E-commerce operations are growing at the swift pace in India. Every person of this age wish to explore the opportunities in the world of e-commerce. The primary reason behind the pace of e-commerce is the limitless approach of this model. In this business model, there is no limit to customer […]
With the implementation of GST as a new law, it brings some provisions which creates disturbances in the implementation vis-a-vis adoptability by taxpayers, professionals and judiciary. One of such provision is GST liability on advances receipts. There are so many questions on mind in respect of this, like:- What is […]
Section wise IGST Act 2017 Section 1 : Short title, extent and commencement Section 2 : Definitions Section 3 : Appointment of officers Section 4 : Authorisation of officer of state tax or union territory tax as proper officer in certain circumstances Section 5 : Levy and collection Section 6 […]
Coronavirus occurred at the times when India was at the verge of closing its financial year, many of the events/things likely to change with the closing of one financial year and opening of new financial year. Under GST Laws too, among others, there are so many things/events to be checked […]
Section 25 of CGST Act 2017 prescribes the manner of application for registration under the act. At the time of commencement of application of Act, Aadhaar authentication was not mandatory for registration under GST. However, due to big-bang defaults, ITC frauds through dummy firms, fake refunds, fake invoice mobilisation, government […]
Section 7 of IGST Act 2017 determines nature of supply of goods or services or both in the course of inter-state trade or commerce. Sub-section 5 of such section provides that following supplies shall be treated to be a supply of goods or services or both in the course of […]
Ministry of Finance (MOF) has declared Goods and Services Tax Database and its associated infrastructure dependencies installed at Goods and Services Tax Network (GSTN), as the protected system under Information Technology Act, 2000. MOF vide notification dated 4th February 2020, has declared that only following persons shall be authorised to […]
Section 77 of CGST Act 2017 and Section 19 of IGST Act 2017 deals with the situation where tax paid under wrong heads. As per Section 77(1) of CGST Act 2017, a registered person who has paid the Central tax and State tax or, as the case may be, the […]
Legal Provisions for Non-Filers or say “return defaulters” Section 46 of CGST Act 2017 identifies a registered person as tax return “defaulter” who fails to furnish a return under section 39 (Monthly/quarterly return) or section 44 (annual return) or section 45 (Final return). Sometimes, these persons also called as non-filers. […]
As the government has provided the fully online module for all type of refunds w.e.f. 26/09/2019, it has issued a circular to clarify various issues on refunds along with detailed procedure for application of refunds. Refund procedure has been discussed in our earlier article >>> New Procedure for Refund-Fully Online […]