GST on mobile phones is a consumption tax levied on the selling price of the phone. The taxes generated are paid to the government to streamline taxation and replace multiple indirect taxes.
The Goods and Services Tax (GST) regime in India, a comprehensive indirect tax on the manufacture, sale, and consumption of goods and services throughout the country, has streamlined the taxation process.
Where a registered person fails to furnish monthly or quarterly returns under Section 39 or the final return under Section 45, a notice in Form GSTR-3A shall be issued by the proper officer requiring him to furnish such returns within 15 days under Section 46.
01 February 2024 at 08:32
Reverse Charge Mechanism (RCM) and Forward Charge Mechanism (FCM) are two different methods of levying tax on goods and services. RCM is a system in which the recipient of goods or services is liable to pay tax to the government instead of the supplier.
A event of uncertainty and financial paralysis engulfed Guntupalli Marble and Granites (GMG) in November 2023 when the GST department froze their bank accounts...
In the era where Artificial Intelligence is gaining prominence, the GST department has also become pro-active and has started to adopt automated notices. The last one and half years has seen a sudden rise in litigation.
27 January 2024 at 14:34
Under GST Amnesty Scheme, specified GST taxpayers who disagree with a GST tax demand order issued under Section 73 or 74 are eligible for the GST Amnesty Scheme and can file an appeal till January 31, 2024.
As per Section 2(13) of CGST Act, 2017, GST audit means the examination of records, returns and other documents maintained or furnished by the registered person under this act or the rules made thereunder or under any other law
This tax impacts the pricing of medicines and healthcare services, influencing the overall cost structure for manufacturers, distributors, and consumers.
Navigating the intricacies of the E-Way Bill (EWB) mandate can be tricky, especially when it comes to the often-confusing Part B. But fear not, dear reader! This guide unpacks the essential details of Part B and offers insightful case studies to help you avoid the dreaded penalty under Section 129(3) for non-filing.
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
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