Introduction:The way bill system is not new to trade and industry, but the talk of a way bill only ruffles feathers. What is e-way bill? Why e-way bill? Why are..
Recently, a penalty of whopping INR 1.32 crores (approx.) imposed by the Hon’ble High Court (“HC”) of Madhya Pradesh on a transport company na..
GST is a new evolving law applicable to all types of business � trade manufacture or service. It could also apply to those who are
BackgroundThe Government as a part of a 40 years old unfinished agenda of implementing value added tax in India merged 11 indirect taxes of the Centre and State..
Though, it has been a year since the implementation of GST, yet there are some problems which require immediate attention of the government to clarify, one of s..
To iron out the practical hindrances and issues being faced by the Industry Inc since the implementation of GST, the GST Council on July 9, 2018 had unveiled th..
1. What is Form GST ITC-03?Form GST ITC-03 is to be filled up by those taxpayers who opts for composition scheme or where goods or services or both supplied by ..
When the goods are in movement, a proper officer may intercept or inspect any vehicle that is carrying goods. A vehicle may be intercepted either for verificati..
1. What is Form GSTR-2A?Form GSTR-2A is a system generated 'draft' Statement of Inward Supplies for a receiver taxpayer. It is auto-populated from t
Section 16 of Central Goods and Service Tax Act, 2017 ("the CGST Act, 2017") specify certain conditions to claim input tax credit against any inward