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Goods and Services Tax : Clarifies GST liability on oil tanker lease charges, emphasizing exemption for owners under Notification 12/2017....
Goods and Services Tax : Explore the November 2024 GST Case Law Compendium, analyzing key rulings from the High Court & Supreme Court on tax demands, regis...
Goods and Services Tax : Supreme Court rules on ITC restrictions for construction under Section 17(5) of CGST Act in Safari Retreats Case. Clarifies "plant...
Goods and Services Tax : GST compliance on Buy One Get One Free offers, secondary discounts, and issuance of credit notes clarified by CBIC, including Inpu...
Goods and Services Tax : Learn about the GST Amnesty Scheme 2024, Section 128A, and its process for interest & penalty waiver for taxpayers from 1st July 2...
Goods and Services Tax : GSTN alerts taxpayers about duplicate invoices in GSTR-2B for September and October 2024. Resolution is underway; QRMP taxpayers a...
Goods and Services Tax : Mumbai court sentences former CGST Superintendent and his wife to 2-4 years in prison for possessing disproportionate assets. Tota...
Goods and Services Tax : AGFTC and ITBA urge the issuance of standardized guidelines for GST adjudication to enhance clarity, reduce litigation, and ensure...
Goods and Services Tax : The Second National Conference of GST Enforcement Chiefs focused on addressing fake registrations and enhancing compliance through...
Goods and Services Tax : CGST Thane invites EOIs for empanelment of Chartered and Cost Accountants for GST special audits. Submit by October 27, 2024....
Goods and Services Tax : Patna HC restores GST appeal under BGST Act with conditions for payment, following a dismissed appeal due to delayed filing....
Goods and Services Tax : Madras HC revokes GST registration cancellation for Creatxia after failure to file returns due to father-in-law’s death. Conditi...
Goods and Services Tax : Gujarat HC sets aside GST order without detailed backing, lifting bank attachments on Kisan Mouldings accounts, citing procedural ...
Goods and Services Tax : Bombay HC permits Pepperfry to file a belated reply to GST SCN, imposing Rs. 50k cost, and restores the matter before the concerne...
Goods and Services Tax : GST Act allows alternate methods of authentication, and technical lapses, such as missing signatures, do not invalidate proceeding...
Goods and Services Tax : The Supplier View functionality in GST IMS allows suppliers to track actions taken by recipients on invoices, ensuring better tr...
Goods and Services Tax : GSTN issues advisory on the new Invoice Management System (IMS) for accepting or rejecting supplier invoices, impacting GSTR-2B an...
Goods and Services Tax : Maharashtra GST Department allows offline processing of audits for FY 2020-21 due to technical issues, with instructions for manua...
Goods and Services Tax : The 18th Customs Consultative Group meeting discussed trade issues. Vigilance Awareness Week focused on integrity, with highlights...
Goods and Services Tax : GST waiver scheme offers relief for tax disputes, waiving interest and penalties if full tax is paid by March 31, 2025....
Clearing the decks for the July 1 rollout of the ambitious Goods and Services Tax (GST) that will subsume 17 major Central and State taxes for a unified tax regime, the Lok Sabha on March 29, 2017 night cleared four crucial GST Bills i.e. CGST, IGST, UTGST and Compensation Cess Bill.
Download Clause by Clause Analysis of CGST Bill 2017, UTGST Bill 2017, IGST Bill 2017 and a Presentation on GST Bill – 2017 compiled by Institute of Cost Accountants of India and its Members
Central Government is all set to roll out GST from July 1, 2017. Another revolutionary step has been taken. After Almost 7 hours, a day long discussion and crossing all the setbacks moved by the opposition parties, finally Lok Sabha managed to pass following four bills which were earlier passed by Union Cabinet on March 20, 2017:-
The historic Goods and Services Tax (GST) regime today came a step closer to meet its July 1 target of rollout, with the Lok Sabha approving four supplementary legislations. Following bills were passed after negation of a host of amendments moved by the opposition parties:- Bill No. 57 of 2017 – The Central Goods And […]
In pursuance of clause (3) of article 348 of the Constitution of India, the following translation in English of the Maharashtra Tax Laws (Levy, Amendment and Validation) Bill, 2017 (L. A. Bill No. XVIII of 2017), introduced in the Maharashtra Legislative Assembly on the 30th March 2016, is hereby published under the authority of the Governor.
Government of Maharashtra hereby with effect from the 1st April 2017, amends the SCHEDULES ‘A’, ‘C’ and ‘D’ appended to the said. Act, namely :—8A Card swipe machines for merchant transactions. :- Nil%
Government of Maharashtra hereby, with effect from 1st April 2017, amends the Government Notification, Finance Department No. VAT-1511/C.R.-57/Taxation-1, dated the 30th April 2011 as follows, namely
Please find below the procedure for registration under GST. Before proceeding towards the procedural steps for registration under GST, lets go through its applicability:
France was the first country which introduced a comprehensive GST Regime in 1954. GST rates in various countries ranges from 5 per cent to 25 per cent. At present, GST has been adopted by more than 150 countries around the globe.
Under the new regime of Revised Model GST Law levy of GST is based upon the term supply and accordingly the first step is to know whether a person, who is engaged in the business has made any supply of goods and / or services; and whether these supplies are taxable under GST.