In this article, we will discuss some common GST return filing issues made while filing GST returns and how to avoid them.
The ever-evolving GST laws have been changed once again with important updates in CGST Act, 2017 and CGST Rules, 2017 becoming effective from 1-10-2022.
A major benefit of the policy was the exemption from excise duty for the first 10 years from the date of commercial production, the said exemption was granted through an exemption notification issued under the Central Excise Act.
What could be the reason that out of two Partners, one was suffering from ill health and another partner also didn't file a Revocation Application within time?
There was amendment in sec 75(12) of the Central Goods and Services Tax Act, 2017 ("the CGST Act"), which were introduced vide the Finance Act, 2021 but brought into effect only from January 1, 2022 through Notification no. 39/2021-central tax dated December 21, 2021.
Taxability of Renting of Motor vehicle designed to carry passenger ['MVDCP'] under Reverse/Forward Charge Mechanism [RCM/FCM]
Fake Invoice refers to a 'Non-compliant GST Invoice'
As per Section 2(76) of CGST Act, 2017 Motor vehicle shall have the same meaning as assigned to it in clause (28) of section 2 of the Motor Vehicles Act, 1988.
As you are aware taxable event in GST is supply of goods or services or both. Various taxable events like manufacture, sale, rendering of service, purchase, entry into a territory of State etc. have been done away with in favour of just one taxable event i.e. supply.
As per Section 7(5)(b) of the IGST Act, 2017 says that Supply of goods or services or both made to or by a Special Economic Zone developer or a Special Economic Zone unit shall be treated to be a supply of goods or services or both in the course of inter-State trade or commerce.
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