GST Articles

No GST Applicable: Transactions Exempt Under Schedule III of CGST Act

CA Shiwali Dagar 18 April 2025 at 08:26

Discover the transactions classified under Schedule III of the CGST Act that are treated neither as supply of goods nor services, including employee services, constitutional duties, funeral services, land sales, and more.

GST Glossary: Meaning of Business, Supply, Deemed Supply and Composite Supply

CA Shiwali Dagar 17 April 2025 at 08:19

(A) Any trade, commerce, manufacture, profession, vocation, adventure, wager, or any other similar activity, whether or not it is for a pecuniary benefit.

Taxable Event of GST

CA Shiwali Dagar 15 April 2025 at 07:23

"Taxable event" is that on happening of which the charge is fixed. It is that event which, on its occurrence, creates or attracts the liability of tax.

Impact of Fuel Cess on Consumer Purchasing Power

Kotte Murali Krishna 15 April 2025 at 07:23

The cess on petroleum products paid by a manufacturing company to the transporter of input goods becomes part of the cost of sales, as it cannot be claimed as Input Tax Credit (ITC).

Consent Letter for GST Registration: A Free Downloadable Template for Easy Compliance

Daljinder Gill 07 April 2025 at 08:27

The Consent Letter is a formal letter provided by the property owner giving permission for you to use their premises for business activities. This letter is essential if your business address is rented, leased, or located in a shared space.

Comprehensive Analysis of GST Aspects in Bank Audits

Abhishek Raja 03 April 2025 at 08:25

This note explores critical GST aspects requiring thorough examination during bank audits, offering insights into potential compliance pitfalls and best practices.

Choosing Between the Composition and Regular Schemes under GST: A Comprehensive Guide

CA Narender Yarragorla 29 March 2025 at 08:31

GST is a pivotal tax reform in India, streamlining indirect taxation for businesses across sectors. One of the fundamental decisions every registered taxpayer must make is choosing between the Composition Scheme and the Regular Scheme.

Important Things from GST Aspect to Remember this March 2025 ending!

CA Umesh Sharma 25 March 2025 at 08:27

This week marks the end of the financial year 2024-25. The taxpayers are curious as to what shall be done before this year end to better prepare for the new financial year 2025-26.

Challenges in GST Adjudication: A Call for Reform

CS Advocate Abhishek Goyal 22 March 2025 at 08:34

To me, the adjudication process under GST, apart from the prolonged non-constitution of the GST Appellate Tribunal (GSTAT), remains one of the most prominent yet disappointing aspects of the tax regime.

Navigating the Complexities of Outward Secondment Arrangements in India: Tax and GST Implications

CA. Shivam Agrawal 20 March 2025 at 08:35

In this article, we will explore the tax and GST implications of outward secondment arrangements in India, with a focus on Service Permanent Establishment (PE) and Fees for Technical Services (FTS), and examine how these implications are influenced by the provisions of DTAAs between India and other countries.