Goods and Services Tax : Today, we are talking about cross empowerment of the Central and State Authorities under GST. It has been seen there is ambiguity ...
Goods and Services Tax : Explore the implications of GST Section 16(4) on Input Tax Credit (ITC) with legal insights, challenges, court cases, and recent d...
Goods and Services Tax : Explore the implications of GST payments, interest, and Electronic Cash Ledger based on the Madras High Court's judgment in Eicher...
Goods and Services Tax : Explore the Kerala High Courts directive on rectification applications for wrongly claimed ITC under CGST and SGST instead of IGST...
Goods and Services Tax : Learn about the crucial time limits for claiming Input Tax Credit (ITC) under GST as per Section 16(4) of the CGST Act. Explore th...
Goods and Services Tax : Explore the Ministry of Finance latest report on GST revenue collection in October 2023. Discover detailed analysis, state-wise fi...
Goods and Services Tax : CGST Mumbai South Commissionerate arrests a fake GST invoice racketeer, uncovering a Rs. 263 Crore fraud involving Rs. 7.66 Crores...
Goods and Services Tax : I propose that the CGST Department consider the introduction of a mechanism to remit interest on un-utilized ITC. Much like the sy...
Goods and Services Tax : In July 2023, India's GST revenue collection reached ₹1,65,105 crore, marking an 11% YoY growth. Domestic transactions saw a 15%...
Goods and Services Tax : Requested to provide one-time amnesty by waiving-off the late fees under section 47 and penalty under section 125 of the CGST Act ...
Goods and Services Tax : Dive into the Veira Electronics case against the State of U.P. in Allahabad High Court. Explore the challenge to the Central Tax a...
Goods and Services Tax : Kerala High Court's recent case involving Divya S.R. under CGST and SGST Acts. The court directs consideration of a rectification ...
Corporate Law : Assessee had been a manufacturer of “Carbon Black” since 2009. During the process of manufacturing Carbon Black, a waste gas, ...
Goods and Services Tax : Calcutta High Court held that registered person is entitled to Input Tax Credit only if conditions prescribed u/s. 16(2) of the Ce...
Goods and Services Tax : Orissa High Court's significant decision remanding 245 GST appeals following the Ministry of Finance's recent Notification No.53/2...
Goods and Services Tax : Explore the implications of extending Notification No. 04/2024-CTs implementation timeline to 15th May, 2024. Analysis, insights, ...
Goods and Services Tax : Explore the latest amendment by the Ministry of Finance to the CGST Act, adding 411069 to Table II, Serial Number 83. Stay informe...
Goods and Services Tax : Explore the latest GST notification (04/2024) outlining a special procedure for manufacturers of specific goods. Learn about regis...
Goods and Services Tax : Explore the implications of Notification No. 03/2024-CT rescinding Notification No. 30/2023-CT. Learn how this change affects busi...
Goods and Services Tax : Ministry of Finance extends GSTR-9 and GSTR-9C filing deadline to January 10, 2024, for specific flood-affected districts in Tamil...
. In all 16 amendments have been proposed under the CGST Act, 2017 by virtue of clauses 116 to 131 of the Finance Bill, 2020. Parallel 2 amendments have been proposed under the IGST Act, 2017 by virtue of clauses 132 & 133 of the Finance Bill, 2020. Also parallel 4 amendments have been proposed under the UT GST Act, 2017 and one amendment has been proposed under the Compensation to States Act, 2017.
CBIC issues Notification No. 07/2019–Central Tax dated 3rd February, 2020 to prescribe due dates for filing of return in FORM GSTR-3B in a staggered manner for the months of January, 2020, February, 2020 and March, 2020. The last date for filing of GSTR-3B for the taxpayers having annual turnover of Rs 5 crore and above […]
Hon’ble FM Shrimati Nirmala Sitharaman has presented Budget 2020-21 on 1st February, 2020 and has carried out several changes in Goods & Services Tax which includes Amendment in Definition of Union Territory, Amendment of Conditions for Opting Composition Scheme, Amendment in Time Limit for Availing ITC in respect of Debit Notes, Amendment in provisions for […]
Central Goods and Services Tax Act, 2017 Updated till 28-01-2020 Chapter-I PRELIMINARY Sections 1. Short title, extent and commencement 2. Definitions 1. Short title, extent and commencement (1) This Act may be called the Central Goods and Services Tax Act, 2017. (2) It extends to the whole of India except the State of Jammu and […]
Government notifies Union territory of Dadra and Nagar Haveli and Daman and Diu Central Goods and Services Tax (Amendment) Regulation, 2020. It shall come into force on the 26th day of January, 2020. MINISTRY OF LAW AND JUSTICE (Legislative Department) New Delhi, the 24th January, 2020/Magha 4, 1941 (Saka) THE UNION TERRITORY OF DADRA AND […]
Form GST ASMT-10 is the notice issued under section 61 of CGST Act, 2017 read with Rule 99 of CGST Rules, 2017 for intimating discrepancies in GST returns filed by taxpayer and seeking explanation for same.
The Rule 36(4) of the CGST Rules has been inserted vide notification No. 49/2019, Central Tax dated 09-10-2019. Since after the introduction this has made a lot of hue and cry among the tax payers . Some problems of the tax payers are really genuine . Although the government has come up with the some […]
CBIC authorises following as Revisional Authority under section 108 of Central Goods and Services Tax Act, 2017 vide Notification No. 05/2020-Central Tax dated 13th January, 2020- (a) the Principal Commissioner or Commissioner of Central Tax for decisions or orders passed by the Additional or Joint Commissioner of Central Tax; and (b) the Additional or Joint […]
All the CGST Zones are required to make a list, GSTN-wise of fake credit availers and block their ITC under Rule 86A(1)(a) for the entities located in their jurisdiction. If, however, there are certain entities which are located outside their jurisdiction, they should forward a list of such availers along with GSTN No. to the local office of the Pr.ADG/ADG DGGI, with a request to block credit of such GSTN immediately.
Amongst the many questions and complications in respect of GST compliance which the people are facing, one of the basic and important conundrum is ‘Interest levy in case of delayed payment of GST – Whether to be charged on Gross or Net ??’
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