Goods and Services Tax - Page 2

GST Certification Course on Pen-Drive by TaxGuru and GST Professionals

GST Certification Course on Pen-Drive by TaxGuru and GST Professionals We feel proud in introducing the first in class ‘GST Certification Course on Pen Drive’ by TaxGuru & GST Professionals. Pen Drive Course involves more than 30 Hrs of detailed study as per your convenient time. Study along with our best-selling GST e-boo...

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Adjudication proceedings on goods detained should be completed expeditiously: HC

Reliance Industries Limited vs. State of Uttar Pradesh (Allahabad High Court)

The adjudication proceedings on the goods detained / seized should be completed expeditiously as the law itself provides for release of goods on fulfilment of prescribed condition....

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Can Delhi HC decision block migration of KKC?

Can Delhi High Court decision in the case of 'Cellular operators association of India Vs. UOI' block migration of KKC? Revenue authorities are issuing show cause notice to the registered taxable persons who had migrated accumulated credit of Krishi Kalayan Cess (herein after referred as KKC) from erstwhile tax regime to new tax regime vid...

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Is it legally correct to claim ITC against invoice pertaining for FY 2017 – 2018 after September 2018 ?

Is it legally correct to claim ITC against invoice pertaining for FY 2017 – 2018 after September 2018 ?  Section 16 of Central Goods and Service Tax Act, 2017 (CGST Act, 2017) specify certain conditions to claim input tax credit against any inward supply one of which is the last date to claim ITC against […]...

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Re-Import of Exported Goods under GST

In some occasions goods exported out of India are returned back for various reasons like Cancellation of Export Order For any Trade Disputes like Quality Reasons, Default of Payments, Non-Conformance to any Contractual Terms After Exhibition / Display in overseas Country Return after Project / Contract Closure or Completion Re-import of E...

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4 Recent Judicial Pronouncements on GST (Part-X)

In Hindalco Industries Ltd. v. Union of India where assessee filed writ petition against recovery of service tax demand raised upon it, petition was disposed of stating that on account of subsequent development and particularly CGST Act and the issue in petition was purely academic and rendered infructuous....

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Analysis of Proposed Amendments in GST law

The article analyses 46 amendments proposed and posted at GST Council website for which suggestions/feedback and comments have been invited till 15-07-2018....

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Join 4 day GST Certified Practitioner course of Ministry of M.S.M.E.

Hurry Up!! JOIN 4 day GST CERTIFIED PRACTITIONER course of Ministry of M.S.M.E. at Trichy, Chennai, Coimbatore, Mumbai, Kolkata, Indore, New Delhi, Bangalore, Hyderabad, Jaipur, Cochin in July 2018 and August 2018 starting from 21st July 2018. WHAT THE GST CERTIFICATION COURSE AIMS AT? The Course aims to facilitate the Graduating students...

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Amendment in GST Laws – Draft Proposal

There are approx. 46 draft amendments proposed in GST, some of the key draft amendments are Deletion of reverse charge mechanism provision (RCM is where registered person purchased goods or services from unregistered persons & pay taxes). Though this provision which is u/s 9(4) of CGST Act 2017 is suspended till 30th of Sept 2018. In Draf...

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An Overview on GST Audits and its Types

GST regime was introduced as Self- Assessment Tax i.e. taxpayer had to self assess his Tax liability and file return. However to avoid Error in Tax liability calculation or claim of ITC , registered person is require to get its Books of Accounts Audited by a CA/ CMA....

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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.

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