Understand the Goods and Services Tax (GST) and its impact on businesses. Learn about GST rates, compliance requirements, and its role in simplifying taxation. Stay updated with the latest GST news and updates.
Goods and Services Tax : This article explains the composition levy scheme under Section 10 of the CGST Act, including eligibility, tax rates, compliance o...
Goods and Services Tax : The article explains how GST composition scheme, exemption rules, and time of supply provisions work in practice. It highlights co...
Goods and Services Tax : The GST Invoice Management System (IMS) promises stronger ITC reconciliation, fraud prevention, and invoice-level transparency. Ho...
CA, CS, CMA : The article summarizes important notifications, circulars, judicial rulings, and regulatory changes issued between 11–17 May 202...
Goods and Services Tax : The article examines how denying ITC to genuine buyers due to supplier tax default creates constitutional and commercial concerns ...
Goods and Services Tax : Representation addressed to Union Finance Minister, GST Council and CBIC seeks legislative and administrative relief for bona fide...
Goods and Services Tax : Authorities uncovered fraudulent ITC claims based on fake invoices without actual supply of goods or services. The accused was arr...
Goods and Services Tax : The representation highlights ambiguity in whether the ₹2.5 crore ITC threshold should be annual or cumulative. It emphasizes th...
Goods and Services Tax : Authorities arrested the key accused for orchestrating fake ITC claims and fictitious export transactions. The case highlights str...
Goods and Services Tax : Authorities uncovered fraudulent ITC claims exceeding ₹8 crore without actual supply of goods. The ruling highlights that ITC is...
Goods and Services Tax : The Calcutta High Court set aside cancellation of GST registration for non-filing of returns, observing that preventing business o...
Goods and Services Tax : Punjab and Haryana High Court granted regular bail to an accused linked to alleged fake GST billing and forged documents. The Cour...
Goods and Services Tax : Gujarat High Court upheld confiscation proceedings under Section 130 after noting that goods were transported without an e-way bil...
Goods and Services Tax : The Andhra Pradesh High Court held that GST recovery proceedings under Section 79 can be initiated against a bank after an assessm...
Goods and Services Tax : The Allahabad High Court considered a challenge to amended CGST provisions restricting ITC despite valid invoices and payment of t...
Goods and Services Tax : GSTN has launched a standardized Annexure-B Offline Utility for refund applications involving accumulated ITC to enable automated ...
Goods and Services Tax : The GST Appellate Tribunal issued a detailed order constituting benches across India and classifying GST disputes into three categ...
Goods and Services Tax : The Principal Bench of GSTAT instructed scrutiny officers not to raise defects where appellants upload required soft copy document...
Goods and Services Tax : The Central Government amended Notification No. 14/2018-UT Tax by replacing officials listed against Serial No. 2. The notificatio...
Goods and Services Tax : The Central Government has authorized the GSTAT Principal Bench, New Delhi, to hear appeals under Section 101B of the CGST Act. Th...
Demystify Electronic Credit Reversal and Reclaimed Statement (ECRRS) in GST compliance with this comprehensive guide. Explore 10 key points covering mechanisms, conditions, and reporting nuances. Learn to track ITC temporary reversals, reclaim reversals from earlier tax periods, report in 4D(1), avoid excess claims, and calculate aggregate ITC. Understand opening balance reporting for monthly and quarterly filers, permissible amendments, and ECRRS ledger components. Master ECRRS for accurate and seamless GST compliance. Stay informed, stay compliant
Explore GSTR-3B Part 4, decoding Table 4 for Eligible ITC. Learn to fill details for import, reverse charge, and reclaimable ITC. A lucid guide for seamless compliance.
Kerala High Court held that denial of input tax credit merely on the ground of difference between Form GSTR -2A and Form GSTR-3B for tax period 2017-2018 unsustainable. The matter is remitted back to the Assessing Authority to reconsider claim of ITC irrespective of Form GSTR 2A
HC held that, demand of interest and penalty is not tenable when credit erroneously availed is reversed and such credit is not utilized
GST Provisions Applicable to Special Economic Zone (SEZ) Units: Get insights from SEZ Act, 2005 regarding SEZs & Free Trade & Warehousing Zones.
Stay compliant with CGST Rules! Understand the mandatory electronic portal obligations for serving notices and uploading orders. Learn the impacts and consequences
Haryana GST Section 148 notification: a special appeal process for appeal delays against demand orders until March 31, 2023. Eligibility, conditions & proceedings explained.
CGST Delhi East uncovers a syndicate of 48 fraudulent firms, involved in a ₹199 crore ITC scam. 3 arrests made in ‘Operation Clean Sweep.’
The Honble High Court of Punjab and Haryana at Chandigarh. The petitioner is a dealer in textiles registered with the State Authorities. It availed input tax credit. Input tax credit was sought to be denied on the allegation that the supplier is non-genuine tax payer at bogus entities.
Jharkhand High Court in the case of Aditya Medisales Ltd. v. State of Jharkhand allowed writ application for disapproving recovery notice. Transitional Credit cannot be disallowed just by a summary of Show Cause Notice.
