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 held that a provisional attachment under Section 83 ceases once a final order under Section 74 is issued. The ruling rei...
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 : 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...
CBIC notifies composition scheme for supplier of services with a tax rate of 6% having annual turn over in preceding year upto Rs 50 lakhs vide Notification No. 2/2019- Union Territory Tax (Rate) dated 7th March, 2019.
Implementation of various decisions taken by the GST Council for the MSME Sector; Issue of Notifications there of The GST Council in its 32nd Meeting held on 10th January, 2019, inter-alia, had taken the following decisions to be effective from 1st April, 2019 (01.04.2019): Higher Exemption Threshold Limit for Supplier of Goods: There would be two Threshold Limits for exemption […]
The Government has amended CGST Act, 2017 vide CGST Amendment Act, 2018 with various changes w.e.f 01.02.2019 and one of the important amendment was made in Section 49 of CGST Act by introducing new section 49A to the CGST Act, 2017.
Central Board of Indirect Taxes and Customs (CBIC) had notified pdf version of GST Annual Return in Form GSTR-9 (applicable for regular taxpayers) back in September 2018. Since then, taxpayers have been awaiting for the Form to be made live at the common portal. Recommendations were even made by the industry to auto-populate the details […]
For the purpose of determination of value of supply under GST, Tax collected at source (TCS) under the provisions of the Income Tax Act, 1961 would not be includible as it is an interim levy not having the character of tax.
CBIC), has issued Notification No. 12/2017-Central Tax Rate dated 28.6.2017, exempting ‘health care services’ rendered at clinical establishments by authorized medical professionals or paramedics, from applicability of GST, vide entry no. 74
Form GSTR 9 for the annual return is now active on the GSTN portal. Every registered taxpayer on GST is required to file GSTR 9 – the form for the annual return for FY 2017-18 (July 2017 to March 2018) on or before 30th June 2019. It consolidates the information furnished in the monthly or […]
Article explains Who should file GSTR 9 annual return, What is the due date of GSTR-9, Details required in the GSTR-9 form, When NIL GSTR-9 RETURN can be filed and Issue with Figures in GSTR-9. The Annual return under GST (FORM GSTR-9) is active on the GST portal now. Once you login, you will be able to […]
GST SET OFF RULES WEF 01.02.2019. As per CGST Amendment Act 2018, the set off rules has been changed the updated rules are presented with examples as follows: Section 49(2), 5(c), 5(d) Amended proviso 5(c) “Provided that the input tax credit on account of State tax shall be utilised towards payment of integrated tax only where […]
Article contains Proposal of 32nd GST council meeting, Summary of GST Notification / Circulars Issued during February 2019, Analysis of Important cases decided on GST, GST Compliance calendar – March 2019 , Summary of Custom Notification / Circulars / Judgments of February 2019, Summary of Central Excise & Service Tax Notification / Circulars / Judgments […]
