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 : Courts are divided on whether GST notices can cover multiple financial years in one proceeding. The key takeaway is that the final...
Goods and Services Tax : This case examines whether ITC can be denied when a supplier fails to deposit tax despite a genuine transaction. Courts ruled that...
Goods and Services Tax : The issue concerns vague GST cancellation notices lacking facts. Courts held that absence of details violates natural justice and ...
Goods and Services Tax : Taxpayers were unable to file appeals when demand orders reflected zero liability despite disputes. The advisory clarifies that re...
CA, CS, CMA : Major rulings and notifications clarified tax treatment, compliance timelines, and financial regulations. The updates emphasize ef...
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 case examined whether a single show cause notice could cover multiple tax periods. The Court held such consolidation violates ...
Goods and Services Tax : The case addressed whether a refund rejection without granting a personal hearing and providing only seven days to respond was val...
Goods and Services Tax : The court refused to entertain the writ petition, holding that an effective appellate remedy was available under the GST law. It e...
Goods and Services Tax : The Court held that Rule 86A applies only when the assessee fraudulently avails ITC. Since the allegation concerned the recipient...
Goods and Services Tax : The case addressed an assessment order passed without considering the taxpayer’s response to the show cause notice. The Court qu...
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...
Supreme Court has stayed Delhi HC decision in case of Brand Equity Treaties Limited Vs Union Of India which permitted the assessee to file Form Tran-1 on or before June 30, 2020.
GST Registered person who are also registered under the provisions of the Companies Act, 2013 are allowed to file Form GSTR-3B/GSTR-1 using EVC, vide Notification No. 48/2020 – Central Tax dated 19.06.2020 as follows:- Form GSTR-3B-during the period from the 21st day of April, 2020 to the 30th day of September, 2020 Form GSTR-GSTR-1 – […]
The Composition levy scheme is a very simple, hassle free compliance scheme and an alternative method of levy of tax designed for small taxpayers. It is a voluntary and optional scheme. The objective of composition scheme is to bring easy and reduced compliances; simple quarterly return, quarterly payment of taxes and no requirement of maintaining […]
Under the Goods & Services Tax, a taxable event is the supply. A transaction must fall within the four walls of the term ‘supply’ for applying the levy and collection provisions envisaged in the GST laws. Liability to pay tax ensues at the time of supply of goods or services. The term supply is not […]
GST Came in 1st July 2017. After the GST arrival, many person took the GST number without knowing the applicability of GST. Many taxpayers did not even know that the returns of Nil GST had to be filed. As a result of this, taxpayers started getting to know GST registration cancellation. In this article, we will […]
With the Covid 19 situation changing the dynamics of business huge reliance is placed by the taxpayers on the refunds available under the various laws. GST being no exception is also flooded with applications for refunds specially as for many MSMEs working capital tied up in refund is a huge challenge. However as the entire […]
GST Series Simplified -Section 16- Eligibility and conditions for taking input tax credit – Input tax credit is backbone of GST ACT so it is very broad concept, I will try to discuss it in a very simplified manner. Section 16(1)- Every registered person shall, subject to such conditions and restrictions as may be prescribed […]
The issue under consideration is to seeking permission to electronically upload form TRAN-I in order to avail credit of excess VAT reflected in Returns, as due to technical glitches on the GST Portal, the petitioner could not file Form TRAN-I.
Interest On Delayed Payment Of Tax- Whether Payable Under The GST Act? According to sec 50(1) of the CGST Act 2017, every person who is liable to pay tax in accordance with the provisions of the Act or in accordance with the Rules made there under but fails to pay the tax or any part […]
As the world is reeling under the impact of Covid-19, most donations made in India would qualify as a Corporate Social Responsibility (CSR) activity. These donations may be in the form of cash or in-kind such as PPE kits, sanitizers, etc. This article aims at analyzing the impact of GST on CSR activities/expenditure. What is […]
