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 : This article explains the composition levy scheme under Section 10 of the CGST Act, including eligibility, tax rates, compliance o...
Goods and Services Tax : The article explains how GST composition scheme, exemption rules, and time of supply provisions work in practice. It highlights co...
Goods and Services Tax : The GST Invoice Management System (IMS) promises stronger ITC reconciliation, fraud prevention, and invoice-level transparency. Ho...
CA, CS, CMA : The article summarizes important notifications, circulars, judicial rulings, and regulatory changes issued between 11–17 May 202...
Goods and Services Tax : The article examines how denying ITC to genuine buyers due to supplier tax default creates constitutional and commercial concerns ...
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 representation highlights ambiguity in whether the ₹2.5 crore ITC threshold should be annual or cumulative. It emphasizes th...
Goods and Services Tax : Authorities arrested the key accused for orchestrating fake ITC claims and fictitious export transactions. The case highlights str...
Goods and Services Tax : Authorities uncovered fraudulent ITC claims exceeding ₹8 crore without actual supply of goods. The ruling highlights that ITC is...
Goods and Services Tax : The Bombay High Court held that GST deposited during investigation before adjudication could not be treated as voluntary payment. ...
Goods and Services Tax : The Calcutta High Court set aside cancellation of GST registration for non-filing of returns, observing that preventing business o...
Goods and Services Tax : Punjab and Haryana High Court granted regular bail to an accused linked to alleged fake GST billing and forged documents. The Cour...
Goods and Services Tax : Gujarat High Court upheld confiscation proceedings under Section 130 after noting that goods were transported without an e-way bil...
Goods and Services Tax : The Andhra Pradesh High Court held that GST recovery proceedings under Section 79 can be initiated against a bank after an assessm...
Goods and Services Tax : GSTN has launched a standardized Annexure-B Offline Utility for refund applications involving accumulated ITC to enable automated ...
Goods and Services Tax : The GST Appellate Tribunal issued a detailed order constituting benches across India and classifying GST disputes into three categ...
Goods and Services Tax : The Principal Bench of GSTAT instructed scrutiny officers not to raise defects where appellants upload required soft copy document...
Goods and Services Tax : The Central Government amended Notification No. 14/2018-UT Tax by replacing officials listed against Serial No. 2. The notificatio...
Goods and Services Tax : The Central Government has authorized the GSTAT Principal Bench, New Delhi, to hear appeals under Section 101B of the CGST Act. Th...
GST- the new tax regime is much talked about as a major tax reform. It is a comprehensive tax regime to be levied on manufacture, sale and consumption of goods and services throughout India
Articles deal with Section 175 of revised model GST Law on Inputs removed for job work and returned on or after the appointed day.
One of the most complex areas of the tax levied by the Centre and the States is works contract and sale of property. Currently, such transactions are broken into three parts – the value of goods and materials, value of services and value of land.
In GST Model LAW 2016, the government has put a big responsibility on the shoulders of CMAs and has asked them to verify various transactions of business houses through audit, inspection, verification and certification.
जी.एस.टी. के दौरान केन्द्रीय बिक्री कर अर्थात सी.एस.टी. का पूर्ण रूप से अंत हो जाएगा एवं सी फॉर्म एकत्र करने की कोई समस्या भी नहीं रहेगी. लेकिन एक प्रश्न फिर भी उठता है कि तब एक राज्य से दूसरे राज्य के बीच होने वाले व्यापार को किस प्रकार से नियमित एवं नियंत्रित किया जाएगा.
सरकार बहुप्रतीक्षित वस्तु एवं सेवा कर जीएसटी को अप्रैल 2017 से सितंबर 2017 के बीच में लागू करने की तैयारी में है इन्हीं तैयारियों के तहत सरकार ने जीएसटी की वेबसाइट पब्लिक के लिए ओपन की है तथा इस वेबसाइट में पंजीकरण के लिए पूरे देश में पंजीकरण का एक प्लान भी तैयार किया है इस शेडूल प्लान के तहत उत्तर प्रदेश जम्मू और कश्मीर दिल्ली चंडीगढ़ हरियाणा पंजाब उत्तराखंड हिमाचल प्रदेश एवं राजस्थान
Article discusses Sec 173 – Exempted goods returned to the place of business on or after the appointed day and Section 174. Duty (Tax – in SGST Act) paid goods returned to the place of business on or after the appointed day.
A new model proposed GST to monitor the interstate trade of Goods and Services and this is called IGST i.e. Integrated Goods and Service Tax.
The demonetisation has sidetracked the hitherto much awaited and talked about GST. Though government is doing its part in introducing model law , rules , formats etc but still GST rollout on 1st April is a far cry. The proposed GST law is not an ideal / perfect / pure law.
Article explains Credit of eligible duties and taxes on inputs held in stock to be allowed to a taxable person switching over from composition scheme
