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...
भारत सरकार द्वारा, GST में फिर 18.07.22 से कुछ महत्वपूर्ण बदलाव किये गए है, जिसमें से एक बहुत ही महत्वपूर्ण बदलाव के बारे में बताना चाहता हूँ, जैसा की अभी तक आवासीय किराये को GST के दायरे से बहार रखा गया था ,परन्तु नोटिफिकेशन 05/2022 (सेंटर टैक्स रेट) दिनांक 13.07.22 द्वारा अब आवासीय किराये को […]
Confederation of All India Traders (CAIT) has requested Minister of Commerce and Industry, Shri Piyush Goyal for strict action against LOTS Whole Solutions owned by SIAM Makro Public Company Limited for blatantly violating the FDI Policy. Confederation of All India Traders “Vyapar Bhawan 925/1, Naiwala, Karol Bagh, New Delhi- 110005. phone: +91-11-45032664, Telefax: +91-11-45032664′ Email: teamcait@gmail.com Website: […]
1. The Government vide Notification No. 14/2022 – Central Tax dated 05th July, 2022 has notified few changes in Table 4 of Form GSTR-3B requiring taxpayers to report information on ITC correctly availed, reversal thereof and declaring ineligible ITC in Table 4 of GSTR-3B. The detailed Notification can be viewed by clicking here 2. The […]
In this article, I am putting forward my considered view about applicability of levy on rent payable by a Registered person arising out of Notification No 05/2022 dated July 13,2022 which has been made applicable from July 18, 2022
Explore the impact of recent GST rate changes with insights on determining tax liability under new rates. Understand the nuances of time of supply for goods and services, considering scenarios before and after the change. Gain clarity on invoicing and payment timelines, ensuring compliance with the latest notifications from CBIC. Read on to navigate the complexities of GST rate adjustments.
Sh. Arnav Datta Vs Prescon Realtors and Infrastructure Pvt. Ltd. (NAA) It has been revealed from the DGAP’s Report that the ITC as a percentage of the turnover that was available to the Respondent during the pre-GST period (April, 2016 to June, 2017) was 1.43% and during the post-GST period (July, 2017 to September, 2019), […]
Explore the nuances of demand and penalty applicability for transactions involving fake invoices under GST. Gain insights from Circular no. 171/03/2022-GST, issued by CBIC on July 6, 2022, providing clarity on issues related to fake invoices. Delve into a practical example to understand the liabilities of the issuer, recipient, and consequences for wrongful utilization of input tax credit.
Explore the analysis of the landmark Supreme Court case Union of India Vs Mohit Minerals Pvt. Ltd. (Civil Appeal No. 1390/2022). Delve into the implications of notifications challenging the levy of integrated tax on the supply of transport services on imported goods under CIF contracts. Understand the court’s findings on excessive delegation, charging section, taxable event, application of S.5(4) of IGST Act, and issues related to composite supply and double taxation.
I am trying to explain that, if an unregistered person has taken residential (Dwelling) property from unregistered person and how to discharge and under what head of account to be mentioned on RCM invoice by TENANT.
In this article conditions for filing of appeal for the period prior and after 15-04-2017 have been discussed with specific reference to recent judgment of Bombay High Court in the case of M/s United Projects.
