GST Articles

Protecting Your ITC: Understanding Rule 86A of CGST Rules

Posted by CA Harshit Goyal 18 May 2023 14889 Views

In this article, we will delve into the circumstances under which ITC can be blocked, the safeguards and legal judgments favoring taxpayers, and the importance of equipping oneself with knowledge about Rule 86A.

Proactive GST Tax Evasion Measures: Near Real-Time Access to Banking Transactions

Posted by Abhishek Raja 15 May 2023 6478 Views

In recent developments, Goods and Services Tax (GST) authorities are moving towards acquiring near real-time access to the banking transactions of taxpayers. This initiative aims to detect and curb the proliferation of fake invoices and excessive use of input tax credit (ITC) by businesses, an issue that has been gradually escalating.

Common issues raised in GST dept audit

Posted by CA Roopa Nayak 15 May 2023 9981 Views

In the course of audit done by dept under section 65 of the CGST Act, certain issues/objections could be raised. The assesses have to carefully examine the matter, give their explanation.

GST Automated Return Scrutiny Module

Posted by Harsh Kaushik 15 May 2023 8826 Views

GST Automated Return Scrutiny Module has been designed to select the GST Returns for the process of scrutiny. Its an effective tool to select the GST Returns based on the data analytics and system identified hazards.

Decoding CBIC's Automated Return Scrutiny Module (ARSM) for GST returns

Posted by Abhishek Raja 13 May 2023 8289 Views

The Central Board of Indirect Taxes and Customs (CBIC) has rolled out an Automated Return Scrutiny Module (ARSM) for GST returns. The ARSM is a non-intrusive means of compliance verification that allows tax officers to scrutinize GST returns of Centre Administered Taxpayers (CATs) selected on the basis of data analytics and risks identified by the system.

How is GST treated in relation to employee notice pay recovery?

Posted by Ishita Ramani 13 May 2023 3428 Views

In this article, we will discuss the effects of GST on employee notice pay recovery, its applicability, and the treatment of GST on such recoveries. But first, let's review GST (Goods and Service Tax).

Amnesty Scheme: GSTR-4 Annual

Posted by CA Ashutosh Khaitan 13 May 2023 5549 Views

Form GSTR-4 (Annual) is annual return which is required to be filed by taxpayers who have opted for composition levy u/s 10 of CGST Act.

Amnesty Scheme: GSTR-4 [Quarterly]

Posted by CA Ashutosh Khaitan 12 May 2023 3564 Views

Form GSTR-4 is a return which is required to be filed by taxpayers who have opted for composition levy u/s 10 of CGST Act for every quarter. This form was applicable from July-Sep 2017 till Jan-Mar 2019 and filed on quarterly frequency.

All-India Drive to Detect Fake GSTINs: Ensuring Compliance to Safeguard Government Revenue

Posted by Rashmi 12 May 2023 11002 Views

To combat the presence of suspicious and fake GSTINs (Goods and Services Tax Identification Numbers) in the GST eco-system, a Special All-India Drive has been launched by both Central and State Tax administrations.