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...
Understand the implications of GST on YouTube ad revenue earned through Google AdSense. Learn about nature of supply, place of supply, and GST registration requirements
CCI discontinues anti-profiteering proceedings against Prasu Infrabuild. The firm had no other projects, negating possible profiteering violations.
Explore the analysis of the case between DGAP and Vishwanath Builders on application of anti-profiteering provisions under CGST Act, 2017.
CCI directs DGAP to reinvestigate Ireo Waterfront project for potential anti-profiteering. Learn about the intricacies of the ongoing investigation.
CCI directs DGAP to reinvestigate allegations against S.R. Lifesciences & suppliers for not passing on GST reduction benefit. Full details inside.
In the case of Director General of Anti-Profiteering Vs Omkar Realtors and Developers Pvt. Ltd, the Competition Commission of India (CCI) directed the Director General of Anti-Profiteering (DGAP) to conduct further investigations on two of Omkar Realtors’ projects.
Unraveling the complexities of GST on Transferable Development Rights (TDR). Delve into the distinctions between Transferable Development Rights and Transfer of Development Rights. Explore the taxability of TDR under the GST Act, analyzing its classification as goods or services. Understand the nuances of Schedule III, determining if TDR falls under the negative list. Conclude by deciphering the taxability of the Transfer of Development Rights as a ‘Construction Service under the GST Act. Stay informed to navigate the intricacies of GST on TDR effectively.
Stay informed about the crucial GST notifications (Central Tax) issued on 31st July 2023, covering amendments, special procedures, exemptions, and more. Summarized provisions include commencement dates, manual appeal procedures, special processes for manufacturers, and updates on GSTR-9 filing exemptions. Understand changes in Section 158A, conditions for unregistered persons in E-Commerce, and the appointment of a common adjudicating authority. Keep abreast of the latest updates for seamless compliance.
HC held that loan facility availed by a credit card holder, where being a credit card holder is a condition for eligibility, is not considered a credit card service. Instead, it is treated as a standard loan which is exempt under GST. Directed the bank to refund the GST collected from the assessee.
Stay informed about the latest clarifications in GST, including updates on tax rates, GST evasion cases, mandatory e-invoicing, and new IRPs. Learn about changes affecting businesses and taxpayers.
