Goods and Services Tax India: Read all latest GST news, articles, notification, circulars, case laws news on, MVAT DVAT PVAT GST GSTN IGST CGST GST Council GST Rates SGST GST Forms GST Rules.
Goods and Services Tax : Explore the complexities of GST on corporate guarantees, recent legal challenges, valuation rules, and industry concerns regarding...
Goods and Services Tax : Learn about Reverse Charge Mechanism (RCM) under GST, its applicable goods/services, suppliers, recipients, and GST rates. Stay up...
Goods and Services Tax : The Finance Act 2025 retroactively amends GST ITC provisions, limiting credits for construction of immovable properties, impacting...
Goods and Services Tax : This article explores the risks associated with over submission in GST litigation, its impact on legal outcomes, and the best prac...
Goods and Services Tax : Recent GST directive mandates written grounds for arrest, aligning with legal rights. Learn implications and changes in arrest pro...
Goods and Services Tax : West Bengal's GST share dropped from 4.6% in 2019-20 to 4% in 2024-25. Learn about factors affecting revenue, government measures,...
Goods and Services Tax : Government addresses GST exemption on health & life insurance premiums, forming a GoM for review. Key updates on current exemption...
Goods and Services Tax : The government addresses GST complexities with reforms, fraud crackdowns, and MSME compliance relief. Learn about tax slabs, exemp...
Goods and Services Tax : GST on leased properties remains at 18%. Recent changes exclude composition taxpayers from reverse charge liability. No central da...
Goods and Services Tax : GST on commercial training is 18%, while educational institutions' services and books are exempt. Details of GST collection and me...
Goods and Services Tax : Orissa High Court permits relief to petitioner in OGST case, allowing tax compliance and appeal consideration despite procedural d...
Goods and Services Tax : Orissa HC permits GST registration revocation if dues are paid. Assessee can apply for restoration per prior legal precedent....
Goods and Services Tax : Bombay HC allows appeal against tax order despite bank account lien. Court orders transfer of funds, pre-deposit for appeal, balan...
Goods and Services Tax : Calcutta HC directs the Appellate Authority to consider GST appeal delay condonation due to COVID-19 hardships, ensuring procedura...
Goods and Services Tax : Orissa HC directs tax authorities to consider the assessee’s belated reply before initiating GST recovery proceedings, ensuring ...
Goods and Services Tax : New GST registration rules require biometric or Aadhaar authentication at GSK. Complete verification within 15 days to avoid ARN r...
Goods and Services Tax : The Ministry of Finance has notified the implementation dates for specific provisions of the GST Amendment Rules, 2024. Key rules ...
Goods and Services Tax : CBIC detects Rs. 18.10 crore GST evasion in real estate and organizes a CPR training workshop for officers. Post-Budget discussion...
Goods and Services Tax : Maharashtra establishes GST Suvidha Kendra for Aadhaar-based biometric authentication and document verification for new GST regist...
Goods and Services Tax : Clarified procedure for appeals under Section 128A of CGST Act 2017, addressing disputes on interest and penalty where tax is full...
Article discusses Whether Form ‘C’ should be made available to an assessee even after implementation of the goods and services tax?
Sec 10 of CGST Act 2017 explains the composition levy under Goods and Services Tax, according to which, a registered person, whose aggregate turnover in the preceding financial year did not exceed* may opt to pay, in lieu of the tax payable by him, an amount calculated at such rate as may be prescribed, but not exceeding,
Every registered person under GST must maintain all records at his principal place of business as prescribed under Section 35 of the Central Goods and Service Tax Act, 2017 read with Rule 56 of the Central Goods and Service Tax Rule, 2017.
The meaning of Input Tax Credit can be understood easily if we break the words input and tax credit. Here input is referred to the materials or services that a manufacturer/Supplier of services procures in order to manufacture a taxable product or to render a taxable service. The word ‘Tax credit’ means the tax paid on the purchase of inputs (goods to be used in taxable supply) which can be used to reduce the output tax (Tax to be paid on the supply of goods or services).
As per 34(3) where a tax invoice has been issued for supply of any goods and service or both and the taxable value or tax charged in the tax invoice is found to be Less than the taxable value or tax payable in respect of such supply, the registered person who has supplied such goods or service or both, shall issue to the recipient a Debit note containing such particulars as may be prescribed.
Sh.Vajpayee has left the entire nation lamenting behind him and petitioning God for the tranquility of the reverend soul Other than taking pathbreaking choices in regard of fiscal consolidation, economic adjustment, and infrastructural growth, the Vajpayee organization had laid a few rules for the progressive governments in presenting some excellent economic changes and strategies. To name a few, we have GST Registration, Aadhaar, and Udyog Aadhaar Registration
Article explains Advantages and disadvantages of Composition Scheme Under Goods And Services Tax, 2017 read with Rules related to GST Composition.
Extension of last date for filing GST returns by taxpayers in Kerala, Mahe and Kodagu extended In view of the disruption caused due to severe floods in Kerala, Mahe (Puducherry) and Kodagu (Karnataka), the Competent Authority has extended the due dates for filing of the following GST returns by taxpayers registered in these areas: Sl. […]
Extension of Last Date for filing GSTR-3B for July, 2018 extended till 24th August, 2018 for all class of taxpayers As per PIB also The last date for Filing of Return in FORM GSTR-3B for the month of July, 2018 has been extended till 24th August, 2018 for all class of taxpayers by the Competent […]
Input Tax Credit under GST is the most common word associated with the present day taxation regime. Input Tax Credit incorporated in the GST mechanism in order to minimize the cascading effect (tax on tax). In an ideal tax mechanism, taxes never become a part of the cost of a product, until it reaches the ultimate final consumer.
