Discover if penalties for contract breaches are subject to GST as ruled by AP-AAR. Learn how liquidated damages impact tax liabilities under GST law.
Explore summaries of recent GST circulars issued by CBIC following GST Council recommendations. Stay updated on key clarifications affecting taxpayers.
Uttarakhand AAR clarifies that Uttarakhand Peyjal Sansadhan Vikas Evam Nirman Nigam, a governmental authority, qualifies for RCM exemption on work contract services.
Comprehensive summary of 53rd GST Council meeting held on June 22, 2024, covering changes in GST rates for goods and services and facilitation measures for trade, and their implications.
Gross Direct Tax collections for FY 2024-25 grow by 22.19%. Net Direct Tax collections up 20.99%. Advance Tax collections hit Rs. 1,48,823 crore (+27.34%). Refunds: Rs. 53,322 crore.
Learn about credit and debit notes under GST, their issuance circumstances, provisions, and impact on tax liabilities for accurate invoicing and compliance.
Compilation of GSTR-1 due dates and relevant extension notifications to help businesses stay compliant with India’s GST system. Stay updated with the latest deadlines and notifications.
GSTR-3B due dates and extensions: Stay updated on monthly GSTR-3B filing deadlines for compliance. Access detailed schedules and notifications for timely filing.
Gross GST revenue for May 2024 stands at ₹1.73 lakh crore, marking a 10% y-o-y growth. FY 2024-25 collection till May is ₹3.83 lakh crore, up 11.3%.
Delhi High Court sets aside an ex-parte order, emphasizing the importance of considering taxpayer replies in GST proceedings.
