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 highlights illegal confiscation of goods under Section 130 without evidence of tax evasion. The key takeaway is that pen...
Goods and Services Tax : The framework clarifies GST on rental income and management fees but leaves gaps in other areas. The key takeaway is ongoing uncer...
Goods and Services Tax : Courts ruled that denying ITC due to supplier non-payment is unjust when buyers act in good faith. The key takeaway is that bona f...
Goods and Services Tax : The issue is whether interest on GST refunds should start from a fresh application after appeal. Courts have held that interest mu...
Goods and Services Tax : The issue is denial of appeal due to NIL demand orders despite disputed liability. The key takeaway is that rectification under Se...
Goods and Services Tax : Authorities uncovered fraudulent ITC claims based on fake invoices without actual supply of goods or services. The accused was arr...
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 : Avanti Feeds Limited Vs Deputy Commissioner of State Tax (Andhra Pradesh High Court) The writ petition before the Andhra Pradesh H...
Goods and Services Tax : High Court held that receipts reflected in Form 26AS cannot automatically be treated as taxable services. Tax liability must first...
Service Tax : The Tribunal held that the margin between purchase and sale of vehicles is trading profit, not commission. Service Tax demand on s...
Goods and Services Tax : The Court held that taxes paid under GST must be reimbursed under contractual terms. The key takeaway is that proof of payment ens...
Goods and Services Tax : The issue was whether an Assistant Commissioner was competent to pass a GST demand order. The Court held the order invalid due to ...
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...
Krishna, the festival of Makar Sankranti has arrived. Small children have started to fly kites. Even the Government is also trying to fly the kite of GST from last six months. So what would you like to tell about that?
Manual on Accepting/ Rejecting Taxpayer by GST Practitioner I want to Accept / Reject a Taxpayer’s Engagement request. How do I do that? Perform the following steps to Accept / Reject a Taxpayer’s engagement request: 1. As a GST Practitioner, visit the URL: https://www.gst.gov.in, and login to the GST Portal with your user-ID and password. […]
Manual on Viewing List of Taxpayers I want to view my list of engaged Taxpayers. How do I do that? Perform the following steps to view the list of engaged Taxpayers in GST Portal: 1. As a GST Practitioner, visit the URL: https://www.gst.gov.in, and login to the GST Portal with your user-ID and password. 2. […]
Manual on Filing Clarification for GST registration application submitted on GST Portal I have received notice for seeking clarifications for the registration application submitted on the GST Portal. How do I respond to the notice issued by the Tax Official? To respond to the notice seeking clarifications on the GST Portal, perform the following steps: […]
Suggestions for Making GST, Sweet & Simple. Contents at a Glance: 1. Registration for All Traders & Service Providers, with Exemption, for Small Scale Suppliers from Collecting & Remitting GST: 2. Exemption (Threshold) Limit May Cover Inter-State Sale also 3. Abolition of Casual Trader Category 4. Single Point Registration and One GST Regn. No. for […]
GST on Employee benefits/ Recovery from employees The transactions between the employer and employee from GST point of view have been analysed in this article. Related Party The concept of ‘related parties’ is defined under the tax statutes to include certain categories of persons (legal entities and individuals) termed by law as ‘related parties’. As per […]
Whether this Interest charged by the supplier of goods liable to GST? At what Rate GST should be charged on Interest on delayed payment? When would the liability to pay GST arise? How should be this shown in GST returns?
Deemed Exports refers to supplies of goods manufactured in India (and not services) which are notified as deemed exports under Section 147 of the CGST/SGST Act, 2017. The supplies do not leave India. The payment for such supplies is received either in Indian rupees or in convertible foreign exchange.
As per section 2(47) of the CGST Act, 2017, a supply is said to be exempt, when it attracts nil rate of duty or is specifically exempted by a notification or kept out of the purview of tax (i.e. a non-GST supply).
Under the GST regime, Article 269A constitutionally mandates that supply of goods, or of services, or both in the course of import into the territory of India shall be deemed to be supply of goods, or of services, or both in the course of inter-State trade or commerce.
