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...
As per the existing Rules under GST construction and sale of flats/ residential villas for which effective GST @ 1% & 5% is applicable for affordable residential units and others respectively.
The paper aims to critically analyze CBIC Guidelines with reference to Section 159 of the CGST Act and the probable arbitrary use of power by tax-officers, the paper further highlights constitutional provisions to discern the arbitrary nature of the provision. The paper also aims to provide an analysis of the implications of Section 159 on ease of doing business and corporate governance.
Explore the implications of Input Tax Credit (ITC) on CGST and SGST paid in states where a registered person is not located. Learn through a real-world example and a relevant case ruling. Understand the destination-based nature of GST and how it impacts ITC eligibility. Gain insights into the Storm Communications Private Limited case to navigate the complexities of claiming CGST in a different state. Delve into the nuances of GST regulations for a comprehensive understanding.
Gain insights into the Reverse Charge Mechanism (RCM) implications on renting motor vehicles under GST. Understand the definition of motor vehicles, recent amendments to notifications, and the nuances of RCM in the context of renting motor vehicles designed for passenger use. Explore the flowchart illustrating the complexities of these transactions and address common questions on GST rates, registration requirements, and more.
Explore the highlights and impacts of the 48th GST Council meeting held virtually on December 17, 2022. Delve into key recommendations, including the reduction of GST on biofuel, clarifications on RuPay transactions, and the groundbreaking move to decriminalize certain GST offences. Uncover missed discussions on crucial issues, such as the establishment of an Appellate Tribunal and the tax rates on new technologies and products. Stay informed on the evolving landscape of GST regulations and reforms for businesses and consumers alike.
GST has made the tax return filing procedure simple by merging the information about the products and services of the sellers and customers under one head. The GST Council and the Finance Ministry developed the GSTN (Goods and Services Tax Network), a system where taxpayers are required to record all information on invoices, purchases, sales, dates, and locations. This provides a convenient platform for GST-registered taxpayers to connect and file the GST return form, claim ITC, and so on.
Advanced Analytics in Indirect Taxation (ADVAIT) has become the foremost arrow in our quiver of analytical tools. The Directorate General of Systems and Data Management has been consistently engaging with field formations to understand their requirements and to encourage the use of the tool.
Graziano Transmission India Private Limited Vs State of Gujarat (Gujarat High Court) Section 75(4) of the CGST Act, 2017 provides that an opportunity of hearing is to be provided where a request is received in writing from the person chargeable with tax or penalty or where any adverse decision is contemplated against such person. The […]
Interim relief in terms of deposit of fine in lieu of confiscation of vehicle being Rs. 2,50,062/- with penalty of Rs. 5,00,124/- under Section 129(1a) which included 200% of the tax amount and bond value against the release of the goods to the tune of Rs. 13,89,224/- as per GST MOV-10 should be furnished by assessee for release of the goods detained/ seized under that Section and no coercive steps or further order under Section 130 should be passed
Government has now made changes in the applicable Rules related to refund to consumers/ unregistered persons for cancelled contracts and where the time limit for making any changes by the supplier of service has expired.
