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 Court ruled that limitation under Section 54 cannot bar refund of mistakenly paid GST. It held that excess tax collected witho...
Goods and Services Tax : Explains why liquidated damages are generally not subject to GST unless linked to a supply. Highlights the importance of distingui...
Goods and Services Tax : The Court ruled that ITC on GIDC charges is allowable where no construction is involved. It also held that Section 74 proceedings ...
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 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 refused to entertain a constitutional challenge raised to bypass limitation. It allowed filing of appeal with delay cond...
Goods and Services Tax : The court declined to examine the constitutional validity of Section 16(2)(c) in absence of clear factual basis. It held that disp...
Goods and Services Tax : The court addressed denial of input tax credit due to mismatch with GSTR-2A and missing invoices. It allowed the taxpayer to seek ...
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 : This case highlights how delays in filing appeals against adverse GST orders weaken the department’s legal position. It undersco...
Goods and Services Tax : This case examines delays in transferring non-priority files after departmental restructuring. It mandates systematic redistributi...
Goods and Services Tax : This case highlights lapses in examining tribunal orders before filing revisions. It mandates detailed legal analysis and reasoned...
Goods and Services Tax : The ruling highlights gaps in recovery proceedings due to unclear role allocation. It strengthens the system by redefining respons...
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...
The whole Covid-19 pandemic situation has made government to release a lot of relaxations and clarifications. India’s tax pie seems to have undergone a subtle change with a sharp drop in direct tax collections resulting from a disproportionate impact of the COVID-19 carnage on incomes. Passing on the benefit of reduced GST rates One big […]
The GST Council in 43rd meeting held on 28th May, 2021 at New Delhi had recommended some clarifications to be issued on GST Rate of certain goods and services. Now, CBIC has issued circulars on 17th June, 2021. The summary of the said important circulars are given below – Circular issuing clarifications on GST rate […]
Analysis of GST on Milling Services supplied to State Government for PDS Supply under Circular No. 153/09/2021-GST which exempts the supply of composite supply by way of custom milling to Government for PDS supply, if the value of goods in such supply is less than 25% of the consideration. The article aims to simply the […]
Hello everyone. Today we would like to throw some light on GST refund in case of Inverted Tax Structure. In case you have some queries with respect to the same do mail us to enable us to provide you with clarification on the same. Introduction: Where the credit has accumulated on account of rate of […]
Treatment for time barred Credit Note which cannot be adjusted on account of no GST liability during the relevant period Unresolved Technical fault of the GST portal The GST portal of the Government is still in the process of development and every now & then, the taxpayers are facing one or more technical glitches but, […]
With the onset of pandemic in 2019 and the second wave worsening the situation in India, the sudden or say over demanding requirement of covid-19 supplies like Medicines, medical grade oxygen, oxygen concentrators and cylinders (hereinafter called ‘such supplies’) have come into place in 2021. The government had been imposing taxes on all of such […]
The Government has issued a flurry of circulars on 17.06.2017 covering various subjects. Basing on the recommendations of the GST council the below listed Seven Circulars all dated 17.06.2021 were issued. The gist of the circulars is tabulated in the below given table for easy reference and to have the information at a glance. Sl […]
Amendments, related to GST refund, made into CGST Rule 2017 by Central Government on the recommendation via Notification No. 15/2021 Dated 18th May, 2021 with the help of FAQ’s. These amendments shall come into the force w.e.f 18th May 2021. 1. As per Section 54(1) of CGST Act, 2017 read with Rule 90(3) of CGST […]
Recently Bombay High Court has delivered its Judgment in the case of ‘Dharmendra M. Jani Vs Union of India and others‘ on Intermediary service under GST. On this issue Views of Both the Judges Justice Ujjal Bhuyan and Justice Abhay Ahuja differed from Each other so they Both given their separate Judgment. This article makes […]
Analysis of Circular No.150/06/2021-GST, dated 17th June, 2021 related to GST on annuities paid for construction of road It is to be stated that the above circular is issued on account of certain representations for a clarification regarding applicability of GST on the activity of construction of road where considerations are received in deferred payment […]
