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Search results for: gst law

Calcutta High Court's Order for Fairdeal Metals Limited

Calcutta HC: The Particular Buyer is Not Responsible If the Seller Breaks the GST Law

In the case of Fairdeal Metals Limited Vs Asst. Commissioner Of Revenue, State Tax WPA/170/2024; Calcutta High Court has expressed that the buyer, who is in no way associated with any of the allegations that have been incurred against the seller, could not be made responsible to pay a penalty for incorrect doings of seller. […]

Center New Plan to Simplify GST Law for Travel & E-Commerce Industries

Central Govt Planning to Simplify GST Law for E-Commerce & Travel Industries

The government is contemplating the revision of the comprehensive GST legislation by introducing an extra provision or changing its definition, accompanied by adjustments in procedures relevant to the service sector. Presently, it is obligatory for businesses to possess a tangible establishment within the jurisdiction of their operations, which poses challenges for e-commerce enterprises and other […]

GST Council's 6-member GoM for New Amendments and GSTAT

Council’s GoM to Suggest GST Law Amendments and GSTAT Setup

The Goods and Services Tax (GST) officials have made a six-member group of ministers (GoM) to guide critical revisions needed in the GST laws and additional legal modifications to set up the GST Appellate Tribunal (GSTAT). Haryana Deputy Chief Minister Dushyant Chautala has led the Group of Ministers. “In its 47th meeting held on June […]

GST Needs Some Important Updates

GST Law Requires Needful Amendments But Hard to Implement

GST requires a change in its rate structure, the government is urged to take the harder political decision soon or in the times to come. This is seen after the effective GST collections improvement from the previous fiscal year. The requirement to change the GST structure emerges from the concern that the revenue-neutral rates which […]

Need Special Laws for 'Power of Arrest' Under CGST Act

Punjab & Haryana HC Allowed to Make GST Law for Sections 69 & 132

Haryana and Punjab High Court had observed initially that parliament was authorized under the constitution to have a problem solving mechanism post incorporation of the Central Goods and Services Tax (CGST) Act after 4 years. The force came as the Judge let go of the decision of Justice Rajan Gupta and Justice Karamjit Singh has […]

GST Laws Focus on Reducing the Tax-Related Offences

Acceleration in GST Laws Focus on Reducing the Tax-Related Offences

The comprehensive review process of GST laws has been accelerated and now it is particularly focused on rapidly reducing the tax-related offenses and it is aimed at improving business sense and reduce law reports. The Central Government is evaluating the chances and outcome of scrapping Claus into law that empowers Officers to arrest taxpayers on […]

Reforms Under CGST Laws

Recently Introduced Reforms Under CGST Laws

Consistant towards achieving a solid GST structure and preventing cases of GST leakages and frauds government keeps on improvising the tax laws for good. Many new provisions are allowed by the government and some old ones are amended in order to make GST a much more convenient and realistic form of tax governance. With effect […]

Benefits of GST After New GST Law

Know the Benefits of Registered Taxpayers Due to New GST Laws

Several changes have been made to the CGST Act, which will benefit the taxpayers in terms of ensuring compliance. The recent update in the different sections of the CSGT Act is related to the tax payments and interest, which will ease out the process of GST return filing View the full comparison report between old […]

Auto Firms

Amendment in GST Law May Impact Auto Firms Liquidity Negatively

Automobile dealers have anticipated the reduction in liquidity due to the modifications in GST laws. The Federation of Automobile Dealers Association (FADA) has written a letter to the Prime Minister’s Office, Finance Ministry and GST Council, expressing the resentful effect of the addition of section 49A to CGST law on their cash flow.

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