GST Articles

Impact of New GST Registration Rules on Startups

Posted by Ishita Ramani 30 August 2024 2289 Views

This article examines how the new GST registration regulations will affect startups, highlighting the advantages as well as the difficulties.

Introduction of RCM Liability/ ITC statement

Posted by Affluence Advisory 30 August 2024 624 Views

A statement called RCM liability/ ITC statement has been introduced on GST portal.

Potential Changes in GST Slabs: 12% vs 18% GST Slabs

Posted by Sachin 28 August 2024 1766 Views

A ministerial group is thoroughly reviewing GST rates in the 12% and 18% brackets. Decisions on potential changes are expected by the end of September.

GST Taxpayers Without Valid Bank Account to Be Barred from Filing GSTR-1 from 1st September

Posted by Sachin 27 August 2024 1963 Views

From September 1, 2024, GST taxpayers must have a valid bank account linked to their GST registration to file GSTR-1.

Bursting the Handi of Fake GST Registration!!

Posted by CA Umesh Sharma 26 August 2024 731 Views

Celebrate Janmashtami with Krishna's wisdom on good triumphing over evil. Discover the government's second special drive against fake GST registrations and its role in combating fraud in the GST system, much like breaking the Dahi Handi to reveal hidden treasures.

Guarantee under GST

Posted by CA Amit Harkhani 23 August 2024 1631 Views

MEANING OF GUARANTEEGuarantee has not been defined in the GST Law. The reference is to be taken from the Indian Contracts Act, 1872. Guarantee is defined under ...

GST Amnesty Scheme August 2024: Preparation & Issues

Posted by Vivek Jalan 23 August 2024 19585 Views

The GST Amnesty Scheme has been Enacted Vide Finance (No. 2) Act 2024 (No. 15 of 2024) dated 16th August, 2024.

Verify Authenticity of GST Bill: Ensuring GST Bill is Genuine

Posted by Mitali 22 August 2024 2687 Views

Verifying authenticity is necessary to avoid fraud as it safeguards you against inaccuracies and fraudulent activities.

Section 122 of CGST Act: Misuse by Authorities and Judicial Relief for Assessees

Posted by Abhishek Raja 21 August 2024 2272 Views

This section is used, or I must say misused, in most of the Notices! The department is trying to levy a penalty under this section in most cases, but the High Court's views are in favour of the Assessee.

GST on Insurance Premiums: GST Council to Review Removal of 18% GST

Posted by Sahil Jaiswal 19 August 2024 14645 Views

In a move that could significantly impact policyholders and the insurance sector, the Goods and Services Tax (GST) Council is set to review the current 18% GST on insurance premiums.