GST Articles

GST on OIDAR Services by Foreign Firms Starting Oct 1, 2023

Posted by Bimal Jain 03 October 2023 3991 Views

GST 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

Posted by Bimal Jain 30 September 2023 4476 Views

Stay 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

Posted by CA Aakash Sarda 28 September 2023 5638 Views

Recently, 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

Posted by Vivek Jalan 23 September 2023 3154 Views

GST 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

Posted by CA Aakash Sarda 23 September 2023 4651 Views

Applicability 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

Posted by Niyati 22 September 2023 5864 Views

Section 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

Posted by Vivek Jalan 22 September 2023 4015 Views

Rule 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

Understanding GST Summons: Your Rights, Duties and Validity

Posted by Abhishek Raja 20 September 2023 5595 Views

In this article, we will delve into the concept of GST summons, including what they are, how they work within the legal framework, and what your rights and duties are when you receive a summons. We will also discuss the validity of summonses and the importance of understanding how they function in the GST system.

Top 4 mistakes to avoid in view of Circulars issued in July 2023

Posted by CA Shruti Singhal 18 September 2023 7965 Views

Clarification to deal with difference in Input Tax Credit (ITC) availed in FORM GSTR-3B as compared to that detailed in FORM GSTR-2A for the period 01.04.2019 to 31.12.2021 through Circular No. 193/05/2023-GST dated 17-7-2023.

Top 10 changes impacting small business which are made effective in July and Aug 2023

Posted by CA Shruti Singhal 18 September 2023 6859 Views

E-Invoice limit has been reduced w.e.f. 1-8-2023, and now those registered persons whose aggregate turnover in any preceding financial year from 2017-18 onwards exceeds Rs. 5 crore are required to issue E-invoice for Export invoice and B2B supplies.