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…
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…
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…
For the financial year 2022-23, due date of filing of GSTR-3B depends on various parameters. So, it is necessary to check all those parameters to decide the due date of filing the GSTR-3B for any tax period, failing…
“Intermediary” is a term which is widely used under GST and disputed on account of taxability specifically in case of international trade. In this article, an understanding on such term and its disputes are compiled. Legal Background Definition…
Likewise in earlier years, the Government through CBIC, brought up a Scheme for non-filers under GST. The core purpose behind the scheme is to provide financial assistance to non-filers and to bring them back in the GST system…
For the financial year 2021-22, due date of filing of GSTR-3B depends on various parameters. So, it is necessary to check all those parameters which decides the due date of filing the GSTR-3B for any tax period, failing…
Recently, National Informatics Centre (NIC) has issued an updated Mobile App for officers to track the Vehicles carrying goods through e-way bill details. As per NIC, the e-way bill system has been successfully integrated with FasTag and RFID.…
Under GST Laws, officers are empowered to cancel the GST registration certificate issued to any taxpayer under certain circumstances. Parallely, a revocation facility is also being provided to taxpayers to reinstate the registration by applying to the officer…
During the first wave of Corona pandemic in India in the year 2020, the government comes out with various relaxations in relation to due date for payment of taxes, filing of returns, lower interest rates, etc. Again in…
Recent Comments