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...
Article contains Updated Due Dates for GSTR-3B (Turnover > 5 Crores in PY), Updated Due Dates for GSTR-3B (Turnover < 5 Crores in PY) Category II, Updated Due Dates for GSTR-1/IFF, explanation on Relaxations to Composition Taxpayers and explanation on Other Relaxations to GST Taxpayers. Updated Due Dates for GSTR-3B (Turnover > 5 Crores in […]
Nature of Supply in case of Billing address is outside India and Ultimate Recipient is in India: 1. Export of Goods (Section 2(5) of IGST Act): Taking Goods out of India to a place outside India. In the above case Goods are not going out of India. Therefore, it can not be treated as export […]
Roshani Sana Jaiswal Vs Commissioner of Central Taxes (Delhi High Court) Delhi High Court which ruled that personal bank accounts of promoters cannot be attached under CGST 1. The respondent, before triggering the provisions of Section 83 of the Act, had to satisfy itself that there was a ‘pending’ proceeding under the provisions of Section […]
GSTR- 1 Return of outward supply (Sales) ♠ GSTR- 1 is the return for reporting sales transactions made during a tax period and also for reporting debit and credit notes issued. ♠ It is to be filed by normal taxpayers and it is just a return to report sales transaction & no tax is required […]
I have been particularly persuaded to write this letter because there has been no meeting of the GST Council for the last six months even though Council’s own Rules drafted in terms of Article 279A of the Constitution provide for holding at least one meeting every quarter.
Belated refund applications can be filled legally in light of SC order’s on extension of period of limitation Vide sou motu order dated 23.03.2020, Hon’ble Apex court of India extended the period of limitation for ‘CERTAIN’ proceedings w.e.f. 15th March 2020 till further orders. The sunset clause to this sine die order was brought vide […]
Section 7(1) of the CGST Act; includes Activities to be considered supply WITH A CONSIDERATION (a) all forms of supply of goods or services or both such as sale, transfer, barter, exchange, license, rental, lease or disposal made or agreed to be made for a considerations by a person in the course / furtherance of […]
The Financial Year 2020-21 has been a very unusual year since the inception of GST in terms of multiple extensions through various notifications. Vide this article we are providing the readers all the necessary information pertaining to GSTR-3B in respect of due date and the applicable late fees/ interest along with the relevant Notification Number […]
Looking through Validity of GST (Compensation to States) Act of 2017, and other allied matters under ‘Union of India vs. Mohit Mineral Private Ltd.’ CASE: Union of India v. Mohit Mineral Private Ltd. Question Validity of GST (Compensation to States) Act, 2017. Act provides for cess in order to compensate states for the loss suffered […]
Impact of GST on Accounting ♦ Introduction of GST from 1st July 2017, India has moved towards a single indirect tax regime for goods & services for the entire country with uniform accounting system under GST. ♦ State-wise Registration and Accounting (Person liable for registration as per Section 22 of CGST Act) ♦ Supplies without […]
