Articles by CA Harshit Goyal

RBI to Withdraw Rs 2000 Banknotes: What You Need to Know?

CA Harshit Goyal 22 May 2023 at 16:04

The Reserve Bank of India (RBI) has recently made a significant announcement that will impact the way we handle our currency. In a move to maintain a robust and efficient currency circulation system, the RBI has decided to withdraw the ₹2000 denomination banknotes, which were introduced in 2016 after the historic demonetization move.

Protecting Your ITC: Understanding Rule 86A of CGST Rules

CA Harshit Goyal 18 May 2023 at 08:48

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.

Important Notifications issued in GST effective from 1st April 2023

CA Harshit Goyal 01 April 2023 at 10:22

The Government of India has recently issued notifications related to the Central Tax system in India, effective from April 1, 2023. These updates cover a range of topics, from late fees for certain returns to changes in registration and assessment procedures. In this article, we'll summarize these updates and what they mean for taxpayers in India.

Highlights from the 49th GST Council Meeting: Key Decisions and Recommendations

CA Harshit Goyal 20 February 2023 at 10:30

The 49th GST Council Meeting was held on February 18, 2023, to discuss and make recommendations on several issues related to the Goods and Services Tax. The Council proposed several recommendations, including compensation for GST, GST Appellate Tribunal, capacity-based taxation, and special composition schemes for certain sectors.

Application of GST registration rejected or GST cancelled

CA Harshit Goyal 21 December 2022 at 08:30

Many times we face issues while getting GST registration like an application being rejected or GST get cancelled after registration. Here is a detailed article on provisions and various judgements on it.