GST Articles

Process for cancellation of GST registration

Sparsh Wadhwa 18 October 2023 at 09:21

Cancellation of GST registration is a process of de-registering a business entity from the Goods and Services Tax (GST) system. GST registration is mandatory for businesses that have an annual turnover exceeding a certain threshold limit.

Tax Hike Turmoil: How India's 28% GST on Online Gaming Impels Global Players to Exit

Shivani 17 October 2023 at 09:43

The 50th GST Council meeting passed a resolution imposing a 28% Goods and Services Tax (GST) on the full face value of bets placed on online gaming platforms.

GST on Dance Classes & Workshops

CA Raghav Khandelwal 14 October 2023 at 09:07

There are different scenarios in which the training or workshop for dance training occurs in the market.

What is GST Annual Return or GST Audit?

Ashok Pitroda 13 October 2023 at 09:09

As per Rule 80 of the CGST Rules, 2017, every registered person liable to file annual return for every financial year is required to file the same on or before the 31st of December of the next financial year.

A Step Towards Simplicity: Unregistered Suppliers Enrolling for E-commerce Supply

CA Aman Rajput 13 October 2023 at 09:09

In a recent development by the GSTN, a significant advisory was issued on October 12, 2023. This advisory pertains to unregistered suppliers and their need to obtain an enrolment number on the GST Portal, validated through their PAN, before conducting any supply through an ECO.

Changes and Compliances in GSTR 9 & 9C for FY 2022-23

CA Akshay Hiregange 12 October 2023 at 12:37

The department has started issuing notices and requesting for information by comparing data disclosed in GSTR 9/9C Vs GSTR 3B.

Nine Navratri Days, Nine GST Recommendations

CA Umesh Sharma 11 October 2023 at 08:46

Drawing from the spirit of 9 days of Navratri, where each day is a step towards enlightenment and prosperity, here are the 9 pivotal recommendations of the GST Council

Taxability of Personal Guarantee by Director and Corporate Guarantee for Related parties & for Subsidiary Company

Piyush Tanwar 11 October 2023 at 08:46

Clarifications regarding taxability of personal guarantee offered by directors to the bank against the credit limits/loans being sanctioned to the company

Recent changes in scope and rate of 6 goods and services

CA Shruti Singhal 07 October 2023 at 17:32

In case of OIDAR services which are provided to non-taxable online recipient (NTOR), the OIDAR service provider is required to compulsorily pay tax on forward charge mechanism (FCM).