GST Articles

Transaction value is the basis for valuation

CA Shiwali Dagar 24 April 2025 at 08:23

Explore how transaction value serves as the primary basis for valuation under GST law, including key judicial rulings, conditions, and practical implications for businesses

Precautions after GST Registration

Venkatesh Neeli 22 April 2025 at 08:23

The rulers who are one side of the coin has brought GST into the implementation as a Good and Simple Tax from 1/7/2017 by conducting special parliament sessions on the night of 30/6/2017 off-course they are having a sleepless night on that day only.

Getting Late GST Registration? Hope to Get the Same Faster Now

CA Umesh Sharma 22 April 2025 at 08:23

Arjuna (Fictional Character): Krishna, I heard that the Central Board of Indirect Taxes & Customs (CBIC) had issued new Instructions related to GST registra

RCM Under GST Explained: A Complete Guide for Businesses

CA Rahul Mittal 21 April 2025 at 12:19

Reverse Charge Mechanism was first introduced in the Service Tax Law. Now, the Government has incorporated RCM in GST.

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.