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 : 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 : The Allahabad High Court considered a challenge to amended CGST provisions restricting ITC despite valid invoices and payment of t...
Goods and Services Tax : Kerala High Court ruled that authorities must determine both whether the payment amounts to a supply under Section 7(1) and whethe...
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...
Explore the legal precedence set by the Hon’ble High Court in Vivek Narsaria vs State of Jharkhand regarding the priority of proceedings in parallel GST investigations.
Delhi High Court held that accused, involved in fraudulently obtaining Input Tax Credit worth Rs. 200 Crores, are not entitled to be admitted on anticipatory bail as they have duped the government exchequer and the taxpayers of a huge amount of money.
Introduction: In the recent Interim Budget speech for the fiscal year 2024-2025, Finance Minister Nirmala Sitharaman outlined significant achievements in both direct and indirect tax sectors over the past decade. The budget showcased a robust growth in direct tax collections, accompanied by a noteworthy expansion in the number of return filers. The Finance Minister acknowledged […]
Explore the significance of adhering to show cause notice boundaries, as upheld by the Allahabad High Court, preventing arbitrary exercises of power in legal proceedings.
Learn the fundamentals of Budget 2024 in a simple way with our free webinar. Join CA Sachin Jain to gain insight into its effects on industries & more!
Explore the Kerala High Court’s decision granting an extension for filing CGST appeals against orders, analyzing implications and the directive to file by 31.01.2024.
Explore the implications of GST new tables 14 & 15 in GSTR-1 for E-commerce operators and suppliers. Understand tax collection, filing requirements, and key changes.
Urgent notice for CGST taxpayers: Furnish bank details within 30 days to prevent GSTIN suspension. Act now to avoid business disruptions. Learn more.
Ministry of Finance reports ₹1,72,129 crore GST revenue for January 2024, marking the 2nd highest monthly collection with a 10.4% YoY growth. Insights and analysis.
Delhi High Court’s judgment in Varun Enterprises vs. Union of India highlights that non-filing of returns alone doesn’t justify retrospective cancellation; it should align with taxpayer’s compliance status during the period in question.
