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Request to consider mechanism to remit interest on un-utilized ITC
The concepts of un-utilized Input Tax Credit (ITC), Income Tax Refund, and the potential impact of providing interest on un-utilized ITC under the Central Goods and Services Tax (CGST) Act. 1. Un-util...
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Decriminalization of Offenses under GST: Government’s Approach & Impact Assessment
Introduction: This article provides insights into the recent decriminalization of offenses under the Goods and Services Tax (GST) regime in India. It sheds light on the Government’s approach to this d...
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Expansion of GST Appellate Tribunals and Status of Pending GST Disputes: Government’s Response
Introduction: This article delves into the recent developments regarding the establishment of GST Appellate Tribunals across India and the status of pending GST disputes. It sheds light on the State G...
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Impact of 28% GST on Online Gaming: Government’s Decision Explained
Introduction: This article provides insights into the Indian Government’s decision to levy a 28% Goods and Services Tax (GST) on online gaming websites. It explains the motives behind the decision, it...
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No Plans to Lower Disability Percentage for GST Concessions
Introduction: This article presents the Indian Government’s response to a query regarding the issuance of GST concession certificates to disabled individuals. It provides information about the number...
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GST Rate on Millets and Health Mix Products: Government’s Response
Introduction: This article presents the Indian Government’s response to a query about the consideration of reducing the Goods and Services Tax (GST) rate on millet-based health mix products and ready-...
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GSTN and PMLA: Framework, Discussions and Impact
GSTN, established with the purpose of offering shared IT infrastructure and services, serves as a platform for the implementation of the Goods & Services Tax (GST). PMLA, on the other hand, has the ob...
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Main user allowed to grant access to IRNs generated by them to sub-user: NIC
The National Informatics Centre has introduced a significant update in user management. Sub-users now have the capability to access e-Invoices generated by the main user. They can perform essential ac...
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Guide to E-Invoice Services Offered by New IRPs Under GST
Introduction: The Indian Goods and Services Tax (GST) system has introduced e-Invoicing, a significant step towards enhancing ease of doing business. This article provides an overview of the services...
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Rising GST & Tax Evasion: An Insight into Efforts & Statistics
In a rapidly digitising world, ensuring tax compliance has become a challenging task for governments worldwide, and India is no exception. In response to a recent Lok Sabha query, the Government of In...
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Recommendations of 51st GST Council Meeting
GST Council recommends certain amendments in CGST Act 2017 and IGST Act 2017, including amendment in Schedule III of CGST Act, 2017, to provide clarity on taxation of supplies in casinos, horse racing...
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July 2023 GST Revenue Collection: ₹1,65,105 Crore with 11% YoY Growth
The Ministry of Finance, Government of India, has released the GST revenue collection data for July 2023. The figures show a significant increase in GST collections compared to the same period last ye...
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Impressive Growth in Monthly GST Collection for FY 2021-22 & FY 2022-23
The Ministry of Finance has disclosed the monthly average gross Goods and Services Tax (GST) collection for the financial years 2021-22 and 2022-23, showcasing significant year-on-year growth. This ar...
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Government Proposes Online Audit Mechanism for Streamlining GST Process
In response to concerns over anti-competitive practices by major tech companies, the Union government has decided to introduce an online audit mechanism under the Goods and Services Tax (GST) system....
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DGGI Meerut busts Rs. 3,242 Cr Fake Billing Racket
The Ministry of Finance’s Directorate General of GST Intelligence (DGGI) Meerut Zonal Unit has successfully exposed two significant fake billing rackets, involving 246 fake entities, with a massive tu...
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Request to Abolish GST Reverse Charge Mechanism
In this letter, the Advocates’ Tax Bar Association addresses the Hon’ble Finance Minister to request the abolishment of the Reverse Charge Mechanism (RCM) for registered dealers, except for Government...
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GST Council Newsletter for the month of June 2023
Six years after the rollout of the biggest indirect tax reform of India, the consistent monthly revenue of Rs 1.5 lakh crore from the Goods and Services Tax (GST) has established itself as the new nor...
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Appeal to Review the GST Council’s Decision on Online Gaming Taxation
The recent decision by the GST Council to tax online gaming at par with lottery and gambling has sparked controversy and criticism. This Representation by CAIT delves into the catastrophic implication...
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50th GST Council Meeting: Tax Rates, Appellate Tribunal & Compliance Measures
The 50th meeting of the GST Council has concluded with significant recommendations. The Council addressed changes in tax rates for various goods and services, recommended the establishment of the GST...
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Representation for Extension of various GST Amnesty schemes under GST
Income Tax Bar Association and All Gujarat Federation of Tax Consultants jointly make a representation for the extension of various Amnesty schemes under GST that ended on June 30, 2023. Read the full...