जीएसटी विभाग द्वारा ASMT 10 जारी किए जा रहे हैं। जिस के संदर्भ में धारा 61 नियम 99 के अंतर्गत यह नोटिस रेफरेंस नंबर के साथ जारी किए जा रहे ह...

In specific types of industries, It is important to know the applicability of GST on Free Samples and Other Sales Promotion activities. Need to Know How the GST shall Apply on Free Samples To sustain in cut-throat competition, industries are trying all possible measures to reach to maximum customers/Distributors/end users. This one of th...

The Maharashtra Advance Ruling Authority (MAAR) held in the case of M/s MEK PERIPHERALS INDIA PRIVATE LIMITED that 1. Incentive received from IIUL under IASCP program is not trade discount. 2. Secondly, it was held that the said amount received is in consideration of supply. 3. Thirdly, the incentive amount received doesn’t fulfill the ...

Show Cause Notices and consequent orders by the department in matters of fake invoicing are very common in the GST regime on multiple fronts, viz. at the issuer’s end, at the recipient’s end, and even against persons linking the alleged chain. However, what has piqued my interest recently is the scheme of provisions of the […]...

In normal business practices when company raises a loan from any bank or financial institute, the lender insists for personal guarantees from the Directors of the borrower Company, which is sometimes mandatory. Being Directors of the Company they are not paid any fees for furnishing such Guarantees. However GST department has started rais...

Discover expert views on the prolonged growth potential of the Indian economy, with the Chief Economic Advisor projecting a growth rate of over 7 percent in the current financial year. Get insights into the latest GDP forecast by the OECD and stay updated with key GST updates, including extension of due dates, guidelines for GST registrat...

In real estate transactions successive payments from buyer of property is involved in form of advances. Considering general view provision of construction services exceeds duration of 3 months therefore can be termed as continuous supply of services* as per Section 2(33) of CGST Act....

The Goods and Services Tax (GST) Act was implemented to overcome the deficiencies faced by earlier indirect tax laws, such as the cascading effect, under-invoicing, and the cumbersome process of availing Input Tax Credit (ITC). With the introduction of GST, the government aimed to protect the interests of revenue and introduced various ke...

An in-depth examination of the changes introduced to the GST Appellate Tribunal, the implications of these reforms, and the challenges that remain....

Goods and Services Tax (GST) compliance is a critical aspect for Small and Medium Enterprises (SMEs) operating in India. With the implementation of GST, SMEs need to ensure that they meet their tax obligations, maintain accurate records, and comply with the GST laws and regulations....