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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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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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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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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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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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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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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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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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 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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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This presentation by Adv. Vineet Bhatia covers the meanings of remand, different offenses under GST such as evasion of tax, wrongful availment of input tax credit, and obstructing officers, and the procedures related to arrest, bail, and anticipatory bail in the context of GST violations.

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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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The 54th GST Council meeting introduced crucial GST rate changes on goods and services, new RCM rules, and updates on Section 128A. The Council also recommended B2C e-invoicing rollout and clarified the taxability of various ancillary services.

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Join CA Venugopal Gella at the 2-day National Conference on GST to delve into topics such as e-invoice, litigative issues, e-way bill, legal provisions, notifications, rules, and exemptions. Explore relevant dates, persons exempted, and transactions covered by e-invoicing. Gain insights on important

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Explore the implications of taxable supply under GST in the real estate sector, various tax rates, input tax credit mechanisms, and anti-profiteering measures. Delve into the fundamental concepts of GST Act and activities treated as supply under different schedules.

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Goods and Services Tax (GST) time of supply, also known as TOS, determines when GST becomes payable on a supply. This includes various elements like agreement to supply, delivery of goods, provision of services, invoice issuance, payment, and recording of payments. The time of supply for goods and s

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Exploring the nuances between tax fraud and tax avoidance in the context of GST, this content delves into types of GST abuse, Division 165 anti-avoidance rule, scheme structures, and consequences of GST fraud. Learn about the implications of dishonest tax practices and lawful tax conduct in the real

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This content provides information on the scope and implementation of sales tax on services in different countries like Pakistan, India, Australia, Canada, France, Japan, and Malaysia. It highlights the VAT/GST regimes across the globe, the number of countries implementing VAT/GST by region, and coun

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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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Explore the significant impacts of GST on customs brokers as discussed by Deepak Mata, Assistant Director at the National Academy of Customs, Indirect Taxes, and Narcotics in Mumbai. The presentation covers key concepts of GST, the role of customs in supply chains, and the effects on imports and exp

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Presentation by Anandh Sundar discusses the impact of GST on sectors like food, changes in rates, luxury cess, fiscal revenue, and more. It delves into how GST affects pricing, margins, and consumer behavior within various industries. The presentation highlights key considerations for investors and

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Explore significant judgments like State of Maharashtra v. Suresh Trading Company and UOI v. Bharti Airtel Ltd. highlighting the importance of relying on registration certificates, the doctrine of "Lex non Cogit Ad impossibilia", and the self-assessment obligations under the GST Act. These cases emp

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Introduction to GST refunds focusing on refund of accumulated credit under GST for zero-rated supplies, the procedure for claiming refund of accumulated ITC, and filing and obtaining GST refund. It covers the eligibility criteria, required documents, formula for calculating refund amount, and step-b

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Catch up with our September 2024 newsletter, featuring important GST updates, recent judgements related to GST and Service Tax and compliance calendar. Get a comprehensive overview of last month's regulatory changes and rulings that could impact your

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