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 : This article explains why GST registration is not limited to turnover thresholds. It highlights transaction-based triggers that ca...
Goods and Services Tax : The article highlights how aggressive GST actions impact genuine businesses. The key takeaway is the need for balanced enforcement...
Goods and Services Tax : Understand the mandatory GST compliances when closing a business, including return filing and tax on stock. The guidance clarifies...
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 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 issue involved challenge to provisional attachment under Section 83 of the CGST Act. The Court refused to interfere, holding t...
Goods and Services Tax : The Court held that cancellation based on grounds not mentioned in the show cause notice violates natural justice. The order was s...
Goods and Services Tax : The court ruled that cancellation was unsustainable where authorities ignored documents and passed non-speaking orders. It emphasi...
Goods and Services Tax : The issue was whether a taxpayer could seek revocation after missing the prescribed timeline due to portal restrictions. The Court...
Goods and Services Tax : The issue was mismatch between Section 74 mentioned in summary and penalty imposed under Section 73. The Court allowed rectificati...
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...
In case of a works contractor who entered in to the contract before the introduction of GST, he is liable to pay tax applicable to the previous VAT regime only but the differential tax liability (GST) has to be borne by the awarder.
Taxpayers are required to select their business activity only once, as – Manufacturer, wholesaler/Distributor/Retailer, service providers & others post login based on highest turnover amongst them. You can change the same later. Source- gst.gov.in
जीएसटी को भारत में लागू हुए 3 वर्ष से अधिक का समय हो चुका है लेकिन अभी भी डीलर्स और प्रोफेशनल्स को जीएसटी एवं इससे जुडी हुई प्रक्रियाओं से परेशानी हो रही है लेकिन महोदया जीएसटी भारत में अप्रत्यक्ष कर प्रणाली में सरलीकरण के लिए लाया गया था और हमें अभी भी आपके नेतृत्व में जीएसटी सरलीकरण के अपने प्रयास जारी रखने चाहिए और आपसे उम्मीद है कि आपके कार्यकाल में जीएसटी अपने सरलीकृत रूप को प्राप्त कर लेगा|
Taxpayers need to check Applicability of dangerous Rule 86(B) of CGST Act 2017 else your GST Registration may be suspended. This template will help you to know the applicability of the said Rule 86B and may be kept for future reference as well along with relevant GSTR-3B Return.
E-invoicing for dealers having turnover above certain limits in any Preceding any Financial year from 2017-18 onwards- Request for giving immunity to these dealers up to 31st. March 2021.
HC set aside the order imposing liability of Service tax along with interest & penalty and order in Form GST DRC-16 by the Assistant Commissioner for attachment of factory premises on the ground that no opportunity of personal hearing was given and held that one opportunity shall be given to appear and to defend the case.
Companies (Incorporation) Third Amendment Rules, 2021. Introduction of Aadhar authentication facility for GSTIN Registration in Form INC-35 AGILE-PRO This is to inform you that the Ministry of Corporate Affairs has issued a notification on 05th March 2021 stating that in the Form INC-35 AGILE-PRO, part of SPICE+, in serial no-12 at the end of table […]
. The syndicate has thus defrauded the Government exchequer of more than Rs. 392 crore by issuing bogus invoices of more that Rs. 3,000 crore without actual supply of any goods or services which is likely to increase as the investigation progresses. It is pertinent to mention that M/s Vertilink Media Solutions Private Limited has admitted the evasion and have voluntarily deposited Rs 2.5 crore.
Under GST when your GST registration application gets approved then you get registration certificate in REG-06 mentioning registration number which is called as GSTIN (Goods and Services Tax Identification Number) and practically this GSTIN is also called as GST Number or GST Registration Number. GSTIN (Goods and Services Tax Identification Number) is 15 characters alpha-numeric […]
ANALYSIS OF RULE 86B OF THE CGST RULES 2017 – Restriction on ITC Utilisation in Electronic Credit Ledger (ECL) Taxability: Applicable with effect from 01.01.2021 through NN 94/2020 dtd 22nd Dec, 2020. Applicability: Applicable on taxpayer having turnover > 50 lakhs in a month. Provision: Taxpayers covered under this rule are liable to pay at […]
