Practical Guide – GST
Court Refuses Anticipatory Bail to CA Accused of Forgery and GST Evasion
Court Refuses Anticipatory Bail To CA Accused of Forgery and GST Evasion: In the Matter of Aman Gupta Vs. State, the Delhi High Court has refused anticipatory bail to a Chartered Accountant (CA). AMAN GUPTA Versus STATE BAIL APPLN. 3408/2022 1. The present application has been filed seeking…
GSTN Advisory on MERA BILL MERA ADHIKAAR SCHEME
GSTN: The Goods and Service Tax Network (GSTN) has issued advisory on Mera Bill Mera Adhikar Scheme. Every day some new changes are made by government to make things easier for businesses and avoid fraud in the same line government introduced the Mera Bill Mera Adhikar Scheme. Dear…
Steps For e-Invoicing: A Step-by-Step Guide for e-invoice
Steps for e-Invoicing: As per Notification No. 10/2023 – Central Tax dated 10th May, 2023 now it is mandatory for taxpayers to obtain Invoice Reference Number (IRN) from the government-notified portal if aggregate turnover is 5 crore and above from 1st August 2023. It doesn’t mean the generation…
GSTN Launches e-Invoice QR Code Verifier App: It’s Not Working
GSTN Launches e-Invoice QR Code Verifier App: The e-invoice verifier app is developed by GSTN. It verifies invoices and other details. Key Features and Benefits of QR Code Verifier app: GST Tech tweeted regarding the launch of QR Code Verifier app: How to Download e-Invoice QR Code Verifier App:…
GST E-Invoicing has been reduced to Rs. 5 Crore starting from August 1, 2023
SYNOPSIS: GST E-Invoicing has been reduced to Rs. 5 Crore starting from 1st August, 2023. This limit was reduced via notification issued by the central board of indirect taxes and customs (CBIC). The Central Board of Indirect Taxes and Customs (CBIC) has issued notification No. 10/2023 –Central Tax…
GSTN Introduces New facility to verify document Reference Number (RFN)
SYNOPSIS: GSTN introduces new facility – New facility to verify document Reference Number (RFN) mentioned on offline communications issued by State GST authorities GSTN Introduces new facility: The GST portal (“System”) generates various documents, such as notices/ orders, etc which are communicated to the taxpayer. Most such documents…
CBIC reduces late fees under section 47 in GST: Notification no. 07/2023
SYNOPSIS: As per the recommendation of GST council, CBIC reduces late fees under section 47 vide notification no. 07/2023. If an aggregate turnover of up to five crore rupees in the relevant FY – Twenty-five rupees per day. If an aggregate turnover of more than five crores rupees…
Amnesty scheme for deemed withdrawal of assessment orders issued under Section 62
SYNOPSIS: As per the recommendation of GST Council, CBIC notifies amnesty scheme for deemed withdrawal of assessment orders issued under Section 62 The Central Board of Indirect Taxes & Customs (CBIC) has issued notification no. 06/2023 as per the recommendation of GST council regarding GST amnesty scheme for…
CBIC amended notification no. 27/2022 dated 26.12.2022
SYNOPSIS: CBIC amended the notification no 27/2022 dated 26.12.2022. The Central Board of Indirect Taxes & Customs (CBIC) has amended the notification no. 27/2022 dated 26th December 2022 vide notification no. 05/2023 dated 31st March 2023. CBIC amended the Notification no. 05/2023 GOVERNMENT OF INDIAMINISTRY OF FINANCE(DEPARTMENT OF…
Amendment in CGST Rules : Notification No. 04/2023
SYNOPSIS: CBIC has made amendment in CGST Rules by notification no. 04/2023. Changes in Aadhar authentication and biometric rules. The Central Board of Indirect Taxes and customs (CBIC) has made amendment in CGST rules via notification no.04/2023. It notifies and substitute Rule 8(4A) and Rule 8(4B) relating to…
Notification No. 03/23: Extension of time limit for application for revocation
SYNOPSIS: Taxpayers can revoke GST Registration cancellation by paying taxes and penalty on or before 30th June, 2023. As per the recommendation of GST Council the government has allowed businesses to apply for the revocation of GST Registration cancellation up to 30th June 2023, only after paying outstanding…
Notification No. 02/2023: GST Late Fee Waived for GSTR -4
SYNOPSIS: Notification No. 02/2023, GST late fee waived for delay in filing Form GSTR-4 during July 2017 to March 2022 This notification was issued as per the recommendation of GST Council to waive the late fee for delay in filing Form GSTR-4 and to extend the waiver of…
How to Find GST Rates: GST Rates for Goods & Services
Find GST Rates: Knowing the correct GST rates are very crucial because when you use an incorrect rate it may lead to compliance issue. So in this article we will learn to know how to find the correct GST rates. Steps to Find GST Rates: So to find…
GSTIN Advisory on opting for payment of tax under the forward charge mechanism by GTA
GSTIN Advisory: The Goods and Service Tax Network (GSTN) has issued an advisory on the option for payment of tax under the forward charge mechanism by the goods transport agency (GTA). This GSTIN advisory was issued in compliance with Notification No. 03/2022-Central Tax (Rate), dated 13th July, 2022,…
New Functionalities in GST Portal: December 2022
New Functionalities in GST: The Goods and Service Tax Network has issued a list of new functionalities made available for Taxpayers on the GST Portal (December 2022). The new functionalities include topics like drop proceedings, recompute interest, validation duplicate checks and others. Registration Form/Functionalities: Automation of Drop Proceedings…
Highlights of 48th GST Council Meeting: Decriminalise certain offences u/s 132
Highlights of 48th GST Council Meeting: The 48th GST Council meeting was chaired by Union Finance Minister Smt. Nirmala Sitharaman via virtual mode in New Delhi.
Seed is not an Agricultural Produce, Not Eligible for Exemption
Seed is not an Agricultural Produce: The appellant is registered under GST having GSTIN number 36 AAACG3220D1ZB. M/s Narsimha Reddy & Sons are primarily engaged in production and processing of agricultural seeds. In the process of production, the applicant outsources certain services such as cleaning, drying, grading and…
GST Portal services will be unavailable: GST Return due dates are approaching but as per the latest running notification on the GST Portal that “GST Portal Services will be unavailable until 15th November 2022. Important fling dates on GST portal GSTR-3B (Oct, 2022)(Turnover Exceeding 5 Cr or opted…
GSTN Advisory on sequential filing of GSTR-1
GSTN Advisory on sequential filing of GSTR-1: Sequential filing of GSTR-1 & filing of GSTR-1 before GSTR-3B on GST Portal. The Central Government has amended Section 37 & Section 39 of Central Goods & Service Tax Act (CGST), 2017 vide Notification No. 18/2022–Central Tax dated 28th September, 2022…
CBIC Clarifications regarding applicable GST rates & exemptions on certain services–reg
CBIC Clarifications regarding applicable GST rates: The Central Board of Indirect Taxes and Customs (CBIC) has issued clarification regarding applicable GST rates and exemptions on certain services, on the basis of representations received from various stakeholders. The issues have been examined by GST Council in the 47th meeting…
Here you will find the practical aspects of GST. Like GST Acts- CGST, SGST, IGST, UTGST, Circulars, Notifications, GST Advance Ruling.
Article 368 has been amended to include Article 279A also within its purview. Consequently, at least two-thirds of the majority in each House of the Parliament and ratification by at least half of the States is specifically required to make any amendment in Article 279A relating to GST Council.
Goods and services tax means any tax on supply of goods, or services or both except taxes on the supply of the alcoholic liquor for human consumption. Consequently, GST can be levied on supply of all goods and services except alcoholic liquor for human consumption.
Practical Guide – GST
Further, clause (3) of Article 286 which stipulates that any law of a State shall, in so far as it imposes, or authorises the imposition, of a tax on the sale or purchase of goods declared by Parliament by law to be of special importance in inter-State trade or commerce, be subjected to such restrictions and conditions in regard to the system of levy, rates and other incidents of the tax, as Parliament may, by law, specify, has been omitted.
The Members of the GST Council referred to clause (c) above shall, as soon as may be, choose one amongst themselves to be the Vice Chairperson of the Council for such period as they may decide.
GST is a destination based tax applicable on all transactions involving supply of goods or services or both for a consideration subject to exceptions thereof. GST in India comprises of Central Goods and Services Tax (CGST) – levied and collected by Central Government, State Goods and Services Tax (SGST) – levied and collected by State Governments/Union Territories with Legislatures and Union Territory Goods and Services Tax (UTGST) – levied and collected by Union Territories without Legislatures, on intra-State supplies of taxable goods and/or services. As a general rule, where the location of the supplier and the place of supply of goods or services are in the same State/Union territory,
it is treated as intra-State supply of goods or services respectively.
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