GST Articles

Unveiling Power of Section 71: Accessing Business Premises under GST Act

Posted by CA Harshit Goyal 05 June 2023 17467 Views

Under Section 71 of the GST Act, any officer authorized by a proper officer, not below the rank of Joint Commissioner, has the authority to access the premises of a registered person's business

Input tax credit on insurance expenses under GST

Posted by CA Roopa Nayak 03 June 2023 166884 Views

In this article the paper writer has examined the major kinds of insurance expenses incurred by the taxpayer and the restrictions and eligibility to the credit thereof, relevant decisions in this context as well.

Delhi's GST Collection Over Rs. 34,000 Crores in 2022: Delhi Finance Minister Kailash Gahlot

Posted by Abhishek Raja 03 June 2023 2396 Views

Delhi Finance Minister Kailash Gahlot said the collection of GST and VAT in the city was more than Rs.34,000 crores in 2022-23, and claimed Delhi will be a leading state for tax administration through the intervention of artificial intelligence.

Meaning, features and advantages of IGST model

Posted by CS CHARU VINAYAK 31 May 2023 132154 Views

Q. What do you mean by IGST model? Describe various features of IGST model. Explain in detail the advantages of IGST model.Ans. Meaning of IGST Model

Credit of IGST Paid on Import of Goods not reflected in GSTR-2B

Posted by CA Sachin M Jain 31 May 2023 127704 Views

Importers can claim IGST and cess paid on their imports only after issuing the bill of entry (BoE). Hence, taxpayers must access the bill of entry on the portal to avail input tax credit seamlessly. The GST Network (GSTN) provides a framework to taxpayers for finding the relevant bill of entry.

Analysis on new GST rate for works contract services w.e.f 1st January 2022

Posted by Mukesh Kuriyal 30 May 2023 418181 Views

Government Has Amended Tax Rate For Service Provider Providing Works Contract Services From 5%/12% To 18% Vide Notification No 15/2021 C.T(Rate) Dated 18.11.2021 Amending Notification No 11/2017 C.T.(Rate) W.E.F 01.01.2022.

Last Chance: Extended Due Date for GTA Payments Expires Tomorrow!

Posted by Abhishek Raja 30 May 2023 6858 Views

Tomorrow i.e 31st May 2023 is the extended due date for Opt-in / Opt-out for Forward Charge / Reverse Charge for FY 2023-24 [Notification No.03/2022 - CT(R) dated 13.07.2022]

GST On Renting of Immovable Property

Posted by Divyanshu Sharma 29 May 2023 17233 Views

In this article, we will discuss renting of both commercial & residential property.

CBIC's Nationwide Sweep Exposes 10,000 Alarming Cases of Fake GST Registrations

Posted by Rashmi 27 May 2023 9736 Views

The Central Board of Indirect Taxes and Customs (CBIC) has launched a special all-India drive to combat cases of fake Goods and Services Tax (GST) registration....

Important Instruction on SOP for Scrutiny of GST Returns for FY 2019-20

Posted by CA Harshit Goyal 27 May 2023 7306 Views

The Goods and Services Tax (GST) Department has introduced Instruction No. 02/2023-GST, presenting an updated Standard Operating Procedure (SOP) for the scrutiny of GST returns.