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 Bombay High Court held that GST deposited during investigation before adjudication could not be treated as voluntary payment. ...
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 : 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...
Notification No. 42/2023-Central Tax extends FORM GSTR-3B submission for April-July 2023 for businesses in Manipur. Dive deep into this amendment.
Due date for GSTR-1 for April-July 2023 extended for businesses in Manipur. Detailed insights into the Notification No. 41/2023-Central Tax amendments.
CGST Act 2017, has inserted a new rule of 86B and is effective from 01.01.2021. As per the rule, Taxable persons can use Electronic credit ledger for making payment of Outward Tax liability upto 99% of the outward tax. and 1% is compulsorily to be paid from Cash ledger. However this provision shall not be applicable in case […]
Let’s explore the GST on toys and sporting goods in more detail. Let’s quickly review what GST is and its significance before moving on to the tax rate on toys and sporting items.
Exploring the case of Karmaxx Infotech vs. Assistant Commissioner (ST) in the Madras High Court about GST registration cancellation and legal compliance.
Exports are a crucial component of economic growth and development of any country. They are catalyst in expansion of markets, diversify their economies, improve their balance of trade, and promote international cooperation. As such, countries that invest in developing their export capacity are likely to reap significant benefits in terms of economic growth and prosperity.
Explore insights drawn from Chandrayaan-3’s mission & apply them to GST practices, from addressing obstacles to adopting automation.
GSTN has developed and launched a mobile application (available on iOS and Android platforms) and also a web portal for Mera Bill Mera Adhikaar scheme.
CCI finds no evidence of profiteering by Friends Land Developers for Anandam Square project. CGST Act, 2017’s Anti-Profiteering provisions not violated.
Director General of Anti-Profiteering Vs ATS Township Pvt. Ltd. (CCI) Introduction: The Competition Commission of India (CCI) has recently concluded an investigation into allegations of profiteering against ATS Township Pvt. Ltd. The investigation, led by the Director General of Anti-Profiteering (DGAP), was conducted following directives from the National Anti-profiteering Authority (NAA). Detailed Analysis: 1. The […]
