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...
Dear Reader, this document is solely intended for the beginners of GST, this helps to have basic understanding of GST. I made this discussion as Question and Answer type. I had put all the basic questions possible and answered the same. Happy learning.
ASSESSMENT IN GST Type of Assessment under GST Self Assessment Provisional Assessment Scrutiny Assessment Summary Assessment in special cases Assessment of Non Filers of return Assessment of unregistered Dealer Self Assessment When Applicable:- Every registered person shall self assess the taxes payable and furnish a return. Provisional Assessment When Applicable:- In case the taxable person […]
Composition Levy – Section 10 of CGST Act- 1. The Composition Scheme for small businesses has been provided to help them with maintaining minimal compliance. 2. This Composition Scheme will make compliance with tax laws hassle free for eligible businesses opting for the scheme.
Transportation has very important role in civilization of human beings and the development of a country. Transportation of goods has a vital part in development of a business. Availability of raw material, packing material and plant and machinery from different part of the world and making the finished goods available to the customer in different […]
Article explains point of taxation under GST in case of Supply of Goods, Under Reverse Charge, Change In Rate When Service Provided Before Change In Effective Tax Rate, Change In Rate When Service Provided After Change In Effective Tax Rate but Invoice issued prior to change or received after change or when payment received before […]
This valuation rule relates to valuation of certain specific supplies particularly by taking power from Section 15 of CGST Act, 2017 and in this case the assessee has an option to opt to Rule 6 for valuation or he can resort to normal transaction value, as he deems fit. i.e this rule overrules the other rules and is optional to be opted by the assessee.
The emergence of GST and a switch from service tax and other indirect taxes has led to a great confusion in the country. With the implementation of GST hopefully from 1st July, 2017, service provide are still unable to conclude whether GST will be applicable to them or not.
कम्पोजीशन स्कीम में जो डीलर्स जाना चाहते है वे निम्नलिखित बातें विशेष और पर ध्यान रखें – -यदि उनके द्वारा किसी एक पेन पर जारी किसी भी रजिस्ट्रेशन सर्टिफिकेट के लिए वे यदि कम्पोजीशन डीलर नहीं हैं तो वे उसी राज्य में या देश में किसी अन्य राज्य में भी में वे कम्पोजीशन स्कीम का लाभ नहीं ले सकते हैं.
In the GST regime, all application for Registration has to be filed on line through the Common portal GSTN. Supporting documents are also scanned and uploaded through the Common Portal. The physical interface between Taxpayer and Tax officials is fully eliminated.
Advisory for migration- The GST common portal would reopen for migration on 25th June 2017. Assessees are required to complete the migration process before 30th September 2017. DG Systems is constantly compiling the provisional Id requests and sending them to GSTN for creation of Provisional IDs and pursuing with GSTN for resolution of problems faced […]
