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GST law is a voluntary compliance-based taxation system. One of the key features of GST is its self-assessment system. The entire responsibility for assessment of tax liability has been entrusted upon with the taxable person or the Business entity in line and spirit of the GST laws....

In every taxation system the liability of tax payable by a person has to be determined and assessed. The GST law provides for various kinds of assessment. Self-assessment of the tax liability is one of them. Every registered taxable person is required to himself assess his liability of taxes payable and furnish a return for each tax perio...

Registration is the process through which a supplier enters into the GST ecosystem. It is the most fundamental requirement of identify cation of the business for tax purposes and for monitoring compliance requirements....

This Chapter provides the scope and extent of GST, for better understanding of the tax structure under the GST law. The topics covered in this Chapter provide the general idea of the taxation policy and the authority of law, which will aid in the daily working of departmental officers....

This Chapter deals with the transitional provisions contained in CGST Act, 2017, to facilitate the taxpayers to take Input Tax Credit (ITC) on the CENVAT credit balance or CENVAT credit on goods in stock, etc. at the time of migration from the erstwhile Central Excise and Service Tax regime to GST regime....

1. INTRODUCTION: ADVANCE RULING MECHANISM IN GST 1.1 The Advance Ruling is issued by tax authorities to companies/firms who request for clarification of certain tax matters, specifically when the taxpayer is uncertain about certain provisions of the CGST Act, 2017 and CGST Rules, 2017. 1.2 The provisions of CGST Act, 2017 and CGST Rules, ...

West Bengal GST authorities deny transitional credit to real estate developers citing Supreme Court rulings. Learn the grounds for contesting these demands....

In M/s. THDC India Ltd, Uttarakhand AAR ruled that government authority services like design engineering and water tank construction are GST-exempt under specific conditions....

In Piramal Enterprises Ltd v. State of Maharashtra, Bombay HC ruled against revenue's selective interpretation of business transfer agreements for tax demands....

Discover key updates from 16 GST Circulars issued by CBIC post-53rd GST Council meeting. Learn about reduced litigation, special procedures for manufacturers, ITC guidelines, and more....