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Section 128A : Immunity from Interest and Penalty under Non-Fraud Cases

From December 2023 to August 2024, the GST Department had issued a large set of Demand Orders for the initial three Financial Years viz. FY 2017-18, FY 2018-19 and FY 2019-20. Based on the inputs from field formations…

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GST on Warehousing Services under 3PL Arrangements

In today’s era, Warehousing Services under 3PL Arrangements play an important role in Supply Chain Management. For the growth of a business, Business Models like C&F on Commission basis or franchise based model of business are already in…

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All-India Drive Against Fake GST Registrations- 16.08.2024 to 15.10.2024

Central Board Indirect Taxes & Customs, GST Policy Wing has issued an Instruction to GST Departmental Officers vide Instruction No. 02/2024 dated 12/08/2024 to run a Drive on All India Basis to weed out fake registrations and/or non-existent/closed…

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GST on Passenger Transport Services (Land) w.e.f. 18/07/2022

We are writing this article as per recent law amended w.e.f. 18/07/2022. There are three Type of services which are being used inter-changeably in general in the case of Transport Services through Land for persons :- Passenger Transport…

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Reversal of ITC required where Supplier failed to file GSTR-3B

On 26/12/2022, CBIC brought in a new notification amending CGST Rules 2017 to insert a new rule in the law book, wherein, it has provided that Recipient of Goods or Services or both is liable to reverse ITC…

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Whether ITC Available for Export Freight Transactions ?

GST Law was brought into force w.e.f. 01/07/2017. With the introduction of law, certain services were kept under absolute exemption, some under conditional exemption and some were provided for a given period. However, following transactions were not kept…

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Finance Bill 2023 – GST Proposals

The Finance Bill 2023 was presented in Lok Sabha by our Finance Minister Smt. Nirmala Sitharaman on 1st Feb 2023. Among other things, certain proposals were provided to amend GST Laws with respect to issues raised by industry…

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GST for Transporters providing goods transport services by road (GTA Services) from 18/07/2022

W.e.f. 18/07/2022, the drastic change come across Transport Sector (Road). In this article, we will understand the GST tax structure for transporters providing GTA (Goods Transportation Agency) services by road (in short, GST on GTA service). Government has…

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Chainless shackles to improve Compliance in GST

With the evolution of GST law, compliance was the primary concern for the law makers. By the passing of time, fake billing and tax evaders also found a good share in the market as their was numerous loops…

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Manner of Calculation of Interest Liability under GST

Even after completion of five years of GST laws implementation in India, still, things getting evolved. And, this evolution is in such manner that after five years, it is being imposed/applied with retrospective effect from very first day…

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