Commissionerate of CT & GST, Odisha
The best practices implemented by the Commissionerate of CT & GST, Odisha Finance Department, including system integration for data analytics, monitoring cases, and information from ORERA.
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Contemporary Issues in Writ Jurisdiction in GST
The use of writ jurisdiction to enforce rights in GST and the powers of the High Court under Article 226 of the Constitution of India. Examining cases and circumstances where writ jurisdiction can be invoked.
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Online Accounting Software with GST
In today's fast-paced business environment, staying ahead requires smart financial management. One of the key tools revolutionizing this space is online accounting software with GST. Let's delve into the intricacies of this technological marvel and understand why it has become a must-have for busine
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Online Accounting Software with GST
In today's fast-paced business environment, staying ahead requires smart financial management. One of the key tools revolutionizing this space is online accounting software with GST. Let's delve into the intricacies of this technological marvel and understand why it has become a must-have for busine
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GST Controversies and Input Tax Credit Issues
Explore controversies under GST related to input tax credit issues. Learn about recent cases involving reversal of credits, buyer responsibilities, and legal implications for buyers and sellers. Understand the complexities of availing input tax credits under GST.
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Understanding Works Contract Services Under GST Act 2017
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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Risk Analysis for GST Enforcement
Delve into the cutting-edge approach of ANVESHAN for risk analysis in GST enforcement, focusing on early identification of risky taxpayers, anomalies in digital information, and actionable intelligence to combat fraud. This presentation highlights the utilization of registration documents, E-way bil
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Cancellation, Suspension and revocation of GST registration
the matters relating to cancellation of GST registration specifically cancellation from retrospective date are being seen on recurring basis. Almost, every other day we see judgement pronounced by some or other High Court dealing with cancellation of GST registration by department.\nHence, by way of
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Banking Sector Services under GST
The banking sector services under GST encompass a range of offerings including wealth management, wholesale banking, retail banking, investment assistance, and asset management services. Banks serve as brokers and portfolio managers, charging fees for their services. Revenue is generated through len
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Overview of Enforcement Initiatives and Outcomes at National Conference of Enforcement Officers
Delve into the insights shared at the National Conference of Enforcement Officers on 4th March 2024, focusing on enforcement initiatives such as National Special Drive, actions by the Centre and State, technology interventions, and policy changes. Uncover details on fake billing structures, motives
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Snapshot of GST Issues, JDA, Redevelopment, and Real Estate Taxation
National Conference on Indirect Taxes highlighted GST issues, Joint Development Agreements, and Redevelopment for Builders and Developers. The event presented key insights on the amended scheme of taxation for ongoing and new projects, along with the tax implications of transferring DR/TDR/FSI/Lease
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National GST Enforcement Officer’s Conference. 4th March,2024
The State Tax Department of Uttarakhand has organized the National GST Enforcement Officers Conference and has been actively involved in enforcing taxation regulations and conducting investigations. They have a well-structured enforcement setup with mobile units and special investigation branches to
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Important GST Judicial Pronouncements and Case Law Updates
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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Effective Handling of Notices under GST: Insights and Best Practices
Understand the significance of Show Cause Notices (SCN) under GST, the principles of natural justice, and common elements in SCNs. Learn about the necessity of proper proceedings, cause of action, and compliance to the law to effectively respond to notices. Key aspects include the audi alteram parte
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GST - Action Points of Closing of FY 2023-24
As we enter March 2024, businesses are getting ready to follow GST rules for the end of FY 2023-24 and the start of FY 2024-25. It's crucial to do this right because it affects financial reporting and taxes. The checklist helps with things like checking tax credits, reconciling supplier info, and ma
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March 2024- Latest GST Notifications and Judgement
In the latest edition of \u201cGST Update and Judgements: March 2024,\u201d we will delve into the most recent developments in Goods and Services Tax (GST) regulations and legal interpretations. In this comprehensive update, we bring insights into the key GST amendments and noteworthy judicial decis
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Issuance of notice in Form GST ASMT-10
Form GST ASMT-10 is a scrutiny notice issued to intimate the discrepancies observed by the officer while verifying the GST returns filed by the taxpayer.\n\nUpon scrutiny of GST returns by GST authorities, if any discrepancy is noticed, he may issue a notice in Form GST ASMT-10. In the said notice t
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Legal Challenges in GST Enforcement
Explore the legal framework and challenges in GST enforcement through searches, seizures of cash, summonses, and arrests. Get insights into key court cases and constitutional challenges affecting the enforcement process.
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GST Jurisdiction and Enforcement Procedures Explained
This content covers various situations involving GST enforcement, such as denial of tax payment options, cancellation of registrations, rejection of applications, and more. It also discusses show cause notices under different sections, the role of proper officers, and jurisdiction aspects in the con
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Understanding Recent Judgments and Rulings on GST Issues
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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Understanding GST Nuances in Real Estate
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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Key Highlights of 53rd GST Council Meeting
The 53rd GST Council Meeting, chaired by Union Finance Minister Nirmala Sitharaman on June 22, 2024, introduced significant changes including GST rate adjustments, compliance relaxations, and trade facilitation measures.
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Key Highlights of 53rd GST Council Meeting
The 53rd GST Council Meeting, chaired by Union Finance Minister Nirmala Sitharaman on June 22, 2024, introduced significant changes including GST rate adjustments, compliance relaxations, and trade facilitation measures.
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Understanding E-Way Bill Applicability and Practical Issues in GST
The seminar discusses key topics related to E-Way Bill in GST, including its applicability, notification changes, case studies, consignment note, and scenarios requiring E-Way Bill generation. Various aspects such as transportation, movement, and document requirements are covered to provide clarity
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Understanding GST Registration Essentials
Dive into the intricacies of GST registration with a focus on different types of registration, eligibility criteria, exemptions, and aggregate turnover calculations. Gain insights from expert CA Indranil Das on key topics and practical issues related to GST registration. Unravel examples, explore pe
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Notifications & Circulars - In light of 53rd GST Council Meeting Recommendation
Explore the key updates from the 53rd GST Council Meeting, including Circulars 224\/18\/2024 GST, 225\/19\/2024-GST, and 226\/20\/2024-GST. Understand the amendments from Notification No. 12\/2024-Central Tax affecting corporate guarantees, ITC distr
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Analysis of GST Provisions in the Banking Industry
The Goods and Services Tax (GST) regime replaced the old service tax regime on July 1, 2017. In the context of the banking industry, the provisions governing GST for services provided by Cooperative Banks and Banking Cooperative Societies are similar to those of the service tax regime. While interes
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GST Implications in case of Accommodation service in 53rd GST Council meeting
Notification No. 4\/2024 amends the GST exemption rules for accommodation services effective 15 July 2024. Heading 9963 is removed from Notification 12\/2017, and a new explanation excludes certain accommodations like hostels from exemptions. A new e
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Understanding GST Valuation Rules and Consideration in Supply
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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Understanding GST Implications on Builders, Developers, and Contractors
Explore the legal background of GST in relation to builders and developers, including the retrospective amendments affecting under-construction properties. Learn about the paradigm shift in GST on real estate from April 1, 2019, affecting ongoing and new projects, with optional schemes and varied ta
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Understanding Tax Invoices and Billing Procedures under GST
An in-depth overview of tax invoices, credit notes, and debit notes, focusing on their significance under the GST taxation system. Explains the difference between a tax invoice and a bill of supply, and provides guidance on issuing proper documentation under different scenarios. Covers the time limi
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Understanding Cross Charging and multi-locational units under GST
Cross charging and multi-locational units are important concepts under GST for businesses operating in multiple states. This includes registration requirements, supply definitions, and consequences for stock transfers. Learn how these aspects impact taxation and compliance in the GST framework.
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Overview of GST Framework in India for Liner Training
This draft report delves into the Goods and Services Tax (GST) framework in India, covering the taxes to be subsumed, duties and taxes to remain, state cesses and surcharges, considerations for the oil and gas industry, and more. It provides insights on the proposed GST structure and its implication
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Powers to Summon Persons and Produce Documents under GST and Central Excise Acts
The content discusses the power of the proper officer under the Goods and Services Tax (GST) Act and the Central Excise Act to summon individuals to provide evidence and produce documents for inquiries. It also highlights the judicial significance of such inquiries and the obligations of individuals
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Understanding Transitional Provisions in GST and Legal Framework
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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Understanding GST Returns: Types, Benefits, and Mechanisms
GST returns play a crucial role in the tax system by providing necessary information to the government in a specific format. They include details of outward and inward supplies, ITC availed, tax payable, and more. Filing returns ensures timely transfer of information, aids in tax liability determina
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Understanding GST Notices: Reasons, Types, and Mode of Delivery
Explore the world of GST notices, including their definition, reasons for issuance, types of notices such as show cause notice and scrutiny notice, common defaults that lead to notices, and the methods used for delivering notices to taxpayers. Gain insight into the important concept of profiteering
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Understanding Departmental Audits in GST
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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Corporate Tax Association 2018 GST & Indirect Tax Corporate Intensive Conference
This year's Corporate Tax Association 2018 conference in Melbourne focuses on providing corporate indirect tax professionals with technical updates and hands-on experience of the latest in indirect tax technology and robotic process automation. The event includes sessions on GST cases, international
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Understanding Appeals and Review Mechanism under GST
Explore the appellate authorities involved in the GST appeal process, from the First Appellate Authority to the Supreme Court. Learn about the power of revisional authority, appeals to the High Court, and appeals to the Supreme Court. Discover the process by which aggrieved parties can seek redressa
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