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Suo-Moto Suspension Under Rule 21A(2)/2A vis a vis Principles of Natural Justice

he GST Law is a very young piece of legislation, but in these four years, it has evolved itself into a more mature law. Though there are many unresolved issues and controversies confronting it, but it is expected that sooner or later they shall be resolved to suit the greater interests of revenue....

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Analysis of Delegation of Power under GST

RELEVANT STATUTORY PROVISIONS Section 5. Powers of officers under GST.— (3) The Commissioner may, subject to such conditions and limitations as may be specified in this behalf by him, delegate his powers to any other officer who is subordinate to him. Section 167. Delegation of powers.— The Commissioner may, by notification, direct th...

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Analysis of Provisional Attachment Under GST

RELEVANT STATUTORY PROVISIONS Section 83: Provisional attachment to protect revenue in certain cases.— (1) Where during the pendency of any proceedings under section 62 or section 63 or section 64 or section 67 or section 73 or section 74, the Commissioner is of the opinion that for the purpose of protecting the interest of the [&hellip...

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GST Laws Encourages Voluntary Compliances in Demands & Recovery

Like in any other tax collection system, in GST regime also there may be situations where: -no tax was paid -taxes were short paid  -there was non-levy or short levy – there fund granted was erroneous – the availment / utilization of input tax credit was wrong -there was fraudulent evasion of tax In all […]...

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Improved GST Collections Amid Economic Recovery

The growth in manufacturing sector activities in last few months and rise in GST collections in October – November 2021 hint at continuing economic recovery in Q3 of  the current fiscal. Economic revival is indicated in term of Purchasing Managers Index (PMI), merchandise exports, GST collection, improvement in hiring etc. The increase...

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Burning issues in GST Input Tax Credit (ITC)

Respected, Speaker Mr. CA Bimal Jain Sir has deliberated on topic “Burning issues in GST ITC” in Webinar conducted by “Tax Experts’ Pan India and Tax Kerala (Malayalam Business Magazine)” on 23.11.2021. Based on the issues discussed on topic I have prepared a detailed Note as given below. I have taken consent of Mr. Bimal [&...

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Amendment in Form GST DRC-03

Notification No.37/2021 – Central Tax (01/12/2021)  

CBIC vide Notification No. 37/2021–Central Tax dated 01.12.2021 makes the following amendments in Form DRC-03: In the heading, after the words ‘or statement’, the words, letters and figures ‘or intimation of tax ascertained through FORM  DRC-01A’ shall be inserted; Intimation of payment made voluntarily or made ...

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GST on NPV Paid for Forest Clearance

GST ON PAYMENT OF NPV FOR FOREST CLEARANCE. A. Use of forests and circumstances that may require diversion of forest: 1. The forests are generally used for the lifestyle, well-being of the forest dwellers, villagers and other people/ species wholly or partly dependent on forests. These are also used for nature reserve, national park, wild...

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Crypto Currencies and their Taxation in India

A crypto currency or crypto is a collection of binary data which is designed to work as a medium of exchange. Individual coin ownership records are stored in a ledger, which is a computerized database using strong cryptography to secure transaction records, to control the creation of additional coins, and to verify the transfer of coin [...

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Vaidity of Contemporaneous GST Payment As A Result of Investigation

Director General of GST Intelligence (in short DGGI) usually conducts inspection, search operation in any places of taxable persons by virtue of its power u/s 67 of CGST Act and also collect intelligence based informations pertaining to taxable persons....

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