GST

Introduction The Revenue Department undertakes investigations, audits, or searches of assessees periodically. These audits often encompass more than one financial year. Upon conclusion, the results ty...

India's shift to the Goods and Services Tax (GST) framework marked a significant stride towards unifying the nation's tax structure with the motto ‘One Nation, One Tax’. This transformation included t...

The introduction of the Goods and Services Tax (GST) in India has facilitated an organized and transparent procedure for assessees to fulfill their tax responsibilities. A pivotal element in this fram...

Revised Section 34(2) of the CGST Act: Insights into Credit NotesBackgroundThe Central Goods and Services Tax (CGST) Act's Section 34(2) authorizes suppliers to issue credit notes for adjustments in t...

IntroductionThe Delhi High Court in the case Bharti Airtel Limited v. Commissioner, CGST Appeals-1, Delhi [W.P.(C) 13211/2024, dated December 12, 2024], concluded that telecommunications towers qualif...

As the fiscal year 2024-25 nears its conclusion, businesses in India must fulfill essential GST compliance responsibilities. The following outlines crucial actions to be taken:Submission of Letter of...

Essential Financial Duties at Year-EndAccount Reconciliation:Reconciliation of Ledgers:Ensure consistency across all general ledger balances, bank accounts, and subsidiary ledgers by reconciling any d...

The Indian government has rolled out a GST Amnesty Scheme aimed at offering businesses a reprieve from interest and penalties in specific dispute cases, with this initiative coming into force on Novem...

Navigating Arrest Mechanisms in India’s Customs and GST LegislationsThe evolving judicial perspective on the powers of tax authorities to arrest assessees under the Customs Act, 1962, and the Central...

1. Overview of the High Court's DecisionA pivotal judgment by the Madras High Court in the case of Tvl. Jainsons Castors & Industrial Products v. Assistant Commissioner (ST) has provided crucial guida...

1. IntroductionUnderstanding the timeline for GST appeals is crucial. As per Section 107 of the Central Goods and Services Tax (CGST) Act, 2017, an appeal must be filed within four months of receiving...

Overview of Supreme Court RulingThe Supreme Court recently examined a collection of petitions concerning arrest powers under the Customs Act, 1962, and the Central Goods and Services Tax Act, 2017, fo...

Overview of Restaurant ServicesDefinition:As detailed in Notification No. 11/2017 dated 28th June 2017, amended by Notification No. 20/2019 dated 30th September 2019, "Restaurant services" encompass t...

Understanding the GST Composition SchemeThe Composition Scheme's primary goal is to simplify tax procedures for smaller businesses. With eligibility linked to an annual turnover of less than INR 1.5 c...

1. Introduction to ISD under GSTThe Input Service Distributor (ISD) concept under Goods and Services Tax (GST) in India traces its roots back to the Service Tax regime. This concept was integrated int...

Overview of Input Service Distributor (ISD)The ISD framework under the Goods and Services Tax (GST) scheme permits organizations with various locations to centrally accrue and allocate Input Tax Credi...

Introduction:The GST Amnesty Scheme 2024 becomes active starting November 1, 2024, offering relief from interest and penalties concerning tax demands for the fiscal years 2017-18, 2018-19, and 2019-20...

March 2025 entails significant tax compliance responsibilities under the Income Tax Act, 1961, and the Goods and Services Tax (GST) regulations. For Income Tax, critical deadlines involve submitting c...

Introduction to India's Export PoliciesIndia has emerged as a key player in the global export market, demonstrating considerable growth across various sectors. The tax policies related to exports, par...

GST Registration Criteria for a Liaison Office in India1. Introduction: A liaison office, serving as a link between a company's main office and its stakeholders, is not involved in any commercial tran...