Goods and Services Tax

Intricacies around obtaining GST registration, issuance of revised tax invoices and availing of input tax credit for the period prior to date of registration

Intricacies around obtaining GST registration, issuance of revised tax invoices and availing of input tax credit for the period prior to date of registration Below is a brief discussion around obtaining GST registration, issuance of revised tax invoices and availing of input tax credit for the period prior to date of registration: Brief b...

Read More

E-Way Bill under GST- Brief Analysis

Need of E-Way Bill ? 1. Tracking Transportation of Goods (as GST is a Destination Based Tax System) 2. To Avoid Tax Evasion When E-Way Bill Needs to be Issue ? When ever there is Movement of Goods + Value of Goods Exceed 50,000 Note : 1. Value means TAXABLE VALUE of Goods is Inclusive […]...

Read More

Bottleneck’s for seamless flow of Input Tax Credit under GST

Background The Goods and Services Tax (GST) was implemented in India on 1st July, 2017. It has been four years since the GST unified most of the indirect taxes laws in India. As it subsumed multiple taxes such as service tax, central excise and value added tax with aims to eliminate the cascading effect of […]...

Read More

9 New functionalities deployed on the GSTN portal in July 2021

New functionalities deployed on the GSTN portal in the month of July 2021 1. Submission of a complaint in case of misuse of PAN > Do a Search by PAN functionality on GSTN Portal and check all the registrations available/ taken in GST, linked to that PAN. > You can now submit an online complaint, in […]...

Read More

Supply of Labour Services under GST Scenario

Under GST scenario supply of labour services is also an important issue. Prior to GST certain Supply of Labour Services were taxable under the Service Act, After introduction of the Goods and Services Tax Act,2017, most of the Supply of Labour Services are taxable.   So, we have to know how to handle Supply of Labour Services […...

Read More

Join GST, Customs & Income Tax Courses at 40% Discount till 31st July

Join Self-Learning Certification Course on GST, Income Tax and Customs including Import & Export by TaxGuru Edu at 40% Discount till 15th May 2021...

Read More

Rajasthan VAT Amnesty Scheme: Request to clarify category of outstanding demand

Tax Bar Association Ref: 005/2021 (Date: 25th July 2021) To The Hon’ble Chief Commissioner State Taxes Kar Bhawan Ambedkar Circle Jaipur Sub: – Request for clarification of category of outstanding demand or disputed demand with reference to the Amnesty Scheme -2021 Reference: Notification No. No.F.12(29) FD/Tax/2021-269 dated 24t...

Read More

54,439 appreciation certificates given to GST taxpayers

The Government has awarded Appreciation Certificates, on the eve of completion of 4 years of GST, to 54,439 (Fifty-four thousand four hundred and thirty-nine) taxpayers who have made substantial contribution in payment of GST and filed their returns in a timely manner....

Read More

Haryana GST dept detects Considerable gaps in ITC available in GSTR-2A

On data analysis it was found that there were considerable gaps in the input tax credit available in GSTR-2A as compared with actual tax credit availed in GSTR-3B of M/s Shri Krishna Enterprises (Prop. Krishan Deep Garg), Gurgaon. It was also observed that there was a large accumulation of input tax credit of CESS for the said taxpayer....

Read More

GST News- Talk of Two GST Experts

AIMTPA – All India MSME and Tax Professionals Association has invited two GST Experts on it’s Platform on 24th July 2021 and a webinar was organized to discuss the Ground realities and problems of Goods and Service tax. The Experts were CA (Adv.) Bimal Jain and CA Sudhir Halakhandi. The experts discussed various issues related [&helli...

Read More

Amendment in TN VAT Act for rectification of an anomaly is retrospective: HC

Nezone Tubes Limited Vs The Assistant Commissioner (CT) (Madras High Court) - The Petitioner contended that the amendment was effected by way of rectification of an anomaly and therefore, it cannot be construed as a new policy. Thus, the benefit of ITC granted pursuant to the amendment is to be extended so as to cover the transactions took place prior to the insertion of the ...

Read More

GST Search & Seizure by Inspector without authority of proper jurisdictional officer is unlawful

R. J. Trading Co. Vs Commissioner of CGST, Delhi North & - R. J. Trading Co. Vs Commissioner of CGST, Delhi North & Ors. (Delhi High Court) Search and Seizure carried out by the Inspector of CGST without authority of a proper jurisdictional officer is unlawful – Delhi High Court In case of R J Trading Company vs. Commissioner of CGST, Delhi (W.P.(...

Read More

ITC cannot be denied merely for non-reflection of transaction in GSTR 2A

St. Joseph Tea Company Ltd. Vs State Tax Officer (Kerala High Court) - St. Joseph Tea Company Ltd. Vs State Tax Officer (Kerala High Court) The recipients of the petitioner under its provisional registration (ID) for the period from 01.07.20217 to 09.07.2018 shall not be denied ITC only on the ground that the transaction is not reflected in GSTR 2A. It will be open for...

Read More

Papad of any size and shape will attract NIL GST: AAR Gujarat

In re Global Gruh Udyog (GST AAR Gujarat) - In re Global Gruh Udyog (GST AAR Gujarat) Authority for advance ruling, Gujarat, held that For classification of a product its ingredients, manufacturing process and trade parlance is important and not it’s size and shape. Accordingly, papad of any size and shape will attract NIL GST. Earlier ...

Read More

Technical glitches at transition stage to GST should not affect statutory right of dealers

Union Of India Vs Merchem India Pvt. Ltd (Kerala High Court) - Union Of India Vs Merchem India Pvt. Ltd (Kerala High Court) It is significant to note that the statute does not provide for any provision for lapsing of unutilized input tax credit for non filing of TRAN-1. The input tax credit is required by law to be credited to the electronic credit ledger of an...

Read More

New functionality on Annual Aggregate Turnover on GST Portal

492 - (27/07/2021) - New functionality on Annual Aggregate Turnover (AATO) deployed on GST Portal for taxpayers. GSTN has implemented a new functionality on taxpayers’ dashboards with the following features: The taxpayers can now see the exact Annual Aggregate Turnover (AATO) for the previous FY, instead of just the t...

Read More

Weekly newsletter from Chairman, CBIC dated 26/07/2021

D.O.No.80/C11(1C)/2020  - (26/07/2021) - On the Anti-smuggling front, acting on specific intelligence, officers of DRI Siliguri Regional Unit intercepted a vehicle coming from Guwahati and moving towards Lucknow. On thorough rummaging, 50 gold biscuits of foreign origin weighing about 8.3 Kg with an approximate value of Rs. 4.07 crore were...

Read More

Annual return Filing by composition taxpayers & Negative Liability in GSTR-4

Advisory No. 491 - (22/07/2021) - Filing of Annual returns by composition taxpayers. – Negative Liability in GSTR-4 Filing of Annual returns by composition taxpayers. – Negative Liability in GSTR-4 Instances have come to notice where taxpayers are reporting negative liability appearing in their GSTR-4. Background: Since ...

Read More

SC order not extend every action/proceeding under CGST Act: CBIC

Circular No. 157/13/2021-GST - (20/07/2021) - The extension granted by Hon'ble Supreme Court order applies only to quasi-judicial and judicial matters relating to petitions/ application suits/ appeal all other proceedings. All other proceedings should be understood in the nature of the earlier used expressions but can be quasi-judicial proceedi...

Read More

Weekly newsletter from Chairman, CBIC dated 19/06/2021

D.O.No.79/CH(IC)/2020 - (19/07/2021) - It is said that in any organisation quality is everyone’s responsibility. It is very satisfying when an independent assessor assesses the quality of our collective work and the results show a very high degree of compliance to benchmarks....

Read More

Browse All Categories

CA, CS, CMA (5,616)
Company Law (7,528)
Custom Duty (8,571)
DGFT (4,574)
Excise Duty (4,505)
Fema / RBI (4,761)
Finance (5,080)
Income Tax (37,857)
SEBI (4,044)
Service Tax (3,740)

Recent Posts in "Goods and Services Tax"

GSTIN Validation Tool

This GSTIN VALIDATION TOOL V.1 is created to help the professionals and the article trainees in validating bulk GSTINS at one click. NOTE: 1. You can operate this tool in Microsoft Excel 2016, Excel 2019, or Excel for Microsoft 365. 2. This utility performs just structural validation of GST Number. It does not tell if entered […]...

Read More

Intricacies around obtaining GST registration, issuance of revised tax invoices and availing of input tax credit for the period prior to date of registration

Intricacies around obtaining GST registration, issuance of revised tax invoices and availing of input tax credit for the period prior to date of registration Below is a brief discussion around obtaining GST registration, issuance of revised tax invoices and availing of input tax credit for the period prior to date of registration: Brief b...

Read More

Amendment in TN VAT Act for rectification of an anomaly is retrospective: HC

Nezone Tubes Limited Vs The Assistant Commissioner (CT) (Madras High Court)

The Petitioner contended that the amendment was effected by way of rectification of an anomaly and therefore, it cannot be construed as a new policy. Thus, the benefit of ITC granted pursuant to the amendment is to be extended so as to cover the transactions took place prior to the insertion of the amendment....

Read More

GST Search & Seizure by Inspector without authority of proper jurisdictional officer is unlawful

R. J. Trading Co. Vs Commissioner of CGST, Delhi North &

R. J. Trading Co. Vs Commissioner of CGST, Delhi North & Ors. (Delhi High Court) Search and Seizure carried out by the Inspector of CGST without authority of a proper jurisdictional officer is unlawful – Delhi High Court In case of R J Trading Company vs. Commissioner of CGST, Delhi (W.P.(C).4847/2021 it is held that […]...

Read More

E-Way Bill under GST- Brief Analysis

Need of E-Way Bill ? 1. Tracking Transportation of Goods (as GST is a Destination Based Tax System) 2. To Avoid Tax Evasion When E-Way Bill Needs to be Issue ? When ever there is Movement of Goods + Value of Goods Exceed 50,000 Note : 1. Value means TAXABLE VALUE of Goods is Inclusive […]...

Read More

Bottleneck’s for seamless flow of Input Tax Credit under GST

Background The Goods and Services Tax (GST) was implemented in India on 1st July, 2017. It has been four years since the GST unified most of the indirect taxes laws in India. As it subsumed multiple taxes such as service tax, central excise and value added tax with aims to eliminate the cascading effect of […]...

Read More

9 New functionalities deployed on the GSTN portal in July 2021

New functionalities deployed on the GSTN portal in the month of July 2021 1. Submission of a complaint in case of misuse of PAN > Do a Search by PAN functionality on GSTN Portal and check all the registrations available/ taken in GST, linked to that PAN. > You can now submit an online complaint, in […]...

Read More

Supply of Labour Services under GST Scenario

Under GST scenario supply of labour services is also an important issue. Prior to GST certain Supply of Labour Services were taxable under the Service Act, After introduction of the Goods and Services Tax Act,2017, most of the Supply of Labour Services are taxable.   So, we have to know how to handle Supply of Labour Services […...

Read More

Papad is not limited to traditional round shape but can be of any desired shape & size

Impugned goods have all the characteristics and ingredients of Papad. Traditionally Papad were made manually in round shape however, due to advancement in technology, Papad does not limit to same age old traditional round shaped Papad but can be in any desired shape and size. Thus, Impugned goods are classifiable under HSN 19059040....

Read More

Received Notice or Order from GST Department? Try to find out what it is…

♦ INTRODUCTION Assessment means determination of tax liability. There are several types of assessments in the GST regime i.e., self-assessment, provisional assessment, summary assessment and best judgment assessment. Under GST, an assessee is first required to self- assess his tax liability and furnish returns for declaring the taxable ...

Read More

Goods and Services Tax India

The Goods and Services Tax or better known as GST is a Value added Tax and is a comprehensive indirect tax which is levied on the manufacture, consumption, and sale of goods and services. The Goods and Services Tax in India would replace all the indirect taxes which are levied today on goods and services by the Central and the State governments. GST is intended to be comprehensive for most of the goods and services. Goods and Services Tax is a single indirect tax for the entire nation, which would make India a unified market. It is proposed to be a single tax on supply of goods and services, from a manufacturer to the end consumer. The credit of all the input taxes which are paid at each and every stage would be allowed in the following stages of value addition that makes GST basically a tax on value addition only at every stage. The end consumer would have to bear only the Goods and Service Tax which is charged by the final dealer within the supply chain, together with all the set-off benefits availed at previous stages. At Taxguru, we provide all the latest GST news to our viewers. Our group of expert keep a close check on all the latest developments and provide a comprehensive analysis on GST updates. We keep updating our portal with articles on GST for the enlightening our readers. Bookmark us for all the GST articles and much more on GST.

Search Posts by Date

July 2021
M T W T F S S
 1234
567891011
12131415161718
19202122232425
262728293031