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 : Overview of GST tax liability, self-assessment, and the distinction between scrutiny under Section 61 and actions under Sections 7...
Goods and Services Tax : Karnataka HC ruled that under Section 75(4) of CGST Act, a hearing opportunity must be granted before passing an adverse order. Ba...
Goods and Services Tax : Understand GST provisions for invoices and credit notes in the sale of under-construction flats/shops, including time limits, e-in...
Goods and Services Tax : In the recent times, GST Department by exercising the powers bestowed on them by way of Section 65 of the CGST Act 2017, has been ...
Goods and Services Tax : Get the latest updates on GST portal advisories issued in July-August 2024, including changes in registration, refund processes, a...
Goods and Services Tax : A Superintendent in Nadiad is sentenced to 5 years for bribery. CBI also investigates two GST officers in Hyderabad for demanding ...
Goods and Services Tax : Join our webinars on GST Tribunals preparation. Learn to grow your IDT practice and prepare for GSTAT with expert guidance. Regist...
Income Tax : Explore the latest updates on tax benefits for skill development institutions in India, including GST exemptions and income tax re...
Goods and Services Tax : Explore the latest details on GST rates for agricultural equipment, machinery, and fertilizers, and the government's stance on pot...
Income Tax : On August 5, 2024, it was clarified in the Lok Sabha that there are no specific tax incentives or waivers currently in place for t...
Goods and Services Tax : Madras HC sets aside dismissal of GST appeal for delay, remands case to the appellate authority for fresh consideration despite th...
Goods and Services Tax : Delhi HC grants interim protection to a petitioner alleging misuse of GST credentials for ITC claims, pending further investigatio...
Goods and Services Tax : Bombay High Court held that amount payable has been quantified before 30th June 2019 and hence eligible to avail benefit under Sab...
Goods and Services Tax : Rajasthan HC ruled that appeals should be considered on merits, even if filed late, quashing a CGST order dismissing an appeal as ...
Goods and Services Tax : Rajasthan HC dismisses petition challenging 18% GST on samosa and kachori, directs Sodhani Sweets to approach the Appellate Author...
Goods and Services Tax : Maharashtra GST Circular No. 21T of 2024 updates guidelines for recovering outstanding dues after first appeal until the Appellate...
Goods and Services Tax : Instruction No. 03/2024-GST outlines procedures for CGST audits, emphasizing uniformity and reducing litigation through adherence ...
Goods and Services Tax : Kerala SGST department issues a circular clarifying the method of penalty calculation under the IGST Act, 2017 for tax demands mad...
Goods and Services Tax : CBIC's latest updates include a Customs cooperation deal with New Zealand, a new Hindi magazine, and significant seizures of smugg...
Goods and Services Tax : CBIC issues guidelines for a second All-India drive to detect and eliminate fake GST registrations, safeguarding government revenu...
Explore the analysis of 8 crucial GST notifications issued on 31st March 2023, covering late fee waivers, revocation of canceled registrations, and amnesty schemes. Stay informed for compliance.
Members & Students Services (Grievances Handling and e-Sahaayataa) The Institute of Chartered Accountants of India 1st April, 2023 Announcement Updation of Member’s Profile at Self Service Portal with GSTIN The tax invoices for the membership fee and the fee for certificate of practice payable for the financial year 2023-24, is to be issued to members […]
Tax payers, whose registration has been cancelled on or before 31-12-2022 and failed to apply for revocation of cancellation within time period may apply for revocation up to 30-06-2023 after filing of all returns. Notification No. 06/2023-Central Tax 31-Mar-2023
Discover the key highlights of the GST amnesty schemes issued on March 31, 2023. Gain insights into waived late fees, revocation of cancellations, and withdrawal of assessment orders, ensuring comprehensive compliance.
Stay compliant with statutory tax deadlines in April 2023. Article covers deposit dates for TCS, TDS, GSTR-7, GSTR-8, GSTR-1, GSR-1 QRMP, GSTR-6, TDS Certificate, Form No. 15CC, Form No. 3BB, Provident Fund/ESI, GST CMP-08, GSTR-3B, GSTR-5, GSTR-5A, GST ITC-04, GSTR-4, Form 24G, Form 15G/15H, TDS Challan, and Form No. 61 filing.
Amnesty April 2023: Explore the impact of the 49th GST Council Meeting decisions, including waiver of late fees for GSTR 4, GSTR 9, and GSTR 10. Key relief measures for MSMEs, revocation applications, and more.
Get a concise overview of crucial GST Notifications dated 31/03/2023. Explore changes in late fees for GSTR-4, revocation of cancelled registrations, reduced late fees for GSTR-9, amnesty provisions, and revised timelines for adjudication orders under GST. Stay updated on the latest GST updates
Explore the latest GST amendments effective from 01.04.2023 through notifications issued on 31-03-2023. Key changes include waiver of late fees, revocation of registration, Aadhaar authentication, and extended time limits. Stay informed about GST updates
Section 16(1) of CGST Act, 2017 provides that input tax shall be allowed on goods or services which are used or intended to be used in the course or furtherance of business. Further, Section 17(5) disallows credit on certain goods and services.
The gross GST revenue collected in the month of March 2023 is ₹1,60,122 crore of which CGST is ₹29,546 crore, SGST is ₹37,314 crore, IGST is ₹82,907 crore (including ₹42,503 crore collected on import of goods) and cess is ₹10,355 crore (including ₹960 crore collected on import of goods).
