Clipped from: https://www.business-standard.com/opinion/columns/eight-years-on-gst-regime-is-okay-but-gst-officers-are-not-efficient-125070600709_1.html In pre-GST regime, importers of goods were paying additional duties of Customs & taking Cenvat Credit of the same. Now, they are paying
Category: GST
बोगस बिलिंग ‐ का होतेय– जीसटी ह्या कायद्याचा दुरुपयोग कसा थांबवता येऊ शकेल? सौजन्य महाराष्ट्र टाइम्स
Cash Credit Account Not Attachable u/s 83 of MGST Act as It Is Not Account Holder’s Property: Bombay HC [Read Order]
Clipped from: https://www.taxscan.in/top-stories/cash-credit-account-not-attachable-us-83-of-mgst-act-as-it-is-not-account-holders-property-bombay-hc-1425521 Citing prior rulings by the Gujarat High Court and its own decision in Sargam Foods Pvt. Ltd., the Court reaffirmed that such an
GST evasion detection hits all-time high of ₹2.23 trillion in FY25 | Economy & Policy News – Business Standard
lipped from: https://www.business-standard.com/economy/news/gst-evasion-detection-hits-all-time-high-of-2-23-trillion-in-fy25-125062001124_1.html FM Nirmala Sitharaman urges faster probe closures and easier registrations In FY25, voluntary payments by taxpayers stood at ₹28,909 crore, according to data
Simplify GST registration, plug tax leakage: FM – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/simplify-gst-registration-plug-tax-leakage-fm-3887627/ Finance Minister Nirmala Sitharaman has urged the Central Board of Indirect Taxes and Customs (CBIC) to simplify GST registration processes and expedite grievance
*******HC Rulings on GST Notices Issued to Deceased Individuals
Clipped from: https://www.taxscan.in/top-stories/hc-rulings-on-gst-notices-issued-to-deceased-individuals-1421833 Compilation of High Court rulings on GST demands issued to deceased persons, highlighting legal flaws and heirs’ liability under Section 93. INTRODUCTION In
E-way bills grow nearly 19% to 122.65 million in May, shows data | Economy & Policy News – Business Standard
lipped from: https://www.business-standard.com/economy/news/eway-bills-growth-19-percent-may-125061001471_1.html E-way bills grew by nearly 19% YoY to 122.65 million in May, reflecting a strong increase in compliance and economic activity. This was
*******GST ITC Reversal: Fire, Theft & Damaged Goods
Clipped from: https://taxguru.in/goods-and-service-tax/gst-itc-reversal-fire-theft-damaged-goods.html Summary: Under Section 17(5)(h) of the CGST Act, Input Tax Credit (ITC) is restricted for goods lost, stolen, destroyed, written off, or disposed
*******ITC Eligibility: Section 16(2) vs. 16(5) CGST Act
lipped from: https://taxguru.in/goods-and-service-tax/itc-eligibility-section-162-vs-165-cgst-act.html Introduction The question raised presents a critical legal and administrative dilemma regarding the interplay between the basic eligibility conditions for Input Tax Credit
*******ITC on Inputs for Destroyed Goods Reversible: Telangana AAAR
Clipped from: https://taxguru.in/goods-and-service-tax/itc-inputs-destroyed-goods-reversible-telangana-aaar.html ITC availed on inputs used in the manufacture of finished goods that subsequently got destroyed, must be reversed: Telangana AAAR The Telangana AAAR,
Appealing Cancellation of GST Registration, Find Draft Reply here!
Clipped from: https://www.taxscan.in/filing-appeal-revocation-cancellation-of-gst-registration-intent-importance-purposes/469454/ The cancellation of GST registration can have significant repercussions for businesses, affecting their operational continuity and legal compliance. It often arises due to
*******Received GST SCN under Section 16(4)? Here’s What to Do [Find Draft Format Here]
Clipped from: https://www.taxscan.in/received-gst-scn-under-section-164-heres-what-to-do-find-draft-format-here/481746/ When addressing a Show Cause Notice (SCN) issued under Section 16(4) of the CGST Act, 2017, it is vital to craft a clear and legally
*******ITC Reversal w/out E-Invoice: Draft Reply to SCN
Clipped from: https://www.taxscan.in/reversal-of-itc-in-the-absence-of-e-invoice-how-to-draft-reply-towards-show-cause-notice/458188/ The Input Tax Credit ( ITC ) mechanism is a cornerstone of the Goods and Services Tax ( GST ) regime in India.
*******Availment of Both GST ITC and Depreciation on Capital Goods: Here’s How to Draft Reply to GST Notice [Find Format Here]
Clipped from: https://www.taxscan.in/availment-of-both-gst-itc-and-depreciation-on-capital-goods-heres-how-to-draft-reply-to-gst-notice-find-format-here/442167/ The Goods and Services Tax ( GST ) regime in India aims to eliminate the cascading effect of taxes and promote a seamless
