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 GSTAT Committee has recommended sweeping changes to the GSTAT Procedure Rules, 2025 to simplify appeal filing and reduce techn...
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...
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 Madras High Court held that Section 125 cannot be invoked where the GST law specifically provides for late fee under Section 4...
Goods and Services Tax : The Court directed authorities to consider restoration of GST registration where the taxpayer undertook to furnish pending returns...
Goods and Services Tax : The Court held that once the GST Appellate Tribunal becomes operational, taxpayers must ordinarily pursue the statutory appellate ...
Goods and Services Tax : The Court held that a single show cause notice spanning different assessment years is legally unsustainable. Authorities were perm...
Goods and Services Tax : The Court refused to entertain a writ petition challenging a GST assessment order after the limitation period for filing a statuto...
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% ...
Author has compiled Month-wise and Year wise figures of GST Collections from FY 2017-18 to FY 2020-21 and table shows Decline in GST collection for FY 2020-21 in comparison to FY 2019-20. Decline is mainly attributable to Lockdown Due to Covid-19. Figures are compiled on the basis of Various Press Releases issued by PIB. (Rs. […]
In re Bowring Institute (GST AAR Karnataka) 1. Whether amount collected as membership subscription fees paid by the members of the applicant towards facilities provided by the applicant are liable as supply of service under GST? 2. Whether amount collected as infrastructure development fund for the development and maintenance of the facilities provided by the […]
Changes proposed by Finance Bill, 2021 to Law governing Detention, Seizure & Confiscation of Goods and how E-Invoicing, E Way Bill can help We are here to touch base an important matter that at times catches attention due to casual or other errors but become so crucial due to criticality of material(s) stuck due to […]
In re Veena Madhukant (Shree Parshwanath Coconuts) (GST AAR Tamilnadu) The Authorised representative was intimated that the question raised in the application stands decided under Section 60 of the CGST/TNGST Act 2017 in their own case by the Jurisdictional authority, therefore as per first proviso to Section 98(2) of the Act, the application cannot be […]
Confederation of All India Traders has requested for extension of due dates of Income Tax and GST Compliance in the month of April-2021. All these compliances tabulated below if not complied in time may result into interest and late fee. It is explained that Considering Covid-19 and resultant Lockdown delay in compliances on part of […]
Karma Buildcon Through Chetan Rameshbhai Jogi Vs Union of India (Gujarat High Court) For Builders, Real Estate developers, Para 2 Notification No.11/2017 Central Tax (Rate) dated 28.6.2017 provides for deduction of 33% from the value of supply as deemed value of land. In some of the cases due to this artificial deduction of value of […]
♦ Goods Transport Agency(GTA) As per Notification No. 11/2017-Central Tax (Rate) dated 28th June, 2017,GTA means (i) any person who provides service in relation to transport of goods by road and (ii) issues consignment note, by whatever name called. Sec.23(1) CGST Act (i) Any Person engaged exclusively in non-taxable supply or (ii) Exempted supply No […]
CA Shailesh R Ghedia, President, Mumbai BJP Professional Cell has requested FM to extend Return Filing/compliances dates, as falling under various Laws in April-2021, and/or for waiver of penalty/interest for late filing /compliances. Full text of his letter is as follows: BJP professional Cell, Mumbai Date: 14th April 2021 To, Smt Nirmala Sitharaman Ma’am Hon’ble […]
Jamshedpur Chartered Accountants Society (JCAS) has written a letter to Hon’ble Finance Minister and requested to extend due dates of filing various GST Returns for the month of March for at least 3 months. Jamshedpur Chartered Accountants Society 402,A J TOWER ,Q ROAD,BISTUPUR, JAMSHEDPUR-831001 E-MAIL : jcasociety@gmail.com Mobile : 943117621 (P), 8292850001 (S) Date : […]
It is suggested that: 1. The adherence to Rule 36(4) be kept in abeyance for the months of March to May 2021. 2. The due date to furnish GSTR 3B for March 2021 to May 2021 be extended suitably. 3. A nearest date to conduct a virtual GST Council Meeting be decided at the earliest & informed accordingly. 4. The Due date of Filling I.T.R. of A.Y. 20-21 should be extended as many are left behind due to this pandemic
