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...
MRP simply means that price of goods cannot exceed the displayed price. GST is not levied on the basis of MRP. GST is levied on that price on which goods are actually transacted. GST is levied on invoice price. Suppose MRP of any goods is Rs. 100 and it is sold at Rs 80. GST shall be levied on Rs. 80. This is the law. Even if goods are sold at loss then also GST shall be levied on that sale price. This sale price can be questioned only on related party transaction and not otherwise.
There were many different views on whether import of goods will attract RCM or not. Unlike import of service which is EXCLUSIVELY provided in act to be taxed under RCM basis ,act is silent on applicability of RCM on import if Goods.
It’s been nearly a week into India’s one of the ambitious tax reforms. Some of the business houses already started billing under GST. So time has come to know more details about GST apart from the GST Act. In this episode we will discuss about the export procedure under GST to give a basic guideline to the exporter, So sit back, relax & enjoy the write-up!
New Delhi, July 3, 2017: Implementation of goods and services tax (GST) will bring innumerable benefits for domestic manufacturers of electronic components as cost of manufacturing will be significantly brought down, noted a recent ASSOCHAM-NEC joint study.
Industry alone is expected to contribute USD 280 billion to India’s Gross Domestic Product (GDP) in the next 8-9 years, as a positive fall out of the Goods and Services Tax as structural changes in the ease of doing business would propel the growth, an ASSOCHAM-APAS study has said.
The GST Act has come into force from 1′ July 2017. To provide assistance to dealers for filling online application for Registration, filling online Returns etc. location wise dedicated help desks have already been set up and contact details have been published on the Maharashtra GST Department’s web site.
Due to extensive changes in the systems during the roll out of GST, and ensuring that there is no delay in clearance of such goods due to system issues following decisions have been taken :
The e-book contains Rate of Tax on Goods as applicable after considering all Notifications, Circulars etc. issued by CBEC from time to time till 3rd July 2017 and includes Goods taxable at Nil Rate of Tax, taxable at the rate of 5%, taxable at the rate of 12%, taxable at the rate of 18%, taxable […]
With the implementation of GST, it is important to know the provisions that will affect the hotel industry. Services provided by Hotel Industry:-1. Room accommodation services. 2. Serving of foods and liquor in restaurant and in room.
The e-book contains Rate of Tax on Services as applicable after considering all Notifications, Circulars etc issued by CBEC from time to time till 3rd July 2017 and includes Services taxable at Nil Rate of Taxation, taxable at the rate of 5%, taxable at the rate of 12%, taxable at the rate of 18%, taxable at the rate of 28% and GST On Supply Of Services At Same Rate As On Supply Of Similar Goods.
