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 : Explore why composite GST notices across multiple years should be judged by severability, not invalidation, balancing tax recovery...
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 : 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 ruled that cotton seed oil cake qualifies as cattle feed and is exempt from GST. The key takeaway is that exemption appl...
Goods and Services Tax : The case examined validity of a GST demand passed without hearing the taxpayer. The Court held that absence of personal hearing vi...
Goods and Services Tax : The Court held that where an assessment is passed ex parte, fairness requires giving the taxpayer a chance to present their case. ...
Goods and Services Tax : The Court set aside a GST demand order after finding that authorities failed to consider the taxpayer’s replies and supporting d...
Goods and Services Tax : The SC held that imposing an additional bank guarantee was excessive when a ₹1 crore bond with sureties was already furnished. I...
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...
Under Income Tax 1. Last date for Income Tax returns for F.Y. 18-19 extended to 30th June, 2020 from 31st March 2020. 2. Aadhaar- PAN Linking date to be extended from 31st March 2020 to 30th June 2020. 3. Due dates for issue of notice, intimation, notification, approval order, sanction order, filing of appeal, furnishing […]
Export of goods by a SEZ unit through merchant exporter – should be subjected to levy of GST? – An analysis Supply of goods or services by a SEZ unit in the GST regime and determining whether the transaction is subject to levy of GST is always a complicated and tricky issue, which needs thorough […]
Section 51 of the CGST Act provides for deduction of tax at source under certain circumstances. This section also lists out the deductor’s who are mandated by the central Govt to deduct tax at source, the rate of tax deduction and the procedure for remittance of tax deducted.
Here we try to focuses on taxability in relation to agricultural produce & classification of goods under the definition of agriculture produce, in accordance with notifications, circulars, advance rulings (AAR under GST) & ruling from Apex Courts & High Courts in the erstwhile provision of Service Tax law and the provision has been incorporated under GST law.
In this article I am going to discuss the following issues regarding RCM under GST- Introduction of RCM, Need and purpose of RCM under GST, Statutory provisions relating to GST, Notification issued by the government regarding RCM under GST, Goods and services notified in RCM and Some important/recent decisions on RCM by the various authorities.
Article explains Meaning of ‘Input Tax & Input Tax Credit under GST, Eligibility of Input Tax Credit (ITC) under GST, Documents/Conditions for taking ITC, List of Eligible ITC under GST, Zero-rated / Exports, List of Ineligible ITC under GST, Claim of ITC as self-assessed, Matching of ITC, Furnishing of ITC, both eligible and ineligible and […]
E Way Bill is Mandatory in a case where the goods are being sent by a Principal located in one state to a Job worker located in any other state, the E Way Bill shall be generated by the principal irrespective of the value of the Consignment.
GST in India has been implemented since 1st July, 2017. So, within a period of almost three years we are mostly accustomed with the provisions of GST Laws. This article is intended to analyse the basic principle of Levy of GST i.e the Supply. In every taxation statutes, Levy & Collection of tax is the […]
This is in reference to recent Delhi High Court ruling in the writ petitions filed before the court on the issue related to filing issues of Form Tran-1 by various petitioners. The below petitions covered in the said ruling are as follows:- √ Brand Equity Treaties Ltd (WP (C) No.11040/2018) √ Mircromax Informatics Ltd (WP […]
1. Registered person registered under the provisions of the Companies Act, 2013 (18 of 2013) shall, also be allowed to furnish the return under section 39 in FORM GSTR-3B verified through EVC during the period from the 21st day of April, 2020 to the 30th day of June, 2020 I.E THERE IS NO NEED OF […]
