehensive insights.
Delve into the detailed analysis of CGST Act, 2017, Section 2 definitions, including actionable claim, address of delivery, address on record, adjudicating authority, agent, aggregate turnover, agriculturist, and appellate authority. Understand the legal nuances, significance, and implications of each definition for proper compliance with GST regulations.
Under section 95 of CGST/SGST Act and section 12 of UTGST Act, ‘Advance Ruling’ means a expert decision provided by the Authority or the Appellate Authority to an petitioner / applicant on the matters or on the questions specified in section 97(2) or 100(1) of CGST/SGST Act as the case may be, with regard to […]
The Goods And Services Act, 2017 is historical change in taxation system in India which has came in to force from 1st July, 2017. But it requires transformation since its impact on all segments like manufacturers, traders, consumers, supply chain, works contracts, information technology system, logistics, service oriented business etc., etc.
