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 Rajasthan High Court held that a taxpayer who defaults in filing GST returns in one State cannot obtain fresh registration in ...
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 : 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...
This edition brings to apprise with the decisions taken in the 43rd GST Council Meeting held via video conferencing on 28th May, 2021 after a gap of 7 months. The meeting is attended by the 5 new debut entries of 4 new Finance Ministers of Assam, Bihar (Shri Tarkishor Prasad succeeding Shri Sushil Modi), Kerala (Shri KN Balagopal replacing Shri TM Thomas Issac) and Tamil Nadu while 1 as Chief Minister of Puducherry.
This article is penned to give an insight about the most common query among the GST dealer and who are operating through E-Market place in the area of branch transfer (Transfer of stock made to a branch which is outside India). Typically, this scenario arises when you have to keep your stock in a warehouse […]
Highlights of recommendations of 43rd meeting of GST Council held on May 28, 2021 The 43rd meeting of GST Council held under the Chairmanship of Union Minister of Finance & Corporate Affairs Smt. Nirmala Sitharaman through video conferencing on May 28, 2021. The meeting was also attended by Union Minister of State for Finance & […]
43rd Gst Council Meeting on 28.05.2021 GIST OF DUE DATES OF GST COMPLIANCES For Turnover AATO upto Rs. 5 crores but filing monthly 3Bs Tax period Original Due Date Upto Next 15 days Upto Next 45 days After 60 days of original due date March 2021 QRMP Jan-Mar 2021 20.04.2021 05.05.2021 19.06.2021 — Interest Nil Nil […]
Summary of Key Decisions/Changes Made at 43rd GST Council Meeting held on 28th May 2021 GST Council has taken some necessary decisions in this 43rd Meeting. Though nothing about inverted tax structure has been amended in this meeting, but a lot of representations from different trade associations has been considered. The Key highlights of the […]
1.0 Background of 43rd GST Council Meet: – The GST Council has last met on 5th October, 2020, it had been more than half year that GST Council has met to discuss the trade facilitation measures on account of 2nd wave of COVID – 19. The 43rd GST Council meeting was highly requested from trade […]
Analysis of Recommendations of 43rd GST Council Meeting Held on 28th May 2021 A. ANNUAL RETURN FOR FINANCIAL YEAR 2020-21: The following changes will apply for Annual Return for FY 2020-21: a. The filing of annual return in FORM GSTR-9 / 9A to be optional for taxpayers having aggregate annual turnover upto Rs 2 Crore; […]
On 28th May’2021, Friday GST council’s 43rd meeting took place which was long due from February ’2021. So, after a gap of about 7 months (last held in Oct’20) finally the meeting took place. In the meeting finance minister Mrs. Nirmala sitharaman also announced about “Amnesty scheme” along with few other things. There were lot […]
43rd GST Council meeting outcome : 8 Key highlights dated 28th May, 2021 The 43rd GST Council met under the Chairmanship of Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman via video conferencing today i.e. 28th day of May, 2021 via video conferencing in New Delhi. Union minister of state (MoS) for finance Anurag […]
In pursuance of the decision of the GST Council at its 43rd meeting on 28 May 2021, a Group of Ministers (GOM) has been constituted to examine the issue of GST concessions/ exemption to COVID relief material. The Group of Ministers (GoM) to decide on GST rates for Covid-related relief material has been formed. The […]
