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...
Which Proper Officer can issue authorisation for Inspection, Search and Seizure under Section 67 of CGST Act, 2017?
In the instant case an independent part (staffing division business) of the applicant’s business is being transferred / sold by the applicant. Hence the benefit of the said Notification is applicable to the applicant’s transaction, subject to fulfilment of the conditions of a going concern.
Petitioner approached HC against order passed by appellate authority as GST Tribunal has not been constituted till date. Revenue contended that writ petition should not be admitted in wake of alternate remedy.
Errors committed are clearly inadvertent and, rectification would, in fact, enable proper reporting of turnover and input tax credit to enable claims to be made in an appropriate fashion by petitioner and connected assessees.
GST collected from students misappropriated IIT coaching industry fraud worth more than Rs. 14 crores unearthed GST collected from students misappropriated Acting upon specific intelligence, the officers of Division – VIII, Mumbai East CGST Commissionerate have detected a new modus of tax evasion in the coaching sector. A private limited company M/s Rao Edusolutions Pvt. […]
BJP Professional Cell Mumbai has made two representation to Finance Minister one on Procedural Lapses under GST with Suggestions and second on GST Amnesty Scheme 2023. List of Procedural Lapses under GST Suggestions To, Smt Nirmala Sitharaman Madam Honble Finance Minister New Delhi. Respected madam, 1. GST laws envisage complete return filing system like return […]
In the Health sector GST has shown several benefits in the form of improvement in operational efficiency by rationalizing the supply chain which could add 2% to the country’s pharmaceutical industry. After the amalgamation of all taxes, the burden of manifold taxes on products got reduced. This would enable the companies to look after their supply chain and distribution networks.
Explore the critical aspects of GST Section 129 governing the detention, seizure, and release of goods and conveyances in transit. Get insights into the applicable penalties, types of goods covered, and the necessary compliance steps. Prakasha & Co. offers comprehensive guidance on the intricacies of Section 129, ensuring businesses stay compliant with GST regulations. Stay informed and navigate the complexities of goods and conveyance detention under the GST Act with our expert insights.
31 मार्च 2023 जीएसटी नोटिफिकेशन 1. अधिसूचना सं. 2/2023-सीटी दिनांक 31-03-2023 GSTR-4 कम्पोजीशन रिटर्न को न भरने पर लगने वाले विलंब शुल्क में कमी कंपोजीशन डीलरों के लिए जो अपना GSTR-4 फाइल करने में विफल रहे, उनकी लेट फीस को घटाकर रु 500.00 (SGST-250.00+CGST 250.00) किया गया है और इसके अतिरिक्त यदि GSTR-4 में देय […]
Stay updated with the latest GST Portal features, compliance deadlines for April 2023, and a new GST Amnesty Scheme. Ensure timely filings, understand GST year-end tasks, and be aware of important notifications, judicial pronouncements, and press releases to navigate the complex world of GST effortlessly.
