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 : Finance Minister Nirmala Sitharamans budget missed crucial GST changes. Discover amendments in GST laws and their impacts for busi...
Goods and Services Tax : Discover the major GST and Customs changes proposed in Budget 2024-25. Key updates include reverse charge GST, assessment procedur...
Goods and Services Tax : Explore the effects of Union Budget 2024-25 on CGST provisions. Detailed analysis of amendments to levy, composition, ITC, recover...
Goods and Services Tax : Explore the concept of "control" under the GST Act, 2017, and understand its implications on related persons' transactions, commer...
Goods and Services Tax : Explore the 53rd GST Council clarification on corporate guarantee valuation, recent Supreme Court decisions, and the impact on GST...
Goods and Services Tax : Explore the July 2024 amendments to Customs Notifications Nos. 29-39 and Explanatory Memorandum to Notification No. 51/2024-Custom...
Goods and Services Tax : Finance Minister lauds GST success, highlights reduced tax incidence, simplified compliance, and eased appeal processes in the Uni...
Goods and Services Tax : Bikaner Tax Consultants Association seeks an extension of the Income Tax Return filing deadline due to ITD portal glitches and iss...
Goods and Services Tax : Explore the need for agriculture reforms, GST implications on mechanized inputs, and government measures to support Indian farmers...
Goods and Services Tax : GST collections have risen steadily each month up to June 2024. No pending dues to states; Bihar and others have raised fiscal sup...
Goods and Services Tax : Read the detailed analysis of Telangana High Court's judgment on Himani Navaratan Oil, Gold Turmeric Ayurvedic Cream, and other pr...
Goods and Services Tax : Gujarat High Court quashes vague show cause notice against KRD Enterprise, highlighting need for detailed grounds in GST registrat...
Goods and Services Tax : Delhi High Court's ruling in Green Polymers Vs Union of India invalidates GST cancellation and restores the petitioner’s GST reg...
Goods and Services Tax : Madras High Court remands case of Sakthi Industries Vs Deputy State Tax Officer-I, citing breach of natural justice. Petitioner al...
Goods and Services Tax : Madras High Court sets aside penalty order for GST non-compliance, allowing Prakash Fabricators & Electricals to contest late fee ...
Goods and Services Tax : Discover the CBIC July 2024 newsletter highlights including NTRS 2024 findings, RoDTEP benefits for SEZs, and a crackdown on gold ...
Goods and Services Tax : Explore the integrated services of NIC-IRP e-invoice-1 and e-invoice-2 portals, launching on July 18th, 2024. Learn about seamless...
Goods and Services Tax : Explore CBIC achievements, updates, and recent cases in the July 2024 newsletter from the Ministry of Finance, Department of Reven...
Goods and Services Tax : GST rates on solar cookers, fire water sprinklers, parts of poultry-keeping machinery, pre-packaged agricultural produce and suppl...
Goods and Services Tax : Latest GST clarifications on services including Indian Railways, RERA, digital payments, insurance schemes, and accommodation serv...
As Goods and Services Tax (GST) is going to be levied on supply of goods and/or services, meaning of ‘goods’ and ‘services’ would also play vital role in levy and chargeability of GST after the key term ‘supply’. It has to be clearly identified as to whether the supply constitutes supply of goods or services for leviability of GST.
Both houses of Parliament and many states have given their nod to roll out GST (Goods & Service Tax) in India. So, the stage seems to be almost set for its implementation in coming financial year. Every newspaper, all the addresses by eminent people and social media are exhilarated as well as positive for this new development.
In partial modification to this department’s Circular No. 11 of 2016-17 on the subject cited above and in exercise of the powers conferred under Rule 49A of the Delhi Value Added Tax Rules, 2005, I, S.S.Yadav, Commissioner, Value Added Tax, do hereby extend the last date of filing of online/hard copy of first quarter return for the year 2016-17, in Form DVAT-16, DVAT-17 and DVAT-48 along with required annexure/enclosures to 10/09/2016.
Office of the Commissioner of Sales Tax, 8th Floor, Vikrikar Bhavan, Mazgaon, Mumbai- 400010. CORRIGENDUM To, ___________ ___________ No. Mahavikas/ADIC/ New Automation /B-557 Date: 30th August 2016 Trade Cir. No. 22 T of 2016 Subject : Return filing in new automation processes and changes in procedures. Ref. : 1. Trade Circular No 7 T of […]
Till the date, the indirect tax assessment, discharge of tax liability & its proper indirect implementation was the sole or major area of indirect tax professional only. Whereas, for the first time the Finance & accounts department of any organisation or company will be on their toes for proper GST implementation on daily basis. It can be understood from the following aspects :
The scope of IGST Model is that Centre would levy Integrated Goods and Services Tax (IGST) which would be CGST plus SGST on all inter-State transactions of taxable goods and services with appropriate provision for consignment or stock transfer of goods and services.
Sales Tax Department had introduced automation in filing of VAT Returns on 25th February 2016 and it was decided to bring it in effect from April 2016.Due to various technical issues, VAT Returns are still pending to be filled since April 2016.
Much awaited Circular for Introduction of New Automation Process for Filing of MVAT and CST Returns has been issued under no. 22T of 2016 dated 26.08.2016 and accordingly Revised Scheduled for Filing of Returns from 01 April 2016 is also been announced
Determination of the taxable event in any tax law is of utmost significance as the levy of tax is based on occurrence of that event. Before we proceed further to understand and analyse the taxable event under the GST regime, it is imperative to first understand the taxable events under the present indirect taxation:
The new return filing process envisages preparation of invoice-wise sales and purchase annexure. For this dealer is required to visit to MSTD Web-site and download the return template form. The new process of filing of returns for the periods starting from Apr 2016 is being explained
