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 Shiv Flour Mill (GST AAR West Bengal) Whether the supply of service provided by the applicant to Food & Supplies Department, Govt. of West Bengal by way of milling of food grains into flour for distribution of such flour under Public Distribution System is eligible for exemption under entry No. 3A of Notification […]
CBIC amends Notification No.11/2017- Union Territory Tax (Rate), dated 28th June, 2017 related to UTGST Rate on Services wef 01.01.2022 vide Notification No. 22/2021-Union Territory Tax (Rate) Dated: 31st December, 2021. MINISTRY OF FINANCE (Department of Revenue) New Delhi, the 31st December, 2021 Notification No. 22/2021-Union Territory Tax (Rate) G.S.R. 925(E).—In exercise of the powers […]
CBIC amends Notification No. 8/2017-Integrated Tax (Rate) | Dated: 28th June, 2017 related to IGST Rate on Services wef 01.01.2022 vide Notification No. 22/2021-Integrated Tax (Rate) Dated: 31st December, 2021. MINISTRY OF FINANCE (Department of Revenue) New Delhi, the 31st December, 2021 Notification No. 22/2021-Integrated Tax (Rate) G.S.R. 924(E).—In exercise of the powers conferred by […]
CBIC amends Notification No. 11/2017 – Central Tax (Rate), dated the 28th June, 2017 related to CGST Rate on Services wef 01.01.2022 vide Notification No. 22/2021-Central Tax (Rate) Dated: 31st December, 2021. MINISTRY OF FINANCE (Department of Revenue) New Delhi, the 31st December, 2021 Notification No. 22/2021-Central Tax (Rate) G.S.R. 923(E).—In exercise of the powers conferred […]
Notification No. 21/2021-Union Territory Tax (Rate) | Dated 31st December, 2021 Government removed Entry No. 225 of Notification No.1/2017-Union Territory Tax (Rate), dated the 28th June, 2017 in UTGST ‘Schedule I –2.5%‘ by which Footwear were Taxed at the Rate of 5% (2.5% UTGST+2.50 % CGST) for Footwear of sale value not exceeding Rs.1000 per pair. […]
Notification No. 21/2021-Integrated Tax (Rate) | Dated 31st December, 2021 Government removed Entry No. 225 of Notification No.1/2017-Integrated Tax (Rate), dated the 28th June, 2017 in IGST ‘Schedule I –5%‘ by which Footwear were Taxed at the IGST Rate of 5% for Footwear of sale value not exceeding Rs.1000 per pair. Government has now inserted New […]
Notification No. 21/2021-Central Tax (Rate)| Dated 31st December, 2021 Government removed Entry No. 225 of Notification No.01/2017- Central Tax (Rate), dated the 28th June, 2017 in CGST ‘Schedule I –2.5%‘ by which Footwear were Taxed at the Rate of 5% (2.5% CGST + 2.50% SGST) for Footwear of sale value not exceeding Rs.1000 per pair. Government […]
अगर हम जीएसटी मे होने वाले बदलावों की बात करे तो इनका नाता 1 जनवरी की तारीख से विशेष रहा है। सरकार हर वर्ष नए साल की शुरुवात की तारीख से ही बहुत से बदलावों को लागू करती है और यह सिलसिला पिछले कुछ वर्षों से लगातार चला आ रहा है। अब तो ऐसा लगता है की मानो सरकार इन बदलावों के माध्यम से करदाताओं को हर साल नववर्ष का तोहफा दे रही है। इसी क्रम मे साल 2022 भी अपवाद नहीं है
Notification No. 40/2021 – Central Tax Dated. 29th December 2021 1. Rule 36(4) has been substituted to provide ITC shall not be available to the registered person unless such invoice and debit note has been reflected in GSTR 2B of said person. 2. The due date for GSTR 9 as well as for GSTR 9C […]
Many Important Changes in GST has been effective from 1st January 2022. In this article Author have tried to cover changes vide Notification No. 14/2021-Central Tax) & Notification No. 15/2021-Central Tax dated 18th November 2021 and also change in following provisions- ♦ Provisions as Proposed in Section 108 | 109 | 113 to 122 of Finance […]
