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 : Madras HC rules failure to register under GST law constitutes deliberate tax evasion. Case highlights tax liability, penalties, an...
Goods and Services Tax : Explore simplified Input Service Distributor (ISD) provisions under GST, mandatory from April 2025, detailing credit distribution,...
Goods and Services Tax : Review 9 essential GST compliances before 31st March 2025, including LUT submission, composition scheme opting, e-invoicing, credi...
Goods and Services Tax : This Blog analyzes the consequences of GST on e-commerce businesses and the impacts of its tax policy, as well as compliance oblig...
Goods and Services Tax : Radhika Agarwal Judgment plays an important role for aligning and clarifying the procedures for arrest under the Customs and GST A...
CA, CS, CMA : Get the latest Income Tax and GST notifications, updates, and circulars from February 10 to 16, 2025, including ITR filing deadlin...
Goods and Services Tax : KSCAA highlights issues in GST registration, suggesting uniform SOPs, better verification, geocoding fixes, transparency, and supp...
Goods and Services Tax : Karnataka CA Association urges upgrades to the Professional Tax portal, addressing issues like OTP errors, payment glitches, and l...
Goods and Services Tax : West Bengal's GST share dropped from 4.6% in 2019-20 to 4% in 2024-25. Learn about factors affecting revenue, government measures,...
Goods and Services Tax : Government addresses GST exemption on health & life insurance premiums, forming a GoM for review. Key updates on current exemption...
Goods and Services Tax : Madras High Court quashes GST order against P. Rajasekaran, citing violation of natural justice. Petitioner granted relief on depo...
Goods and Services Tax : Orissa High Court denies pre-arrest bail to GST Officer accused of embezzling ₹71.03 lakhs, citing the seriousness of the econom...
Goods and Services Tax : Gujarat High Court sets aside a GST demand order for violating natural justice by denying a personal hearing, remanding the matter...
Goods and Services Tax : Kerala HC denies Neo Classic Cruise's plea against GST order, ruling classification disputes must be appealed under Section 107, n...
Goods and Services Tax : AP High Court quashes GST assessment order against Knight Hawk Security due to missing DIN, allowing fresh assessment with due not...
Goods and Services Tax : A Group of Ministers (GoM) is set up to evaluate the feasibility of a special cess under GST for disaster relief and recommend a u...
Goods and Services Tax : The GST Council reconstitutes the GoM on Revenue Analysis with new terms of reference to assess revenue trends, compliance, and po...
Goods and Services Tax : Rajasthan mandates virtual hearings for GST cases. Learn about the process, requirements, and compliance under the new guidelines ...
Goods and Services Tax : CBIC issues KYC compliance clarifications for couriers, reports on significant drug seizures, overvaluation cases, and announces p...
Goods and Services Tax : GSTN allows company directors to complete biometric authentication at any GST Suvidha Kendra in their home state. Read the latest ...
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).
Due Dates under Goods and Service Tax, Income Tax Act, FEMA, LLP Act, FEMA, Companies Act, 2013 in the Month of May 2023. Professionals should adhere these due dates to save the Corporates from the Non Compliances.
GST eInvoice System eInvoice portal (from 1st April 2023) The 2nd Invoice Registration Portal (IRP) by National Informatics Centre (NIC) NIC is happy to introduce eInvoice2 portal. It is second portal of NIC – IRP (National Informatics Centre – Invoice Registration Portal), this is in addition to the existing eInvoice1 portal. Eligible tax payers can […]
Many dealers are not able to file GST Revocation request due to time limit of 30 days. This is golden opportunity for them. They may file their returns within specified time period and save their GST Registration, GST Credits Etc.
Explore the critical GST perspectives during Statutory Bank Audits. Learn about transactions, exemptions, reverse charges, place of supply, and their impact on banking company financials. Understand GST implications on various services, foreign transactions, legal services, and input tax credit. Ensure compliance with GST rules, place of supply provisions, and export supply conditions. Trustworthy insights for Auditors conducting Statutory Bank Audits in the evolving GST landscape.
Stay updated on the latest changes in GST with a summary of notifications issued on 31.03.2023. Explore updates on late fees, amnesty schemes, Aadhar authentication, and more for a comprehensive understanding of the evolving GST landscape.
Ensure seamless Year-End GST compliances for FY 2022-23. Stay updated on new billing series, e-invoicing, letter of undertaking, composition scheme, QRMP scheme, and essential reconciliations for a hassle-free transition.
Navigate the crucial compliance obligations under GST Laws for the Financial Year end 2022-23 and the commencement of Financial Year 2023-24. Ensure absolute compliance with our checklist.
