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 : 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 case examines whether stranded compensation cess credit due to GST reform must be refunded or lapsed, impacting working capita...
Goods and Services Tax : This explains the constitutional boundary between property tax and GST on land-related activities. The key takeaway is that owners...
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...
Introduction The facility of warehousing of imported goods in Customs Bonded Warehouses, without payment of Customs duty otherwise leviable on import, is permitted under the Customs Act, 1962. Apart from specific provisions in the said Act (specially under Chapter IX), certain Regulations have been also framed and provisions of Warehoused Goods (Removal) Regulations, 1963 and […]
To submit the application for refund on Account of Exports of services with Payment of Tax on the GST Portal, perform the following steps:
1.01 Overview of Refunds under GST Refunds under indirect tax laws may arise due to many reasons, be it excess tax deposited by mistake, export of goods or services, refund under any decree of court, some wrong calculations done by the dealer or otherwise. Under the GST regime, some of the reasons which may result […]
GST could be called the biggest reform in the history of our nation, especially in the Indirect Taxation where around 11 types of taxes are now incorporated in a single tax. Let’s see how the advent of GST in the Indian Economy has affected the average man and his income.
To file for refund of ITC accumulated on account of Inverted Tax Structure, perform the following steps on the GST Portal: 1. Access the GST Portal. The GST Home page is displayed.
Taxpayers can file for refund of IGST / CGST / SGST / UTGST / Cess if any amount is due to them from the tax administration. Filing for refunds is a post-login functionality, which means that the Taxpayer must login to the GST Portal with their valid login credentials before filing a refund application.
The determination of place of supply in G.S.T. is important because only after its determination it will be decided that a transaction / supply is liable to IGST or SGST/UTGST and CGST. The place of supply of service is determined u/s 12, 13 and 14 of the IGST act.
GST Audit is required under the following three circumstances : (a) Audit by Chartered Accountant or Cost Accountant – Rule 80 and Section 35(5) (b) Audit by Tax Authorities – Section 65 (c) Special Audit – Section 66
On the recommendations of the GST council, it has been decided that the applications / documents / forms pertaining to refund claims on account of zero rated supplies shall be filed and processed manually till further orders. To give effect to rule 89(1) to rule 97A of CGST rules, 2017
Answer to the debate of declaration of value of exempted, nil-rated, composition, non-GST goods and the supplies of unregistered persons in GST returns. There has been an endless debate going on amongst the stakeholders of GST including the tax professionals and practitioners from July 2017 on wards whether the supplies, from /to unregistered persons, persons […]
