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 involved challenge to GST notice and order without proper authentication. The court allowed appeal filing with delay con...
Goods and Services Tax : The issue was delayed appeal due to late awareness of GST liability. The court allowed appeal filing with delay condonation and gr...
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 : 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...
Addressing an ASSOCHAM interactive session, West Bengal finance minister, Dr Amit Mitra today said that he had told the Centre to postpone July 1st launch of Goods and Services Tax (GST) and had sought a whitepaper on preparedness which was not provided to the GST Council.
GST-Goods and Service Tax Act came in to force on 01-07-2017.Also the first return of GST which is GSTR 3B is filed by many tax payers.Documentation is one of the most important part of GST Act. There are various documents listed in the Act which are to be issued at certain point of time.Small tax payers are still not clear about which invoice is to be prepared when and what is the content to be mentioned in an invoice.In this article have mentioned meaning of each document and its issuance time.
This article presents a matrix about how to claim input tax credit on opening stock as per transitional provisions u/s 140 of CGST Act, 2017 in respect of various type of situations.
Select the option Yes or No far Whether all the returns required under relevant earlier laws for the period of six months immediately preceding the appointed date have been furnished. Relevant tables will be visible in Form GST TRAN I, depending upon the option selected.
Table 5b and 5c of GST trans form shall be used by registered VAT dealer to convert their VAT into SGST. Table 5b requires the assessee to file all C Form, F Form and H / I Form which have been received by them. Table 5C requires the assessee to file only those statutory forms which have not been still received by them. If the forms are not received then that credit cannot be coverted into SGST. These 2 video delves into these burning issues. Hope you all like it.
A dealer who continues to do business of selling the goods (after from 01 April 2017) mentioned in para 2/3 above, however, shall remain liable to pay tax under the MVAT Act, 2002 and the CST Act, 1956. Such dealers may include the dealers who are liable to pay tax under the MGST/CGST/IGST Acts brought in from forth 01/07/2017.
(1) This Act may be called the Central Goods and Services Tax (Extension to Jammu and Kashmir) Act, 2017. (2) It shall be deemed to have come into force on the 8th day of July, 2017.
The Integrated Goods and Services Tax Act, 2017 and all rules, notifications, schemes and orders made thereunder by the Central Government are hereby extended to, and shall be in force in, the State of Jammu and Kashmir.
Users are coming across many major technical snags on GSTN Portal while filing GSTR 3B. The issues are open since last 4-5 days and giving taxpayers as well as professional unnecessary trouble as there is no final response from GSTN.
ARE ALL SERVICES PROVIDED BY THE GOVERNMENT OR LOCAL AUTHORITY EXEMPTED FROM PAYMENT OF TAX ? No, all services provided by the Government or a local authority are not exempt from tax. As for instance, services, namely, (i) services by the Department of Posts by way of speed post, express parcel post, life insurance, and agency services provided to a person other than Government; (ii) services in relation to an aircraft or a vessel, inside or outside the precincts of an airport or a port; (iii) transport of goods or passengers; or (iv) any service, other than services covered under (i) to (iii) above, provided to business entities are not exempt and that these services are liable to tax.
