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This portal provides effective GST (Goods and Services Tax) news about what is going in the financial world such as filing, taxes, evasion of taxes, etc. The financial news will bring you the knowledge and are helpful for the CAs.
The Blogs on this portal will also tell you about the trending GST news and financial updates whether it might be from any government or non-government portal. You can also stream into the GST articles relevant to the GST REG, the updated scheme for the people of India, and awareness about how to manage or provide consultancy to the people of India in managing their businesses.
The blog will regularly provide press releases of the GST council meetings held by the finance minister of India. Moreover, people can also seek information about the petitions imposed by the applicant and the progress or the result of the cases.
In multiple proposals sent to Finance Minister Nirmala Sitharaman before the upcoming Union Budget on July 23, the Delhi Market Association has requested that the FM consider lowering the Goods and Services Tax (GST) rates on various items and shop rentals to help grow sales. According to Vikram Bhasin, President of the GK-2 Market Association, […]
The Central Board of Indirect Taxes and Customs ( CBIC ) has now Notification No. 02/2024 – Central Tax (Rate) dated July 12, 2024, in line with the Goods and Services Tax Council ( GST Council ) proposals to waive agricultural produce exceeding 25 Kilograms or 25 Litres from GST. Earlier, GST applied to food […]
Uber and co want to clarify with the govt if they are liable for GST or not The app-based taxi service provider i.e. Uber has approached the finance ministry and GST council along with the Authority for Advance Rulings (AAR) to specify whether their businesses are obligated to tax. After the Karnataka AAR said that […]
The Supreme Court of India in development has ignored a Special Leave Petition (SLP) against an order of the Bombay High Court, which had set aside the invocation of Section 438 of the Criminal Procedure Code ( currently Section 482 of BNSS) against a Summons u/s 60 of the Central Goods and Services Tax (GST) […]
The Madras High Court remanded the IGST refund case for reconsideration as the refund was not processed because of the alert raised by the Director General of Data Analytics & Risk Management ( DGRAM ). As per the impugned GST order, the court remarked that the IGST refund claim was that the dealer had not […]
On July 10, 2024, the Central Board of Indirect Taxes and Customs (CBIC) issued Notification No. 12/2024 – Central Tax, to further revise Rule 142 of the CGST Rules. The same revision would be effective from July 10, 2024, which mentions the process of managing the voluntary tax payments that the registered taxpayers made and […]
To include the ‘Adjustment of negative liability of previous tax period’ for Reverse Charge and supplies under Section 9(5) of GST Act and other than Reverse Charge and supplies made under Section 9(5) of GST, the Central Board of Indirect Taxes and Customs (CBIC) has revised Table 6.1 of the GSTR 3B. From a new […]
A significant change to the document upload size limits for the Principal Place of Business and Additional Place of Business sections in the New Goods and Services Tax ( GST ) Registration and Amendment processes in the Goods and Services Tax Portal, has been announced by the Goods and Services Tax Network ( GSTN ) […]
The Madras High Court in a ruling set aside the GST demand order issued on rent-free canteen utilities. The court remanded the case for reconsideration since the taxpayer’s submission had not been regarded by the GST department. The taxpayer, M/s.Erode Medical Centre filed a writ petition contesting the GST demand order based on non-application of […]