Goods and Services Tax : Discover how 9 key GST recommendations from GST Council align with diverse facets of Navratri, offering insights into a more effic...
Goods and Services Tax : Explore significant recommendations made in 52nd GST Council Meeting of 2023, covering GST on services, goods, and other crucial m...
Goods and Services Tax : Discover significant outcomes of 52nd GST Council Meeting held on October 7, 2023. Learn how these decisions affect taxpayers and ...
Goods and Services Tax : Explore the extended GST amnesty schemes providing relief to non-filers of returns and allowing the revocation of canceled registr...
Goods and Services Tax : Explore the lingering issues before the GST Council, including the complex determination of place of supply for ex-factory and ex-...
Goods and Services Tax : Discover insights from the recent GST Council conference, combating tax evasion, revenue growth, and strategies for fraud preventi...
Goods and Services Tax : Explore the key provisions of Finance Bill 2024, including mandatory ISD registration, penalties for unregistered machines, and up...
Goods and Services Tax : Explore the latest GST Council newsletter for December 2023, covering growth in collections, fraud detection, rate changes, and ke...
Goods and Services Tax : Explore the latest GST Council Newsletter - Issue 56, covering robust growth, amnesty for appeals, and biometric Aadhaar authentic...
Goods and Services Tax : Explore the recent Madras High Court judgment on GST Council's recommendations. Learn how it affects government powers to change G...
Goods and Services Tax : Madras HC rules on GST for flavoured milk in Parle Agro case. Key verdict on classification; implications for businesses....
Goods and Services Tax : SC held that recommendations of the GST Council are not binding on the Union and States. It held that Recommendations of the GST C...
Goods and Services Tax : In this matter learned counsel for the G.S.T. Council is unable to tell as to whether the Tribunal is constituted or not. Learned ...
Goods and Services Tax : GST Council has not recommended levy of GST on high speed diesel and same is not notified by the Central Government under Section ...
Goods and Services Tax : In terms of Article 279A of the Constitution of India, it cannot be said that the recommendations made by the Goods and Services T...
Goods and Services Tax : Learn about the reconstituted Group of Ministers (GoM) on Rate Rationalization, its new members, and the unchanged terms of refere...
Goods and Services Tax : Goods and Services Tax Council announces modifications in the Group of Ministers (GoM) overseeing GST System Reforms, providing a ...
Goods and Services Tax : Get clarifications on GST applicability for services provided by directors in personal capacity and supply of food in cinema halls...
Goods and Services Tax : CBIC notifies rate changes in Compensation Cess for Pan Masala and Tobacco Products as per 50th GST Council Meeting vide Notificat...
Custom Duty : Notification No. 46/2023-Customs issued by Ministry of Finance (Department of Revenue) on 26th July, 2023, makes amendments to cus...
₹1,57,090 crore gross GST revenue collected for May 2023; clocks 12% Year-on-Year growth The gross Good & Services Tax (GST) revenue collected in the month of May, 2023 is ₹1,57,090 crore of which CGST is ₹28,411 crore, SGST is ₹35,828 crore, IGST is ₹81,363 crore (including ₹41,772 crore collected on import of goods) and cess […]
GST Revenue Collection ₹1,60,122 crore gross GST revenue collected for March 2023 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 […]
CBIC further amend notification No. 1/2017-Compensation Cess (Rate), dated 28th June, 2017 vide Notification No. 2/2023-Compensation Cess (Rate) | Dated: 31st March, 2023 to notifies Changes in GST Compensation Cess Rate wef 01.04.2023 MINISTRY OF FINANCE (Department of Revenue) Notification No. 2/2023-Compensation Cess (Rate) | Dated: 31st March, 2023 G.S.R. 253(E).—In exercise of the powers […]
CBIC extends time limit under section 73(10) of CGST Act, 2017 for issuance of order under section 73(9), for recovery of tax not paid or short paid or of input tax credit wrongly availed or utilised for financial 2017-18,2018-19 and 2019-20 as follows: vide Notification No. 09/2023–Central Tax Dated: 31st March, 2023 – (i) for the […]
Maximum late fees restricted to Rs. 1000 for Final Return in FORM GSTR-10 if GSTR-10 is furnished between 01.04.2023 to 30.06.2023
CBIC reduces Annual Return Late Fee as follows vide Notification No. 07/2023–Central Tax Dated: 31st March, 2023 – A. for the financial year 2022-23 onwards Registered persons having an aggregate turnover of up to five crore rupees in the relevant financial year– Fifty rupees per day (25 CGST+25 SGT), subject to a maximum of an amount […]
CBIC notifies Amnesty scheme registered persons in whose cases assessment u/s 62 of CGST Act has been done on or before 28.02.2023 and who have failed to furnish a valid GST return within a period of 30 days from date of service of assessment order vide Notification No. 06/2023 – Central Tax dated 31.03.2023. Ministry […]
Ministry of Finance (Department of Revenue) (Central Board of Indirect Taxes and Customs) New Delhi Notification No. 05/2023–Central Tax Dated: 31st March, 2023 G.S.R. 248(E).—In pursuance of the powers conferred by sub-rule (4B) of rule 8 of the Central Goods and Services Tax Rules, 2017, the Central Government, on the recommendations of the Council, hereby […]
CBIC notifies substitutes Rule 8(4A) & amended Rule 8(4B) pertaining to Aadhar authentication and biometric verification of those registered under GST with retrospective effect force from 26.12.2022 vide Notification No. 04/2023–Central Tax Dated: 31st March, 2023. Ministry of Finance (Department of Revenue) (Central Board of Indirect Taxes and Customs) New Delhi Notification No. 04/2023–Central Tax Dated: […]
CBIC provides Amnesty scheme to registered persons whose GST registrations have been cancelled on or before 31.12.2022 due to non-filing of GST returns vide Notification No. 03/2023 – Central Tax dated 31.03.2023. Ministry of Finance (Department of Revenue) (Central Board of Indirect Taxes and Customs) New Delhi Notification No. 03/2023–Central Tax Dated: 31st March, 2023 […]
