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GST Considerations for Employee Recoveries and Digital Asset Leasing: An In-depth Overview
1. Introduction: Evolution of GST on Employer-Employee TransactionsThe issue of Goods and Services Tax (GST) applicability on arrangements between employers and their workforce has consistently led to...
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GSTR-9 for FY 2024-25: Comprehensive Annual Return Requirements, Optional Disclosures, and Stepwise Data Reporting under GST
HighlightsMandatory Filing Pre-requisitesTaxpayers must ensure that all GSTR-1 and GSTR-3B returns for FY 2024-25 are filed prior to submission of GSTR-9.GSTR-9 cannot be used to claim additional Inpu...
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Allahabad High Court Quashes GST Demand for Failure to Grant Mandatory Personal Hearing Under Section 75(4) of UPGST Act
HighlightsMandatory Opportunity for Personal HearingThe Allahabad High Court reaffirmed the statutory requirement that assessees must be afforded a personal hearing before any adverse order is passed...
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Arrest Under GST Now Requires Strict Adherence to BNSS Safeguards: Heightened Legal Scrutiny for Tax Evasion Offences Exceeding Rs 5 Crore
HighlightsTrigger for Arrest Under GSTReason to Believe: The power to arrest under Section 69 of the Central Goods and Services Tax Act, 2017 (CGST Act) is activated when the Commissioner has “reason...
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GST Liability on Blended Cotton Seed Cattle Feed: Insights from Andhra Pradesh AAR
Background and DisputeV.K. Industries, based in Andhra Pradesh, manufactures a range of products from cotton seeds, such as cotton seed oil cake and de-oiled cake. The company has recently introduced...
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Rethinking Section 74 and the Prevalence of Automated Adjudication in GST: The Need for Judicial Oversight
Overview of Section 74 within the GST FrameworkSection 74 versus Section 73: Legislative Intent and ScopeSection 74 of the Goods and Services Tax (GST) Acts was introduced specifically to address situ...
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Interest Applicability on GST Paid via Credit Ledger Through DRC-03 for GSTR-1 Declared Outward Supplies
OverviewGST compliance often encounters situations where an assessee appropriately declares outward supplies in GSTR-1 but inadvertently omits the related tax liability in GSTR-3B. In numerous instanc...
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Comprehensive Guide to GSTR-9 for FY 2024-25: Latest Amendments and Reporting Requirements
The Indian GST system has seen sustained transformation since its inception, with the compliance landscape continuing to evolve through legislative updates and procedural refinements. The Annual Retur...
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Comprehensive Guidance Issued for Accurate Reporting of ITC Claims, Reversals, and Reclaims in GSTR-9 for FY 2024-25: Legal Nuances and Compliance Requirements Highlighted
HighlightsStructured Reporting of Input Tax Credit (ITC)The annual return in Form GSTR-9 for FY 2024-25 prescribes segregated reporting of ITC events under distinct tables, capturing the entire lifecy...
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Gujarat AAR Affirms ITC Eligibility for Movable Power Transmission Assets Installed Outside Factory Premises under CGST Act
HighlightsBackground and Parties InvolvedAlleima India Pvt Ltd, a manufacturing entity based in Mehsana, Gujarat, required an expansion of its installed power supply. To achieve this, the company laid...
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Legal and Evidentiary Implications of GST Assessment Based on Mobile and WhatsApp Data
1. Overview: The Digital Shift in Business Communication and Its ImplicationsIn the contemporary commercial landscape, especially among small and medium enterprises (SMEs), digital communication platf...
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Valuation of Supplies to Related and Unrelated Persons and GST Implications on Transportation Services: Analysis of AP AAR Ruling in the Case of Sri Lakshmi Ganesh Cement and Iron General Stores
Background and Key FactsSri Lakshmi Ganesh Cement and Iron General Stores (hereinafter referred to as "the Applicant") operates as a trader dealing in cement and iron, catering to both wholesale and r...
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Jurisdictional Boundaries of Customs and GST Authorities
1. Overview: Jurisdictional Boundaries of Customs and GST AuthoritiesThe advent of the Goods and Services Tax (GST) in India from 1 July 2017 marked a significant transformation in the indirect tax sy...
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Key Updates and Modifications in GSTR-9 for FY 2024-25: What Assessees Should Know
IntroductionThe Central Board of Indirect Taxes and Customs (CBIC) has introduced the revised formats for GSTR-9 and GSTR-9C for Financial Year 2024-25, as notified via Notification No. 13/2025–Centra...
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Bombay High Court: No Limitation Under Section 54 on Interest for Unlawfully Collected Ocean Freight GST
IntroductionThe Bombay High Court, in the matter concerning West India Continental Oils Fats Pvt. Ltd. versus Union of India and others, decisively addressed the issue of levy and refund of IGST under...
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Staggered Submission of Appeals to the GST Appellate Tribunal: A Comprehensive Guide
Introduction to Staggered Appeal Filing Before GSTATThe Goods and Services Tax Network (GSTN), which manages the common GST portal, has observed a substantial number of appeals submitted and resolved...
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Taxation on Acquisition of Software from Foreign Vendors without a Permanent Establishment in India: GST and Income Tax Analysis
Introduction: Cross-Border Software Procurement and Tax ConsequencesIn the digital economy, Indian assessees—both businesses and individuals—frequently purchase software and digital tools from oversea...
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Comprehensive Guide to Inverted Duty Structure (IDS) under GST: Provisions, Practical Aspects, and GST 2.0 Implications
Overview of Inverted Duty Structure under GSTIn the GST framework, tax is imposed at every stage of the supply chain, with input tax credit (ITC) generally allowed for taxes paid on inputs and input s...
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Unraveling Rule 37A: A Chartered Accountant’s Guide to India’s Strictest Input Tax Credit Regulation
Introduction: The Significance of Rule 37A in GST ComplianceRule 37A has emerged as a major challenge for businesses under the Indian GST regime. Despite complying with all standard requirements—such...
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Recent Modifications in GSTR-9: Detailed Analysis of Table 8C & Table 13 Reporting for FY 2024–25
Introduction: Scope and PurposeThe present discussion focuses on the substantial revisions made to Table 8C and Table 13 of Form GSTR-9 for the financial year 2024–25, as mandated by Notification No....