In a landmark judgment, the Supreme Court has upheld an order of the High Court directing a GST official to pay compensation to a taxpayer for issuing an invalid penalty order. The Court also increased the compensation amount from Rs. 10,000 to Rs. 69,000.
The Goods and Services Tax (GST) Act, introduced in India in 2017, has revolutionized the country's taxation system. However, certain aspects of the Act continue to spark debate, including the interpretation of the term "goods" and its implications for cash seizure under Section 67.
06 December 2023 at 09:11
The GST is a type of tax that applies to every product you see. It is a multi-stage, destination-based tax imposed on every value addition and applicable to the entire country. It has superseded chiefly other indirect taxes in India, such as excise duty, VAT, and services.
This comprehensive article delves into the intricacies of Input Tax Credit (ITC) under the Goods and Services Tax (GST) regime, with a specific focus on GSTR Forms 2A, 2B, and 3B. It aims to equip you with the knowledge and understanding necessary to navigate the complexities of claiming and utilizing ITC efficiently.
Here's an overview of GST rates and taxable value concerning the jewellery industry:
In a recent order, the Delhi High Court (HC) has set aside an order cancelling a taxpayer's GST registration, stating that the order lacked proper reasons for cancellation.
The 2FA, requiring a one-time password (OTP) for login security, aims to enhance GST portal security and will be implemented nationwide in the second phase from December 1, 2023.
Serving Of GST Notices In Form GST DRC-01 And Order In Form GST DRC-07 Other Than On The GST Portal Renders Notices/Orders Illegal
Golden opportunity for all the taxpayers who missed filing an Appeal within the allowable time or whose appeal got rejected due to time-barred against the order..
The Goods and Services Tax (GST) Act, 2017, mandates that certain categories of taxpayers must obtain GST registration irrespective of their turnover or threshold limit of 40 lac or 20 lac for goods and services respectively.
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