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 Uttarakhand High Court held that scheduling a personal hearing before the expiry of the time granted for filing a reply violat...
Goods and Services Tax : The Court set aside a GST demand order after finding that the personal hearing was scheduled before the last date for filing a rep...
Goods and Services Tax : Saurabh Kumar Gupta Vs Union of India (Allahabad High Court) The Allahabad High Court dismissed the writ petition challenging the ...
Goods and Services Tax : The Court restrained coercive recovery proceedings after noting allegations that the adjudication order relied heavily on witness ...
Goods and Services Tax : The Court held that a taxpayer who does not respond to a show cause notice cannot later invoke writ jurisdiction alleging procedur...
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...
With the objective of ensuring smooth rollout of GST and taking into account the feedback received from the trade and industry regarding the provisions of deduction of tax at Source under Section 51 of the CGST / SGST Act 2017 and collection of tax at source under Section 52 of the CGST / SGST Act 2017, the following has been decided :-
10th : File GSTR 1 : 10th of the next month 15th : File GSTR 2 : 15th of the next month 20th: File GSTR 3 : 20th of the next month 18th : File GSTR 4 : 18th of the month next to quarter 20th : File GSTR 5 : 20th of the next […]
Job work means undertaking of any treatment or process, by a person on goods belonging to another registered taxable person. The person who is treating or processing the goods, belonging to other person, is called ‘job worker’ and the person to whom the goods belongs is called principal.
Goods and Services Tax is a new system of taxation in which legal formalities for compliance of law are such that a normal registered person has to file monthly return and one annual return at least. The monthly return that is to be filed under GST is also in three different parts, i.e. on three different dates in a month
First of all I would like to thanks all the readers who read my article related with GST Knowledge transition provision. Since from 1st july GST implemented all over India excluding jamu & kasmir.
The Goods and Service Tax has been one of the key things that has caught attention of the market given its implications. Today, India is on the verge of making one of its biggest tax reforms since independence. The most awaited Goods and Service Tax (“GST”) is set to be implemented from 1st July, 2017.
Arjuna, up to 30 June there are VAT, Excise, Service Tax laws but from 1st July GST will be implemented so what about the stock as on 30th June is the biggest question which everybody facing and it has created confusion among many.
HSN code of Goods and Services supplied.(Though it is not mandatory for a supply of goods of a turnover less than 1.5 crores, However it is advisable to mention to keep classified stocks for better management of business and to avoid wrath of notice of babus after their visits to the business premises.
The first two digits represent the State in the Country where such registration is allowed. As an illustration in terms of the Indian Census 2011 the unique two digit code of 09 has been allotted for the State of Uttar Pradesh while “27” has been allotted for the State of Maharashtra, so on and so forth.
Time of Supply In case of goods General Provision The time of supply shall be earliest of following: Date of issue of invoice or last date upto which notice required to issue or Date on which payment receive by supplier Notes: 1. Date on payment received by supplier shall be earliest of following= Date of […]
