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 : The article explains that where recipients never avail ITC on rejected goods, no reversal is required upon issuance of credit note...
Goods and Services Tax : The representation seeks safeguards against automatic ITC reversals arising from supplier defaults and retrospective cancellations...
Goods and Services Tax : The Madras High Court held that complete failure to file the annual return can attract both late fee under Section 47 and general ...
Goods and Services Tax : The Karnataka High Court held that granting only one day's time to respond to a show cause notice violates principles of natural j...
Goods and Services Tax : The Madras High Court held that cross-examination is not an absolute right in GST adjudication. Where allegations of fraudulent IT...
CA, CS, CMA : CAAS suggested that while favourable outcomes may be automated, adverse actions should require a named officer's approval supporte...
Goods and Services Tax : The Rajasthan GSTAT Bar has urged the Tribunal to adopt a pragmatic approach by accepting pre-deposits made through the Electronic...
Goods and Services Tax : Haryana recorded the highest State GST growth rate in India at 22% in May 2026. The achievement is attributed to strong tax admini...
Goods and Services Tax : Practitioners are reportedly following different methods while completing GSTAT appeal forms because of inadequate guidance. The r...
Goods and Services Tax : The certificate clarifies that dealing and investment in securities are outside the scope of GST. Companies engaged solely in secu...
Goods and Services Tax : The Telangana High Court dealt with the legality of issuing multiple show cause notices for the same tax period without adjudicati...
Goods and Services Tax : The issue was whether a GST appeal filed within limitation could be dismissed merely because the mandatory pre-deposit was not mad...
Goods and Services Tax : The issue was whether a taxpayer could pursue a statutory appeal after approaching the High Court against a GST demand order and s...
Goods and Services Tax : The Madras High Court held that failure to file the annual return in Form GSTR-9 attracts late fee under Section 47(2) of the CGST...
Goods and Services Tax : The High Court held that healthcare services remain exempt even when delivered through another hospital under a revenue-sharing ar...
Goods and Services Tax : GSTAT Mumbai Bench has officially commenced functioning, making it mandatory for taxpayers within its jurisdiction to file appeals...
Goods and Services Tax : The Committee recommended replacing daily cause lists with weekly schedules and permitting supplementary lists when necessary. The...
Goods and Services Tax : GSTN has postponed the implementation of mandatory "Ship To GSTIN" capture and voluntary E-Way Bill closure to 1 August 2026. The ...
Corporate Law : The 2026 amendments significantly expand disclosure requirements for operational creditors and corporate applicants. The changes a...
Goods and Services Tax : Gross GST collections reached ₹1.94 lakh crore in May 2026, registering 3.2% growth. The increase was driven largely by a 19.1% ...
‘The services provided/to be provided in the ‘Theme Park & Museum’ by the applicant are classifiable under HSN Code 9996-item No. (vi) of col. No. 3 of entry No. 34 of the notfn No.11/2017-CT(R) dated 28.6.2017 under “Recreational, Cultural and sporting services other than (i), (ii), (ia). (ii) (iia), (iv) and (v) above” and is liable to GST @18%.’
GST Revenue Collection For January, 2022 Rs 1,38,394 crore Gross GST Revenue collected for January 2022 The gross GST revenue collected in the month of January 2022 till 3:00 PM on 31.01.2022 is Rs 1,38,394 crore of which CGST is Rs 24,674 crore, SGST is Rs 32,016 crore, IGST is Rs 72,030 crore (including Rs […]
Writ applicant could be said to be entitled to claim the refund of the IGST lying in the Electronic Credit Ledger as there is no specific supplier who can claim the refund under the provisions of the CGST Act and the CGST Rules as Input Tax Credit is distributed by the input service distributor.
Once again through this Representation draw your kind attention towards the fact that the due date for filing GSTR3b (monthly Return) is 20th February, 2022 and on the same day, it is the Election Day and complete holiday all over in Punjab. All Govt. Offices and CA’s/Tax Advisors’ offices shall remain closed due to declared holiday.
1. Goods and Service Tax (GST) is a levy on the supply of goods or services, Section 9 of the Central goods and service tax Act, 2017 (CGST Act, 2017) provides for levy and collection of taxes on supply of goods or services at such rate as may be notified but not exceeding the rate […]
We here in, would like to bring to your kind notice, few of the issues which might be faced by taxpayers and Chartered accountants as regards certain specific proposals made in this Union Budget, 2022-2023.
The Confederation of All India Traders “Vyapar Bhawan” 925/1, Naiwala, Karol Bagh, New Delhi-110005. Phone +91-11-43032664, Telefax: +91-11-45089665 E-mail: teamcait@gmail.com Website: www.cait.in Ref. No.: 3178/1/51 18 February, 2022 Smt. Nirmala Sitharaman Hon’ble Minister for Finance Government of India New Delhi Dear Smt. Nirmala Sitharaman Ji, Subject : Withdrawal of proposed 12% GST tax rate […]
A New feature enabled in GST Portal to withdraw application for cancellation of GST registration The Goods and Services Tax Network (GSTN) has enabled the feature to withdraw application for cancellation of GST registration on the GST portal. If the application for cancellation of GST registration is made by mistake and the applicant wishes to […]
CGST Commissionerate, Navi Mumbai busts fake Input Tax Credit racket of about Rs. 21 crores CGST Commissionerate, Navi Mumbai has busted a fake ITC racket of about Rs. 21 crores and arrested the proprietor of M/s. Shree Ram Enterprise (GSTIN: 27FPAPS4153A1Z3) today. The firm was engaged in availing,utilizing and passing on a fraudulent Input Tax […]
In re Sterlite Technologies Limited (GST AAR Maharashtra) The Applicant, registered under GST Laws is engaged in manufacturing of telecom products such as optic fiber optic fiber cable, etc.; laying of these optic fiber cables to create a network, setting up of control centers, installation of equipment necessary to operate the network for desired purpose, commissioning […]
