Goods and Services Tax : Discover CBIC's latest circular setting monetary limits for GST appeals. Understand how these limits streamline litigation and imp...
Goods and Services Tax : Understand CGST Act's Section 16(4) time limits for claiming ITC on RCM supplies from unregistered persons, clarified in SEBI's Ci...
Goods and Services Tax : Explore summaries of recent GST circulars issued by CBIC following GST Council recommendations. Stay updated on key clarifications...
Goods and Services Tax : The Kerala High Court dismisses Tyre India Spare India's writ challenging CGST Act's Section 16(4). Assessee granted extended appe...
Goods and Services Tax : Unlock the guide to BSE (Bombay Stock Exchange) compliances covering XBRL filing, board meetings, and regulatory obligations. Esse...
Goods and Services Tax : Explore the impact of the 53rd GST Council Meeting recommendations, including waivers on interest and penalties under Section 73, ...
Goods and Services Tax : Explore the major challenges faced by GST taxpayers in India and recommendations for improvement. Read insights from Rajasthan GST...
Goods and Services Tax : Former A.P. Minister & MP Mopidevi Venkata Ramana Rao urges Finance Minister Nirmala Sitaraman to consider amnesty for GST Sec 16(...
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 : The Central Bureau of Investigation apprehends a CGST Inspector and two private individuals in a bribery case involving Rs. 10 lak...
Goods and Services Tax : Supreme Court allows 4 weeks extension to open common portal for Tran 1 & Tran 2 Hon’ble Supreme Court while hearing an appl...
Income Tax : M. K. Traders Vs UOI (Gujarat High Court) Conveyance and the goods came to be detained applying the provisions of Section 130 of t...
Goods and Services Tax : Respondent had issued incorrect invoices while selling the above products to his recipients as he had incorrectly shown the base p...
Goods and Services Tax : Explore the integrated services of NIC-IRP e-invoice-1 and e-invoice-2 portals, launching on July 18th, 2024. Learn about seamless...
Goods and Services Tax : GST rates on solar cookers, fire water sprinklers, parts of poultry-keeping machinery, pre-packaged agricultural produce and suppl...
Goods and Services Tax : Latest GST clarifications on services including Indian Railways, RERA, digital payments, insurance schemes, and accommodation serv...
Goods and Services Tax : Learn how exporters can claim refund of additional IGST paid due to price increases post-export. Details on application process an...
Goods and Services Tax : CBIC exempt Compensation cess on supply of aerated beverages and energy drinks to authorised customers by Unit Run Canteens under ...
Notifications No. 14/2023- Central Tax to extend due date for furnishing FORM GSTR1 (Outward Supply Details) for registered persons whose principal place of business is in the State of Manipur for tax periods April 2023 and May 2023 till thirtieth day of June, 2023. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES […]
The Ministry of Finance, Government of India, recently released Instruction No. 03/2023-GST, dated 14th June, 2023, outlining stricter guidelines for the processing of applications for GST registrations. This move aims to counteract the prevalent issue of false and deceitful GST registrations used for issuing invoices without any actual supply of goods or services, leading to […]
Central Board of Indirect Taxes & Customs, under the Ministry of Finance, Government of India, shares an update highlighting the significance of data analytics in tax administration. The Chairman discusses the potential of data analytics to detect irregularities and enhance compliance. The update also includes details of successful anti-smuggling operations and a reminder to prioritize […]
Government of Karnataka issued a circular outlining measures for effective GST audit and revenue optimization. The circular highlights the importance of systematic examination of taxpayers’ records, conducting thematic audits, and establishing an audit monitoring committee. Compliance management systems and the use of data analytics are emphasized for improved performance. Read more for detailed insights.
Government of India has noticed instances of fake GST registrations and issuance of bogus invoices leading to revenue loss. A meeting is being convened to discuss policy measures to curb this menace.
E-Invoice Verifier App developed by GSTN, offering a user-friendly solution for verifying e-Invoices – key features, benefits, and how to use the app for seamless e-Invoice verification.
Dive into the latest updates from the Chairman, CBIC, discussing recent advancements in the Indian Customs and Indirect Taxes department, including AEO progress, CBIC mSangrah launch, and anti-smuggling actions
Analysis of Circular No. 16/2023 -Cus on Supreme Court’s judgment on ‘pre-import condition’ and its implications on IGST & Compensation Cess
Chairman, CBIC shared updates and achievements vide his Weekly newsletter dated 02.06.2022. CBIC Chairman reports on discussions held during a conference on marine assets and preventive functions in Vishakhapatnam. he further updates on ADVAIT Hackathon on Data Analytics, encouraging a data-driven culture within the organization. Additionally, the Directorate of Revenue Intelligence (DRI) recently seized a […]
Advisory pertaining to Goods Transport Agencies (GTAs) opting to pay tax under the forward charge mechanism According to the advisory, GTAs that have commenced their business or crossed the registration threshold on or after 1st April 2023 and wish to opt for payment of tax under the forward charge mechanism must file their declaration in […]
