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...
Read about the recent judgment by the Delhi High Court in the case of Advance Systems vs. Commissioner of Central Excise and CGST, where the court ruled that once an appeal has been successful before the appellate authority, no fresh refund applications are required.
Andhra Pradesh High Court held that initiation of demand of tax u/s 74 may be either section 61 (scrutiny of returns) or section 65 (audit by tax authorities) or some other fact. Mere scrutiny of return not mandatory for initiation of demand of tax u/s 74.
There are discrepancies between the Invoice Value and value in the shipping bill/bill of export and hence required clarity on which one should be adopted as export value for the purpose of refund.
GST Council meetings hit the half-century on 11 July 2023. Various recommendations were made in the 50th GST Council meeting to streamline and enhance the existing procedures and practices. In this regard, this article highlights the various recommendations of the council concerning proposed measures to streamline GST compliance.
Unravel the Penalty Puzzle under GST: Section 122 or 73/74? Dive into the debate over penalty imposition for non-payment, short-payment, and offenses. Understand the divided interpretations, implications, and the legislative intent. Stay informed to navigate GST complexities.
Central Government extends the amnesty for GSTR-10 non-filers till August 2023 vide Notification No. 26/2023 – Central Tax Dated: 17th July, 2023
The amnesty for GSTR-9 non-filers has been extended until August 2023 vide Notification No. 25/2023- Central Tax Dated: 17th July, 2023
Understand the provisions and tax liability on composite and mixed supplies under GST as per the CGST Act, 2017. Learn how to classify composite and mixed supplies and determine the applicable tax rates.
Amnesty scheme for deemed withdrawal of assessment orders under Section 62 of CGST Act has been extended till August 2023 by Notification No. 24/2023- Central Tax Dated: 17th July, 2023
CBIC extended deadline for application to revoke GST registration cancellations till August 2023 vide Notification No. 23/2023- Central Tax Dated: 17th July, 2023
