Goods and Services Tax

Major Amendments proposed in CGST Act, IGST Act & GST (Compensation to States) Act, 2017

Major Amendments proposed in CGST Act, 2017, IGST Act, 2017 and the GST (Compensation to States) Act, 2017 vide recently released Draft proposals for amending GST Laws which was open for public comments till 15th July 2018. Section 2(4)- Adjudicating Authority National Anti-Profiteering Authority constituted by the Central Government unde...

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GST: SUPPLY – Bill to and Ship to Scenario

GST is significantly different from the previous tax system as it is a destination –based tax Supply of goods under Bill TO & Ship TO scenario is very much important and needs to consider whether the transaction is within the state or outside the state. ...

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How to avail Input Tax Credit under GST law

Articles explains Conditions to avail Input tax credit under GST, Important Points related to Input tax credit under GST, Input Tax Credit if Depreciation been claimed on Tax Amount, Due Date for Input tax credit under GST and Documents for availing Input tax credit under GST. Section 16 of CGST Act, 2017 laid down the eligibility and [...

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Annual GST Audit- An Introduction

Articles discusses Provisions related to Annual GST Audit, meaning of word ‘Audit’ used in GST Law, Class of registered persons liable for GST Audit, Timelines for concluding GST Audit and requirement for furnishing GST Audit report along with audited annual accounts and a reconciliation statement, Consequence of failure to submit Ann...

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GST Charcha: Whether Intermediary Services are export of Services?

Though, it has been a year since the implementation of GST, yet there are some problems which require immediate attention of the government to clarify, one of such dubious issue is ‘place of supply’ of intermediary services for the chargeability of GST....

Read More

Free book on E-way Bill under GST (July Edition)

This publication of E-way Bill has been specifically designed to provide in-depth knowledge of provisions pertaining to E-way bill under GST in a simplified manner. It covers all the nitty-gritty of the e-way bill in theoretical and practical manner. ...

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Nodal officers nominated for implementation of e-way bill system

Grievance Redressal Officers have been appointed by both Central and State Governments under the provisions of e-way bill rules for processing the complaints/information uploaded by taxpayers/transporters regarding detention of their List of these Grievance Redressal Officers is available at - ...

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Measures to Expedite refund of GST to Exporters

 In order to sort out the problems being faced by the exporters for refund claims of GST two ‘Special Drive Refund Fortnight’ were organized from 15.3.2018 to 29.3.2018 and from 31.5.2018 to 16.6.2018. As a result, most of the claims filed till 30.04.2018 have been sanctioned. IGST refunds amounting to Rs. 21,142 crore and RFD-01A [&...

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E-Way Bill Penalty- Transporters to Strike from 20th July

All India Motor Transport Congress Delhi has called  issued a Circular on 9th July 2018 to call Nationwide Strike of trucker and transporters against the GST Provisions related to Transporters especially related to E-Way Bill and Penalty for Not Properly and fully uploading of the E-Way Bill. Some other issues are constant increase in di...

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ICAI’s 121 Suggestions on GST Law submitted to Government

ICAI has submitted 121 suggestions on various topics under GST to  Union Minister of Finance, Shri Shri Piyush Goyal which includes suggestions on General Issues, Definitions,  Classification And Exemption, Scope Of Supply, Composite And Mixed Supply, Composition Levy, Time & Value Of Supply, Input Tax Credit, Registration, Tax Invo...

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Transitional Credit is substantive right & cannot be taken away by procedural requirements: Gujarat HC issues notice to Centre and GST Council

M/s Jay Chemical Industries Limited Vs. Union of India (Gujarat High Court) - While admitting a petition challenging the provisions of Central Goods and Services Tax (GGST) Act which restricts the time limit for filing and revising of GST Tran 1 to the extent of only 180 days from the appointed day, the Gujarat High Court has issued notices to Centre and GST Council....

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Marine Consultancy Service provided to foreign ship owners do not constitutes composite supply with principal supply of consultancy service

In re Five Star Shipping (Authority For Advance Ruling) - A. 1 Whether Marine Consultancy Service provided to foreign ship owners constitutes composite supply with the principal supply of consultancy service? A. 2 Whether the place of supply of MCS (as a composite supply) will be determined in terms of Section 13(2)(a) of the Integrated Goods and Services ...

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GST: HC directs MP Govt to Remove Check posts

Vijay Kuamr Nagpal Vs. Union Of India (Madhya Pradesh High Court) - The sole contention of the learned Senior Counsel for the petitioner is that after issuance of the notification, all the check posts have to be removed as GST regime has been introduced and, therefore, they cannot restrict or obstruct any of the vehicle from asking them to pay tax on the check posts...

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Penalty for Failure to file Part-B of E-way Bill is valid: HC

M/s Gati Kintetsu Express Pvt. Ltd. Vs Commissioner, Commercial Tax of MP & others (Madhya Pradesh High Court) - M/s Gati Kintetsu Express Pvt. Ltd. Vs Commissioner, Commercial Tax of MP & others (Madhya Pradesh High Court) In the present case, the distance was more than 1200-1300 kilometers and it is mandatory for the petitioner to file the Part-B of the e-way bill giving all the details including the veh...

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HC grants Bail to Person accused of GST Evasion by issuing Fake Invoices

Sanjay Kumar Bhuwalka Vs Union of India (Calcutta High Court) - Petitioner Shri Sanjay Kumar Bhuwalka and Neeraj Jain were arrested on 12.05.2018 due to their involvement in the business of generating and selling of fake tax invoices to various entities without supplying the underlying goods or services, thereby facilitating irregular availment and utilization o...

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Weekly newsletter from Chairman, CBEC dated 13/07/2018

D.O.No.3/CH(IC)/2018 - (13/07/2018) - As a measure of Tax payer facilitation and to reduce tax litigations, the threshold monetary limits for filing Departmental Appeals in Central Excise and Service Tax cases have been enhanced ...

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E-way bill exemption on intra-State Goods movement for Job Work in Bengal

Notification No. 14/2018–C.T./GST - (12/07/2018) - Generation of e-waybill under the West Bengal Goods and Services Tax Rules, 2017 for an intra-State movement of goods is exempted where such goods are being sent to a job-worker for job work as defined under clause (68) of section 2 of the Central Goods and Services Tax Act, 2017/ the West Bengal Go...

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CBIC increases appeal filing limit – Cestat 20L, HC 50L, SC 1Cr

F.No.390/Misc./116/2017-JC - (11/07/2018) - CBIC increases appeal filing limit Substantially and new limit for filing appeal with various Appellate Forum is as follows :- CESTAT Rs. 20,00,000/‑, High Courts Rs. 50,00,000/‑ and Supreme Court Rs. 1,00,00,000/-. F.No.390/Misc./116/2017-JC Ministry of Finance Department of Revenue Central Boa...

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Chairman CBIC’s newsletter dated 07.07.2018

D.O.No.2/CH(IC)/2018 - (07/07/2018) - My congratulations to all officers and staff for making it a grand success. It should mark the beginning of another year dedicated to making GST more tax-payer friendly, streamlining procedures and improving compliance....

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Directorate General of Safeguards re-named as Directorate General of Anti-profiteering

Notification No. 29/2018–Central Tax - (06/07/2018) - CBIC amends Rule 125, 129, 130,131 and 132 and renamed ‘Directorate General of Safeguards’ as ‘Directorate General of Anti-profiteering’ under Central Goods and Services Tax Rules, 2017 vide Notification No. 29/2018–Central Tax dated 6th July, 2018....

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Recent Posts in "Goods and Services Tax"

Major Amendments proposed in CGST Act, IGST Act & GST (Compensation to States) Act, 2017

Major Amendments proposed in CGST Act, 2017, IGST Act, 2017 and the GST (Compensation to States) Act, 2017 vide recently released Draft proposals for amending GST Laws which was open for public comments till 15th July 2018. Section 2(4)- Adjudicating Authority National Anti-Profiteering Authority constituted by the Central Government unde...

Read More

GST: SUPPLY – Bill to and Ship to Scenario

GST is significantly different from the previous tax system as it is a destination –based tax Supply of goods under Bill TO & Ship TO scenario is very much important and needs to consider whether the transaction is within the state or outside the state. ...

Read More

Free book on E-way Bill under GST (July Edition)

This publication of E-way Bill has been specifically designed to provide in-depth knowledge of provisions pertaining to E-way bill under GST in a simplified manner. It covers all the nitty-gritty of the e-way bill in theoretical and practical manner. ...

Read More

How to avail Input Tax Credit under GST law

Articles explains Conditions to avail Input tax credit under GST, Important Points related to Input tax credit under GST, Input Tax Credit if Depreciation been claimed on Tax Amount, Due Date for Input tax credit under GST and Documents for availing Input tax credit under GST. Section 16 of CGST Act, 2017 laid down the eligibility and [...

Read More

Annual GST Audit- An Introduction

Articles discusses Provisions related to Annual GST Audit, meaning of word ‘Audit’ used in GST Law, Class of registered persons liable for GST Audit, Timelines for concluding GST Audit and requirement for furnishing GST Audit report along with audited annual accounts and a reconciliation statement, Consequence of failure to submit Ann...

Read More

Transitional Credit is substantive right & cannot be taken away by procedural requirements: Gujarat HC issues notice to Centre and GST Council

M/s Jay Chemical Industries Limited Vs. Union of India (Gujarat High Court)

While admitting a petition challenging the provisions of Central Goods and Services Tax (GGST) Act which restricts the time limit for filing and revising of GST Tran 1 to the extent of only 180 days from the appointed day, the Gujarat High Court has issued notices to Centre and GST Council....

Read More

GST Charcha: Whether Intermediary Services are export of Services?

Though, it has been a year since the implementation of GST, yet there are some problems which require immediate attention of the government to clarify, one of such dubious issue is ‘place of supply’ of intermediary services for the chargeability of GST....

Read More

Nodal officers nominated for implementation of e-way bill system

Grievance Redressal Officers have been appointed by both Central and State Governments under the provisions of e-way bill rules for processing the complaints/information uploaded by taxpayers/transporters regarding detention of their List of these Grievance Redressal Officers is available at - ...

Read More

Measures to Expedite refund of GST to Exporters

 In order to sort out the problems being faced by the exporters for refund claims of GST two ‘Special Drive Refund Fortnight’ were organized from 15.3.2018 to 29.3.2018 and from 31.5.2018 to 16.6.2018. As a result, most of the claims filed till 30.04.2018 have been sanctioned. IGST refunds amounting to Rs. 21,142 crore and RFD-01A [&...

Read More

GSTR-3B return- How to create, save, pay taxes and file

How can I create, save, pay taxes and file GSTR-3B return? A normal taxpayer is required to file Form GSTR-1, 2, GSTR-3 return for every tax period. In case of extension of due dates for filing of GSTR-1 and GSTR-2, GSTR-3B needs to be filed by them (in addition to the GSTR-3 return), as and […]...

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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.