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 appellate authority found that facts presented on appeal differed from the original application. The case was remanded for fre...
Goods and Services Tax : The court held that Sections 73 and 74 allow show cause notices for any period, not limited to a financial year. Consolidated noti...
Goods and Services Tax : The issue was cancellation of GST registration due to non-filing of returns and rejection of appeal as time-barred. The Court allo...
Goods and Services Tax : The court held that a show cause notice lacking clear reasons and supporting documents violates natural justice. It quashed the re...
Goods and Services Tax : The Court examined whether ITC can be denied when the supplier fails to deposit tax. It upheld the provision, ruling that ITC depe...
Goods and Services Tax : CBIC has amended Notification No. 9/2025-Union Territory Tax (Rate) to revise tariff entries under UTGST schedules from May 1, 202...
Goods and Services Tax : CBIC has amended Notification No. 9/2025-Integrated Tax (Rate) to revise tariff entries under IGST schedules in line with Finance ...
Goods and Services Tax : CBIC has amended Notification No. 9/2025-Central Tax (Rate) to revise tariff entries in GST schedules in line with Finance Act, 20...
Goods and Services Tax : The data highlights a sharp increase in GST collections driven by import-related IGST. It confirms strong revenue performance and ...
Goods and Services Tax : This case highlights how delays in filing appeals against adverse GST orders weaken the department’s legal position. It undersco...
Query 1. Whether Sale of food by a restaurant is a supply of goods or a supply of service? Query 2. Sir i am having a small shop of samosa, jalebi and gulabjamun previosly I was paying 1 %on turn over now what should I do? Ans: GST has different slab rates for goods, services […]
Generally GST is payable by taxable person who supplies goods or gives service or both- Section 9(1) of CGST Act & Section 5(1) of IGST Act. However there are few exceptions to this aka, GST payable by recipient of Goods or Service or both- Section 9(3) or 9(4) of CGST Act or Section 5(3) or 5(4) of IGST Act. This means that receiver of goods/service will discharge the duty of GST payment of supplier of goods/service.
You may aware that, govt. had given some relaxation to the taxpayers regarding filling GSTR 1 up to Sept 2017. As we all are very much into the new regime & trying to address daily issues coming up under GST, we may forget to completely understand what GSTR-1 requires.
What is GST? Ans. Simply put GST stands for Goods and Services Tax, which is levied on supply of goods or services or both. Sale of goods, for example is a type of supply. Various economic activities are all different types of supply.
From when do the first Returns need to be filed by taxable person in respect of outward supplies? Ans: First Return of outward supplies need to be filed from the date on which he became liable for registration till the end of the month in which the registration has been granted.
1. What is the basic information that needs to be furnished in Form GSTR-1? Ans: The details to be entered in the return of outward supplies Form GSTR-1, made by the trader depends upon the nature of supplies made. The provisions are as follows:
1. Who is liable to issue a ‘tax invoice’? Ans: Eve y taxable person supplying goods or services or both is required to issue ‘tax invoice’. 2. What details are to be contained in a ‘tax invoice’? Ans: The tax invoice shall contain details as specified in Rule 1 of Tax Invoice,Credit and Debit Notes […]
What category of persons are required to migrate to GST? Ans: Taxable persons who are paying service tax, State VAT or Central Excise are required to migrate to GST. They will get temporary PAN based registration number. Final registration will be granted after submitting necessary information and papers, as defined under Section 139 of CGST and SGST Act 2017.
How can tax payments be made under GST? Ans. Under GST tax payment is easy and can be done first by using the input tax credit available. The payment can also be done in cash through all modes available like e-payment through net-banking, credit card and debit card, over the counter of banks, RTGS or NEFT.
A taxable persons business is in many States. All supplies are below Rs 10 lakhs. He makes some Inter State supply from one State. Is he liable for registration? Ans: He is liable to register if the aggregate turnover (all India) is more than 20 lakhs (Rs 10 lakhs in Special Category States) or if he is engaged in Inter State supplies. In this case he would be liable to register all his businesses.
