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GST Articles


Additional FAQs on IMS

  Aarika    18 October 2024 at 15:28

1: Which invoices are visible on the IMS dashboard since October 14, 2024?IMS is launched from the GSTR-2B return period of Oct'24. Hence, all the records eligi..



Impact of GST on Renting of Immovable Property

  CA Aditya    14 October 2024 at 08:37

The Goods and Services Tax (GST) framework is set to undergo a significant change on October 10, 2024. This new update, introduced by the government, focuses on non-residential rental transactions.



Legality of Issuing a Single Show Cause Notice for Covering Multiple GST Assessment Years

  Rajan Naidu    10 October 2024 at 08:44

The practice of the GST Department issuing a single Show Cause Notice (SCN) for multiple assessment years has raised significant legal concerns. While this practice may be convenient to the GST Department, it often creates challenges for both the GST Department as well as taxpayers.



9 Days of Navratri: 9 Key Points from Safari Retreats ITC Case

  CA Umesh Sharmapro badge    07 October 2024 at 14:50

Just like Navratri has 9 days, each with a special meaning, the Safari Retreats judgement offers 9 key points for businesses when it comes to claiming Input Tax Credit (ITC) under GST. Let's explore these 9 key points, one for each day of Navratri



GST on Mining Royalty Post 9 Judge bench SC decision - Is it attained finality?

  CA Venkatprasad Pasupuleti    05 October 2024 at 15:16

The State Government collects Royalty/Seigniorage charges as per the provisions of Mines and Minerals (Regulation and Development) Act, 1957 (MMDR Act for brevity hereinafter) read with rules framed by the concerned State Government from the lessee of the Mining site.



No Interest and Penalty if demanded tax amount is paid by 31st March 2025 for FYs 2017-20

  Bimal Jain    01 October 2024 at 13:35

The Ministry of Finance has officially notified the enforcement of several sections of the Central Goods and Services Tax Act, 2017 ("the CGST Act"), including the newly introduced Section 128A in the CGST Act, w.e.f. November 1, 2024.



Relaxation for the availment of ITC for the FYs 2017-2021

  Bimal Jain    01 October 2024 at 13:19

Due to various factors, including financial constraints, lack of knowledge on the part of taxpayers or their accountants/tax consultants, and the cancellation of GST registrations for multiple reasons, etc., registered persons could not file their statutory returns



Archived GST Return Data Restored - Don't Miss Out

  Mitali    30 September 2024 at 08:33

GST Return Data which have been archived earlier it has been restored now. 



GST on Lease/Rental Transactions

  CA S K Mishra, FCA, FCMA , MBApro badge    27 September 2024 at 08:38

A lease is a contractual arrangement between owner (lessor) & user (lessee) whereby one party, the lessor, grants the right to use a particular assets (such as a parcel of land, building, equipment, or machinery etc.) for a specific period and under specified conditions to the other party, the lessee.



GST On Real Estate Sector: An Analysis

  Ashok Pitroda    26 September 2024 at 16:05

Since the implementation of GST in India, the real estate sector has undergone significant changes. The GST rates on real estate vary depending on the type of property and its stage of completion.