GST

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GST

Important Changes in GST as per the Union Budget 2023...

Changes in GST

GST is an essential part of the Indian taxation system and has led to various remarkable developments in matters related to tax since its introduction. The...

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GST

Rounding Off Tax under GST

Rounding Off Tax under GST

There are instances during the ordinary course of business where the amount of payable tax is a decimal value which confuses the assessee regarding the act...

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GST Advisory

Clarification Based on Recommendations of the 48th GST...

Clarification Based on Recommendations of the 48th GST Council Meeting

The CBIC, vide its Circular No. 189/01/2023-GST dated 13th January 2023, issued Clarification regarding GST rates & classification of certain goods on...

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GST Advisory

Special Valuation Branch (SVB) & Its Investigation...

Special Valuation Branch (SVB) & Its Investigation Procedure

Special Valuation Branch, most commonly known as SVB, is a special unit of the Customs department that specializes in the investigation of the transactions...

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GST Advisory

Significant Changes w.e.f. 1st January 2023

Significant Changes w.e.f. 1st January 2023

There are a series of significant changes that have taken place wef 1st January 2023, such as the changes in the GST rates, banking rules, vehicle rules al...

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GST Advisory

Manner of Processing & Sanction of IGST Refunds: C...

Manner of Processing & Sanction of IGST Refunds: CBIC

CBIC has issued instructions on 28th  November 2022  vide Instruction No/ 04/2022  in respect of the manner of processing and sanction of th...

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GST Advisory

GST Appellate Tribunal (GSTAT): An Overview

GST Appellate Tribunal (GSTAT): An Overview

The Goods and Services tax, most commonly used as GST, was introduced to subsume the major indirect taxes and remove the cascading effect of the same. Howe...

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GST Advisory

Managing Books of Accounts under GST- Best Practices...

Managing Books of Accounts under GST- Best Practices

Managing books of accounts under GST can be a tedious task for many. However, it is one of the significant compliances under the GST law. It is not only ma...

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