GST Articles

Section 122 of CGST Act: Misuse by Authorities and Judicial Relief for Assessees

Abhishek Raja 21 August 2024 at 07:12

This section is used, or I must say misused, in most of the Notices! The department is trying to levy a penalty under this section in most cases, but the High Court's views are in favour of the Assessee.

GST on Insurance Premiums: GST Council to Review Removal of 18% GST

Sahil Jaiswal 19 August 2024 at 11:05

In a move that could significantly impact policyholders and the insurance sector, the Goods and Services Tax (GST) Council is set to review the current 18% GST on insurance premiums.

Second Special All-India Drive Against Fake GST Registrations: Key Guidelines and Action Plan

CA Harshit Goyal 13 August 2024 at 08:45

On August 12, 2024, the Central Board of Indirect Taxes and Customs (CBIC) issued Instruction No. 02/2024-GST. This document outlines the guidelines for a second special All-India drive against fake GST registrations.

FAQs on GSTR-1A: Amendment to GSTR 1

Shree 02 August 2024 at 09:08

Find answers to common questions about GSTR-1A amendments to GSTR-1

GST on Hostels/Student Residences - Changes post July 2024

CA Roopa Nayak 01 August 2024 at 15:10

BackgroundThe hostels and PGs are providing basic living facilities to millions of people across the country. This is largely an unorganized sector with a major..

GST Implications in Case of Accommodation Service Pursuant to recommendations made in the 53rd GST Council Meeting

Affluence Advisory 19 July 2024 at 08:28

Heading 9963 which also covered Accommodation services has been removed from Sl. No. 12 of Notification no. 12/2017. Also, a new explanation i.e. Explanation 2 is inserted in Sr. No. 12 of the said notification.

Notifications & Circulars - In light of 53rd GST Council Meeting Recommendations

Affluence Advisory 16 July 2024 at 08:37

The 53rd GST Council Meeting brought forth significant recommendations that have been elucidated in recent notifications and circulars. The key Notifications an..

Inverted Duty Structure and Refund of ITC

Pounraj Ganesan 13 July 2024 at 15:55

In this article, we will explore what the Inverted Duty Structure entails, its impact on businesses, and how the refund of ITC works under this system

Section 16(4) Time Limit and RCM supplies received from Unregistered Persons

CA Roopa Nayak 13 July 2024 at 15:35

The author has examined the latest circular and implications thereof in this article.

ITC on GST paid on Repair of Vehicles by Insurance Companies

FCS Deepak Pratap Singh 05 July 2024 at 08:36

Cashless payments are generally held to net-work garages by the insurance companies directly, since invoices are generally raised in the name of the insurance company on the basis of the report of the surveyor or inspector.