GST Articles

Assessment of Non-filers of Return under Section 62 of CGST Act

Udaya Chandran 02 February 2024 at 08:53

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.

Reverse Charge Mechanism v/s Forward Charge Mechanism

Ishita Ramani 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.

Guntupalli Marble's Fight for Financial Respiration in the Grip of GST Attachment

CA Divyajeet Singh Sabharwal 30 January 2024 at 09:02

A event of uncertainty and financial paralysis engulfed Guntupalli Marble and Granites (GMG) in November 2023 when the GST department froze their bank accounts...

Automated Notices under GST: DRC-01B and DRC-01C

Shashank Tellakula Anand 30 January 2024 at 09:02

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.

GST Appeal Amnesty Scheme Before 31st January 2024

CA Umesh Sharma 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.

An Overview on GST Audit

Ashok Pitroda 27 January 2024 at 09:53

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

GST on Medicines

CA Ruby Bansal 24 January 2024 at 16:58

This tax impacts the pricing of medicines and healthcare services, influencing the overall cost structure for manufacturers, distributors, and consumers.

Don't Fear the Fine: Avoid Penalty u/s 129(3) with these E-Way Bill Part B Tips!

Abhishek Raja 24 January 2024 at 14:18

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.

Letter of Undertaking (LUT) and its benefits under GST

CA.Sangam Aggarwal 24 January 2024 at 08:46

LUT application is required to be completed before 31st March of starting of the financial year or before supply for Exports and SEZ for example for FY 2024-25 need to file before 31st March, 2024.

Guide to Electronic Credit Reversal and Re-claimed Statement (ECRRS)

CA Akshay Hiregange 22 January 2024 at 12:13

The Government has notified certain changes in Table 4 of Form GSTR-3B to enable taxpayers to report correct information regarding ITC availed, ITC reversal, ITC re-claimed, and ineligible ITC through Notification No. 14/2022 - CT. Circular 170/2022-CGST also was issued to clarify disclosure practices that can be followed.