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 : Madras High Court held that it is not justifiable to impose disproportionate liability under section 74 of the respective GST enac...
Goods and Services Tax : The Court dismissed the petition after finding that the petitioner failed to establish a clear connection with the goods and trans...
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 : 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...
It just so happened that India had to implement a dual model GST, not that it was an inspiration from Canada or Brazil, but because of the structure of the country. Not to doubt the intentions of the government, we have come very far from the gloomy days of sales tax, [except the ones who […]
In the general trade and business, there are several promotional schemes and discounts which are offered by taxable persons to increase sales volume and to attract new customers for their products. Circular No. 92/11/2019-GST; Dated the 7th March, 2019 issued to clarify on the aspects of taxability, valuation, availability or otherwise of Input Tax Credit […]
The Tax invoice is a compulsory required document to be issued for supply made by the every registered person under the provisions of GST Act . This document primarily represents the transaction entered between the two parties. The provisions regarding the Tax Invoice is given in the Section 31 of the CGST (As Amended) Act […]
Article explains Meaning of Input Tax, What is eligible ITC in GST, Conditions to claim credit, What is Blocked Credit under GST, Items on which credit not allowed in GST, Who can claim refund in GST and Amendment Notification with respect to the provisions of the Input Tax Credit. I. Introduction & Meaning of Input […]
1. Prior to Notification No. 10/2019-Central Tax ,dt. 07-03-2019 – Person exclusively making local of within state supplies from States other than Specified Category State (Sub-section (1) of section 22 of CGST Act, 2017): Every supplier making taxable supply of goods or services or both exclusively in State or Union Territory other than specified category […]
Input tax credit on the tax paid under RCM will be available in the same month for which the liability has been disclosed and paid in subsequent month? or will it be available in the month in which RCM has been paid and filed the valid return as per Sec.16 of CGST Act, 2017? Availment […]
Key highlights of the Amendments in GST Laws effective from 1st February 2019 vide CGST (Amendment) Act, 2018 and IGST (Amendment) Act, 2018 The amendments in GST law as recommended by the GST Council were passed by the Parliament by enacting the CGST (Amendment) Act, 2018 and IGST (Amendment) Act, 2018 on 30 August 2018. […]
Note on applicability of GST on maintenance charges under the provisions of GST law Central Board of Indirect Taxes and Customs (CBIC) has clarified on applicability of GST on Maintenance Charges levied by Resident Welfare Associations vide Notification No. 12/2017 – Central Tax (Rate) dated 28.06.2017 and Notf No 2/2018 – Central Tax (Rate) dated […]
The GSTN Portal has opened the facility to file GST Annual Return for the FY 2017-18 for Regular Tax Payers in form GSTR 9 from today i.e. 6th of March 2019. While the facility to file Annual Return (GSTR 9) is made available online, offline facility is also proposed to be made available along with […]
The Central Board of Indirect Taxes and Customs (CBIC) has issued notifications on 7th March 2019 under GST Laws to implement the recommendation of the GST Council and has also issued a circular clarifying issues involving various natures of discounts. The summary of notification have been given in a tabular manner for easy understanding: 1. […]
