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 : Understand the implications of GST on rent for residential and commercial premises. Learn about applicable rates and exemptions fo...
Goods and Services Tax : Delve into the complexities of Input Tax Credit reversal by customers due to credit notes under Section 34 of the CGST Act for sea...
Goods and Services Tax : Delve into the complexities of claiming Input Tax Credit (ITC) under GST, exploring Section 16 provisions, controversies, constitu...
Goods and Services Tax : Article explains challenges in complying with GST regulations in India & offers solutions like robust systems, training, tech inte...
Goods and Services Tax : Explore how India's 2024-2025 interim budget affects GST laws, compliance, MSMEs, and potential legal changes. Stay informed for b...
Goods and Services Tax : AGFTC & ITBA highlight issues with GST portal downtime on 10th and 11th April 2024, urging prompt action from authorities....
Goods and Services Tax : Explore the robust growth in GST collection for FY 2023-24, crossing Rs. 20 lakh crore, reflecting economic resilience and improve...
Goods and Services Tax : Explore the Ministry of Finance's report on the second highest monthly GST revenue collection in March 2024, reaching ₹1.78 lakh...
Goods and Services Tax : Learn why the Goods and Services Tax Practitioners Association of Maharashtra requests an extension for filing PTRC returns due to...
Goods and Services Tax : Discover insights from the recent GST Council conference, combating tax evasion, revenue growth, and strategies for fraud preventi...
Goods and Services Tax : In Tokyo Zairyo (India) Pvt Ltd vs Asst Commissioner, court sets aside order due to disregard of petitioner's reply. Get detailed...
Goods and Services Tax : Madras High Court sets aside assessment order due to lack of annexed documents in reply, reversing ITC worth Rs. 1.04 Cr. Details ...
Goods and Services Tax : Marson Industries secures victory as Madras High Court sets aside orders due to lack of communication on GST proceedings. Detailed...
Goods and Services Tax : Kerala High Court's ruling on Malabar Parota as bread for GST classification. Detailed analysis of Modern Food Enterprises Pvt. Lt...
Goods and Services Tax : Read the full judgment of Madras High Court setting aside tax liability due to inadvertent error in GSTR-1, corrected in GSTR-3b. ...
Goods and Services Tax : Stay updated with the latest initiatives and achievements of the Government of India's Ministry of Finance, Department of Revenue,...
Goods and Services Tax : CBIC Extends Due Date of Furnishing GSTR-1 for March 2024 to 12th April Due to Technical Issues on GST Portal vide Notification N...
Goods and Services Tax : Explore the authorization of Revisional Authorities under Section 108 of KGST Act 2017. Learn about designated officers, procedure...
Goods and Services Tax : Get the latest update: GSTN recommends extending GSTR-1 filing deadline to 12/4/24 due to technical issues. Read more for details....
Goods and Services Tax : Discover how to effortlessly populate HSN-wise summaries from e-Invoices into GSTR-1 Table 12. Ensure accuracy and streamline repo...
GST registration is not mandatory perse, its applicability is dependent upon certain conditions. For proper understanding of mandatory application of GST registration, it is divided into two categories (i) Mandatory registration based on Turnover, and (ii) Mandatory registration irrespective of Turnover. MANDATORY GST REGISTRATION BASED ON TURNOVER Every supplier making a taxable supply of goods […]
Introduction Good health and good sense are two of life’s greatest blessings. The Indian Healthcare Industry is the largest producer for generics and now among of the major sectors with respect to revenue and to employment. The Pharma and Healthcare Industry has grown significantly and enjoys an important position in the global pharmaceuticals and medical […]
In re Dharmic Living Private Limited (GST AAR Kerala) Sale of developed plots without receiving any advance from their customers for undertaking development activities is neither a supply of goods nor a supply of service The Kerala Authority of Advance Ruling (Kerala, AAR) in the matter of M/s Dharmic Living Private Limited [Advance Ruling No. […]
In re Victoria Realtors (GST AAR Kerala) 1. Whether the new tax rate of 7.5% (effective rate of 5% after excluding land portion), with no ITC, is applicable to the 11 unbooked units in the said VRINDHAVAN project? No. Since the applicant has exercised option for paying tax at the rate as specified in Item […]
Common facilities provided commonly to employees without any recovery would not be subject to GST as they cannot be considered as gifts, provided they form part of contractual agreement.
In re Synthetic Moulders Limited (GST AAR West Bengal) Classification and rate of tax on aerobic micro organism/protein derived thereof used in cementitious / concrete application The product, viz. aerobic micro organism/protein derived thereof used as a biological agent to reduce the requirement of cement in all cementitious/concrete application as manufactured and to be supplied by […]
Who can opt for such scheme? As per Section 10(1), subject to sub-sections (3) and (4) of section 9 of CGST Act 2017, a registered person whose aggregate turnover in the previous financial year is not more than Rs. 1.5 Crore in relation to supply of goods and restaurant services, can opt, in lieu of […]
The Central Board of Indirect Taxes & Customs (CBIC) has introduced few amendments vide Notification No. 15/2021 – Central Tax dated 18.05.2021 in the CGST Rules relating to refunds which have been discussed below: ♦ Exclusion of the period between the date of filing of refund application to the date of issuance of deficiency memo […]
Changes in GST Refund Rules: Recently CBIC has issued Notification No. 15/2021–Central Tax dated 18th May 2021 specifying changes in the CSGT Rules, which has brought changes in GST refund procedure (e.g. withdrawal of refund application, adjustment of refund amount against pending demand, extension of time period for computation of period of limitation, etc.). Same […]
we invoke your kind attention to the following burning core issues for discussion in the meeting of the GST Council with a request to please take immediate action in order to relieve the traders from compliance of the same temporarily.
