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...
Assessment of GST returns have been defined in Chapter- XII under section 59 to 64 of the CGST Act, 2017. There are several types of assessment which have been categories as below:
Is ITC available on vehicle taken on lease for employee in a manufacturing company? No. It is not allowed as per section 17(5) of CGST Act, 2017.
As per Rule 96, the refund of IGST paid on export of goods is processed and disbursed by Customs. For processing such refund, GST System transmits invoice level data of Table 6A in GSTR 1 subject to following validations: 1. GSTR 3B is filed for corresponding period, with admitted tax liability of IGST under Table […]
Article Contains updated due date for filing of GSTR-3B (Summary GST Returns), GSTR-1- Detail of Outward Supplies) for those having turnover exceeding Rs.1.50 crore in Previous Financial Year (PFY) or Current Financial Year (CFY) , Tran-1 for Person Claiming Transitional Credit, GSTR-4 for Composition Opt Taxpayer, ITC-01 for those Claiming Input Tax Credit u/s 18(1), […]
Every person who is registered under the GST regime and wishes to claim the tax credit of ITC available under the pre-GST regime is required to file these Transitional Forms namely- TRAN-1 and TRAN-2 as per their requirement.
There are popular 5 Ws (What, who, when, why, where) which can generally answer all type of questions in respect of any topic. Composition scheme is yet not clear to more of the persons. It seems to be very attractive when things are not crystal clear. But right decision can only be taken after considering all the aspects.
After introduction and implementation of GST in India, the Government’s aim is to ensure that GST should not lead to general inflation and for this, it becomes necessary to ensure that benefits arising out of GST implementation be transferred to customers/consumers.
References have been received from the trade regarding levy of IGST/GST on sales of goods deposited in a customs bonded warehouse. Ch IX of the Customs Act provides for deposit of goods into a customs bonded warehouse licensed under section 57 or 58 or 58A without payment of duty and the procedures to be followed with respect to the warehoused goods.
GST Council has held it’s 23rd GST Council Meeting in Aasam on 10th November,2017. In the meeting numbers of decision taken for providing relief to Taxpayer. Find the summary of amendment made in GST.
The issue pertaining to inter-state movement of rigs, tools and spares, and all goods on wheels [like cranes] was discussed in GST Council’s meeting held on 10th November, 2017 and the Council recommended that the circular 1/1/2017-IGST shall mutatis mutandis apply to inter-state movement of such goods
