Works contract services under the CGST Act, 2017 involve various activities related to immovable property with the transfer of goods, treated as a supply of services. The levy of tax on different types of works contracts is explained, highlighting the applicable rates for different scenarios such as

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The content discusses significant judicial pronouncements and case law updates related to GST, focusing on issues such as reversal of input tax credit, detention of goods during transit, and responsibilities of purchasers under the CGST Act. It emphasizes the importance of compliance, clarification

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Explore the innovative practices and initiatives undertaken by the CGST & CX department in Jaipur Zone, including modifications to the role of Deputy Director (Cost), monthly newsletters for communication, DC/AC conferences for officers, and guidelines on examining fraudulent refunds. These efforts

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Dive into the latest judgments and rulings regarding GST issues, focusing on topics such as Input Tax Credit discrepancies, supplier obligations, and High Court verdicts. Explore real-life cases like Suncraft Energy Ltd. in Calcutta High Court, analyzing repercussions and legal perspectives. Gain in

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The realm of GST in real estate, particularly works contracts and property sales, is intricate and crucial to the country's GDP growth. This includes transactions like leases, constructions, and sales, all of which have specific provisions under the CGST Act. While some real estate transactions are

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The Kerala High Court upheld Sections 16(2)(c) and 16(4) of the CGST Act, affirming their constitutional validity. The court ruled that Input Tax Credit (ITC) is a conditional entitlement, not an absolute right. The judgement emphasized the importance of the statutory scheme, rejecting challenges to

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Explore the concept of consideration in relation to the supply of goods or services under the CGST Act, along with indicators of consideration, supply without consideration scenarios, and implications for GST valuation. Learn about the significance of direct link between supply and consideration, tr

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This content discusses the transitional provisions in GST, including Circular No. 180/2022, filing of TRAN-1/TRAN-2, key sections of the CGST Act, and the Herculean Task faced by officers in verifying transitional credit claims. It also touches upon the Supreme Court orders in UOI vs. M/s. Filco Tra

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Departmental audits in GST involve the examination of records, returns, and other documents to verify the correctness of turnover declared, taxes paid, refunds claimed, and input tax credit availed. This audit ensures compliance with the provisions of the CGST Act, 2017. Types of audits under GST in

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The E-Way Bill System in India mandates the electronic submission of information for goods exceeding Rs. 50,000 before movement. This system aims to facilitate nationwide goods movement, reduce corruption, and enhance tax compliance. Traders benefit from streamlined processes and reduced waiting tim

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Computerised Accounting System is a modern tool replacing manual accounting, facilitating easier processing of financial transactions and tax liabilities. Goods and Service Tax (GST) is an indirect tax introduced in India in 2017, simplifying tax structure. Various types of GST include IGST, CGST, S

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Section 128A of the CGST Act, effective from November 1, 2024, offers a waiver of interest and penalties for tax demands under Section 73 for specified periods. Taxpayers must file applications and make payments by June 30, 2025, or within six months

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