GST Articles
GST: A New Landscape on Online Gaming, Casinos, Horse Racing w.e.f. 1st Oct 2023
Bimal Jain 04 October 2023 at 10:07GST Council in its 50th and 51st GST Council meetings recommended the substantial changes to the taxation landscape on the actionable claims supplied in Casinos, Horse racing and Online gaming,will be taxed @28% on full face value, irrespective of whether the activities are a game of skill or chance.
How I began to make GST filing in time with automation
Sahil Sharma 03 October 2023 at 13:02I'm 100% digital-oriented and absolutely for automation, as I got the result. Try it or not? I suggest giving it a try. Entera gives a free trial period and a personal demo with an expert. At least you’ll get your personal experience.
Effective GST Changes w.e.f 1st Oct 2023
Bimal Jain 03 October 2023 at 12:06Sections 137 to 162 of the Finance Act, 2023 (the FA,2023) (except Sections 149 to 154) will come into force from October 01, 2023 vide Notification no. 28/2023-Central Tax dated July 31, 2023.
GST on OIDAR Services by Foreign Firms Starting Oct 1, 2023
Bimal Jain 03 October 2023 at 12:06GST chargeable on OIDAR services by foreign firms to individuals & Govt irrespective of any usage w.e.f. 1st Oct 2023
No IGST on Ocean Freight in CIF Contracts: Changes Notified
Bimal Jain 30 September 2023 at 09:52Stay informed about the latest updates in CIF contracts as the government announces changes exempting IGST on ocean freight. Learn how these changes may impact your international trade agreements.
Notices under GST issued to Online Gaming Companies
CA Aakash Sarda 28 September 2023 at 09:11Recently, online gaming companies are in receipt of pre-SCN notices in Form GST DRC-01A alleging that games wherein both skill and chance are involved such as rummy, poker etc. is predominately a game of chance and therefore will be treated as 'betting' or 'gambling'.
Vague SCN may be non-maintainable but can be practically handled better
Vivek Jalan 23 September 2023 at 10:38GST Cases sometimes remind us of Charlie Chaplin Shows. However, these shows may be better handled by taxpayers at the adjudicating level itself in case they co..
Corporate Guarantee - Whether Supply or not under GST
CA Aakash Sarda 23 September 2023 at 08:55Applicability of GST on corporate guarantee wherein related parties are involved and there is no consideration, has been a matter of dispute since introduction of GST.
Section 74 of CGST Act 2017: Tax Discrepancy Due to Fraud and Misstatements
Niyati 22 September 2023 at 12:34Section 74 of the CGST Act 2017 deals with the determination of tax discrepancies, such as unpaid or underpaid taxes, erroneous refunds, or wrongly claimed input tax credit.
Practical Application of GST on Gaming & Gambling vide Rule 31B & Rule 31C: Explanation with examples
Vivek Jalan 22 September 2023 at 09:10Rule 31B of The CGST Rules inserted vide Not No 45/2023, provides for determining the Value of supply in case of online gaming including online money gaming
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