Gst Act Related Articles

Oct - 2024

23

GST Registration Cancellation: Key Provisions and Clarifications under the CGST Act

GST Registration Cancellation: Key Provisions and Clarifications under the CGST Act

GST Registration Cancellation: Key Provisions and Clarifications under the CGST Act GST registration cancellation refers to the termination of a taxpayer's GST registration and relieves the person or entity to comply with GST regulations. This can happen for various reasons, such as non-filing GST ...

Apr - 2023

08

Provisions of GST Appellate Tribunal post-Finance Act, 2023

Provisions of GST Appellate Tribunal post-Finance Act, 2023

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 assent was received on 31st March 2023. Importantly, ...

Apr - 2023

04

New Amnesty Scheme under GST

New Amnesty Scheme under GST

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 cancellation of GST registr ...

Sep - 2022

14

Guidelines for launching of prosecution under GST

Guidelines for launching of prosecution under GST

Guidelines for launching of prosecution under GST Provisions of section 132 of the Central Goods and Services Tax Act, 2017 empower the institution of criminal proceedings and prosecution. Importantly, the prosecution is the institution/ commencement of legal proceedings against the offender. T ...

Sep - 2022

02

Guidelines for issuance of summons under GST

Guidelines for issuance of summons under GST

Guidelines for issuance of summons under GST Despite having a huge impact, it is observed that ‘summon’ is by and large being issued by the department in a casual and routine manner. In order to ensure the judicial use of the power to summon, the GST investigation wing issued important guidelines w ...

Jul - 2022

23

New Table inserted in GSTR-3B for Reporting Supplies notified u/s 9(5)

New Table inserted in GSTR-3B for Reporting Supplies notified u/s 9(5)

New Table inserted in GSTR-3B for Reporting Supplies notified u/s 9(5) The Goods and Services Tax Network (GSTN) has issued an Advisory informing that a new table 3.1.1 is being added in GSTR-3B where both ECOs and registered persons can report supplies made under Section 9(5) of the Central Goods ...

Jul - 2022

15

Fake invoice and departmental clarification thereof

Fake invoice and departmental clarification thereof

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 services or both. Then such issued tax invoice i ...

Sep - 2021

01

CBIC Extends Due Date of Various GST Compliance beyond 31st August 2021

CBIC Extends Due Date of Various GST Compliance beyond 31st August 2021

CBIC Extends Due Date of Various GST Compliance beyond 31st August 2021 Based on the multiple representations received, The Central Board of Indirect Taxes and Customs (CBIC), vide various notifications published on 29th August 2021, notified multiple reliefs under GST laws. The Government has anno ...

Aug - 2021

23

Highlights of Budget 2021

Highlights of Budget 2021

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 COVID-19. However, with no change in income tax slab rates and ...

Feb - 2021

12

Registration on GST e-Invoice Portal

Registration on GST e-Invoice Portal

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 and steps to be f ...

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