GST Articles

Analysis of provisions of inspection, search, seizure & arrest under GST Act 2017

Posted by FCS Deepak Pratap Singh 25 May 2022 20533 Views

The GST Act,2017 has given enormous power in the hand of GST Officers ,even to arrest person evading tax or claiming fake input tax or in case of fraud.

Can CA be arrested - Section 69 vs. Section 132 of the CGST Act

Posted by Bimal Jain 23 May 2022 24335 Views

In the administration of taxation, the provisions for arrests are created to tackle certain situations raised by some unscrupulous tax evaders. Arrest provisions may appear to be very harsh but these are necessary for efficient tax administration and also act as a deterrent and instil a sense of discipline.

SC: No IGST on Ocean Freight under RCM for CIF Import

Posted by Bimal Jain 23 May 2022 4604 Views

The Hon'ble Supreme Court in Union of India & Anr. v. M/s Mohit Minerals Pvt. Ltd.[Civil Appeal No. 1390 of 2022 dated May 19, 2022] upheld the judgement given by the Hon'ble Gujarat High Court to hold that no IGST is payable on ocean freight under Reverse Charge Mechanism ("RCM") for Cost, insurance, and freight ("CIF") imports as Indian importer is liable to pay IGST

Uncontrolled Systems And Procedures Of GST

Posted by CA Sudhir Halakhandi 20 May 2022 5519 Views

The revenue of GST is increasing continuously and for this the business, industry and government of India deserves congratulations but at the same time there is no reduction in the problems of tax payers and professionals and the government should now pay attention to them

Analysis of risk parameters of scrutiny of GST Returns as per SOP issued by CBIC

Posted by Ishan 20 May 2022 22717 Views

The Indicative list of Parameters introduced by CBIC vide Instruction No. 02/2022-GST dated 22.3.2022 in Standard Operating Procedure (SOP) for Scrutiny of returns u/s 61 of CGST Act read with Rule 99 of CGST Rules for F.Y. 2017-18 and F.Y. 2018-19 are enumerated hereunder:

ITC reversal for Credit Notes in GSTR-3B - What if Net ITC is reported directly in GSTR-3B?

Posted by Vivek Agarwal FCA, CS, LLB 19 May 2022 11644 Views

In this article, the author has provided draft contentions that can be used to defend this query of the department.

E-way bill is redundant - Why not abolish?

Posted by Lekhraj sood 16 May 2022 7526 Views

In a dispute concerning e-waybill, recently Hon'ble Gujarat High Court ruled in favor of taxpayer in the case of Dhabriya Polywood Limited Vs Union of India. In this case, everything was correct like invoice, e-waybill etc. except a small mistake of selecting wrong ODC type of vehicle in the e-waybill.

Gujarat High Court Delivers Two in One Reliefs for Real Estate Industry in India

Posted by CA Ankit Gulgulia (Jain) 11 May 2022 7374 Views

On 6th May, 2022, The Hon'ble Gujarat HC delivered a 'soothing to the sight' of developers and builders judgement in case of MUNJAAL MANISHBHAI BHATT VERSUS UNION OF INDIA 2022 (5) TMI 397 wherein it has in principal addressed to two issues of GST on Real Estate.

Is Registration Under GST Mandatory?

Posted by InstaFiling Team 09 May 2022 10636 Views

The Tax Identification Number, now known as the GSTIN is a 15 digit unique code that is assigned to every business that registers itself under the GST. You can apply for a GSTIN by registering for GST which is a cost-free process facilitated by the Government of India.