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GST Input Tax Credit Restrictions on Works Contracts and Construction
Introduction:India's construction and works contract sector substantially contributes to the nation's economic momentum by generating jobs and developing infrastructure. The advent of the Goods and Se...
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Detailed Overview of GST TDS and Reverse Charge Mechanism in the Metal Scrap Sector
IntroductionThe 54th GST Council Meeting introduced significant changes affecting the taxation framework for metal scrap under the Goods and Services Tax. Specifically, two major updates were unveiled...
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Special Approach for Correcting GST Orders Under Section 148: ITC Adjustment
IntroductionThe GST Council has put forward a unique procedure as delineated in Section 148 of the CGST Act, 2017. This initiative aims to reconcile historical disparities in Input Tax Credit (ITC) cl...
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GST Registration Cancellation Cannot Be Denied Due to Tax Investigation
OverviewThe Delhi High Court, in a significant decision in the case of M/s Sanjay Sales India v. Principal Commissioner of Department of Trade and Taxes, Government of NCT, Delhi, pronounced that the...
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Latest Communications from GSTN on Portal Improvements and Compliance Directions
Overview of GST Advisories Issued in November 2024GST Network (GSTN) has disseminated essential guidance to assessees, elaborating on numerous compliance standards and enhancements recently configured...
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Classification of Hydrated Lime with Less Than 98% Calcium Content Under GST Regulations
OverviewThe Rajasthan Authority for Advance Rulings (AAR) in the case of M/s Balveer Singh [Advance Ruling No. RAJ/AAR/2024-25/2017] provided clarity on the Goods and Services Tax (GST) classification...
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Initiation of Penalty Under Section 130 of the CGST Act for Excess Stock: Legal Insights
OverviewThe Allahabad High Court in the case involving PP Polyplast (P.) Ltd. v. Additional Commissioner Grade 2 [Writ Tax No. 1183 of 2024, dated July 30, 2024] ruled that imposing penalties under Se...
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GST Act, 2017: Mandatory Registration Overview
1. Introduction to GST RegistrationThe registration under the Goods and Services Tax Act, 2017, serves as a vital compliance measure for enterprises. Suppliers exceeding an annual turnover of ₹20 lakh...
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M&A and GST: Essential Considerations
Overview: Mergers and acquisitions (M&A) have become a cornerstone of modern business strategy. In executing these complex transactions, a critical area of focus is conducting comprehensive due dilige...
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Royalty and Taxation in India: An In-Depth Legal Perspective
1. OverviewThe debate regarding whether royalty qualifies as a tax has been a longstanding legal issue within India, significantly impacting state finances and the mining industry. Important clarifica...
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GSTN Guidance on the GST Relaxation Initiative under Section 128A
IntroductionIn an effort to reduce tax burdens and mitigate disputes, the GST Council recommended a relief initiative during its 53rd meeting, as articulated in Section 128A of the CGST Act, 2017. Thi...
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Withdrawal of Rule 96(10) from the CGST Rules, 2017
The Kerala High Court has recently made a noteworthy judgment by declaring Rule 96(10) of the Central Goods and Services Tax Rules, 2017 ("CGST Rules"), invalid and unenforceable. This decision brings...
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Clarification on RCM Application for Renting Properties Under GST
1. OverviewThe introduction of recent updates in the Goods and Services Tax (GST) framework has provided an essential clarification regarding the application of the Reverse Charge Mechanism (RCM) in r...
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Latest Updates on GST Rules 96(10), 89(4A), and 89(4B): A Boon for Indian Exporters
Export Refund Mechanisms under GSTRegistered assessees under the Central Goods and Services Tax Act, 2017 ('CGST Act') are given the option to export goods or services. They can do so while either pay...
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Appeals Filed After Condonable Period in GST Cases Deemed Unacceptable
IntroductionIn the judicial matter involving M/s Reddy Enterprises and the Appellate Authority & Additional Commissioner (ST), the Andhra Pradesh High Court determined that submitting an appeal past t...
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GST Amnesty Scheme 2024: An In-depth Examination of Section 128A of the CGST Act, 2017
1. IntroductionThe GST framework in India, established under the GST Act, 2017, contains various provisions offering relief to assessees from penalties and interest charges. Section 128A, in conjuncti...
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GST Invoice Management System from October 1, 2024
Overview of the Simplified Invoice Management System (IMS)Starting October 1, 2024, a new feature, the Invoice Management System (IMS), is implemented on the GST portal. This facility empowers recipie...
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The Importance of Invoice Management Systems in GST Compliance
The implementation of the Goods and Services Tax (GST) has revolutionized the way businesses handle invoicing and compliance procedures in India. A robust Invoice Management System (IMS) becomes cruci...
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Detention and Seizure of Goods and Vehicles in Transit: Legal Framework and Penalties
Overview:The handling of detention, seizure, and subsequent release of goods and conveyances during transit following GST violations is primarily governed by Section 129 of the Central Goods and Servi...
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Exploring the New Invoice Management System (IMS) on the GST Platform
Introduction to IMS(i) Overview of IMSThe Invoice Management System (IMS) is a newly introduced feature on the GST portal as of October 2024. While it may appear complex, it is designed to offer signi...