GST Articles

Important Changes in GST from 16th January 2025

CA Umesh Sharma 21 January 2025 at 08:43

The recent GST notifications introduce various changes aimed at streamlining compliance and addressing specific sectors. Let's break down the key important notifications point by point.

GST Department using 26AS, AIS & ITR for Verifying Income Tax Data

Ayush 16 January 2025 at 15:41

The GST department is actively monitoring taxpayers income using Form 26AS, AIS, and IT Returns to detect tax evasion which shows a coordinated effort between the GST and Income Tax departments.

GST registration to be cancelled retrospectively? What to reply?

CA Aman Rajput 16 January 2025 at 08:42

The issue regarding ITC, which is claimed on invoices received from the suppliers whose GST registration was retrospectively cancelled, is an important matter that is in question in GST compliance, as indirectly it is attracting double taxation along with interest or penal consequences.

Judgment on assignment of Leasehold Rights under GST - Big Relief to Taxpayers

CA Umesh Sharma 14 January 2025 at 07:25

Read about the latest judgment on the assignment of leasehold rights under GST, clarifying tax applicability and offering significant benefits.

Challenges Faced by Intermediaries under GST While Serving Exempt Educational Institutions

Chandan Shukla 09 January 2025 at 08:42

This article aims to shed light on the issues faced by intermediaries, the legal framework governing these challenges, and suggestions for relief.

GST Confusion on Taxability of Vouchers Finally Cleared

CA Umesh Sharma 07 January 2025 at 08:43

GST Circular No. 243/37/2024, dated 31st December 2024, offers clarity on the crucial topic of vouchers. Whether it's festive gift cards or discount coupons this circular makes sure that the taxpayers and businesses move forward with a clear understanding of GST implications on the same.