Post by: poonamgandhi in GST GST in India
Provisions of GST Appellate Tribunal post-Finance Act, 2023 The Finance Bill 2023, presented on 1st February 2023, got approval in Lok Sabha on 24th March 2023. The Bill got approval in Rajya Sabha on 27th March 2023. Whereas, the presidential…
Post by: poonamgandhi in GST GST in India
New Amnesty Scheme under GST 49th GST Council Meeting, held on 18th February 2023, recommended the introduction of New Amnesty Scheme under the following circumstances – Registration has been cancelled for non-filing of GST returns and application for revocation of…
Post by: poonamgandhi in GST GST in India
Fake invoice and departmental clarification thereof A ‘fake invoice’ is specifically not defined under the Goods and Services Tax (GST) law. However, as and when the registered person issues a tax invoice, under GST, without actual supply of goods or…
Post by: poonamgandhi in GST GST in India Import - Export Income Tax Legal News
Highlights of Budget 2021 The Finance Minister of India, Smt. Nirmala Sitharaman, presented the Union Budget 2021 on 1st February 2021. Common man to big players all had set their eyes on the budget since it was the first budget…
Post by: poonamgandhi in GST
Registration on GST e-Invoice Portal Introduction of GST e-invoice aims to curb tax evasion and auto-population of various returns under Goods and Services Tax (GST). The present article covers the meaning of the term e-invoicing; applicability and non-applicability of e-invoicing…
Post by: Rita Seal in GST GST in India
GST E-Invoice Under New GST Return System 2020 Provisions relating to the GST invoice are discussed under Rule 46 of Chapter VI of CGST Rules 2017. Every supplier with a GST registration in India needs to issue an invoice in…
Post by: Arnold Thomas in GST GST in India
Circular Trading under GST The present article explains the term circular trading with example and also highlights the consequence of circular trading under GST. Understanding the term ‘Circular trading’ with an example Circular trading is a fraudulent scheme that creates…
Post by: Arnold Thomas in GST
GST on Security Service It is interesting to note that the term Security Service is not defined under the GST Act. However, in common parlance, Security Service means service rendered by any person towards the security of any property (whether…
Post by: Arnold Thomas in Government Initiatives GST
Integration of FASTag with GST The National Highways Authority of India announced the implementation of FASTags for toll payments, even on State roads. Eight states are part of the new “One Tag One Nation” initiative, which will make it easier…
Post by: Arnold Thomas in GST
GST on Airport Levies As per latest circular from the Ministry of Finance on 11th October 2019, the CBIC has issued a clarification for GST applicable on airport levies, stating that since airport levies do not form a part of the…