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 guide explains that GST registration certificates are available only through the GST Portal and must be downloaded manually. I...
Goods and Services Tax : From 22 September 2025, accommodation below ₹7,500 per day attracts 5% GST without ITC instead of 12%. The change aims to reduce...
Fema / RBI : The article explains RBI’s decision to reduce the export proceeds realization period from 15 months to 9 months and its impact o...
Goods and Services Tax : This guide explains the fundamentals of GST, including CGST, SGST, IGST, and UTGST. It also highlights how these classifications i...
CA, CS, CMA : GST disputes are increasing, creating substantial opportunities for Chartered Accountants in audits, adjudication, appeals, and ta...
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 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 : The Court observed that the documents produced indicated a sale of immovable property, which is not subject to GST. The matter was...
Goods and Services Tax : The Madras High Court remitted Section 74A GST orders for fresh adjudication after taxpayers argued that their replies to DRC-01 n...
Goods and Services Tax : The Madras High Court held that GST authorities cannot issue a single show cause notice covering multiple financial years. The Cou...
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...
In all interactions with Trade Industry and general public, it should be clearly indicated by officers at all levels that the target date of implementation is 1st July, 2017 only, and the implementation of this big reform will not be deferred beyond this date. Any speculation in any quarters regarding deferment or implementation date should be quelled effectively.
मान लीजिये बाकी सभी जी.एस.टी. से जुडी प्रक्रियाओं के लिए तो आपको समय मिल जाएगा लेकिन 1 जुलाई 2017 को ज्यों ही आप अपने व्यवसाय स्थल पर पहुचेंगे तो आपका जो पहला ग्राहक आपसे माल खरीदेगा उसे जी.एस.टी. से जुडी पहली प्रक्रिया के रूप में आपको एक बिल काटना होगा तो आइये बात करें कि जी.एस.टी. के दौरान पहली प्रक्रिया के रूप में आप टैक्स इनवॉइस या बिल किस तरह से काटेंगे .
Seven points, why Input Tax credit availed in one state cannot be utilized for payment of CGST/SGST/IGST liability of other state of the registered person under same PAN. The different view has comes and also there is huge confusion about the utilization of Input tax credit, outside the state. The act has not clearly provide about that whether credit availed in one state can be utilized against the liability in other state of the registered person under same PAN.
Articles Updates on changes in GST, Excise, Service Tax, Customs & VAT for the Month of May 2017 and is updated upto 4th June 2017.
Government has started an initiative of replying queries on GST at its officials Twitter handle @askGST_GoI from 28.05.2017. In this Article we have compiled such Question and answers on GST from 28.05.2017 to 05.06.2017. We do not verify the correctness of such Answers.
1. Interest for not making Payment to Supplier The recipient of supplies, needs to make payment for supply along with GST before 180 days from the date of Invoice, other-wise, the GST (of which he had availed credit) shall be added in the output tax liability of the recipient. Not only the output tax liability, […]
There are various cases under GST where input tax credit can be availed, few among them are treated as special cases where input tax credit can be availed under GST.
As per the Model GST Law, GST will subsume Countervailing Duty (CVD) and Special Additional Duty (SAD), however, Basic Customs Duty will continue to do its round in the import bills. BCD has been kept outside the purview of GST and will be charged as per the current law only.
Attention! All graduates and aspiring finance professionals; fasten your seat belts as GST unlocks a whole new world of opportunities; but are you prepared to grab it and excel your career?
Who is distinct person? – As per CGST ACT -Section 22(1) provides that every supplier shall be liable to be registered under this Act in the State or Union territory from where he makes a taxable supply of goods or services or both, if his aggregate turnover in a financial year exceeds Rs. 20 lakhs (10 lakhs for specified states):
