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 examines how denying ITC to genuine buyers due to supplier tax default creates constitutional and commercial concerns ...
Goods and Services Tax : This article discusses GST compliance for service providers eligible for the QRMP scheme up to ₹5 crore turnover. It clarifies w...
Goods and Services Tax : The article discusses how GST authorities are increasingly reversing ITC based on upstream NGTP allegations without proving fraud ...
Goods and Services Tax : The article explains common objections raised during GST departmental audits under Section 65, including ITC mismatches, GSTR reco...
Goods and Services Tax : The article explains how rigid GST compliance and fear of penalties are pushing small businesses back into cash transactions. It s...
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 rejection of a manual GST appeal was unsustainable where DRC-07 was not available on the GST porta...
Goods and Services Tax : Gauhati High Court held that cancellation of GST registration without assigning reasons in FORM GST REG-19 was illegal and violate...
Excise Duty : CESTAT Delhi remanded the matter after finding that the Commissioner (Appeals) failed to consider the appellant’s affidavit and ...
Goods and Services Tax : Bombay High Court held that GST proceedings initiated against a company that had ceased to exist after amalgamation were void ab i...
Corporate Law : High Court directed authorities to examine claims relating to additional road work, carriage charges, GST differential, and deduct...
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...
Goods and Services Tax : The data highlights a sharp increase in GST collections driven by import-related IGST. It confirms strong revenue performance and ...
Madras High Court held that passing of ex-parte order and imposing penalty under section 125 of the GST Act is not sustainable since GST notice was uploaded only in the GST portal and not served physically. Accordingly, matter remanded back for fresh consideration.
INTRODUCTION The Goods and Services Tax (GST), implemented in India in 2017, represents one of the country’s most transformative fiscal reforms since independence. It replaced a highly fragmented indirect taxation structure that previously consisted of multiple central and state-level taxes such as excise duty, VAT, service tax, and entry tax. These older taxes often overlapped, […]
GST rates on a variety of daily use products will be reduced from 12% and 18% to 5%. This includes household goods, personal care items, and bicycles.
GST rates on vehicles are being revised. Smaller cars, bikes, and commercial vehicles will see a reduction from 28% to 18%, while luxury vehicles increase.
Learn about the GST Reverse Charge Mechanism (RCM), where the buyer pays tax instead of the supplier. This system ensures compliance and widens the tax base.
The 56th GST Council meeting reduces tax rates on essentials, insurance, autos, medicines, and more while introducing a simplified two-rate GST structure.
A summary of the 56th GSTC meeting’s outcomes, detailing rate changes on goods and services, and the potential impact on consumers, taxpayers, and state revenue.
Learn about the GST rate changes on passenger bus services and motor vehicle rentals, effective from September 22, 2025. Understand the new dual-rate structure.
GST Council has revised the GST rates for various goods within the textile sector in its 56th GST Council Meeting. A wide range of textile products, including sewing threads, synthetic yarns, felt, nonwovens, carpets, and technical textiles, have seen their tax rate reduced from 12% to 5%. Additionally, certain synthetic and artificial staple fibers and […]
The GST Council has recommended tax rate cuts for the health sector. Specific drugs, medical devices, and surgical goods will see reduced GST rates.
