GST

Pradeep Kanthed Vs. Union of India and Ors (Supreme Court of India) Introduction: The Supreme Court of India, in the case of Pradeep Kanthed v. Union of India and Ors [Writ Petition (Civil) No. 1006/2...

Ministry of Finance Posting a growth rate of 12% Y-o-Y, 14.97 lakh crore gross GST collection during April-December 2023 period Gross GST collection averages 1.66 lakh crore in first 9 months of FY24...

Introduction: Dear GTA Taxpayers, as of 01/01/2024, essential functionalities are available on the portal for efficient Goods and Services Tax (GST) compliance. In this guide, we’ll walk you through t...

In a move aimed at facilitating taxpayers and ensuring accurate reporting of Input Tax Credit (ITC) reversal, the Goods and Services Tax (GST) authorities have introduced a new ledger named the Electr...

The Ministry of Finance culminates the year with a comprehensive review of the Department of Revenue’s initiatives in 2023. Under the stewardship of the Central Board of Direct Taxes (CBDT), the Depar...

Introduction: The November 2023 GST Council Newsletter (Issue-56) brings pivotal updates on the Goods and Services Tax, including robust growth, amnesty for appeals, and the introduction of biometric...

Introduction: The Punjab Accountants Association, representing accounting professionals across the state, addresses a critical concern in a memorandum to the Honourable Finance Minister, Punjab. The a...

Introduction: The U.P. Tax Bar Association, Varanasi, has submitted a formal request to the Hon’ble Finance Minister of the Government of India seeking an extension of the deadline for filing GST Annu...

Introduction: The Government of India, under the Ministry of Finance, has been under scrutiny regarding the implementation of a health tax on tobacco products. This move was suggested by the Parliamen...

Introduction: As we step into the dynamic world of Goods and Services Tax (GST) in 2023, businesses are navigating a landscape marked by continual evolution. The compliance journey has become more int...

The inquiry posed by Shri Shyam Singh Yadav in Lok Sabha Starred Question No. 212 casts a spotlight on a pivotal aspect of tax policy— the potential subsuming of fuels like petrol, diesel, natural gas...

The Lok Sabha Unstarred Question No. 2373, scheduled for response on Monday, the 18th of December, 2023, delves into the intricate details of the collection and distribution of Central Goods and Servi...

Introduction: The Madras High Court recently rendered a significant judgment on the nature of GST Council’s recommendations. In response to an unstarred question in the Lok Sabha, Shri Balashowry Vall...

Introduction: Rajya Sabha Unstarred Question No. 1100 raises inquiries regarding Reliance Industries Ltd.’s (RIL) acquisitions of foreign assets, including Britain’s Stoke Park, Hamley, and US-based M...

Introduction: The Lok Sabha Starred Question No. 18* delves into the intricacies of GST collection and the devolution process for the financial year 2022-23. Detailed Analysis: 1. Devolution for FY 20...

Introduction: The recent response by the Minister of Finance sheds light on the GST rates for stationery items, primarily used by students, and the taxation on online education services. This article...

Introduction: The Ministry of Finance has intensified its efforts to combat tax evasion, particularly by lottery distributors. In a recent revelation, 12 cases of GST evasion amounting to Rs. 344.57 c...

The State Goods and Services Tax Department of Kerala has implemented Standard Operating Procedures (SOP-1/2023) to oversee the reversal of ineligible IGST input tax credits by taxpayers in Return For...

The Ministry of Finance, under the Government of India, is addressing crucial concerns related to the Goods and Services Tax (GST) Appellate Tribunal. Lok Sabha, through Unstarred Question No. 15, see...

Introduction: The Lok Sabha Unstarred Question No. 91 delves into the intricacies of India’s Goods and Services Tax (GST) collections for the Financial Year 2022-23. The query, posed by Shri D.M. Kath...