GST Articles

Inverted Duty Structure and Refund of ITC

Pounraj Ganesan 13 July 2024 at 15:55

In this article, we will explore what the Inverted Duty Structure entails, its impact on businesses, and how the refund of ITC works under this system

Section 16(4) Time Limit and RCM supplies received from Unregistered Persons

CA Roopa Nayak 13 July 2024 at 15:35

The author has examined the latest circular and implications thereof in this article.

ITC on GST paid on Repair of Vehicles by Insurance Companies

FCS Deepak Pratap Singh 05 July 2024 at 08:36

Cashless payments are generally held to net-work garages by the insurance companies directly, since invoices are generally raised in the name of the insurance company on the basis of the report of the surveyor or inspector.

7 Years of GST: My Experience

Abhishek Raja 02 July 2024 at 08:45

Reflecting on my seven years of experience with the Goods and Services Tax (GST), I've observed that the GST department frequently imposes its interpretations under the guise of the "intention of the legislature."

7 Wonders of the GST World

CA Umesh Sharma 01 July 2024 at 08:33

Today 1st July 2024 marks the completion of 7 years from the implementation of GST law in the country. The taxpayers have seen huge revolutions in the indirect tax regime of the country in these 7 years.

Key Highlights of 53rd GST Council Meeting

Affluence Advisory 26 June 2024 at 14:09

The recommendations of the GST Council Meeting was aimed at providing relaxation, bringing changes in the GST Tax rates, trade facilitation measures and for aiding to streamline compliances.

6 Welcome Amendments Recommended in Return Filing Process by 53rd GST Council Meeting

CA Shruti Singhal 26 June 2024 at 08:37

The council has recommended some measures to increase reporting, reduce the burden of interest, and give taxpayers the option to rectify the GSTR-1 to narrow the gap between GSTR-1 and GSTR-3B in genuine cases. Let us now read these changes in detail!

Key Takeaways from 53rd GST Council Meeting

HNA and Co. LLP 25 June 2024 at 10:34

Insights into the 53rd GST Council Meeting: What You Need to Know!

Liberal GST Relaxations recommended in Sec 16(4) and Appeal in the 53rd GST Council Meeting

CA Shruti Singhal 24 June 2024 at 15:23

The 1st GST Council meeting under the 3rd term of Shri Narendra Modi's NDA government was expected to bring relief to some painful aspects of GST law, and t..

Most Popular Recommendations from 53rd GST Council Meeting!

CA Umesh Sharma 24 June 2024 at 13:29

The 53rd GST Council Meeting was held on 22nd June 2024, wherein the focus was on discussing matters concerning Trade Facilitation & Providing Relief to Taxpayers. Key Recommendations made by the council like waiver of interest & penalty for a specified period & Introduction of GSTR 1A will surely be music to the ears of the taxpayers.