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...
In re Shital Tukaram Borade (GST AAAR Maharashtra) AAAR set aside the Advance Ruling No. GST-ARA-95/2019-20/B-85 dated 02.11.2021, passed by the MAAR, and hold that the impugned services of the renting out of immovable properties provided by the Appellant to the Social Justice Department of the Government of Maharashtra will be exempt from the levy […]
In re Garhwal Mandal Vikas Nigam Limited (GST AAR Uttarakhand) (a) Whether the activities undertaken for implementing various construction /repair/ renovation/ addition/ alteration projects by GMVN Ltd. for Central Government, State Government, Local Authority or Governmental Authority the consideration for which is received in the form of grants amounts to supply under the provisions of […]
The applicant is not required to pay GST on RCM basis under section 5(3) of the IGST Act, 2017 on commission paid to the Overseas Commission Agent.
APRIL’22 + MAY 22 is GOING TO BE MOST IMPORTANT IT’S 1ST APRIL 2022. START OF NEW Financial Year. HOWEVER, COMPLIANCES OF FY 21-22 will conclude in APRIL/MAY-2022. It mandates for some activities to be carried out under GST laws / and Income Tax laws for smooth transition to Financial Year 2022-23. We have listed […]
CGST Commissionerate, Navi Mumbai has busted a fake ITC racket of Rs. 19.84 Crore and arrested the Director of M/s Fortune Global Trade Private Limited on 30th March 2022.
Notification No. 02/2022-Central Tax (Rate), Dated: 31.03.2022 – Seeks to provide for a concessional rate on intra state supply of bricks conditional to not availing the ITC , as recommended by 45th GST Council Meeting. MINISTRY OF FINANCE (Department of Revenue) New Delhi Notification No. 02/2022-Central Tax (Rate) | Dated: 31st March, 2022 G.S.R. 237(E).—In […]
Notification No. 01/2022-Central Tax (Rate), Dated: 31.03.2022 – Seeks to amend notification No. 1/2017-Central Tax (Rate) MINISTRY OF FINANCE (Department of Revenue) New Delhi, the 31st March, 2022 Notification No. 01/2022-Central Tax (Rate) G.S.R. 236(E).—In exercise of the powers conferred by sub-section (1) of section 9 of the Central Goods and Services Tax Act, 2017 […]
Notification No. 02/2022-Integrated Tax (Rate), Dated: 31.03.2022 -Seeks to provide for a concessional rate on inter state supply of bricks conditional to not availing the ITC , as recommended by 45th GST Council Meeting. MINISTRY OF FINANCE (Department of Revenue) New Delhi, the 31st March, 2022 Notification No. 02/2022-Integrated Tax (Rate) G.S.R. 239(E).—In exercise of […]
Notification No. 01/2022-Integrated Tax (Rate), Dated: 31.03.2022 – Seeks to amend notification No. 1/2017-Integrated Tax (Rate) MINISTRY OF FINANCE (Department of Revenue) New Delhi, the 31st March, 2022 Notification No. 01/2022-Integrated Tax (Rate) G.S.R. 238(E).—In exercise of the powers conferred by sub-section (1) of section 5 of the Integrated Goods and Services Tax Act, 2017 […]
Notification No. 02/2022-Union Territory Tax (Rate), Dated: 31.03.2022 – Seeks to provide for a concessional rate on intra state supply of bricks conditional to not availing the ITC, as recommended by 45th GST Council Meeting. MINISTRY OF FINANCE (Department of Revenue) New Delhi, the 31st March, 2022 Notification No. 02/2022-Union Territory Tax (Rate) G.S.R. 241(E).—In […]
