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 : Delhi HC held that directing GST Department to give seven days' prior notice before coercive action is not equivalent to blanket a...
Goods and Services Tax : The Orissa High Court held that rejecting a GST appeal without considering the assessee's electronically filed explanation on dela...
Goods and Services Tax : The article examines how Section 122(1A) broadens GST penalty provisions beyond taxable persons to beneficiaries and participants....
Goods and Services Tax : The article explains why buyers should avoid claiming ITC when purchase invoices are missing from GSTR-2B. It outlines the legal p...
Goods and Services Tax : This guide covers the following: what exactly a GST amendment is, which fields can be changed (and which cannot), how Form REG-14 ...
Goods and Services Tax : A GST Bar Association has sought a three-month extension for filing GSTAT appeals, citing procedural complexities and evolving fil...
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 : The Punjab and Haryana High Court set aside the GST adjudication order on secondment of expatriate employees because relevant CBIC...
Goods and Services Tax : The Gauhati High Court held that a taxpayer whose GST registration was cancelled for non-filing of returns could seek restoration ...
Goods and Services Tax : The Gujarat High Court directed release of the petitioner's attached bank accounts after the State admitted that no findings under...
Goods and Services Tax : The Madras High Court set aside a GST assessment order that was issued before the expiry of the time granted for responding to a r...
Goods and Services Tax : The Madras High Court set aside a GST assessment after finding that repeated notices uploaded only on the GST portal did not provi...
Goods and Services Tax : GSTN has made Ship-to GSTIN conditionally mandatory in specified e-Invoice and e-Way Bill workflows. The change introduces stricte...
Goods and Services Tax : Haryana has directed officers to send GST show cause notices and demand orders by registered or speed post in addition to portal-b...
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...
Finance Minister Arun Jaitley on Sunday chaired the 16th meeting of the GST Council which has decided: ♦ Increase in turnover limit for composition scheme ♦ Rate adjustment as received from various industry representative ♦ Finalising Accounts and Records Rules and their format
In GST, Composite Supply, Mixed Supply, Taxable Supply, Zero Rated Supply, Exempt Supply, Continuous Supply, Intrastate Supply, Inter-State Supply, etc. are the types of Supply. Among these types Composite Supply and Mixed Supply are the important types.
Government emphasizes that Goods and Services Tax (GST) is scheduled to roll-out on 1st July, 2017; CBEC in coordination with the State Governments has increased their Outreach Programmes so as to reach the last trader.
CGST shall be levied by the Central Government on the intra-state supply of goods and / or services, SGST / UTGST shall be levied by the State Government / Union Territories on the intra-state supply of goods and / or services, IGST shall be levied by the Central Government on the inter-state supply of goods and / or services.
Due to GST the prices of jewellery will be increased by 0.99% or 2.79% without making charges or including making charges respectively. In the excise, SSI exemption up to Rs. 6 crore is available but this limit will remain up to Rs. 20 lakh in the GST. Due to this more assesses will cover under the GST.
Currently in ICES, State Codes are maintained as per RBI list, and is used being for declaration in Bills of Entry and Shipping Bills for various purposes.(State of Origin in Shipping Bill and State Code for VAT Registration).
Working capital is a common measure of a company’s liquidity, efficiency, and overall health. It is the cash available for day-to-day operations of an organization. There are some apprehensions that in GST regime, the working capital requirements will increase. Let us check the truth with some practical transactions like stock transfer, import under Advance Authorization, Advance payments, supplies to Government & its agencies – TDS, Samples on Approval basis – Returnable / Non- Returnable, Inverted Duty Structure etc.
Under GST the whole scenario will change and new destination based taxation will come into picture where taxes will be retained by the states consuming the goods and not by the states from where supplies (sales) are made.
Maintenance of accounts and records has always been an important concept. The same is under GST also, but the rules are different. GST Council in its 16th meet held on June 11, 2017, finalized the rules related to maintenance of accounts and records. In this write- up, all rules related to maintenance of accounts and […]
GST Council in its meeting held on 11th June 2017 has exempted the following from registration under section 23(2) of the CGST Act 2017 of Individual advocates (including senior advocates) Individual sponsorship service providers (including players) Related Post – GST Service: Amendment in Tax / Registration exemption and Rates Under Section 23(2) of CGST Act […]
