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 : ECGC payouts in INR do not qualify as export proceeds under GST and FEMA laws. Exporters must secure AD bank write-offs to avoid r...
Goods and Services Tax : The issue was whether unregistered individuals could exercise appellate rights. The Court held that procedural hurdles like absenc...
Goods and Services Tax : The issue was denial of ITC transfer due to different State registrations of entities. The Court ruled that no such restriction ex...
Goods and Services Tax : The issue was delays and inconsistencies in GST fund settlement under the earlier framework. The new rules introduce a fully autom...
Goods and Services Tax : The issue was taxation of intermediary services as domestic supply. The law now treats such services as exports, allowing zero-rat...
Goods and Services Tax : CBI arrested GST officials for demanding a bribe to facilitate registration approval. The case highlights strict enforcement again...
Goods and Services Tax : The CBI arrested a CGST Assistant Commissioner for demanding a bribe to halt GST proceedings. The officer was caught red-handed ac...
Goods and Services Tax : The Government reduced GST on paper sacks and bags from 18% to 5% following GST Council recommendations. The move addresses farmer...
CA, CS, CMA : ICAI has recommended mandatory verification of the Certificate of Practice for Chartered Accountants appearing before GSTAT to ens...
Goods and Services Tax : The Government introduced reforms such as e-invoicing and auto-population of data in GST returns. These measures improve accuracy,...
Goods and Services Tax : The Court held that GSTIN cannot be cancelled solely based on supplier irregularities without examining the taxpayer’s transacti...
Corporate Law : The Court held that input tax credit claimed on invoices from non-existent dealers justified penalty under VAT law. It reaffirmed ...
Goods and Services Tax : The Court set aside a show cause notice that combined several financial years into one proceeding. It held that each assessment ye...
Goods and Services Tax : The Court held that each financial year creates a separate cause of action, making a consolidated notice legally unsustainable. It...
Goods and Services Tax : The ruling found that issuing a single notice for multiple tax years violates statutory requirements. The Court quashed the notice...
Goods and Services Tax : GSTN has enabled editing of the pre-deposit percentage in APL-01 filings. The change allows taxpayers flexibility, while verificat...
Goods and Services Tax : Taxpayers faced issues filing appeals where adjudication orders showed zero demand. GSTN clarified that such system limitations re...
Goods and Services Tax : Both domestic and import revenues contributed to GST growth, alongside increased refunds. The figures highlight improved tax admin...
Goods and Services Tax : The government introduced new rules replacing the 2017 framework to streamline IGST settlement between Centre and States. The rule...
Goods and Services Tax : Maharashtra Government has extended the time limit to file appeals before the Appellate Tribunal for orders communicated before Ap...
As per the Model GST Law Assessee falling under following categories can get themselves registered- A. Mandatory Registration B. Voluntary Registration
In this article we have tried to give an idea to the reader about the differences between KVAT Act, 2003 and Model GST law released by the Ministry of Finance for public comments on 14th June, 2016.
Ashok Kumar Chopra The 101 Constitutional Amendment Bill 2016 which is very popularly known as 122nd Constitutional Amendment Bill as passed by Rajya Sabha on 3rd August 2016 after waiting for more then a year when it was sent to it for passage. Certainly this day has become a red letter day in the history […]
In this article, provisions relating to Registration under GST as given (Draft) Model Goods and Services Act, 2016 and Draft Registration Rules are presented.
GST provisional Registration Number (GSTIN)- collection of mobile number email Id of taxpayers under VAT, CST, Entry /Luxury / Entertainment Tax
Senior BJP leader Subramanian Swamy declared on Twitter that if government not removes private companies from Goods Services Tax Network (GSTN) than he would go ahead with a Public Interest Litigation (PIL) against the Central Government. Swamy tweeted on his twitter Handle @Swamy39 that, he will wait till October 31 for the government to act, failing which he will go ahead with a PIL to challenge the government in allowing ownership of private companies in the Goods Services Tax Network (GSTN).
The liability to pay CGST / SGST or IGST on the goods or service shall arise at the time of supply as determined in terms of the Model GST Act. The point of time of supply refers to the point of time when an activity attracts the levy of GST in terms of the provisions of section 12.
Government directs the CBEC officials association demanding full control of Central Government over all assessees under GST to refrain from the protest as proposed F.No.C-30013/6/2012-AdIVA-Vol.II Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs New Delhi dated the 10th October, 2016 Memorandum The All India Association of Central Excise […]
CMA Ramesh Krishnan Major indirect tax reformation is in full swing and it is going to gear up from 1st April 2017, till now empowered committee proposals and draft rules and formats and several frequently asked questions has been published by the government to help us to transformation process from the current indirect tax system […]
In the Following Situations, Refund can be claimed in GST: 1. Export of Goods or Services ( Including Deemed Export) 2. Refund of Unutilized Input Tax Credit 3. Refund from Manufacturing / Generation/ Production – tax free supplies
