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 : The article argues that Rule 14A creates a compliance trap by restricting taxpayers from reporting actual liabilities after crossi...
Goods and Services Tax : The article examines how NGTP classifications are increasingly being used as standalone grounds for ITC blockage and fraud proceed...
Goods and Services Tax : Missing GST return deadlines triggers late fees under Section 47 and interest under Section 50, both calculated separately. Unders...
Goods and Services Tax : The Court reaffirmed that taxpayers are entitled to due process before coercive recovery measures are initiated. Recovery actions ...
Goods and Services Tax : The guide explains that GST registration certificates are available only through the GST Portal and must be downloaded manually. I...
Goods and Services Tax : Haryana recorded the highest State GST growth rate in India at 22% in May 2026. The achievement is attributed to strong tax admini...
Goods and Services Tax : Practitioners are reportedly following different methods while completing GSTAT appeal forms because of inadequate guidance. The r...
Goods and Services Tax : The certificate clarifies that dealing and investment in securities are outside the scope of GST. Companies engaged solely in secu...
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 Telangana High Court granted interim protection against coercive GST recovery proceedings until the GST Appellate Tribunal bec...
Goods and Services Tax : The Telangana High Court permitted the taxpayer to withdraw the writ petition challenging a GST demand order and pursue the statut...
Goods and Services Tax : The Telangana High Court permitted manual filing of a revocation application even after dismissal of a delayed appeal against GST ...
Goods and Services Tax : The Gauhati High Court directed authorities to consider restoration of GST registration after the taxpayer filed pending returns a...
Goods and Services Tax : The Tribunal held that procurement strategy, supplier oversight, and sourcing support formed part of a substantive procurement ser...
Goods and Services Tax : GSTN has postponed the implementation of mandatory "Ship To GSTIN" capture and voluntary E-Way Bill closure to 1 August 2026. The ...
Corporate Law : The 2026 amendments significantly expand disclosure requirements for operational creditors and corporate applicants. The changes a...
Goods and Services Tax : Gross GST collections reached ₹1.94 lakh crore in May 2026, registering 3.2% growth. The increase was driven largely by a 19.1% ...
Goods and Services Tax : The West Bengal GST Department ruled that intra-State movement of goods related to job work remains exempt from e-way bill generat...
Goods and Services Tax : GSTN has announced mandatory capture of Ship-To GSTIN in Bill-To/Ship-To transactions under the EWB system. The change aims to imp...
It is important to note that exemptions have been given on import of only those items whose availability are not in adequate quantity in India, therefore, one may find masks, sanitizers, PPE kits, oximeter, thermometer, Test kit, etc. not been exempted from these taxes.
GSTR-9 : Annual return for the regular tax payer (Due Date – 31st December of next F.Y.) Before going to file the GSTR-9 annual return, we should have several data ready with us to provide in the annual return. 1. List of tax invoices (Taxable, Exempted & Non- GST Supplies) issued during the period in […]
Who are not required to file GSTR-9 and GSTR-9C? Following person are not required to file GST Annual Return (GSTR-9) and GST Audit (GSTR 9C)- -Input Service Distributor -Tax deductor -Tax collector -Casual taxable person -Non-resident taxable person -Person supplying OIDAR service from Place outside India [Notification No 30/2019 Central Tax Non Rate] -Foreign Airlines […]
Ministry of Finance Government of India Recommendation of 43rd GST Council Meeting GST Amnesty Scheme to provide relief to the GST Taxpayers 1. Late fee for non-furnishing of returns in FORM GSTR-3B for the tax periods from July, 2017 to April, 2021 has been reduced as under : Category of Taxpayers Maximum amount of Late […]
Section 35 of CGST Act 2017 has been amended and thereby Annual Return to be reconciled with books of accounts in Form GSTR-9C is required to be self-certified even for the year 2020-21. Therefore, State and Central GST Officers have already equipped with conducting GST Audit and started extensive training to their officers including publishing […]
Due to current system in place it is not possible to file the returns pertaining to such unregistered period till the registration is made effective for such period on system.
The 43rd GST Council meeting under the Chairmanship of Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman via video conferencing on Friday, 28th day of May, 2021 via video conferencing in New Delhi to discuss various matters which includes, GST Amnesty Scheme, Relaxation in Returns Filings, exemption on GST for hand sanitisers, face masks, […]
GST Council held its 43rd meeting on 28th May 2021 and in this meeting GST Council recommended various changes relating to change in GST rates and changes related to GST law and procedures but in this article we will discuss amnesty scheme for GSTR-3B, rationalization of late fee and waiver of late fee for the […]
As all of you knew, since inception of Goods and Service Tax regime, many amendments / alteration has been done by Govt. Memorizing of all Chapters, Sections, forms is a big challenge. Some point of time it make you irritated, and you doubt your capability, I have below tips / techniques to help you in […]
As per section 9 of the MMDR Act 1957, the holder of a mining lease granted before or after the commencement of this Act shall pay royalty in respect of any minerals removed or consumed from the leased area. Various activities of mining were earlier chargeable to service tax.
