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...
The nation is on the cusp of executing one of the most ambitious and remarkable tax reforms in its independent history. Implementing a new tax, encompassing both goods and services, to be implemented by the Centre, 29 States and 2 Union Territories
Goods and Services Tax is a reality now. The only decision left in this regards is the roll –out date. It is the biggest tax reform in India since its independence. Once GST rolls out, it would have significant impact on every segment of business entities be it traders, manufacturers, agents etc.
With a strong pitch for one nation one tax, the Hon’ble Finance Minister, Shri. Arun Jaitley presented, today, in the Lok Sabha, the Constitution (122ndAmendment) Bill, 2014 on GST , which was passed by the Rajya Sabha on August 3, 2016 with certain key amendments, that enables the GST in the country.
Krishna, Rio Olympic starts in Brazil. It’s the greatest festival of games. In India last week the Goods and Service Tax bill was passed at Rajya Sabha. Just like before Olympic flame, torch is burned and its relay starts and finishes at the place and date of Olympics
जी.एस.टी. संविधान संशोधन विधेयक अब राज्यसभा से भी पारित हो गया है और यह लोकसभा से पहले ही पारित हो गया था . इसके बाद इसे राज्यों की विधानसभाओं में रखा जाएगा जहाँ कम से कम आधे राज्यों में यह साधारण बहुमत से अनुमोदित होना जरुरी है इसके बाद ही यह राष्ट्रपति महोदय के पास हस्ताक्षर के लिए भेजा जाएगा और सरकार को जी.एस.टी. लगाने की शक्तियां भारतीय संविधान के द्वारा प्राप्त हो जायेगी.
It is great news for business fraternity that Upper House of parliament has passed the much awaited GOODS and SERVICE TAX. Now the dream that one India and one tax will be completed very soon. The GST regime is the biggest change in history of Indian taxation since its independence.
One subject which has been in the news in the last few years on the taxation front has been implementation of the Goods and Services Tax law. While the law should ideally have been introduced six years ago it has been pending implementation for various reasons with major
GST is a single tax on the supply of goods and services, right from the manufacturer to the consumer. Credits of input taxes paid at each stage will be available in the subsequent stage of value addition, which makes GST essentially a tax only on value addition at each stage.
आप सभी को एवं आपकी सम्मानीय एवं अग्रणी संस्था “भारतीय उध्योग एवं व्यापार मंडल” को इस वर्ष के व्यापारी दिवस की हार्दिक बधाई एवं शुभकामनाए . इस दिवस के सन्दर्भ में मुझे भारत में प्रस्तावित “गुड्स एवं सर्विस टैक्स” की आलोचनात्मक व्याख्या करने को कहा गया है. यहाँ देखिये जी.एस.टी. के गुणों की व्याख्या तो आपने कई विशेषज्ञों से
This section provides for the meaning and scope of supply of goods and services. There is no concept of supply of goods and services in the present law either in Service Tax or Central Excise. In the proposed law, supply of goods or services shall include the following:
