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 re Las Palmas Co-Op. Housing Society (GST AAAR Maharashtra) The Maharashtra Appellate Authority for Advance Ruling while upholding the ruling given by the Maharastra Advance Ruling Authority held that the Appellant will not be eligible to avail the ITC in respect of the lift installation charges paid to the lift contractor, in terms of […]
Customs Commissionerate (Prev), Amritsar, has foiled an attempted gold-smuggling attempt at the Amritsar Airport and seized 10.22 Kgs of gold worth Rs. 5 crore.
Three years of GST – booklet brought out by Goods and Services Network (GSTN) On completion of three years of GST , GSTN has brought out an informative booklet titled ‘Three Years of GST’. Data published shows that all stake holders can be proud of the excellent performance, despite huge challenges and constraints. All stake […]
Section specific advance ruling under GST Act – Sec 7 of CGST and SGST Act 2017 Article contains section 7 “Supply” related advance rulings under GST pronounced by Advance Ruling Authorities of Various States. Advance ruling’ means a decision provided by the Authority or the Appellate Authority to an applicant on matters or on questions […]
Section 7 Deals with Scope of supply under GST and Section 9 deals with Levy and collection of Taxes under GST. Article analyses Section 7 and 9 of CGST Act, 2017. 1) What is GST GST is an Indirect Tax that levied on Supply of of Goods or Services or Both. Indirect tax is the […]
Deemed Approval for GST Registration applications filed in COVID Registration drive by Department dated 17 July 2020 till 28th July 2020 The Central Goods and Services Tax (Third Amendment) Rules, 2020 notified via Notification No. 16/2020 – Central Tax dated 23rd March, 2020 where in amendment in rules 8, 9 and substitution of rule 25 […]
Tax Deducted at Source Section 51 of CGST Act (1) As per section 51 of the CGST Act Tds will be deducted by the deductor (person who is the recipient of goods or services or both) while paying or credited the amount to the deductee ( person who is supplying the goods or services or […]
Large Corporation usually has operation/place of business at multiple states which has common services like, Internal Audit fees, Statutory Audit fees, Banking Charges, Group Insurance, Consultation fees, etc. for the day today’s operation. The GST paid on such common services cannot be availed in any one particular state or any particular registration being common Input […]
It is worthwhile to note that the ITC on sanitizers/mask/gloves etc. are neither tested in GST nor any clarification is provided by GOI amid COVID-19 pandemic, which is need of the time. Therefore, opening up pandora box on the availability of input tax credit these essential items during COVID-19 pandemic which are undertaken by the trade and businesses to comply with the directives of safety and protection mandated under law for the time being in force.
Simplified GST Series- Section 67 /Power of Inspection, Search and Seizure/CGST Act 2017- Section 67- Power of inspection, search and seizure: (1) Where the proper officer, not below the rank of Joint Commissioner, has reasons to believe that – (a) a taxable person has suppressed any transaction relating to supply of goods or services or […]
