Penalty under GST: Detailed Analysis
Under the Central Goods and Services Tax (CGST) Act 2017, a penalty for non-compliance with GST regulations may be imposed under different provisions which range from section 122 to section …
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Eligibility for claiming GST Input Tax Credit under GST Laws
Goods and Services Tax (GST) is a value-added tax levied on the supply of goods and services in India. It is an indirect tax that replaced multiple indirect taxes such …
48th GST Council Meeting- Key Highlight
The 48th GST Council meeting was held on 17th December 2022, Saturday in New Delhi. The meeting was chaired by the Union Finance Minister Nirmala Sitharaman. Since the 48th GST …
GST on rent of residential property Effective from 18 July 2022: Detailed Analysis
Under GST Laws, Once thing is very clear that a registered person under GST supplying any goods or services to any person is required to charge and collect GST under …
Analysis of Arrest provisions under GST & Can a CA be arrested under CGST Laws?
In the GST regime, the provisions for arrests are introduced to tackle certain situations raised by tax evaders in cases where the person is involved in specified offences for the …
GST COMPLIANCE CALENDAR FOR MARCH 2022
Below are the summarised GST Compliance Calendar For March 2022 for various compliance and return due date: Sr. No. Purpose of Return Return Form Month/ Quarter/ Year Due date …
Supreme court order for extension in the period of limitation (Suo-moto order by the Hon’ble Supreme court)
Court: Supreme court of India Order Passed: Re: Cognizance for Extension in period of Limitation (Supreme court order for extension in the period of limitation) Date of Judgment: 10th January …
GST on Cryptocurrency or Digital Assets
Cryptocurrency has become a parallel currency that allows the transfer of value held in a digital wallet, from one person to another, without going through a central authority or bank …
GST Update on E-Invoice Applicability from 01st April 2022
This article is written to update our kind readers on E-Invoice Applicability from 01st April 2022 that has been made mandatory from 1st April 2022 for the Notified class of registered …
GST Input Tax Credit for contractors supplying works contract services
The Authority for Advance Ruling (AAR) constituted under the Goods and Services Tax (GST) Law has recently pronounced advance rulings clarifying certain positions on availability of GST Input Tax Credit …