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.
CA, CS, CMA : The update discusses GST rulings on ITC and refunds, income tax relief interpretations, and insolvency reforms. It also covers dis...
Goods and Services Tax : The court held that recovery cannot proceed against a legal heir without determining liability under Section 93, reinforcing due p...
Goods and Services Tax : The comparison shows how large-scale frauds go undetected for years while professionals face immediate coercive action. Courts hav...
Goods and Services Tax : The law prohibits all real-money online games regardless of skill, marking a major shift from earlier legal precedents and reshapi...
Goods and Services Tax : The issue was classification of bundled hotel services under GST. It is clarified that naturally bundled services are taxed as com...
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 : The case highlights that summons lacking details of the underlying inquiry violate procedural fairness. It underscores the need fo...
Goods and Services Tax : CBI arrested GST officials for demanding a bribe to facilitate registration approval. The case highlights strict enforcement again...
Goods and Services Tax : The court held that an adjudication order passed without considering the taxpayer’s reply is unsustainable. It remitted the matt...
Goods and Services Tax : The Court held that a single show cause notice covering multiple assessment years is not legally sustainable. Authorities were per...
Goods and Services Tax : The ruling highlights that ignoring a taxpayer’s additional reply and request for hearing renders the order unsustainable. The c...
Goods and Services Tax : The court held that the revised 18% GST rate is applicable, but deferred recovery of the 6% differential tax as reimbursement from...
Goods and Services Tax : The Court removed the requirement to verify “authorized operations” for earlier transactions, holding that the condition was i...
Goods and Services Tax : The GST portal launches an Excel-based IMS Offline Tool to help taxpayers efficiently manage and process invoices. It enables bulk...
Goods and Services Tax : CBIC extends due date for filing March 2026 GSTR-3B to April 21, 2026, for registered persons under Section 39 of the CGST Act....
Goods and Services Tax : GSTN clarified that system-calculated interest for February 2026 was incorrectly reflected in March returns due to a technical iss...
Goods and Services Tax : GSTN has enabled editing of the pre-deposit percentage in APL-01 filings. The change allows taxpayers flexibility, while verificat...
Goods and Services Tax : Taxpayers faced issues filing appeals where adjudication orders showed zero demand. GSTN clarified that such system limitations re...
Stay informed about the crucial GST notifications (Central Tax) issued on 31st July 2023, covering amendments, special procedures, exemptions, and more. Summarized provisions include commencement dates, manual appeal procedures, special processes for manufacturers, and updates on GSTR-9 filing exemptions. Understand changes in Section 158A, conditions for unregistered persons in E-Commerce, and the appointment of a common adjudicating authority. Keep abreast of the latest updates for seamless compliance.
HC held that loan facility availed by a credit card holder, where being a credit card holder is a condition for eligibility, is not considered a credit card service. Instead, it is treated as a standard loan which is exempt under GST. Directed the bank to refund the GST collected from the assessee.
Stay informed about the latest clarifications in GST, including updates on tax rates, GST evasion cases, mandatory e-invoicing, and new IRPs. Learn about changes affecting businesses and taxpayers.
Elevate your understanding of E-Invoicing compliance with this concise note. Delve into Rule 48 of CGST Rules, covering the issuance of invoices and recent amendments. Uncover the specific conditions for generating an Invoice Reference Number (IRN) and its significance. Stay informed about the evolving thresholds and effective dates for E-Invoicing compliance. Explore key details on QR codes, applicability, modes of generation, and cancellation procedures. Stay ahead in the realm of GST compliance.
Dive into the intricacies of Composite Supply and Mixed Supply under GST as per Section 8 of the CGST Act, 2017. Uncover the distinctions between these concepts, exploring scenarios where goods and services are naturally bundled. Understand the tax rates applicable to Composite and Mixed supplies, distinguishing the primary supply and item of highest GST rate. Gain clarity with real-world examples, from booking train tickets to renting houses for dual purposes. Equip yourself with insights to navigate GST complexities effectively.
Explore the details of the recent case involving Director General of Anti-Profiteering and Subway Systems India Pvt. Ltd. The Competition Commission of India’s thorough analysis, findings, and conclusion on potential violations of CGST Act, 2017
Calcutta High Court has held that the denial of Input Tax Credit (ITC) to the recipient without due investigation of the supplier cannot be sustained. The ruling highlights the importance of conducting proper inquiries before reversing ITC claims.
CBIC recently issued two circulars, Circular No. 200/12/2023-GST and Circular No. 201/13/2023-GST, providing clarifications on the rates and classification of certain goods and services based on the recommendations of the GST Council in its 50th meeting held on 11th July 2023.
In a rapidly digitising world, ensuring tax compliance has become a challenging task for governments worldwide, and India is no exception. In response to a recent Lok Sabha query, the Government of India has shared insightful details on how they’re battling the rising challenge of GST and tax evasion, painting an intriguing picture of their […]
One crucial change was treatment of supplies made to SEZ units or developers, which were recognized as ‘Zero rated supplies’ under Section 16 of (IGST Act, 2017.
