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 Tribunal remanded the case after finding that ITC reversals on unsold inventory were not adequately examined. It directed fres...
Goods and Services Tax : The issue was delay in filing appeal due to alleged non-service of notice. The court allowed appeal filing with delay condonation ...
Goods and Services Tax : The issue involved challenging a GST order through writ instead of appeal. The court allowed withdrawal and permitted filing appea...
Goods and Services Tax : The issue was whether a delayed appeal against a GST order could be entertained. The court granted liberty to file appeal with a d...
Goods and Services Tax : The issue involved challenge to GST notice and order without proper authentication. The court allowed appeal filing with delay con...
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...
The UN agencies and the Diplomatic Authorities (notified) in Maharashtra were eligible for refund of VAT on purchases in Maharashtra. VAT refund claims for periods prior to 1st July 2017, shall be processed as per VAT provisions.
GST Council has taken many positive decisions in this meeting and in the long run it will benefit the business and businessmen. It will also take away difficulties faced by Business people SME’s who were earlier more involved in compliance of Indirect Tax and were not able to concentrate on their business.
Krishna, the 22nd meeting of the GST council was held on 06th October. So in this way we can say that small taxpayers have got their Diwali gift in advance. Tell us something about that.
UAE has released its Tax Procedures to be adhered for VAT and other Tax Laws in the UAE along with its Executive Regulations. Also FTA has released Administrative Fee and Fines for VAT and other Tax Laws of the UAE. Here is an eBook, compiling the Tax Procedures, Executive Regulations and Fee/ Fines for VAT […]
A big relief to file returns Quarterly whereas tax has to be paid Monthly. For this purpose, Small and Medium Enterprises are those Assesses whose annual turnover is less than or Equal to Rs. 1.5 Crore.
Reverse charge means the liability to pay tax by a person receiving goods or services or both. In the normal circumstances the seller ( supplier ) would be paying sales tax to the Government on the goods sold or services supplied.
In order to make it possible for great number of tax payer to avail the benefit of ease of compliance under the composition scheme, it is recommended that turnover limit for availing composition scheme shall be raised from INR 75 lakhs to INR 100 lakhs. Threshold for special category states except the State of Jammu & Kashmir and Uttarakhand shall be raised from INR 50 lakhs to INR 75 lakhs.
UAE Cabinet has approved Executive Regulations of Federal Tax Procedures to be adhere on VAT and other Tax Laws of the UAE. Its is being as another mile stone of implementation of VAT in the UAE. A simplified English Translated version of the Executive Regulations can be access here.
Yes, there have been many issues with post GST Implementation, however, before criticizing the council or government, please do consider the diversity in all aspect our country possess. GST implementation is a huge transformation and will definitely take time span on 1 to 2 years before being stabilized.
The 22nd GST Council Meeting was held at New Delhi on the 6th of October 2017. In the meeting, various decisions and changes pertaining to GST return filing, composition scheme, GST rates have been announced. The various measures announced in the 22nd GST Council will tremendously improve ease of compliance for SMEs. In this article, […]
