GST Articles

Conditions for Export Supplies made under Bond or LUT - Rule 96A

Udaya Chandran 10 June 2023 at 14:17

The Government takes a number of steps to make exporting easier in order to promote exports. As long as the exporter complies with specific requirements, expor..

Posted in GST | 732 Views

GST Rate Rationalisation: Key concern in GST Compliances

CA. Heet Shah 10 June 2023 at 08:55

Rate rationalization has been a key area of concern in the GST regime since its implementation. The multiplicity of tax slabs, which currently include rates such as 0%, 5%, 12%, 18%, and 28%, along with additional cess on specific goods, has led to complexities and debates surrounding simplification and uniformity.

Posted in GST | 1626 Views

GST evasion notice: GST Department to move SC against HC relief to Gameskraft

Abhishek Raja 08 June 2023 at 16:03

The revenue department has decided to move Supreme Court against the Karnataka High Court order that quashed a Rs 21,000-crore GST show-cause notice on Bengaluru-based online gaming company Gameskraft.

Posted in GST | 3429 Views

GSTR 3B Table 4 Simplified

CA Kunal Arora 08 June 2023 at 09:44

CBIC vide Notification No. 14/2022 - Central Tax dt. 5th July 2022 read with Circular No. 170/02/2022-GST dt. 6th July 2022 updated the reporting format for GSTR 3B Table 4.

Posted in GST | 1977 Views

GST Registration for OIDAR Services

Ishita Ramani 07 June 2023 at 14:17

The term OIDAR services, which stands for Online Information and Database Access or Retrieval services, pertains to services provided through the internet or electronic networks with minimal human involvement.

Posted in GST | 1599 Views

General Penalty w.r.t Rule 18 in GST Laws: An In-Depth Analysis

Abhishek Raja 07 June 2023 at 08:56

Section 126 of the CGST Act lays down certain guiding principles that must be followed while imposing penalties under the GST regime. These principles ensure that the penalties are imposed fairly, objectively, and in a proportionate manner.

Posted in GST | 2259 Views

Unveiling Power of Section 71: Accessing Business Premises under GST Act

CA Harshit Goyal 05 June 2023 at 08:57

Under Section 71 of the GST Act, any officer authorized by a proper officer, not below the rank of Joint Commissioner, has the authority to access the premises of a registered person's business

Posted in GST | 1 comments | 4398 Views

Delhi's GST Collection Over Rs. 34,000 Crores in 2022: Delhi Finance Minister Kailash Gahlot

Abhishek Raja 03 June 2023 at 09:13

Delhi Finance Minister Kailash Gahlot said the collection of GST and VAT in the city was more than Rs.34,000 crores in 2022-23, and claimed Delhi will be a leading state for tax administration through the intervention of artificial intelligence.

Posted in GST | 1101 Views

E-invoicing in GST and it applicability

CA. Akshat Parakh 31 May 2023 at 14:14

'e-Invoicing' means reporting details of specified GST documents to a government-notified portal and obtaining a reference number. It does not mean generating an invoice on the GST portal. The CBIC notified a set of common portals to prepare e-invoice via Notification No.69/2019 - Central Tax.

Posted in GST | 1 comments | 4026 Views

Last Chance: Extended Due Date for GTA Payments Expires Tomorrow!

Abhishek Raja 30 May 2023 at 08:55

Tomorrow i.e 31st May 2023 is the extended due date for Opt-in / Opt-out for Forward Charge / Reverse Charge for FY 2023-24 [Notification No.03/2022 - CT(R) dated 13.07.2022]

Posted in GST | 3 comments | 4443 Views