GST Articles

GST leviable on services provided by Club or Association to its members retrospectively w.e.f. July 01, 2017

Posted by Bimal Jain 23 December 2021 3001 Views

The Hon'ble Finance Minister, in Union Budget 2021-22, proposed changes vide the Finance Bill, 2021, that amends the Central Goods and Services Tax Act, 2017 ("the CGST Act") to levy GST on services provided by Club or Association to its members.

Aadhaar authentication made compulsory under GST w.e.f. January 01, 2022

Posted by Bimal Jain 22 December 2021 8878 Views

The GST Council in it's 45th meeting inter alia made recommendations regarding the Aadhaar authentication of registration to be made mandatory for being eligible for filing refund claim and application for revocation of cancellation of registration under GST.

CBIC Widens the scope of Section 83 of the CGST Act (Provisional Attachment of Property / Bank Account) w.e.f. January 01, 2022

Posted by Bimal Jain 22 December 2021 6659 Views

The Hon'ble Finance Minister, in Union Budget 2021-22, proposed changes vide the Finance Bill, 2021, that amends the Central Goods and Services Tax Act, 2017 ("the CGST Act") with respect to provisional attachment of property/bank account.

GST registration for restaurants operating exclusively though E-commerce operators w.e.f. 1st January 2022

Posted by CA Aakarsh Jain 22 December 2021 4036 Views

Whether restaurants/cloud kitchen/central kitchen providing restaurant services exclusively through E-commerce operators (ECO) would be liable for obtaining or continuing registration w.e.f. 01-01-2022

Important Changes in ITC and Vehicle Detention w.e.f 1st January 2022

Posted by CA Aakarsh Jain 22 December 2021 9115 Views

The CBIC has issued CGST Notification No: 39 dated: 21.12.2021 which notifies the Sections 108, 109, 113 to 122 of Finance Act, 2021 will be enforced effective from 01.01.2022.

GST refunds stuck due to difference between FOB value and CIF value: An analysis

Posted by Vivek Jalan 21 December 2021 8606 Views

It is seen that the CBIC and DGARM has held back many refunds of exporters due to the difference between the FOB Value of exports as reported in the Shipping Bills and the CIF Value as reported in the GST Invoices which also find a way in the Shipping Bill.

Blocked Credit in GST with examples

Posted by Jatin Pal 21 December 2021 11136 Views

In GST, the government stated a taxpayer can avail ITC of all those inputs of goods and services which are used for supply of goods and/or services is allowed under GST.

GST: ECO liability on food & beverages

Posted by CA Akshay Hiregange 20 December 2021 9221 Views

In the article, we look at the present state of affairs and provide the way forward for the trade/ restaurants/ hotel/ online supplies and possible suggestions to obtain clarity.

GST Procedure related to demands and recovery

Posted by Abhishek Raja 11 December 2021 8971 Views

The incidence of short payment and non-payment of tax, wrong availment of Input Tax Credit, etc. may be because of an inadvertent bona fide mistake (Normal Cases) or it may be a deliberate attempt (Fraud Cases) to evade the tax.

An introduction to Eway Bill

Posted by Tanuj Chandra Saxenaa 10 December 2021 7611 Views

E-Way Bill is an Electronic Way bill for movement of goods to be generated on the eWay Bill Portal. A GST registered person cannot transport goods in a vehicle whose value exceeds Rs. 50,000 (Single Invoice/bill/delivery challan) without an e-way bill that is generated on ewaybillgst.gov.in.