In a significant judgment, the Allahabad High Court has set aside a Goods and Services Tax (GST) demand order due to the absence of a personal hearing, reaffirming the principles of natural justice in taxation matters.
The recent GST notifications introduce various changes aimed at streamlining compliance and addressing specific sectors. Let's break down the key important notifications point by point.
The GST department is actively monitoring taxpayers income using Form 26AS, AIS, and IT Returns to detect tax evasion which shows a coordinated effort between the GST and Income Tax departments.
The issue regarding ITC, which is claimed on invoices received from the suppliers whose GST registration was retrospectively cancelled, is an important matter that is in question in GST compliance, as indirectly it is attracting double taxation along with interest or penal consequences.
Read about the latest judgment on the assignment of leasehold rights under GST, clarifying tax applicability and offering significant benefits.
This article aims to shed light on the issues faced by intermediaries, the legal framework governing these challenges, and suggestions for relief.
GST Circular No. 243/37/2024, dated 31st December 2024, offers clarity on the crucial topic of vouchers. Whether it's festive gift cards or discount coupons this circular makes sure that the taxpayers and businesses move forward with a clear understanding of GST implications on the same.
Analysis of 55th GST Council's decision to clarify that RBI regulated Payment Aggregators are eligible for the exemption, not payment gateway (PG)
The GST Council met for the 55th time under the Chairmanship of Honourable FM Nirmala Sitharaman. Some key changes were recommended regarding availability of ITC and date of availability of ITC.
The GST Policy Wing has come to the rescue with a new circular that finally clears the air about the GST treatment of vouchers.
GST LIVE Certification Course - 42nd Weekend Batch(With Govt Certificate)