GST Articles

Respond To Notice DRC-01

CA Ruby Bansal 28 December 2023 at 17:43

DRC-01 stands for "Demand and Recovery Certificate-01" is a form that is used by the officer under GST to issue a summary of the show cause notice to a taxpayer.

Minimum thirty days to be provided to reply to a GST SCN

Vivek Jalan 27 December 2023 at 14:21

Going to Tribunal under GST requires 30% pre-deposit. Moving to High Court in each case requires hefty charges which may be affordable in some cases but not in all cases.

Higher GST charged by the Vendor: ITC as well as refund available to the recipient

Vivek Jalan 27 December 2023 at 08:56

Consider the situation where the input product was chargeable only at the rate of 5% and assesses supplier mistakenly charged higher rate of 18% GST on input for final product, which is chargeable to lower rate of GST of 5%

Impact of Unnotified Form GSTR-2 on ITC Reversal: Analysis of Section 16(4) Time Limit for Belated ITC Claims

Ayush 26 December 2023 at 14:53

Let us take the case of Tvl.Kavin HP Gas Gramin Vitrak vide Order No. W.P.(MD).Nos.7173 and 7174 of 2023 and W.M.P.(MD)Nos.6764 and 6765 of 2023 dated 24.11.2023 to understand the impact of the unavailability of Form GSTR-2 on the Input Tax Credit (ITC) reversal and the analysis of Section 16(4) regarding the time limit for belated ITC claims.

Taxpayers Could Gain the Ability to File Revised GST Returns From 2025

Shivani 26 December 2023 at 11:39

The government is looking for a significant change in the Goods and Services Tax system by considering the introduction of the option for taxpayers to file updated or revised returns.

What is GEO-Coding of Address Verification under GST system?

Ishita Ramani 25 December 2023 at 08:25

Geo-coding is a mandatory procedure for address verification under the Goods and Services Tax (GST) system in India.

Penalty Levied For Violation of Section 122(1)(i) of CGST Act, 2017

CA Ruby Bansal 23 December 2023 at 13:34

The officers are conducting on-site visits to entities and shops to purchase products and inspect the issued invoices. If the invoices are fake or incorrect, they issue notices under section 122 (1) (i) of the CGST Act, 2017.

Conditions for Blocking ITC u/s 86A Demand Strong Cases and Due Process for Taxpayers

Vivek Jalan 22 December 2023 at 09:26

Blocking of ITC u/s 86A is possible only when the officer has a strong case; opportunity of being heard has to be provided to the taxpayer also

GST Demands and Penalties

Shivani 20 December 2023 at 17:17

Under the Goods and Services Tax system, demand can be raised when there is a short payment or incorrect utilization of ITC by the taxpayer.

Impact of GST on mobile phone manufacturing in India

Ishita Ramani 20 December 2023 at 06:51

In this blog, we will discuss the impact of this growth on the Goods and Services Tax (GST) for mobile phones.