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 : Karnataka HC ruled that under Section 75(4) of CGST Act, a hearing opportunity must be granted before passing an adverse order. Ba...
Goods and Services Tax : Understand GST provisions for invoices and credit notes in the sale of under-construction flats/shops, including time limits, e-in...
Goods and Services Tax : In the recent times, GST Department by exercising the powers bestowed on them by way of Section 65 of the CGST Act 2017, has been ...
Goods and Services Tax : Get the latest updates on GST portal advisories issued in July-August 2024, including changes in registration, refund processes, a...
Goods and Services Tax : 16 अगस्त से 15 अक्टूबर 2024 तक सीबीआईसी द्वारा जीएसटी फ�...
Goods and Services Tax : A Superintendent in Nadiad is sentenced to 5 years for bribery. CBI also investigates two GST officers in Hyderabad for demanding ...
Goods and Services Tax : Join our webinars on GST Tribunals preparation. Learn to grow your IDT practice and prepare for GSTAT with expert guidance. Regist...
Income Tax : Join our live course from Aug 23-25, 2024, to master tax audits, including Form 3CD, financial statements, and GST, with practical...
Income Tax : Explore the financial impact of tax exemptions for BCCI and IPL, government actions, and proposed reforms from the latest Rajya Sa...
Income Tax : Explore the latest updates on tax benefits for skill development institutions in India, including GST exemptions and income tax re...
Goods and Services Tax : Madras HC sets aside dismissal of GST appeal for delay, remands case to the appellate authority for fresh consideration despite th...
Goods and Services Tax : Delhi HC grants interim protection to a petitioner alleging misuse of GST credentials for ITC claims, pending further investigatio...
Goods and Services Tax : Bombay High Court held that amount payable has been quantified before 30th June 2019 and hence eligible to avail benefit under Sab...
Goods and Services Tax : Rajasthan HC ruled that appeals should be considered on merits, even if filed late, quashing a CGST order dismissing an appeal as ...
Goods and Services Tax : Rajasthan HC dismisses petition challenging 18% GST on samosa and kachori, directs Sodhani Sweets to approach the Appellate Author...
Goods and Services Tax : Maharashtra GST Circular No. 21T of 2024 updates guidelines for recovering outstanding dues after first appeal until the Appellate...
Goods and Services Tax : Instruction No. 03/2024-GST outlines procedures for CGST audits, emphasizing uniformity and reducing litigation through adherence ...
Goods and Services Tax : Kerala SGST department issues a circular clarifying the method of penalty calculation under the IGST Act, 2017 for tax demands mad...
Goods and Services Tax : CBIC's latest updates include a Customs cooperation deal with New Zealand, a new Hindi magazine, and significant seizures of smugg...
Goods and Services Tax : CBIC issues guidelines for a second All-India drive to detect and eliminate fake GST registrations, safeguarding government revenu...
Stay compliant with statutory tax deadlines in April 2023. Article covers deposit dates for TCS, TDS, GSTR-7, GSTR-8, GSTR-1, GSR-1 QRMP, GSTR-6, TDS Certificate, Form No. 15CC, Form No. 3BB, Provident Fund/ESI, GST CMP-08, GSTR-3B, GSTR-5, GSTR-5A, GST ITC-04, GSTR-4, Form 24G, Form 15G/15H, TDS Challan, and Form No. 61 filing.
Amnesty April 2023: Explore the impact of the 49th GST Council Meeting decisions, including waiver of late fees for GSTR 4, GSTR 9, and GSTR 10. Key relief measures for MSMEs, revocation applications, and more.
Get a concise overview of crucial GST Notifications dated 31/03/2023. Explore changes in late fees for GSTR-4, revocation of cancelled registrations, reduced late fees for GSTR-9, amnesty provisions, and revised timelines for adjudication orders under GST. Stay updated on the latest GST updates
Explore the latest GST amendments effective from 01.04.2023 through notifications issued on 31-03-2023. Key changes include waiver of late fees, revocation of registration, Aadhaar authentication, and extended time limits. Stay informed about GST updates
Section 16(1) of CGST Act, 2017 provides that input tax shall be allowed on goods or services which are used or intended to be used in the course or furtherance of business. Further, Section 17(5) disallows credit on certain goods and services.
The gross GST revenue collected in the month of March 2023 is ₹1,60,122 crore of which CGST is ₹29,546 crore, SGST is ₹37,314 crore, IGST is ₹82,907 crore (including ₹42,503 crore collected on import of goods) and cess is ₹10,355 crore (including ₹960 crore collected on import of goods).
Due Dates under Goods and Service Tax, Income Tax Act, FEMA, LLP Act, FEMA, Companies Act, 2013 in the Month of May 2023. Professionals should adhere these due dates to save the Corporates from the Non Compliances.
GST eInvoice System eInvoice portal (from 1st April 2023) The 2nd Invoice Registration Portal (IRP) by National Informatics Centre (NIC) NIC is happy to introduce eInvoice2 portal. It is second portal of NIC – IRP (National Informatics Centre – Invoice Registration Portal), this is in addition to the existing eInvoice1 portal. Eligible tax payers can […]
Many dealers are not able to file GST Revocation request due to time limit of 30 days. This is golden opportunity for them. They may file their returns within specified time period and save their GST Registration, GST Credits Etc.
Explore the critical GST perspectives during Statutory Bank Audits. Learn about transactions, exemptions, reverse charges, place of supply, and their impact on banking company financials. Understand GST implications on various services, foreign transactions, legal services, and input tax credit. Ensure compliance with GST rules, place of supply provisions, and export supply conditions. Trustworthy insights for Auditors conducting Statutory Bank Audits in the evolving GST landscape.
