GST

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...

Missed Submission of Annual GST Returns (GSTR-9) or Reconciliation Statements (GSTR-9C) for Financial Years 2017-18 to 2022-23Assessees who have received directives imposing fines for not filing GSTR-...

1. Introduction to the Finance Bill, 2025 AmendmentThe Finance Bill, 2025 has introduced a critical amendment to Section 34(2) of the Central Goods and Services Tax (CGST) Act, 2017. This change impos...

Overview: Critical Steps for the Fiscal Year-End As the fiscal year draws to an end, it is vital for businesses to evaluate their GST compliance to ensure precision and prevent any penalties. Here is...

Starting from April 1, 2025, provisions concerning the Input Service Distributor (ISD) become obligatory. Specifically, this applies when any office of a provider of goods or services receives tax inv...

1. Introduction to E-Way Bill UpdateThe E-Way Bill (EWB) mechanism has undergone significant changes as of February 11, 2025, with unregistered vendors now having the ability to register and generate...

Overview:As the fiscal year 2024-25 draws to a close, assessees need to complete important GST-related tasks to ensure compliance and facilitate a seamless transition into FY 2025-26. Key areas of foc...

Comprehensive Guide to HSN Code Reporting Regulations in GSTR-1The introduction of mandatory Harmonized System of Nomenclature (HSN) code reporting in Table-12 of GSTR-1 aims to enhance compliance and...

IntroductionThe applicability of Goods and Services Tax (GST) on rental income is dependent on the classification of the property and the GST registration status of the tenant. Over time, amendments,...

The Goods and Services Tax Network (GSTN) has recently issued an advisory detailing significant changes to the GST registration process. These modifications, implemented under Rule 8 of the Central Go...

IntroductionSection 16(4) of the CGST Act establishes the timeline for utilizing Input Tax Credit (ITC). However, instances may arise where orders pursuant to Section 73, Section 74, Section 107, or S...

1. OverviewTelecommunication infrastructure providers play a crucial role by installing telecom sites and making them available to telecommunication companies (Telcos). These sites can comprise variou...

Overview of the Supreme Court's Ruling: Understanding "Plant" in GSTThe recent Supreme Court decision in the case of Chief Commissioner of Central Goods and Service Tax & Ors. v. M/s Safari Retreats P...

1. Overview of Input Tax Credit (ITC) ReversalUnder the Central Goods and Services Tax (CGST) Act, specifically Section 16(2), registered assessees are entitled to claim Input Tax Credit (ITC) only if...

Reversal of Input Tax Credit (ITC) for Non-paymentUnder the provisions of Rule 37 of the GST Act, if a registered individual has claimed ITC on inputs, input services, or capital goods in their GSTR-3...

Introduction to the IssueIn recent months, numerous notices have been issued regarding the payment of GST, along with interest and penalties, based on the government's perceived authority to levy taxe...

IntroductionInput Tax Credit (ITC) is a benefit available on expenses that meet the conditions outlined in Section 16 of the Central Goods and Services Tax Act, 2017 (CGST Act), provided they are not...

Overview of Pre-GST and Post-GST Sealing ProceduresBefore the implementation of the Goods and Services Tax (GST) in India, there were three primary methods for sealing export containers: (i) self-seal...

The Reverse Charge Mechanism (RCM) plays a significant role in India's Goods and Services Tax (GST) framework by transferring the responsibility to remit tax from the goods and services provider to th...