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 : The Finance (No 2) Act 2024 been notified on 16th August 2024. The Finance Act sections 114 to 157 Page 114 to 157 (Page 67 to 6...
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 : 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 : Sri Avantika Contractors (I) Limited. Vs Appellate Authority for Advance Ruling (GST) and others. (Telangana High Court) Telangana...
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 : 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...
Delay in Filing of Appeal beyond period of 1 month condoned as Cancellation of Registration would affect the livelihood and violate Article 21 of Constitution
Explore the latest GST notifications issued by CBIC on July 5, 2022, post the 47th GST Council Meeting. Key updates include interest imposition on incorrect ITC utilization, new rules for interest calculation, extension of timelines, and changes in FORM GSTR 3B and annual return filing. Stay informed for compliance and optimal financial planning.
Explore the detailed analysis of 7 GST Circulars issued by CBIC on July 6, 2022, following the 47th GST Council Meeting recommendations. Understand key insights on GSTR filing, demand and penalty provisions, deemed exports, blocked ITC, perquisites, refund processes, and duty-free shops. Stay informed about the latest updates impacting GST compliance and regulations.
CBIC issued notification No. 09/2022-Central Tax to 14/2022-Central Tax under Central Goods and Service Tax (CGST) Act, 2017 on 05th July 2022
Here I have tried to summarise in 10 achievements and opportunities that became possible because of GST and 10 risks and challenges arising due to GST.
Govt clarified that GST in exempt on on final cost of Indian National Flag Tiranga supplied under Har Ghar Tiranga programme. Relevant clarification is as follows:- MOST IMMEDIATE F. No. 354/17/2022-TRU Government of India Ministry of Finance Department of Revenue Tax Research Unit Room No. 156, North Block New Delhi, 8th July, 2022 OFFICE MEMORANDUM […]
Explore the recent GST Circular dated July 6, 2022, clarifying Ineligible Credits under Section 17(5) of CGST Act, 2017. Get insights on mandatory ITC eligibility for specified services.
Recommendations of 47th GST Council Meeting The 47th GST Council met under the chairmanship of Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman in Chandigarh on 28th and 29th of June, 2022. The meeting was also attended by Union Minister of State for Finance Shri Pankaj Choudhary besides Finance Ministers of States & UTs […]
Gujarat HC directed department to grant refund of IGST already paid by the assessee on the amount of ocean freight charges.
Explore the recent refinement in the formula for claiming a refund of Input Tax Credit (ITC) under the Inverted Duty Structure in GST. Understand the changes, implications, and how it affects taxpayers.
