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...
AAR held that the administration of COVID – 19 vaccine is not an exempted supply as it is not covered under the definition of ‘healthcare services’. Further held that, it is a composite supply wherein the principal supply is the ‘sale of vaccine’ and the ancillary supply is the service of ‘administering of vaccine’ and liable to GST.
In re Deccan Transcon Leasing Private Limited (GST AAAR Telangana) Is GST liable to be paid on leasing of Tank Containers taken from a supplier located outside India and the tank containers do not reach India ? Yes, The applicant is liable to pay IGST on Importation of lease services into India in the light […]
In re Allied Blenders and Distillers Private Limited (GST AAAR Telangana) Issue in brief is that the applicant is engaged in manufacture of alcohol. In the process of manufacturing alcohol, certain by products emerge viz., distillery dry gain soluble (DDGS) and distillery wet rain soluble (DWGS). It was the contention of the applicant that these […]
In re Avantika Contracts (I) Limited (GST AAAR Telangana) Q1. Whether the construction of Institute of Security and Law Enforcement studies at Addu City in Maldives, constructed for Government of Maldives under an Memorandum of Understanding between India and Maldives falls within the GST net? A1. Yes, the supply is within the ambit of GST. Q2. […]
In re Satya Dev Bommireddy (GST AAAR Telangana) The Authority for Advance Ruling passed its order and denied the Input Tax Credit on services of purchase of under construction commercial property received by the appellant for utilizing the same for payment of GST on supply of output service i.e., lease of immovable property. Further the […]
A swan is indeed a remarkable creature. Despite their graceful and peaceful nature, swans are also powerful and strong. The serenity and fluidity of their movement on water is powered by consistent and silent hard work under the surface. It is for these qualities that a swan, named Officer Hans, was chosen as a mascot for Indian Customs as part of the celebrations of 60 years of the Customs Act.
४८ वीं जीएसटी काउंसिल मीटिंग निकली बेनतीजा मीटिंग शुरू होने से पहले हितधारकों को काफी उम्मीदें थीं कि सरकार का राजस्व हर महीने १.५० लाख करोड़ रुपए के आसपास हो रहा है तो शायद कुछ रियायतें या सरलीकरण के फैसले हो, जैसे: १. विभिन्न सामग्री और उत्पादों में कर की दरों में तर्कसंगता पर निर्णय […]
Explore the key proposals from the 48th GST Council Meeting held on December 17, 2022. Learn about changes in tax rates, measures for trade facilitation, and streamlining compliance in GST. Stay updated on the latest developments for better implementation of GST laws.
Over the past 5 years, the GST Council through its various meetings have furthered the cause of co-operative federalism by addressing a number of GST related issues through dialogue. During this period tax related issues pertaining to Central levy and States levy were treated uniformly and resolutions were agreed upon only after extensive deliberations and discourse amongst the members.
48th Meeting of the GST Council – 17th December, 2022 Union Finance Minister Smt. Nirmala Sitharaman chairs 48th Meeting of the GST Council via virtual mode in New Delhi GST Council recommends to decriminalise certain offences u/s 132, increase in threshold of amount of tax for prosecution and reduction in amount of compounding in GST […]
