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...
The Goods and Service Tax has been one of the key things that has caught attention of the market given its implications. Today, India is on the verge of making one of its biggest tax reforms since independence. The most awaited Goods and Service Tax (“GST”) is set to be implemented from 1st July, 2017.
Arjuna, up to 30 June there are VAT, Excise, Service Tax laws but from 1st July GST will be implemented so what about the stock as on 30th June is the biggest question which everybody facing and it has created confusion among many.
HSN code of Goods and Services supplied.(Though it is not mandatory for a supply of goods of a turnover less than 1.5 crores, However it is advisable to mention to keep classified stocks for better management of business and to avoid wrath of notice of babus after their visits to the business premises.
The first two digits represent the State in the Country where such registration is allowed. As an illustration in terms of the Indian Census 2011 the unique two digit code of 09 has been allotted for the State of Uttar Pradesh while “27” has been allotted for the State of Maharashtra, so on and so forth.
Time of Supply In case of goods General Provision The time of supply shall be earliest of following: Date of issue of invoice or last date upto which notice required to issue or Date on which payment receive by supplier Notes: 1. Date on payment received by supplier shall be earliest of following= Date of […]
Proper officer for provisions relating to Registration and Composition levy under the Central Goods and Services Tax Act, 2017 or the rules made there under –Reg.
Currently there are various types of indirect taxes like VAT, CST, Excise, Service tax, Entertainment tax, Entry tax etc which not only increase the compliance burden on a person, it also leads to double taxation, various hurdles in free flow of goods, setoff is not allowed for one tax with another i.e. you cannot take input of Service tax paid against your output VAT liability.
i) Persons having aggregate turnover (taxable + exempt) of more than 20 Lacs in a financial year (10 Lacs in case of 11 special category states) ii) Person who is currently registered or holds license under any existing law like Vat/CST acts, Service tax, Excise etc..
Reverse charge means the liability to pay tax by the recipient of supply of goods or services or both instead of the supplier of goods or services or both under Section 9 (3) or Section 9 (4) of CGST Act, ( Central Goods and Service Tax Act) or Section 5 (3) or Section 5 (4) […]
Service Tax Payers had been used to the concept of `Complete Reverse Charge (100%)’ or `Partial Reverse Charge’, popularly known as RCM or PRCM under the Finance Act, 1994, for last several years.
