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GST Advisory

CBIC issues recommendations to GST Officers regarding I...

CBIC issues recommendations to GST Officers regarding ITC blocking

The CBIC has issued instructions for GST field officers restricting input tax credits, stating that such ITC blocking should be based on "material proof" r...

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GST Advisory

GST Council brings stricter rules for provisional ITC c...

GST Council brings stricter rules for provisional ITC claims - Section 16(2)(aa)

Several decisions were made by the Goods and Services Tax (GST) Council during its 45th meeting held on September 17, 2021. One of the decisions is to limi...

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GST Advisory

Is blocking of ITC by the GST Department legal – Rule...

Rule 86A

Input Tax Credit refers to obtaining credit for the GST paid on purchases of goods and services utilized in the course of business. The Mechanism of Input...

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GST Advisory

Why are Small Businesses failing to keep up with GST Co...

Why are Small Businesses failing to keep up with GST Compliance?

The GST council established rules on how to keep records, send invoices, report purchases and sales, pay taxes, and file returns by GST registered business...

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GST Advisory

Export Services under GST: Taxation Policy

Export Services under GST: Taxation Policy

India stands among some of the largest exporting countries around the world. Increased number of people are setting up export businesses which is helping o...

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GST Advisory

Notice or Order from GST Department: Assessments under...

Notice or Order from GST Department: Assessments under GST

There are various types of assessments under GST like self-assessment, provisional assessment, summary assessment and best judgement assessment. Assessment...

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GST Advisory

PIL filed for Constitution of GST Appellate Tribunal...

PIL filed for Constitution of GST Appellate Tribunal

Recently a Public Interest Litigation (PIL) was filed in the Supreme Court of India, which sought for constitution of GST Appellate Tribunal. The petitione...

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GST Advisory

GST liability on land owner under Joint Development Agr...

GST liability on land owner under Joint Development Agreement

The Indian government had issued a notification dated 29th March, 2019 under GST Act which deals with the construction services, including Joint Developmen...

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GST Advisory

Provisional Attachment under GST: Amendment & Supr...

Provisional Attachment under GST: Amendment & Supreme Court Ruling

Recently Section 83 of the CGST Act, 2017 was amended in order to widen and raise the Commissioners' power to provisionally attach the property in the inte...

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GST Advisory

Late Fee under CGST Act, 2017 with the Latest Amendment...

Late Fee under CGST Act, 2017 with the Latest Amendments

Section 47 and 50 of the CGST Act 2017 lays down the late fee and the interest payable under the CGST Act. The Indian Government made certain amendments to...

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GST Advisory

Decoding the Concept of Fixed Establishment under GST...

Decoding the Concept of Fixed Establishment under GST

The concept of Fixed Establishment under GST is vital to determine various requirements under the GST law, including the requirement of registration. The d...

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GST Advisory

Disadvantages of Registering under GST Composition Sche...

Disadvantages of Registering under GST Composition Scheme

The Composition Scheme is simple scheme for taxpayers under GST. Small taxpayers can avoid complex GST formalities and pay GST at a fixed rate of the turno...

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