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CBIC's Recent Revisions on GST Registration: A Crucial Update
The Central Board of Indirect Taxes and Customs (CBIC) has issued two important directives, Instruction No. 03/2025-GST issued on April 17, 2025, and Instruction No. 04/2025-GST on May 2, 2025. These...
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Supreme Court Review on Betting & Gambling: Insight into the Gameskraft Case
OverviewThe Supreme Court of India is currently adjudicating on a set of cases that are centered around the case of Directorate General of Goods and Services Tax Intelligence (Hqs) & Ors. v. Gameskraf...
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Overview of GST Appellate Tribunal (Procedure) Rules, 2025
1. IntroductionThe Central government of India has taken a significant step in revamping the country's system for resolving indirect tax disputes by releasing the GST Appellate Tribunal (Procedure) Ru...
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Revised Instructions for GST Registration
Overview of GST Registration EnhancementsOver a period extending beyond 94 months since the implementation of the Goods and Services Tax (GST) statute, numerous procedural adjustments and clarificatio...
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Understanding CBIC's Instruction No. 03/2025-GST: Essential Insights for Businesses
Introduction to New GST Registration GuidelinesThe Central Board of Indirect Taxes and Customs (CBIC) released Instruction No. 03/2025-GST on April 17, 2025, aiming to simplify the GST registration pr...
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Analysis of Mandatory Pre-Deposit Under GST and Its Impact on Appellate Remedies
Understanding Obligations Under Tax LawsTax legislation typically establishes two main types of obligations: substantive, which are tax-related duties, and procedural requirements. The compliance of a...
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Mandatory ISD Under GST from April 2025: A Detailed Overview of Input Tax Credit Distribution
Introduction – Understanding the Input Service Distributor (ISD) MechanismModern businesses often operate via a centralized head office with numerous branch offices spread across different locations....
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GST Implications on Disposal of Capital Assets: Section 18(6) & Rule 40(2)
When capital assets are disposed of, the taxation process as per Section 18(6) of the GST Act and Rule 40(2) requires that the GST obligation be calculated based on the greater of the tax on the trans...
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GST Implications on Club Members’ Contributions: Kerala High Court’s Stance
Overview: High Court’s Ruling on GST Provisions Relating to ClubsThe Kerala High Court, on 11 April 2025, delivered a pivotal judgment in the case of Indian Medical Association Vs Union of India. It d...
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Restrictive Input Tax Credit (ITC) Rules for Capital Goods: A Challenge for Real Businesses
The introduction of GST in India was hailed for its promise of continuous credit flow, eliminating cascading taxes and blocked input credits, which provided businesses with renewed optimism. However,...
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In-depth Overview of the GSTIN: 'Goods and Services Tax Identification Number' in India
Understanding GSTINWhen a business or individual registers under the Goods and Services Tax (GST) framework in India, they are allocated a unique 15-digit identifier known as the GST Identification Nu...
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Significance of PAN Card for Businesses: Its Role in GST & Corporate Tax Compliance
The government mandates that all business entities in India must obtain a Permanent Account Number (PAN) card as a prerequisite for key tax-related procedures, such as Goods and Services Tax (GST) reg...
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Decoding TDS Under GST: Comprehending the Concept and Addressing Legal Challenges
TDS Implementation in GSTThe introduction of Goods and Services Tax (GST) has revamped the indirect tax framework significantly, streamlining many processes. Nonetheless, it has also led to various le...
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GST Impact on Corporate and Personal Guarantees
Overview In finance, a guarantor assures a lender on behalf of a borrower. Here, the guarantor acts as the assurance provider, the lender receives the assurance, and the borrower benefits. Within GST,...
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Authorization Document for Designating an Authorized Signatory in GST
OverviewIn accordance with the GST regulations, individuals who apply for GST registration must designate an authorized signatory. This individual acts on their behalf on the GSTN portal, handling tas...
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SCN - Formal Response to Show Cause Notice: Clarification on ITC Denial Due to Delayed Invoice Issuance
Background ContextM/s DEF Pvt. Ltd., engaged in the business of electronic appliances, availed accounting and taxation services from M/s PQR & Co. in August 2022. Owing to an inadvertent delay, the in...
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Essential GST Reconciliations Prior to Finalization of Annual Financial Statements
When businesses prepare their annual accounts, it is crucial to align accounting records with GST requirements to avoid unexpected tax liabilities, penalties, and denial of credit. Key reconciliations...
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Misunderstandings Persisting Under GST
Key Misunderstandings in GST Framework and SolutionsMisbelief in Input Tax Credit on Fixed AssetsThere is a widespread misunderstanding among assessees that if no Input Tax Credit (ITC) was claimed on...
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GST on Sale of Immovable Property Without Subsequent Construction: Taxability Analysis
1. Introduction to the IssueUnderstanding whether GST applies when an under-construction property is sold without any subsequent construction service has long puzzled the real estate sector and GST pr...
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Introduction to GST Appellate Tribunal Protocol
The Finance Ministry of India has unveiled the GST Appellate Tribunal (Procedure) Rules, 2025, effective from April 24, 2025. These rules represent a critical development aimed at simplifying dispute...