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 : Overview of GST tax liability, self-assessment, and the distinction between scrutiny under Section 61 and actions under Sections 7...
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 : 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...
Corporate Law : Bombay HC upholds priority of Janaseva Sahakari Bank's secured interest over Sales Tax Dept’s claims, setting aside the mutation...
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 : 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...
It is held that HC has erred in entertaining the writ petition against the SCN and quashing of notice is pre-mature and the merits of the case have to be considered by the original authority in an appropriate proceeding.
Clarification on GST for proprietors renting residential dwellings for personal use. Exemption extended to registered proprietors renting for their own residence, effective from 18.07.2022. GST not applicable to proprietors’ personal usage. Retrospective application allows refund claims for wrongly paid GST. Note The clarification doesnt explicitly cover registered partnership firms/companies renting for partners/directors residence, subject to reverse charge mechanism. Stay informed for accurate GST compliance.
Under the Companies Act, 2013, the Odisha High Court rules that an assessee cannot claim a supplementary refund based on a fresh calculation after the processing of the original refund application. In Vedanta Ltd. vs. Union of India, the court states that when Input Tax Credit (ITC) is claimed for multiple units under a single GSTIN, the assessee cannot seek supplementary refund by treating each unit as a separate entity.
GSTIN (Goods and Services Tax Identification Number) is a unique 15- digit number to every taxpayer, either taxpayer is dealer or supplier or any business entity.
Prosecution case against petitioner is that he created fake firms for availment and passing of fake/ ineligible Input Tax Credit (ITC) to facilitate existing beneficiary firms.
Putting the responsibility on the shoulders of the buyers or the Chartered Accountant or Cost Accountant of the supplier is incorrect. The GST authorities are so unequipped that they can catch the persons who have not paid the taxes.
As Customs officers, we are all members of a special international community with many shared objectives and common goals. Our engagement with our international partners has always been special. It was in keeping with this commitment that the Customs Cooperation Fund (India) was established at the World Customs Organization (WCO) in 2019.
HC permitted assessee to make necessary changes to its Form GSTR 3B returns for July, 2017 and March, 2018 and held that, allowing the assessee to make such changes, would not cause any prejudice to Revenue Department nor would it upset the chain of credit under GST
Understand the implications of the second proviso to Section 16 of the CGST Act and CGST Rule 37, where recipients failing to pay suppliers within 180 days must reverse input tax credit. Learn about interest requirements and the relief provided for related and distinct persons, allowing them to avail input tax credit without making payments for supplies among themselves.
Stay updated with recent GST clarifications till January 22, 2023. CBIC empowers GST Intelligence or Audit Additional Assistant Directors, approves setting up digital forensic labs, and issues circulars on various taxability issues. Clarifications on Rab classification, GST on Dal milling by-products, carbonated beverages, snack pellets, SUVs, IGST rates, accommodation services by Air Force Mess, and incentives by MeitY to banks.