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 Court held that damages paid under an arbitral award do not qualify as consideration for a taxable service under GST. The ruli...
Goods and Services Tax : The article examines whether authorities can retain a redemption fine under Section 130 after setting aside the penalty. The key t...
Goods and Services Tax : The Goods and Services Tax (GST) regime in India aims to establish a transparent and efficient indirect tax system. Despite the se...
Goods and Services Tax : This article explains the legal significance of a Show Cause Notice under GST and why it forms the foundation of adjudication proc...
Goods and Services Tax : The article explains that taxpayers with orders communicated before 1 April 2026 must file GSTAT appeals by 30 June 2026 to preser...
Goods and Services Tax : Stakeholders identified persistent issues in GST registration, cancellations, and refund processing affecting MSMEs. The consultat...
CA, CS, CMA : CAAS suggested that while favourable outcomes may be automated, adverse actions should require a named officer's approval supporte...
Goods and Services Tax : The Rajasthan GSTAT Bar has urged the Tribunal to adopt a pragmatic approach by accepting pre-deposits made through the Electronic...
Goods and Services Tax : Haryana recorded the highest State GST growth rate in India at 22% in May 2026. The achievement is attributed to strong tax admini...
Goods and Services Tax : Practitioners are reportedly following different methods while completing GSTAT appeal forms because of inadequate guidance. The r...
Goods and Services Tax : The Supreme Court permitted the appeal to be entertained without pre-deposit after noting that the appealable order predated the a...
Goods and Services Tax : The High Court held that the issue requires consideration where the show cause notice preceded the amendment. It granted interim r...
Goods and Services Tax : The issue involved rejection of a delayed revocation application for cancelled GST registration. The Telangana High Court held tha...
Goods and Services Tax : The issue involved delay in disposal of a rectification application filed against a GST order. The Telangana High Court directed t...
Goods and Services Tax : The issue was whether a taxpayer could directly invoke writ jurisdiction claiming that a GST show cause notice and order were mere...
Goods and Services Tax : GSTAT instructed scrutiny officers not to raise defects where appellants have uploaded the required documents in prescribed form. ...
Goods and Services Tax : GSTAT Mumbai Bench has officially commenced functioning, making it mandatory for taxpayers within its jurisdiction to file appeals...
Goods and Services Tax : The Committee recommended replacing daily cause lists with weekly schedules and permitting supplementary lists when necessary. The...
Goods and Services Tax : GSTN has postponed the implementation of mandatory "Ship To GSTIN" capture and voluntary E-Way Bill closure to 1 August 2026. The ...
Corporate Law : The 2026 amendments significantly expand disclosure requirements for operational creditors and corporate applicants. The changes a...
On 15th August, 2017 India completed 70 years of Independence and entered 71th year. One the biggest landmark in taxation restructuring as far as Indirect Tax is concerned, happened just about 45 days ago on 1st of July, 2017 with the implementation of GST. GST unlike other taxation regime would be system driven and system […]
Article explains clause wise statutory provisions of Section 140 – Transitional arrangements for input tax credit, Section 141 – Transitional provisions relating to job work, Section 142 – Miscellaneous Transitional provisions.
Attention of the trade is invited to the Circular No. 5/5/2017-GST dated 11.08.2017 issued by the Central Board of Excise and Customs, GST Policy Wing, wherein the variation in the interpretation of Notification No. 16/2017 – GST dated 7th July, 2017 and Circular No. 2/2/2017 – GST dated 5th July, 2017
I am sharing the format of GSTR-3B in Excel. The file contains my comments on each and every column of GSTR-3B and also contains formulae for automatic set-off of eligible ITC against output tax liability.
First return to be filled in GST regime is Form 3B . It is a simple return introduced by Government for the month of July and Aug 2017 only. However , this does not preclude the need to file regular returns -GSTR1-GSTR3 for the said months . Regular returns for the month of July and Aug 2017 will be filled in the month of Sep 2017.
Only few days are left to file the first Return in the era of GST regime i.e. FORM GSTR-3B. It must be filed by every person who are registered under GST. In this write-up, all related aspects of FORM GSTR-3B are being covered. Introduction It is a summary return which has to be filed by […]
As per section 10(1) of the CGST/HGST Act, 2017, read with Rule 7 of GST Composition Rules rates under composition scheme are as under: (i) 2% (1% CGST+1% SGST) of the turnover in the State in case of manufacturers. (ii) 5% (2.5% CGST+2.5% SGST) of the turnover in the State in case of food/restaurant services. (iii) 1% (0.5% CGST+0.5% SGST) of the turnover in the State in case of other suppliers (like traders/agents).
Second hand goods industry is growing day by day in India. There is well notified legislation in this regards in Australia, New Zealand, Singapore, etc. India has also covered under chapter IV : Determination of value of supply (GST Rules) – Rule 35(5) for dealers engaged in second hand goods. Second hand market includes sales […]
The article discusses composition scheme from three views: i) Customer ii) Government iii) Businessmen. The law says that the composition dealer will not be permitted to collect GST. Further, there is a anti-profiteering clause under GST which states that the benefit of reduction in tax rates under GST should pass on to the customer. In composition scheme, the dealer is not allowed to collect tax and therefore the benefit should pass to the customer.
i. An exporter had a turnover of Rs. 15 crore in the previous financial year. He would be eligible for LUT facility if remittance received against this export is Rs. 1.5 crore or more (10% of export turnover is more than Rs. 1 crore)
