GST Articles
Reporting of 6% tax rate in GSTR 1 from May 2022
The GSTN issued a new advisory dated 1st June 2022. It has updated Form GSTR 1, and the required tax column of 6% has been added.
Tax Compliance Calendar for June 2022
Tax Compliance Calendar for the month of June 2022
No GST recovery can be made Forcefully in Investigation
What is the recent Instruction brought by GST Investigation Wing in respect of recovery of tax during search and seizure?
GST paid during search, inspection, investigation
The latest CBIC instruction No. 01/2022-23 GST - Investigation addresses the context of deposit of tax during the course of search, inspection or investigation. In this backdrop, the paper writer has analysed the implications of this instruction for assessees.
How to reply to notices of reversal of ITC when supplier has defaulted in payment of Output Tax Liability
One of the burning issues which is often litigated in the GST since its inception and implementation in the year 2017 is the reversal of Input Tax Credit by the recipient due to non-payment of output tax liability by the supplier.
Can a Certificate issued under CGST Rule 89(2)(m) by a CA, be made a basis, for Arrest u/s 69 read with section 132 of the CGST Act?
The recent unfortunate development of the arrest of two CAs by the Officers of CGST, Gurugram Commissionerate, on 18.5.2022, on the ground of alleged issuance of false Certificate in fraudulent availment of ITC and consequent refunds of around Rs.15 crores
Analysis of provisions of inspection, search, seizure & arrest under GST Act 2017
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
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
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
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
Popular Articles
- Individual Income Tax Return Filing Due Dates for FY 2025-26 (AY 2026-27)
- Due Date Extended: Check Which Return Filing Gets More Time?
- New Column in ITR For AY 2026-27: "Receipts Not in Nature of Income" - What Is It?
- PNB FD Interest Rates 2026 for 444 days: Maximize Your Returns Without a Long Lock-In
- AIS Income Tax Transactions: What to Report and What to Skip in AY 2026-27?
- Pensioner ITR for AY 2026-27: Guide to Reporting Pension Income and Claiming Your Tax Refund
- ITR Processing Time 2026: Know How Long Will It Take and What Each Status Message Means
- Income Tax Update: How to Transfer TDS From Wife to Husband's ITR?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
