GST Articles

Some debatable thoughts while analysing GST Act

Posted by CA Aman Rajput 07 December 2023 1056 Views

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

Posted by Sparsh Wadhwa 06 December 2023 2627 Views

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 It has superseded chiefly other indirect taxes in India, such as excise duty, VAT, and services.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

Posted by CA Kunal Jain 05 December 2023 1699 Views

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.

Basic Understanding of GST on Jewellery Business

Posted by CA. Bhavik P. Chudasama 04 December 2023 9172 Views

Here's an overview of GST rates and taxable value concerning the jewellery industry:

Delhi HC's Order Implicates Proper Reason for Cancellation of GST Registration

Posted by CA Aman Rajput 04 December 2023 3422 Views

In a recent order, the Delhi High Court (HC) has set aside an order cancelling a taxpayer's GST registration, stating that the order lacked proper reasons for cancellation.

Implications of implementing Two-Factor Authentication in GST

Posted by CA Aman Rajput 02 December 2023 5681 Views

The 2FA, requiring a one-time password (OTP) for login security, aims to enhance GST portal security and will be implemented nationwide in the second phase from December 1, 2023.

GST DRC-01 and DRC-07 Notices/Orders Served Beyond the Portal

Posted by Vivek Jalan 30 November 2023 13403 Views

Serving Of GST Notices In Form GST DRC-01 And Order In Form GST DRC-07 Other Than On The GST Portal Renders Notices/Orders Illegal

GST Appeal Amnesty Scheme 2023: Full Procedure and Provision

Posted by CA Sachin M Jain 30 November 2023 6097 Views

Golden opportunity for all the taxpayers who missed filing an Appeal within the allowable time or whose appeal got rejected due to time-barred against the order...

Compulsory Registration in GST irrespective of Threshold Limit

Posted by CA Aman Rajput 30 November 2023 10944 Views

The Goods and Services Tax (GST) Act, 2017, mandates that certain categories of taxpayers must obtain GST registration irrespective of their turnover or threshold limit of 40 lac or 20 lac for goods and services respectively.

How to Detect Fake Invoices under GST

Posted by Mitali 29 November 2023 22669 Views

Fake invoices refer to documents that falsely represent a transaction between two parties, typically involving the exchange of goods or services for payment. These invoices are deliberately created to deceive and can be used for various fraudulent purposes.