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 was whether GST demand can exceed the show cause notice. The court held that such expansion violates Section 75(7) and m...
Goods and Services Tax : The issue was whether buyers can claim ITC when suppliers default on tax payment. The court upheld denial, emphasizing ITC is cond...
Goods and Services Tax : The article explains when GSTAT appeals are maintainable and outlines key filing conditions. It highlights timelines, pre-deposit ...
Goods and Services Tax : The central issue was whether incomplete notices satisfy legal requirements. The Court ruled that mere reproduction of statutory l...
Goods and Services Tax : The issue was whether the 2019 amendment to Section 54 could limit earlier refund claims. The Court ruled that the amendment is pr...
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 : The issue was imposition of a higher penalty than proposed in the show cause notice. The court set aside the order, holding it vio...
Goods and Services Tax : The issue was whether two adjudication orders for the same tax period constituted overlapping proceedings under GST law. The court...
Goods and Services Tax : The issue was whether a taxpayer could seek revocation after missing the statutory deadline due to non-filing of returns. The cour...
Goods and Services Tax : The case involved GST cancellation for non-filing of returns during financial hardship post-Covid. The court allowed manual revoca...
Goods and Services Tax : The issue was whether an adjudication order ignoring GST already paid under reverse charge could be challenged. The court allowed ...
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...
What is the time-limit for filing GST TRAN-1? That seemed to be one of the biggest GST procedural compliance issues, after the introduction of unravelling GST regime from 1st July, 2017. It’s most prominent reason being the importance of GST TRAN-1 for a business, as on the basis of this declaration, the eligible credit under the past tax regime is carried forward to GST regime.
Krishna, during this Diwali the due date of filing GSTR-3B and for payment of tax was on 20th October for the month of September. Further in addition to this government is levying TIME BOMB of late fees for delay.
ITC Value Calculation The GST System auto-populates the default ITC eligibility as ‘input’ and default ITC availed value as the full value of the tax paid. These default values can be edited as required by the taxpayer. Change in the default ITC value will not be recorded as modification.
Taxpayers guide for avoid rejection of invoices prepared using offline tool while trying to upload GSTR 2. Avoid Rejection of Invoices Prepared Using Offline Tool While Trying To Upload GSTR 2 1. You may have used the offline tool available on the common portal to prepare and upload details of your invoices. 2. You may […]
Section 18 of the CGST Act provides for credit of input tax in respect of transitional stock. Transitional stock for this purpose would mean inputs held in stock and inputs contained in semi-finished or finished goods held in stock on the specified day. Transitional credit has been allowed in case of a new registrant under […]
Neither the State Legislature nor the State Government would have the power to make laws/ rules to govern interstate movements of goods in the course of trade, and for the purposes of levy of tax,
Automatically collecting of GST Late fees is against the GST Law, because as per Section 46 of GST Act provide that, if a person failed to file return, the notice shall be issued to registered person for its failure to file the return asking him to furnish such return within 15 days In such form and manner as may be prescribed, and rule 68 Chapter VIII of CGST Rules 2017 provide that notice shall be issued in Form GSTR-3A.
Taxpayers guide for correcting the errors of invoices and other details in uploaded GSTR 2 Correcting The Errors Of Invoices And Other Details In Uploaded GSTR 2 1. You may again download the details earlier uploaded on GST portal to edit in the offline tool. 2. If some data in the uploaded Json file fails […]
(GST Form TRANS–I : To Be Filed On Or Before 31st Oct, 2017) Cascading of taxes, means ‘tax on tax’. Under the old system of taxation, credit of taxes being levied by Central Government is not available as set-off for payment of taxes levied by State Governments, and vice versa. Input Tax Credit means reducing […]
Introduction: Prior to the introduction of GST import under Advance Authorisation/EPCG Authorisation was exempt from payment of Additional customs duty (levied in lieu of Excise Duty). With the implementation of GST there was a change and IGST and Goods and Service Tax Compensation cess as applicable had to be paid on imports made under Advance […]
