GST Articles

Appeal to be considered on merits without insisting payment from cash ledger - An Interesting Judgement

CA Aman Rajput 13 December 2023 at 08:55

The world of Goods and Services Tax (GST) in India has seen its fair share of controversies and complexities. One such issue that has recently surfaced involves the pre-deposit requirement for filing appeals against GST orders.

From Cash to Commodities: The Evolution of 'Goods' in GST Legislation and Courtroom Battles

CA Yash Shah 11 December 2023 at 16:41

This article will ponder upon the different views of the Court's decisions which would not only clarify the definition of 'goods' under the GST Act but also underscore the necessity for goods to be liable for confiscation under the law.

Unveiling the 15K Crore GST Fraud: A Deep Dive into the ITC Scam

CA. Bhavik P. Chudasama 11 December 2023 at 14:43

Before we dig deeper into how these unscrupulous people avail the wrongful benefit of the Input Tax Credit claim and cheat the government, we need to understand the Goods and Services Tax (GST) structure and how it works.

How to file GSTR-9

Mitali 11 December 2023 at 13:20

GSTR-9 is a summary report that businesses file annually, consolidating details of their sales, purchases, tax liability, and input tax credit for the entire financial year.

Inclusion of Scrap Value in Assessable Value of Job Worker

CA Kunal Jain 11 December 2023 at 09:07

Background:This appeal challenges the inclusion of the value of scrap, cleared on payment of duty, in the assessable value determined on the basis of the sale p..

Indian Online Gaming Industry Under Siege: A Comprehensive Look at Tax Evasion Crackdown

CA Kunal Jain 09 December 2023 at 09:01

The Indian online gaming industry is facing a major tax evasion crackdown, with authorities accusing companies of evading over ₹1.12 lakh crore (US$13.7 billion) in GST.

Supreme Court Upholds Order Directing GST Official to Pay Compensation to Taxpayer

CA Aman Rajput 08 December 2023 at 09:17

In a landmark judgment, the Supreme Court has upheld an order of the High Court directing a GST official to pay compensation to a taxpayer for issuing an invalid penalty order. The Court also increased the compensation amount from Rs. 10,000 to Rs. 69,000.

Some debatable thoughts while analysing GST Act

CA Aman Rajput 07 December 2023 at 09:07

The Goods and Services Tax (GST) Act, introduced in India in 2017, has revolutionized the country's taxation system. However, certain aspects of the Act continue to spark debate, including the interpretation of the term "goods" and its implications for cash seizure under Section 67.

Decoding GST: Everything You Need to Know About GSTR-1 Filing

Sparsh Wadhwa 06 December 2023 at 09:11

The GST is a type of tax that applies to every product you see. It is a multi-stage, destination-based tax imposed on every value addition and applicable to the entire country. It has superseded chiefly other indirect taxes in India, such as excise duty, VAT, and services.

Understanding GST ITC and GSTR Forms

CA Kunal Jain 05 December 2023 at 09:06

This comprehensive article delves into the intricacies of Input Tax Credit (ITC) under the Goods and Services Tax (GST) regime, with a specific focus on GSTR Forms 2A, 2B, and 3B. It aims to equip you with the knowledge and understanding necessary to navigate the complexities of claiming and utilizing ITC efficiently.